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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. As compensation administrator, you are required to show "Actual amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created? (Choose the best answer.)

A) Compensation Item
B) Compensation Category
C) Compensation Source
D) Compensation Statement Definition

2. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions? (Choose three.)

A) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
B) Edits to compensation categories affect all statement definitions that use that category.
C) The statement definition consists of compensation items added to compensation categories.
D) The statement definition acts as a template and determines the layout and content of the generated statement.
E) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
F) Compensation items with sources belonging to different legal employers cannot be added.

3. 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) Salary Component
B) Plan Access
C) Plan Eligibility
D) Budget Pools
E) Action and Action Reasons

4. During the compensation review cycle, which two actions occur when a manager is allocated a zero or null budget? (Choose two.)

A) The manager does not have access to the plan.
B) The available budget becomes negative when the manager makes allocations.
C) The manager will have read-only access.
D) The manager can manually allocate some budget for his team.

5. A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up the Deductions options.
If Deduction cards are supported at multiple levels, which task in the Setup and Maintenance Work area is used to create deduction card overrides at the Payroll Statutory Unit level? (Choose the best answer.)

A) Manage Legal Entity DeductionRecords
B) Manage Legal Reporting Unit Deduction Records
C) Manage Personal Deductions
D) Manage Payroll Deductions

Solutions: