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NEW QUESTION 1
What is the relationship between Net Pay and Earnings? (Choose the best answer.)

  • A. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.
  • B. Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.
  • C. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.
  • D. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.

Answer: A

NEW QUESTION 2
When upper-level managers change the plan access of one or more lower-level managers, they receive a notification informing them about the change in access. Which option do they receive to act on the notification? (Choose the best answer.)

  • A. Accept
  • B. Reject
  • C. Dismiss
  • D. Reply

Answer: D

NEW QUESTION 3
You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

  • A. The task is only for notification and has no rules.
  • B. The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.
  • C. The task applies to selected allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.
  • D. The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.

Answer: C

NEW QUESTION 4
You want to use the Workforce Compensation Budget pool for a workforce compensation plan. Select the tasks to be performed, in the correct sequence. (Choose the best answer.)

  • A. Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
  • B. Create the workforce compensation plan, Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process
  • C. Create the workforce compensation plan, Configure the workforce compensation plan details, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
  • D. Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details, Run the Start Compensation Cycle process.
  • E. Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details.

Answer: C

NEW QUESTION 5
A corporation is implementing Oracle Fusion Workforce Compensation and has set up an individual compensation plan for a contribution. This contribution has to be approved by the four members in parallel.
Identify the correct option regarding parallel approvals. (Choose the best answer.)

  • A. Parallel approvals are not fully supported, but notifications can be sent to all members in parallel using the list builder resource option and configuring Application Rol
  • B. However, the first person who claims the notification can approve it, and this ends the process and the other members lose control over the approval of the notification.
  • C. Parallel approvals are supported by configuring the Application role option in the Resource list builder.Only after all the approvers approve will the process end.
  • D. Parallel approvals are supported and can be configured using Static approval group
  • E. Only after all the approvers approve will the process end.
  • F. A parallel approval option is not available and any approval configured is always sequential.

Answer: C

NEW QUESTION 6
As an implementation consultant, you have defined a total compensation statement. From a security perspective, you are required to identify a key user who will have access to view the total compensation statement.
Which role is mandatory to view the compensation statement? (Choose the best answer.)

  • A. Compensation Analyst
  • B. Compensation Executive
  • C. Compensation Specialist
  • D. Compensation Manager

Answer: A

NEW QUESTION 7
You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)

  • A. Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.
  • B. Override line manager allocations, job changes, and performance ratings.
  • C. Maintain currency rates and access to plans from the watchlist.
  • D. Override line manager allocations, job changes, and performance ratings.
  • E. Analyze plan results.
  • F. Run processes to initiate a compensation cycle.

Answer: ABDF

NEW QUESTION 8
Which three tasks are part of Plan Foundation Configuration Options? (Choose three.)

  • A. Components
  • B. Plan Currency
  • C. Plan Access
  • D. Alerts
  • E. Feedback Survey

Answer: ABC

NEW QUESTION 9
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. Sub-classifications provide a way to feed elements.
  • B. Once a sub-classification is associated with a classification, it cannot be associated with another classification.
  • C. A sub-classification name cannot be reused under a different primary classification.
  • D. Elements can have only one sub-classification.

Answer: B

NEW QUESTION 10
A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. As an implementation consultant, you are required to set up the Deduction elements to capture the employee’s personal contributions.
Which four can be categorized as Deduction components corresponding to payroll deduction elements? (Choose four.)

  • A. Wage basis rules
  • B. References for calculation factors
  • C. Deduction group
  • D. Elements
  • E. Input values
  • F. Flat amount
  • G. Balance feeds

Answer: ABCD

NEW QUESTION 11
You are an implementation consultant, and the client organization wants you to provide a solution for how not to display the welcome message in the total compensation statement.
What will your answer in this situation be? (Choose the best answer.)

  • A. Changing the welcome message is not possible.
  • B. Edit the “Do not display Welcome message” option in “Statement Definition.”
  • C. Edit the “Do not display Welcome message” option in “Compensation Item.”
  • D. Edit the “Do not display Welcome message” option in “Compensation Category.”

Answer: B

NEW QUESTION 12
A corporation has implemented Oracle Fusion Workforce Compensation. Per business requirements, the Fusion consultant must integrate Oracle Fusion Workforce Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of an employee for the compensation process.
Identify the option that will enable fetching of the Benefits Amount value. (Choose the best answer.)

  • A. Select the “Allow User Entry” and “Create a Database Item” check boxes for the element input value.
  • B. Database items are created by default for the element input values.
  • C. Select “Pay Separately” as the “Special Purpose” option.
  • D. Create an “Amount” input value at the element eligibility link level.

Answer: A

NEW QUESTION 13
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 Category display name is specific to a Statement Definition.
  • B. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
  • C. 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.
  • D. Workers in the UK need to refresh their statements in order to see the updated display name.

Answer: C

NEW QUESTION 14
While implementing, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options? (Choose three.)

  • A. Category Type
  • B. Contribution Type and Unit of Measure
  • C. Level of detail
  • D. Statement definitions
  • E. Compensation Items
  • F. Category Detail

Answer: ABC

Explanation:
Group related compensation together into compensation categories for display in total compensation statements. When planning how to group compensation items and categories for display, you must consider the following factors:
1Z0-1049 dumps exhibit Category type
1Z0-1049 dumps exhibit Contribution type and unit of measure
1Z0-1049 dumps exhibit Level of detail

NEW QUESTION 15
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.)

  • A. Line Manager
  • B. Compensation Manager
  • C. HR Specialist
  • D. Expenses Manager

Answer: ABC

NEW QUESTION 16
Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y. On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1 October 2014. The employee record set up in the plan setting is “Employment terms,” while the Legal Employer of Employee X uses a two-tier model.
On which manager’s worksheet does Employee X appear? (Choose the best answer.)

  • A. Manager Y, because this is the original manager of Employee X.
  • B. Manager Z, because this is the current manager to whom Employee X is reporting.
  • C. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle.
  • D. Employee X does not appear on any manager’s sheet, because he will not be evaluated by the compensation plan.

Answer: D

NEW QUESTION 17
Identify the delivered workflow task for variable allocation approvals that has no rules. (Choose the best answer.)

  • A. VariableAllocationTask
  • B. VariableApprovalTask
  • C. VariableAllocationFYITask
  • D. VariableApprovalFYITask
  • E. VariableContributionTask

Answer: D

Explanation:
None of the FYI approval workflow tasks have rules. The non-FYI workflow tasks are configured such that if the rule applies, then the notification is routed using the Supervisory list builder and response is required.

NEW QUESTION 18
Identify three correct statements about changes in an employee’s compensation when the employee’s FTE value changes in employment. (Choose three.)

  • A. If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
  • B. If the salary record end date is 31-DEC-4712 (that is, the date is “blank” in the salary UI), the FTE value is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value.
  • C. If the salary start date is after the current date (that is, it is a future-dated salary record), the FTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value.
  • D. If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
  • E. If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.

Answer: B

NEW QUESTION 19
Your client is a consumer goods wholesaler. The client’s organization has five departments. While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees in that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department? (Choose the best answer.)

  • A. Publish the original budgets to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
  • B. Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
  • C. Initiate budgets automatically by using the Start Compensation Cycle process.
  • D. Request excess budget allocation from the manager above him.

Answer: A

NEW QUESTION 20
While working on the compensation changes in an Excel workbook, a manger selects the Upload option and then tries to immediately download the uploaded data. As a consultant, you advise him not to do so because of which reason? (Choose the best answer.)

  • A. This action causes the committed data to roll back, thereby revoking the changes processed.
  • B. This action causes the committed data to download immediately, thereby obscuring the error messages.
  • C. The data uploaded takes some time to be processed by the server and, therefore, when download is clicked immediately, it might still show the older data.
  • D. When the Upload button is clicked, the data is loaded to a staging table and an upload process is triggere
  • E. This process has to complete successfully before the new data can be downloaded.

Answer: D

NEW QUESTION 21
A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up the following for all employees:
1Z0-1049 dumps exhibit Salary paid based on the grades of employees.
1Z0-1049 dumps exhibit Car allowance paid based on the department and position.
1Z0-1049 dumps exhibit Spot bonus paid based on a committee’s decision.
Identify the correct option for the setup. (Choose the best answer.)

  • A. Set up a salary basis for “Salary” and associate a grade rate matrix and the payroll element to i
  • B. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectivel
  • C. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
  • D. Set up a salary basis for “Salary” and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salar
  • E. Attach the required payroll elements to the salar
  • F. Have salary validations to restrict access and payment for specific departments and positions.
  • G. Set up on individual compensation plan with all three option
  • H. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
  • I. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restriction
  • J. Set up the car allowance as an individual compensation pla
  • K. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.

Answer: D

NEW QUESTION 22
How can you use an earnings element to manage the calculation and payment of absences? (Choose the best answer.)

  • A. Ensure that the input to the salary database item formula from the earnings element processes the absence element as Absence classification because payroll runs do not process elements in the Information or Absence classifications.
  • B. Define a skip rule for the earnings element that triggers processing when it finds an entry for a non-absence element because payroll runs process elements in the Information or Absence classifications.
  • C. Define the earnings element as nonrecurring for the absence element because payroll runs do not process nonrecurring elements in the Information or Absence classifications.
  • D. Define a skip rule for the earnings element that triggers processing when it finds an entry for the absence element because payroll runs do not process elements in the Information or Absence classifications.

Answer: D

NEW QUESTION 23
Your customer’s compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs there. Which feature of Oracle Fusion Workforce Compensation can be used to achieve this? (Choose the best answer.)

  • A. Budget Pools
  • B. Plan Eligibility
  • C. Salary Component
  • D. Action and Action Reasons
  • E. Plan Access

Answer: C

NEW QUESTION 24
Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)

  • A. Dates
  • B. Monetary Values
  • C. more than one nonmonetary unit of measure
  • D. Non Monetary Values
  • E. Text

Answer: ADE

NEW QUESTION 25
......

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