Oracle Compensation Cloud 2021 Implementation Essentials : 1Z0-1049-21

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation implemented Oracle Fusion WorkforceCompensation. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true? (Choose the best answer.)

A) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic.
Therefore, a new Salary Basis must be created with a new Grade rate.
B) A new Grade rate can be created and the Salary basis can be modified to include it.
C) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
D) No new Grade rate can be created.

2. You have created a compensation plan and configured the plan details. However, when you try to run the
"Start Compensation Cycle" process, you are not able to see the plan you created in the list that appears.
Which three options could be possible reasons for this? (Choose three.)

A) Accessto the compensation administrator role is restricted in Plan Access.
B) Your user role does not have access to view the plan.
C) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
D) Restrict Plan access is set to "Yes" and the compensation administrator role is added tothe list of roles in
"Plan access from Compensation work area."
E) The compensation administrator or equivalent role is not attached to your plan.

3. Performance Ratings are enabled in a compensationplan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)

A) Create Target Distributions for each of the rating levels.
B) Create a Rating Level for the rating model.
C) Review points with from and to points entered for the rating level.
D) Populate Rating Categories for all rating levels.

4. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track workexperience of people? (Choose the best answer.)

A) Derived -factor-based eligibility criteria using length of service
B) Employment-based eligibility criteria suing hire date
C) User-defined-criteria-based eligibility profile using hire date
D) Employment-based-eligibility-criteria using length of service

5. As compensation administrator, you are required to show "Actual amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created? (Choose the best answer.)

A) Compensation Statement Definition
B) Compensation Category
C) Compensation Item
D) Compensation Source

Solutions: