Online Access Free 1Z0-1049 Practice Test

As an implementation consultant, you are required to create an element for capturing the bonus awarded in the compensation cycle. Which two statements are correct regarding the input values of the element created?
(Choose two.)

• A.The automatically created Amount input value is identified as the primary input value.
• B.No additional configuration is required to attach this element to the workforce compensation plan component.
• C.It is possible to link the same element but different input values to different components or options within the same compensation plan.
• D.Element entries are created for all the input values of the element.
• E.You must manually mark the Amount input value as the primary input value in the Special Purpose field.

Identify the delivered workflow task for variable allocation approvals that has no rules. (Choose the best answer.)

• A.VariableContributionTask
• B.VariableAllocationTask
• C.VariableApprovalFYITask
• D.VariableAllocationFYITask
• E.VariableApprovalTask

Performance Ratings are enabled in a compensation plan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)

• A.Create Target Distributions for each of the rating levels.
• B.Populate Rating Categories for all rating levels.
• C.Review points with from and to points entered for the rating level.
• D.Create a Rating Level for the rating model.

Your client wants to offer a spot incentive bonus to hourly employees who worked 100 percent of their scheduled shift hours in a three-month period. What type of eligibility profile can you use in this case?
(Choose the best answer.)

• A.User-defined-criteria-based eligibility profile
• B.Derived-factor-based eligibility profile
• C.Fast-formula-based eligibility profile
• D.Employment-criteria-based eligibility profile

Your client is a consumer goods wholesaler. The client's organization has five departments. While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees in that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department? (Choose the best answer.)

• A.Initiate budgets automatically by using the Start Compensation Cycle process.
• B.Publish the original budgets to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
• C.Request excess budget allocation from the manager above him.
• D.Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.