Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Workforce Rewards Cloud
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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Analytics and Reporting | - Reporting and Analysis
|
| Workforce Compensation Processing | - Compensation Cycle Management
|
| Base Pay | - Salary Administration
|
| Compensation Statements | - Statement Configuration
|
| Workforce Compensation Plans | - Plan Configuration
|
| Compensation Foundation | - Compensation Components Setup
|
| Individual Compensation | - Awards and Compensation Management
|
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct? (Choose the best answer.)
- A. You can add items to statement definitions directly, and to include items in statements you must add items to a compensation category.
- B. You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
- C. To include items instatements you must add items to a compensation category.
- D. You can add items to statement definitions directly.
Correct Answer: C 🗳️
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 Personal Deductions
- C. Manage Payroll Deductions
- D. Manage Legal Reporting Unit Deduction Records
Correct Answer: D 🗳️
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What is the relationship between Net Pay and Earnings? (Choose the best answer.)
- A. Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.
- B. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.
- C. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated 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.
Correct Answer: C 🗳️
You are configuring approvals under the Worksheets task list for an annual workforce compensation plan.
Your customer wants the worksheets to be approved by different people other than the hierarchy determined for the plan.
How should you accomplish this? (Choose the best answer.)
- A. Create an alternate manager approval hierarchy and replace the plan hierarchy with the created alternate hierarchy.
- B. Create an alternate position approval hierarchy that overrides the plan hierarchy.
- C. Have the customer change the business process because you cannot have different approval hierarchies for the plan and the worksheet.
- D. Create an alternate manager approval hierarchy that overrides the plan hierarchy.
Correct Answer: B 🗳️
A corporation has implemented Oracle Fusion Workforce Compensation. The consultant creates multiple elements to meet the business requirements.
Which three statements will help him to make a decision about the element classification? (Choosethree.)
- A. Predefined primary classifications cannot be removed or changed.
- B. Primary classifications are provided mainly to reflect tax legislation.
- C. Elements can have multiple primary and multiple secondary classifications.
- D. Predefined secondary classifications can be removed or changed.
- E. Secondary classifications are subsets of the primary classifications.
Correct Answer: A,B,E 🗳️
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