Online Access Free 1z0-1049-22 Practice Test

Which item is false regarding plan access? (Choose the best answer.)

• A.A compensation administrator's general access can be overridden using roles.
• B.Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
• C.A compensation administrator's general access cannot be overridden.
• D.Compensation administrators have access to all plan configuration tasks for all plans.

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

You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)

• A.Run processes to initiate a compensation cycle.
• B.Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.
• C.Override line manager allocations, job changes, and performance ratings.
• D.Override line manager allocations, job changes, and performance ratings.
• E.Analyze plan results.
• F.Maintain currency rates and access to plans from the watchlist.

A corporation implemented Oracle Fusion Workforce Compensation. A salary basis has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components? (Choose three.)

• A.Regular and automatic adjustment
• B.Equity adjustment to correct salary compression or inversion
• C.Market adjustment due to salary being out of line with the market
• D.Adjustment due to corrections within the organization

The compensation administrator wants to run Purge Workforce Compensation Data for one of the past compensation plans because the transaction data from that period is not required anymore. However, the compensation administrator does not get the option to include the said plan. What is the reason for this? (Choose the best answer.)

• A.Purge Workforce Compensation Data cannot be run because the Transfer Workforce Compensation Data to HR process has already been run and compensation data transferred to HR.
• B.Purge Workforce Compensation Data can be run only for compensation plans that are valid for the future.
• C.Purge Workforce Compensation Data can be run only for compensation plans with Inactive status.
• D.Purge Workforce Compensation Data can be run only after Back Out Workforce Compensation Data is run with the "Full Back Out" option.