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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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 supported and can be configured using Static approval groups. Only after all the approvers approve will the process end.
B) 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.
C) Parallel approvals are not fully supported, but notifications can be sentto all members in parallel using the list builder resource option and configuring Application Role. 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 thenotification.
D) A parallel approval option is not available and any approval configured is always sequential.

2. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)

A) Monetary, Nonmonetary, Timestamp, Text
B) Monetary, Nonmonetary, Date,Boolean
C) Monetary, Timestamp, Boolean
D) Monetary, Nonmonetary, Date, Text

3. A corporation has implemented Oracle Fusion Workforce Compensation and set up an individual compensation plan with the following details.
* Name: Variable component
* Restrict plan access: Yes
* Action: Manage Contributions
* Access Level: New
* Allocations: Always Allow
* Update Allocations: Never Allow
* Discontinue Allocations:"Allowed during a specific period" with the period start and end dates configured.
Identify the correct option for the possible actions. (Choose the best answer.)

A) The contribution will be automatically added to all the employees in the payroll andHR can discontinue allocations on a request basis.
B) All Employees will be able to start the contribution anytime, update never, butdiscontinue during the period defined.
C) The plan setup is always for HR totake actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
D) Only managers will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.

4. You are responsible forconfiguring an individual compensation plan with multiple options. Which two statements are true about the plan options? (Choose two.)

A) You can associate each payroll element with only one plan and option.
B) You can associate each payroll element with multiple plans and options.
C) You can associate each option with only one payroll element and input value.
D) You can associate each payroll element with one option but with multiple plans.
E) You can associate each option with the same payroll element and input value.

5. Your client has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the three-level manager hierarchy. While setting up the approval hierarchy, the compensation administrator wanted to set up notifications for any errors occurring during the workflow.
Identify the three allowed options needed to set up notifications accordingly. (Choose three.)

A) Groups
B) Duty roles
C) Application roles
D) Individual users

Solutions: