Free Oracle Compensation Cloud 2022 Implementation Professional Exam 1Z0-1049-22 Exam Practice Test

The compensation manager wants to run the batch process to start the compensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)

• It backs out started and processed events for participants.
• It removes unneeded transaction data from prior plan cycles.
• It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
• It backs out unrestricted events for participants.

You have created a total compensation statement. However, you are not able to see one of the categories in the summary section on the left pane. What is the reason for this? (Choose the best answer.)

• The category does not have employee contribution.
• The category does not have employer contribution.
• The category has been added as a subcategory.
• The category does not have a graph defined in it.

The compensation administrator has configured an Annual Salary Review plan that is linked to the performance of employees so that the annual increment amount is based on the rating that an employee has received in the performance evaluation. The percentages are fixed for each of the ratings by using the dynamic column. All the managers have completed updating the worksheet and the information has been transferred to HR by running the Transfer Workforce Compensation Data to HR process.After this, the compensation administrator realizes that the increment percentages for each of the ratings used in the dynamic column were incorrect. Now each of these incorrect salary records should be deleted and new correct salary record entries should be made for the employees in Manage Salary.How should you accomplish this? (Choose the best answer.)

• Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
• Correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and return the same compensation plan.
• Run the Back Out Workforce Compensation Data process, run the Refresh Workforce Compensation Data process, return the same compensation plan, and then transfer the data to HR.
• Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan.
• Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan. Finally transfer the data to HR.

Your customer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)

• an optional welcome message
• the conversion rate date for currency conversions
• the date that statements become available to workers
• the date when bonus is awarded to workers
• the date when merit increases are awarded to workers

Your client has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the three-level manager hierarchy. While setting up the approval hierarchy, the compensation administrator wanted to set up notifications for any errors occurring during the workflow.Identify the three allowed options needed to set up notifications accordingly. (Choose three.)

• Individual users
• Groups
• Application roles
• Duty roles

An administrator of a corporation needs to view a worker's salary basis, change it, view the salary history, and do a graphical analysis of changes made to the salary. However, the administrator is not able to do these things.Identify the three correct roles that will give the administrator access to complete the process. (Choose three.)

• Line Manager
• Compensation Manager
• HR Specialist
• Expenses Manager

A corporation has implemented Oracle Fusion Workforce Compensation. The consultant must now create an element eligibility link for an Earnings element.While creating the element eligibility link, which three options can be set up in the element eligibility work area? (Choose three.)

• general information
• input values
• costing
• status processing rules
• retroactive components
• auto indirect rules

Your client wants to offer a spot incentive bonus to hourly employees who worked 100 percent of their scheduled shift hours in a three-month period. What type of eligibility profile can you use in this case? (Choose the best answer.)

• Employment-criteria-based eligibility profile
• User-defined-criteria-based eligibility profile
• Derived-factor-based eligibility profile
• Fast-formula-based eligibility profile

Your customer has employees located in four countries (Unites States, Japan, India, and Germany) and each country has a specific salary range. How would you configure the salary bases? (Choose the best answer.)

• Create one salary basis and four different grade rates, and attach the grade rate to the salary basis at the employee level.
• Create four salary bases and one grade rate, and define different ranges for the same grade rate while attaching the grade rate to the salary bases.
• Create four salary bases and four grade rates, and attach the grade rates to the salary bases.
• Create one salary basis and one grade rate, and define different ranges for the salary basis at the employee level.

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.)

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