1Z1-1049 by Oracle Valid Free Exam Practice Test

Question 1

When initiating an award, what is correct regarding possible workflow tasks? (Choose the best answer.)

A. You must use VariableAllocationFYITask and not VariableAllocationTask. B. You may use either VariableAllocationTask and VarialbeAllocationFYITask C. You must use VariableAllocationTask and edit the rules if using only for notification. D. You must use VariableAllocationTask and not VariableAllocationFYITask.

Correct Answer: A

Question 2

Your customer must use Grade Ladders to suit the industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)

A. by using LDG-specific Grade Min, Max, and Mid Point rate values B. by associating the Grade Ladders with legal entities C. by using steps and rate values D. by using Min, Max, and Mid Point rate values

Correct Answer: D

Question 3

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

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

Correct Answer: B

Question 4

As a compensation manager, in which four cases would you find an employee newly added to your worksheet? (Choose four.)

A. An employee's data has been corrected by HR and it now satisfies the eligibility criteria. B. A contingent employee becomes a regular employee. C. A loaned employee in your organization returns after assignment completion. D. An employee transfers into your organization. E. An intern in your organization gets his place confirmed as an employee. F. An employee leaves an organization.

Correct Answer: A,B,C,D

Question 5

When compiling Fast Formula, you receive the error message "Database item PER_ASG_ATTRIBUTE3 must have a DEFAULT statement because it was specified that null or not found is allowed." What is the cause of the error? (Choose the best answer.)

A. syntax error B. incorrect operator usage C. uninitialized variable D. misuse of context

Correct Answer: B

Question 6

Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client? (Choose the best answer.)

A. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required. B. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout. C. This is possible only in the on-premises model using customization and is not possible in an Saas instance. Therefore, you would respond accordingly to the client. D. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.

Correct Answer: A

Question 7

Which four tasks are part of Worksheet Configuration Options? (Choose four.)

A. Alerts B. Performance ratings C. Models D. Components E. Plan cycles F. Compensation change statements

Correct Answer: A,B,D,F

Question 8

Identify the four correct options about the summary tables in the compensation history. (Choose four.)

A. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate. B. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year. C. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares. D. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts. E. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.

Correct Answer: A,B,C,D

Question 9

Which statement is true regarding elements? (Choose the best answer.)

A. Elements have possibly multiple primary classifications, possible multiple secondary classifications, and possibly multiple subclassifications. B. Elements have one primary classification, possibly multiple secondary classifications, and possibly multiple subclassifications. C. Elements have one primary classification, one secondary classification, and possibly multiple subclassifications. D. Elements have possibly multiple primary classifications, one secondary classification, and one subclassification. E. Elements have one primary classification, one secondary classification, and one subclassification.

Correct Answer: C

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Question 10

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.)

A. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions. B. 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. C. The Compensation Category display name is specific to a Statement Definition. D. Workers in the UK need to refresh their statements in order to see the updated display name.

Correct Answer: B

Oracle Compensation Cloud 2019 Implementation Essentials - 1Z1-1049 Exam Practice Test