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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question 1

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. Populate Rating Categories for all rating levels.
C. Review points with from and to points entered for the rating level.
D. Create a Rating Level for the rating model.

Question 2

Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonusesare awarded by using element entries.
How would you configure the Compensation Statement? (Choose the best answer.)

A. Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items.
B. Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the CompensationItem.
C. Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respectiveElements with the respective Categories.
D. Create one Compensation Category as Bonus and specify thesource type as Element Entry. Associate the three elements with the Compensation Category.

Question 3

Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user's ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)

A. If user access should be based on career levels or earnings thresholds
B. whether or not to restrict access to the plan at all
C. if planaccess should be related to HR actions
D. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
E. if there should be a "white list" name criteria for access to the plan
F. if there should be a time period in which a user can create, update, or discontinue allocations or contributions

Question 4

A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up the following for all employees:
* Salary paid based on the grades of employees.
* Car allowance paid based on the department and position.
* Spot bonus paid based on a committee's decision.
Identify the correctoption for the setup. (Choose the best answer.)

A. Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
B. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the carallowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
C. Set up on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
D. Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a carallowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.

Question 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 Item
B. Compensation Statement Definition
C. Compensation Source
D. Compensation Category

Solutions: