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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Reporting and Analytics- Dashboards and Metrics
- Standard Compensation Reports
Compensation Plans and Cycles- Cycle Setup and Administration
- Plan Design and Eligibility Rules
Implementation and Maintenance- Deployment Considerations
- System Maintenance and Updates
Budgeting and Workforce Compensation- Budget Allocation Methods
- Manager Budget Distribution
Setup and Configuration- Enterprise Structures and Security Setup
- Basic Compensation Configuration
Approvals and Security- Role-Based Access Control
- Approval Workflow Configuration
Worksheet Management- Worksheet Configuration and Fields
- Manager and Employee Interaction
Compensation Cloud Overview- Key Features and Business Use Cases
- Core Concepts of Workforce Compensation

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question 1

Your customer wants to give its employees a way to donate to charity. This donation could be started anytime in the year and can be updated or stoppedonly during the month of September.
Identify the correct set of plan restriction to achieve the desired results. (Choose the best answer.)

A. The individual compensation plan must be set up with the following restrictions:
New Allocations: Always
Update Allocations: Specific period Sep 1- Sep 30
Withdraw Allocations: Specific period Sep 1 - Sep 30
B. The individual compensation plan must be set up with "NO" for plan access restriction.
C. The individual compensation plan must be set up with the following restrictions:
New Allocations: Always
Update Allocations: Specific period Sep 1-Sep 30
Discontinue Allocations: Specific period Sep 1 - Sep 30
D. The individual compensation plan must be set up with thefollowing restrictions:
Create Allocations: Always
Update Allocations: Specific period Sep 1 - Sep 30
Discontinue Allocations: Specific period Sep 1 - Sep 30


Question 2

A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it. (Choose the best answer.)

A. Set up role-based security to the individual compensationwork area so that only managers are allowed.
B. They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
C. Set up access restrictions to the individual compensation plan using the correct HR action so that it can be added only to the specific roles.
D. Set up a salary basis and restrict the eligibility to the required roles.


Question 3

As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application.
Which option is the correct method to do so? (Choose the best answer.)

A. Manage Stock Grants >> Import Source
B. Manage Stock Grants >> Import Category
C. Manage Stock Grants >> Prepare Import Spreadsheet
D. Manage Stock Grants >> Import Items


Question 4

Your customer wants to limit contributions to a particular individual compensation plan to workers with at leasta year of service. How should you accomplish this? (Choose the best answer.)

A. Create a relevant eligibility profile and associate it with the plan.
B. Create user-defined criteria, and then create the eligibility profile and plan.
C. Create an eligibility profile with the exclude option and associate it with the plan
D. Use a fast formula to restrict access to the plan.
E. Create a derivedfactor, and then create the eligibility profile and plan.


Question 5

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 does not display ineligible workers and managers cannot allocate compensation, promote workers, or rate worker performance.
C. It displays ineligible workers but 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.


Solutions:

Question 1
Answer: A
Question 2
Answer: B
Question 3
Answer: C
Question 4
Answer: A
Question 5
Answer: C

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