Free Oracle Compensation Cloud 2020 Implementation Essentials Exam 1Z0-1049-20 Exam Practice Test

What is the maximum number and kind of items that you can add when defining a custom category? (Choose the best answer.)

• three custom columns
• five custom columns
• three items
• three subcategories

While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement. As an implementation consultant, which is the dependent configuration that you would advise the compensation manager to perform? (Choose the best answer.)

• Enable components and create at least one component (Configure Compensation Components).
• Enable the Communications tab type (Configure Worksheet Page Layout).
• Enable components and create a component linked to the budget pool (Configure Compensation Components).
• Configure related components (Configure Worksheet Page Layout: Detail Table tab.)

While administering compensation for the workforce, a manger accidentally approves a lower manager's worksheet.Which three statements will be true in this case? (Choose three.)

• The lower-level manager can withdraw the submission and reprocess the compensation allocation.
• The lower-level manager's access level is changed to ''Approved.''
• Lower-level managers can no longer make any updates to their worksheets.
• The worksheet goes to next level for approval.
• The lower-level manager can still make changes in the worksheet and resubmit it for approval.

An employee of a corporation is on a weekly payroll with an hourly rate of 20 USD. Identify the correct option for the frequency shown in the base rate of compensation history. (Choose the best answer.)

• hourly, because the employee has hourly pay
• weekly, because the employee is on a weekly payroll
• annually, because the history must always be shown with annual amounts
• the frequency of the employee's salary basis

When a manager clicks the ''Prepare in workbook'' option, while processing compensation changes, what population would she or he see in the exported Excel spreadsheet? (Choose the best answer.)

• Budget sheet population
• Worksheet population
• Entire organization's population under that manager
• Direct Reports
• The filtered population

What additional action would you recommend to your customer for worker-administered plans to control plan availability in addition to HR actions? (Choose the best answer.)

• Manage Individual Contribution
• Manage Contributions
• Manage Variable Allocations
• Manage Worker Contributions
• Allocate Workforce Compensation

An organization uses Compensation Statement for its workers in the UK. One of the categories used in the statement has the display name as One-Time Bonus. As an implementation consultant, you are in the process of configuring a new Compensation Statement for workers in India. You decide to reuse the category for the new Compensation Statement. In the process of configuring the Statement Definition, you update the Compensation Category display name to Annual Bonus. However, when the Compensation Statement for workers in the UK displays, it continues to show the Category display name as One-Time Bonus.What is the cause for this? (Choose the best answer.)

• The Compensation Category display name is specific to a Statement Definition.
• The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
• After the Compensation Statement is generated for workers in India, the Category display name of Annual Bonus will start reflecting in the Compensation Statement of workers in the UK.
• Workers in the UK need to refresh their statements in order to see the updated display name.

A compensation manager of a corporation is setting up a new salary basis for the employees.Which statement is true about payroll elements set up for a salary basis? (Choose the best answer.)

• Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
• Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
• Multiple payroll elements can be attached a salary basis.
• Payroll elements of any classification type can be attached to a salary basis.

Which two statements are true about Base Pay? (Choose two.)

• For Base Pay earnings elements, eligibility is determined by the salary basis that is assigned to the worker.
• You attach elements at various levels in the Salary object hierarchy to create deductions and earnings that can be processed in a payroll run to calculate Base Pay.
• You attach a single earnings element to each salary basis to hold Base Pay earnings, and assign a salary basis to each worker to calculate Base Pay.
• You enter a salary basis for each worker that becomes the worker's Base Pay earnings.
• For Base Pay earnings elements, eligibility is determined by the deduction basis that is assigned to the worker.

As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items? (Choose two.)

• Compensation items are the foundation upon which the Compensation Statement is built.
• Compensation items cannot be used across statement definitions.
• Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
• Compensation items can be added to statement definitions directly.
• Compensation items are added to a compensation category to include them in statements.