[Nov 24, 2021] 1z0-1049-20 Ultimate Study Guide - TestkingPDF
Ultimate Guide to Prepare 1z0-1049-20 Certification Exam for Workforce Rewards Cloud in 2021
NEW QUESTION 48
You are required to explain to your client the use of Hierarchy design in Compensation Process. Which two Compensation-related activities use Hierarchy? (Choose two.)
- A. Approval routing
- B. Plan access
- C. Sending Compensation alerts
- D. Feedback survey
- E. Allocating budgets
Answer: A,E
NEW QUESTION 49
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. Edit "Statement Definition," make the required corrections, and regenerate the total compensation statements as a newer version.
- B. Start manual changes in each worker's total compensation statement.
- C. Educate the workers that corrections are not possible after the total compensation statements have been generated.
- D. Ignore any corrective action.
Answer: A
NEW QUESTION 50
What happens if you include ineligible workers on the worksheet? (Choose the best answer.)
- A. It displays ineligible workers but managers can allocate compensation, promote workers, and rate worker performance.
- B. It displays ineligible workers but managers cannot allocate compensation, promote workers, or rate worker performance.
- C. It does not display ineligible workers and managers cannot allocate compensation, promote workers, or rate worker performance.
- D. It does not display ineligible workers but managers can allocate compensation, promote workers, or rate worker performance.
Answer: B
NEW QUESTION 51
You are configuring a work-administered individual compensation plan where your workers can enroll in the plan anytime during the year, but can discontinue their contributions only in the month of March each year.
How should you achieve this? (Choose the best answer.)
- A. Make the plan available for all actions in the list with access level for each action Always allowed.
- B. Do not select any additional actions other than Manage Contributions with access level as Create:
Always allowed; Update: Allowed during a specified period; Discontinuing: Never allowed. - C. Do not select any additional actions other than Manage Contributions with access level for each action as Create: Always allowed; Update: Never allowed; Discontinuing: Allowed during a specified period.
- D. Select specific HR actions such as transfer, promotion, and new hire for the plan with access level for each action allowed during a specific period.
Answer: C
NEW QUESTION 52
A corporation is implementing Oracle Fusion Workforce Compensation. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level? (Choose the best answer.)
- A. From the input value of the payroll element
- B. From the Bank account level
- C. From the Legislative Data Group level, because that is the highest level in the hierarchy.
- D. From the Organization payment level, because the compensation is finally paid through this
Answer: C
NEW QUESTION 53
When upper-level managers change the plan access of one or more lower-level managers, they receive a notification informing them about the change in access. Which option do they receive to act on the notification? (Choose the best answer.)
- A. Accept
- B. Reply
- C. Dismiss
- D. Reject
Answer: B
NEW QUESTION 54
If you enable Performance Ratings and rate workers within Workforce Compensation, which two statements are true? (Choose two.)
- A. These ratings are used across compensation plan and cycles.
- B. The ratings are transferred to the Performance Management system or to HR.
- C. You can display compensation ratings given in the previous plan cycle as a column in the worksheet.
- D. Managers can rate workers as they allocate compensation.
Answer: C,D
NEW QUESTION 55
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)
- A. Compensation Item Selection
- B. Compensation Person Selection
- C. Compensation Currency Selection
- D. Compensation amounts Selection
- E. Compensation Organization Selection
Answer: A,D
NEW QUESTION 56
While configuring the Budget page, you are setting the properties of the Job column.
Which two sections are available in the properties for the Job column? (Choose two.)
- A. Legal Employer
- B. General
- C. Default Value
- D. Information
Answer: B,C
NEW QUESTION 57
Which two tasks are performed by compensation managers while determining budgets? (Choose two.)
- A. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.
- B. Manually calculate budget amounts or automatically determine budget amounts by using a model.
- C. Determine budget amounts offline by downloading budget details to a spreadsheet.
- D. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.
Answer: A,D
NEW QUESTION 58
An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them.
Which two statements are true when configuring the items? (Choose two.)
- A. Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
- B. Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.
- C. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
- D. Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
Answer: C,D
NEW QUESTION 59
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. Maintain currency rates and access to plans from the watchlist.
- D. Override line manager allocations, job changes, and performance ratings.
- E. Override line manager allocations, job changes, and performance ratings.
- F. Analyze plan results.
Answer: A,B,D,E
NEW QUESTION 60
As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct? (Choose the best answer.)
- A. You can add items to statement definitions directly.
- B. To include items in statements you must add items to a compensation category.
- C. You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
- D. You can add items to statement definitions directly, and to include items in statements you must add items to a compensation category.
Answer: B
NEW QUESTION 61
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, run the Refresh Workforce Compensation Data process, return the same compensation plan, and then transfer the data to HR.
- B. Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
- C. 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.
- D. Correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and return the same compensation plan.
- E. 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.
Answer: B
NEW QUESTION 62
When a manager clicks the "Prepare in workbook" option, while processing compensation changes, what population would she or he see in the exported Excel spreadsheet? (Choose the best answer.)
- A. Worksheet population
- B. Budget sheet population
- C. Entire organization's population under that manager
- D. The filtered population
- E. Direct Reports
Answer: A
NEW QUESTION 63
Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under one global compensation plan. However, the managers in each country want to administer compensation in their country's respective currency. How would you enable this feature? (Choose the best answer.)
- A. Set the preferred currency in the worksheet.
- B. Display the corporate currency.
- C. Use fast formula to display the employee currency using conversion rates.
- D. Enable Currency Switching.
Answer: D
NEW QUESTION 64
While implementing, you are grouping compensation items and categories for displaying them together.
Therefore, when planning how to group compensation items and categories, you must consider which three options? (Choose three.)
- A. Category Detail
- B. Statement definitions
- C. Contribution Type and Unit of Measure
- D. Level of detail
- E. Compensation Items
- F. Category Type
Answer: C,D,F
Explanation:
Explanation
Group related compensation together into compensation categories for display in total compensation statements. When planning how to group compensation items and categories for display, you must consider the following factors:
* Category type
* Contribution type and unit of measure
* Level of detail
NEW QUESTION 65
What happens if eligibility requirements are different for components than they are for a plan? (Choose the best answer.)
- A. Component-level eligibility is ignored and a warning is reported.
- B. This is not possible. Component-level eligibility is always identical to plan-level eligibility.
- C. Plan-level eligibility is ignored and a warning is reported.
- D. Plan-level eligibility is evaluated before component-level eligibility.
- E. Component-level eligibility is evaluated before plan-level eligibility.
Answer: D
NEW QUESTION 66
Identify the four correct options about the summary tables in the compensation history. (Choose four.)
- A. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
- B. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.
- C. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
- D. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
- E. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
Answer: A,B,D,E
NEW QUESTION 67
As compensation manager, you are generating a total compensation statement for a corporation. Which two options are mandatory to be used as inputs while generating the total compensation statement? (Choose two.)
- A. Statement Period
- B. Legal Employer
- C. Compensation Category
- D. Statement Definition Name
Answer: A,C
NEW QUESTION 68
While configuring the Budget page, you enable the "Compensation Performance Rating" column from which section? (Choose the best answer.)
- A. Worker List
- B. Summary
- C. Detail table
- D. Actions
- E. Information
Answer: C
NEW QUESTION 69
Which three dates are mandatory while creating plan cycles? (Choose three.)
- A. Worksheet Update Period Start Date
- B. Evaluation Period Start Date
- C. Plan Access Start Date
- D. Default Due Date
- E. Performance Rating Date
- F. HR Data Extraction Date
Answer: A,B,C
NEW QUESTION 70
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Workforce Rewards Cloud Fundamentals-1z0-1049-20 Exam-Practice-Dumps: https://www.testkingpdf.com/1z0-1049-20-testking-pdf-torrent.html
