Online Access Free 1z0-1049-22 Practice Test

What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)

• A.Multiple components cannot have a single budget.
• B.Budgets cannot be separate for each component.
• C.Multiple components can have a single budget.
• D.Budgets can be separate for each component.

A corporation has implemented Oracle Fusion Workforce Compensation. The requirement is that Bonus Amount should be given only to the Full-Time Assignment category employees who work on weekly payroll. Additionally, the costing information must be transferred to General Ledger.
Which implementation approach is correct for creating the required element? (Choose the best answer.)

• A.creating an element eligibility link and setting up costing information at the link level
• B.creating an auto-indirect rule and setting up costing information at the auto-indirect level
• C.creating status processing rules and setting up costing information at the status processing level
• D.creating an input value and setting up costing information at the input value level

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 and HR can discontinue allocations on a request basis.
• B.All Employees will be able to start the contribution anytime, update never, but discontinue during the period defined.
• C.The plan setup is always for HR to take 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.

A corporation has generated total compensation statements and all workers received their total compensation statements. As a compensation executive, you realize that some corrections are needed in the generated statements.
Which corrective action will you take? (Choose the best answer.)

• A.Ignore any corrective action.
• B.Educate the workers that corrections are not possible after the total compensation statements have been generated.
• C.Start manual changes in each worker's total compensation statement.
• D.Edit "Statement Definition," make the required corrections, and regenerate the total compensation statements as a newer version.

The compensation administrator has configured an Annual Salary Review plan that is linked to the performance of employees so that the annual increment amount is based on the rating that an employee has received in the performance evaluation. The percentages are fixed for each of the ratings by using the dynamic column. All the managers have completed updating the worksheet and the information has been transferred to HR by running the Transfer Workforce Compensation Data to HR process.
After this, the compensation administrator realizes that the increment percentages for each of the ratings used in the dynamic column were incorrect. Now each of these incorrect salary records should be deleted and new correct salary record entries should be made for the employees in Manage Salary.
How should you accomplish this? (Choose the best answer.)

• A.Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan.
• B.Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan. Finally transfer the data to HR.
• C.Correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and return the same compensation plan.
• D.Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
• E.Run the Back Out Workforce Compensation Data process, run the Refresh Workforce Compensation Data process, return the same compensation plan, and then transfer the data to HR.