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

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning.
What is true about the subclassifications for the created element? (Choose the best answer.)

A) A sub-classification name cannot be reused under a different primary classification.
B) Once a sub-classification is associated with a classification, it cannot be associated with another classification.
C) Elements can have only one sub-classification.
D) Sub-classifications provide a way to feed elements.

2. A corporation has implemented Oracle Fusion Workforce Compensation. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying toupdate the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue. (Choose two.)

A) No components are defined to handle these salary adjustments.
B) Automatic entry is checkedat the element eligibility link for the payroll element used.
C) Salary basis is configured to be non-updatable.
D) Automatic entry is checked for the payroll element used.

3. 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 on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
B) 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.
C) 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.
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.

4. An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them.
Which two statementsare true when configuring the items? (Choose two.)

A) Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
B) Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.
C) Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
D) Formula will require you to specify the Legislative Data Group as the Additional Data Entry.

5. Your customer is planning to configure an Individual Compensation Company Car Plan to include only the Sales department employees. The customer alsowants to restrict luxury model vehicles to executive positions.
Which three statements are true about accomplishing this? (Choose three.)

A) Create an eligibility profile to include the Sales department and the executive positions and attach it to Company Car Plan and the Luxury models option.
B) Createan eligibility profile to include the executive positions and attach it to the Luxury models option.
C) You can attach eligibility profiles with Plan, Option, or both.
D) Createan eligibility profile to include executive positions and attach it to Company Car Plan.
E) You cannot achieve this because you cannot attach eligibility profiles with Plan and Option.
F) Create an eligibility profile to include only the Sales department and attach it to Company Car Plan.

Solutions: