Question 1

Identify the list builder that is used in the delivered variable allocation task that appears to all allocations. (Choose the best answer.)

Options :

A : Position Hierarchy

B : Dynamic Approval Group

C : Static Approval Group

D : Supervisory Hierarchy

E : Auto Approval

Answer: A

Question 2

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

Options :

A : Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.

B : Override line manager allocations, job changes, and performance ratings.

C : Maintain currency rates and access to plans from the watchlist.

D : Analyze plan results.

E : Run processes to initiate a compensation cycle.

Answer: A,B

Question 3

Which three statements are true about individual compensation plans? (Choose three.)

Options :

A : A user’s ability to access or make updates to awards in individual compensation plans may be restricted by the user’s association to a Legislative Data Group.

B : Individual compensation plans are not necessary for payment of items such as spot bonus.

C : Individual compensation plans are necessary for payment of items such as spot bonus.

D : Workers are individual compensation plans to manage their own contributions to charitable or savings plans.

E : Individual compensation plans define compensation that managers can award to individual workers outside of the regular compensation cycle, such as spot bonus or education reimbursement.

Answer: A,C,D

Question 4

Your customer’s compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs there. Which feature of Oracle Fusion Workforce Compensation can be used to achieve this? (Choose the best answer.)

Options :

A : Budget Pools

B : Plan Eligibility

C : Salary Component

D : Action and Action Reasons

E : Plan Access

Answer: C

Question 5

How can you use an earnings element to manage the calculation and payment of absences? (Choose the best answer.)

Options :

A : Ensure that the input to the salary database item formula from the earnings element processes the absence element as Absence classification because payroll runs do not process elements in the Information or Absence classifications.

B : Define a skip rule for the earnings element that triggers processing when it finds an entry for a non-absence element because payroll runs process elements in the Information or Absence classifications.

C : Define the earnings element as nonrecurring for the absence element because payroll runs do not process nonrecurring elements in the Information or Absence classifications.

D : Define a skip rule for the earnings element that triggers processing when it finds an entry for the absence element because payroll runs do not process elements in the Information or Absence classifications.

Answer: D

Fill Preparation Gaps with Free Online 1Z0-1049-24 Exam Practice

Buying Options: