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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Foundation | - Compensation Components Setup
|
| Topic 2: Workforce Compensation Processing | - Compensation Cycle Management
|
| Topic 3: Workforce Compensation Plans | - Plan Configuration
|
| Topic 4: Base Pay | - Salary Administration
|
| Topic 5: Compensation Analytics and Reporting | - Audit and Monitoring - Workforce Compensation Reports - Compensation Analytics |
| Topic 6: Individual Compensation | - Awards and Compensation Management
|
| Topic 7: Elements, Balances, and Formulas | - Define Elements - Manage Balances - Write Fast Formulas |
| Topic 8: Total Compensation Statements | - Statement Configuration
|
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
You canuse predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available? (Choose four.)
- A. Worker was terminated
- B. Grade changed in HR
- C. Job changedin HR
- D. Salary changed in HR
- E. Allocation outside target range
- F. Worker is on long-term leave
Correct Answer: A,B,D,E 🗳️
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 must use VariableAllocationTaskand not VariableAllocationFYITask.
- C. You may use either VariableAllocationTask and VarialbeAllocationFYITask
- D. You must use VariableAllocationTask and edit the rules if using only for notification.
Correct Answer: A 🗳️
Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track workexperience of people? (Choose the best answer.)
- A. User-defined-criteria-based eligibility profile using hire date
- B. Employment-based eligibility criteria suing hire date
- C. Derived -factor-based eligibility criteria using length of service
- D. Employment-based-eligibility-criteria using length of service
Correct Answer: D 🗳️
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.)
- A. Duty roles
- B. Individual users
- C. Groups
- D. Application roles
Correct Answer: A,C,D 🗳️
As an implementation consultant, you want to override the currency on the item definition. The United States Dollar currency iscurrently specified on it. This needs to be overridden to the Indian Rupee. What are the two approaches that you should use to override the currency of the compensation item from the United States Dollar to the Indian Rupee? (Choose two.)
- A. Define a formula that retrieves compensation and specifies currency as the Indian Rupee.
- B. Define a Category that includes the item and has currency defined as the IndianRupee.
- C. Define a Compensation Statement Definition that includes the item and has currency defined as the Indian Rupee.
- D. Define the source type as Benefit Balance, which has currency specified in the Indian Rupee.
Correct Answer: D 🗳️
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