Oracle Compensation Cloud 2021 Implementation Essentials - 1Z0-1049-21 certification

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question 1

Identify the correct option regarding the Payroll element details in the compensation history setup. (Choose the best answer.)

A. Any payroll element can be added and all other details are auto-populated including the history category.
B. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
C. Any payroll element can be added and all other details are auto-populated excluding thehistory category.
D. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.

Question 2

Your client has a requirement where work-at-home assignments are not eligible for an employee compensation revision cycle. To facilitate capturing work-at-home assignment, you have created a custom column and associated a List of Values (LOV) with values "Yes" and "No". Now you wish to create an eligibility profile around this. Which is the correct option? (Choose the best answer.)

A. Derived-factor-based eligibility profile based on the "Work-at-home" column
B. User-defined-criteria-based eligibility profile on "Work-at-home" and value = "Yes" with exclude option deselected
C. User-defined-criteria-based eligibility profile on "Work-at-home" and value = "No" with exclude option selected
D. User-defined-criteria-based eligibility profile on "Work-at-home" and value = "Yes" with exclude option selected

Question 3

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 ofconfiguring 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. Workers in the UK need to refresh their statements in order to see the updated display name.
C. The Compensation Category display name is specific to a Statement Definition.
D. 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.

Question 4

What happens if eligibility requirements aredifferent for components than they are for a plan? (Choose the best answer.)

A. Plan-level eligibility is ignored and a warning is reported.
B. Plan-level eligibility is evaluated before component-level eligibility.
C. Component-level eligibility isevaluated before plan-level eligibility.
D. Component-level eligibility is ignored and a warning is reported.
E. This is not possible. Component-level eligibility is always identical to plan-level eligibility.

Question 5

An Organization tracks compensation that is not stored in the Benefit Balance, Element Entry, External Data, and Payroll Balance source types. Which three statementsare true about configuring Compensation Items for a Compensation Statement? (Choose three.)

A. Legislative Data Group ID can be used as Context when implementing the source type for such Items.
B. Effective Date can be used as Context when implementing the source type forsuch Items.
C. Manager ID can be used as Context when implementing the source type for such Items.
D. Currency can be used as Context when implementing the source type for such Items.
E. Person ID can be used as Context when implementingthe source type for such Items.

Solutions: