Oracle Compensation Cloud 2021 Implementation Essentials

QUESTION NO: 1
The compensation administrator wants to run the batch process to administer the compensation cycle. Which are the four valid batch processes in terms of the compensation module? (Choose four.)

A. Refresh Workforce Compensation Data B. Adjust Workforce Compensation Enrollment Window C. Start Workforce Compensation Cycle D. Evaluate Workforce Compensation Participation E. Back Out Workforce Compensation Data F. Transfer Workforce Compensation Data to HR

Correct Answer: A,C,E,F

QUESTION NO: 2
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. A sub-classification name cannot be reused under a different primary classification. B. Once a sub-classification is associated with a classification, it cannot be associated with another classification. C. Sub-classifications provide a way to feed elements. D. Elements can have only one sub-classification.

Correct Answer: B

QUESTION NO: 3
Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user's ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)

A. whether or not to restrict access to the plan at all B. If user access should be based on career levels or earnings thresholds C. if there should be a time period in which a user can create, update, or discontinue allocations or contributions D. if planaccess should be related to HR actions E. if there should be a "white list" name criteria for access to the plan F. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle

Correct Answer: A,C,D

QUESTION NO: 4
An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator accessto complete the process. (Choose the best answer.)

A. Line Manager B. Compensation Manager C. Compensation Administrator D. HR Specialist

Correct Answer: A

QUESTION NO: 5
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement? (Choose four.)

A. Payroll Balance B. Deduction Range C. Input Value D. Benefit Balance E. Formula F. Element Entry

Correct Answer: A,D,E,F

QUESTION NO: 6
Identify the list builder that is used in the delivered variable allocation task that appears to all allocations.
(Choose the best answer.)

A. Position Hierarchy B. Dynamic Approval Group C. Static Approval Group D. Supervisory Hierarchy E. Auto Approval

Correct Answer: A

QUESTION NO: 7
Which three statements are true regarding plan cycles? (Choose three.)

A. You can display a target amount or custom score from a previous plan cycle in the current plan cycle. B. Active plans are available to be cross-referenced, except plans with no started cycles. C. You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle. D. All active plans are available to be cross-referenced, even plans with no started cycles. E. You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.

Correct Answer: A,C,D

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QUESTION NO: 8
Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under one global compensation plan. However, the managers in each country want to administer compensation in their country's respective currency. How would you enable this feature?(Choose the best answer.)

A. Set the preferred currency in the worksheet. B. Display the corporate currency. C. Use fast formula to display the employee currency using conversion rates. D. Enable Currency Switching.

Correct Answer: D

QUESTION NO: 9
Your customer wants line managers to be able to access the active workforce compensation plan during the first three months of the Plan period, but not to update it. The evaluation period start and end dates for the plan areJanuary 1 to December 31 of the year.
How should you set this up? (Choose the best answer.)

A. Configure Plan access start and end dates from January 1 to March 31 of the year and Worksheet update period start and end dates from April 1 to December 31 ofthe year. B. Configure Worksheet update period start and end dates from January 1 to December 31 of the year. C. Configure Plan access start and end dates from January 1 to December31 of the year. D. Configure Worksheet update period start and end dates from January 1 to March 31 of the year and Plan access start and end dates from April 1 to December 31 of the year.

Correct Answer: A

Oracle Compensation Cloud 2021 Implementation Essentials - 1Z0-1049-21 Exam Questions