Question 1

A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up compensationhistory.Identify the three correct options regarding the various compensations shown in the history. (Choose three.)

Options :

A : Compensation history displays six categories of compensation.

B : Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.

C : Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.

D : The summary in the compensation history shows the data for only five years.

Answer: B,C,D

Question 2

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

Options :

A : The manager can manually allocate some budget for his team.

B : The manager does not have access to the plan.

C : The manager will have read-only access.

D : The available budget becomes negative when the manager makes allocations.

Answer: A,C

Question 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.)

Options :

A : If user access should be based on career levels or earnings thresholds

B : If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle

C : if there should be a “white list” name criteria for access to the plan

D : if plan access should be related to HR actions

E : if there should be a time period in which a user can create, update, or discontinue allocations or contributions

F : whether or not to restrict access to the plan at all

Answer: A,D

Question 4

Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

Options :

A : Compensation Currency Selection

B : Compensation Organization Selection

C : Compensation Item Selection

D : Compensation Person Selection

E : Compensation amounts Selection

Answer: A,C

Question 5

Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonuses are awarded by using element entries.How would you configure the Compensation Statement? (Choose the best answer.)

Options :

A : Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Item.

B : Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items

C : Create one Compensation Category as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Category.

D : Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective Elements with the respective Categories.

Answer: B

Confidently Practice Online with Free 1Z0-1049-26 Exam Cram

Buying Options: