Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Workforce Rewards Cloud
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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Cloud Overview | - Core Concepts of Workforce Compensation - Key Features and Business Use Cases |
| Reporting and Analytics | - Dashboards and Metrics - Standard Compensation Reports |
| Setup and Configuration | - Basic Compensation Configuration - Enterprise Structures and Security Setup |
| Worksheet Management | - Worksheet Configuration and Fields - Manager and Employee Interaction |
| Implementation and Maintenance | - Deployment Considerations - System Maintenance and Updates |
| Budgeting and Workforce Compensation | - Manager Budget Distribution - Budget Allocation Methods |
| Compensation Plans and Cycles | - Plan Design and Eligibility Rules - Cycle Setup and Administration |
| Approvals and Security | - Role-Based Access Control - Approval Workflow Configuration |
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
What happens if eligibility requirements aredifferent for components than they are for a plan? (Choose the best answer.)
- A. Plan-level eligibility is ignored and a warning is reported.
- B. Component-level eligibility is ignored and a warning is reported.
- C. This is not possible. Component-level eligibility is always identical to plan-level eligibility.
- D. Component-level eligibility isevaluated before plan-level eligibility.
- E. Plan-level eligibility is evaluated before component-level eligibility.
Correct Answer: E 🗳️
An Organization tracks compensation that is not stored in the Benefit Balance, Element Entry, External Data, and Payroll Balance source types. Which three statementsare true about configuring Compensation Items for a Compensation Statement? (Choose three.)
- A. Manager ID can be used as Context when implementing the source type for such Items.
- B. Effective Date can be used as Context when implementing the source type forsuch Items.
- C. Person ID can be used as Context when implementingthe source type for such Items.
- D. Currency can be used as Context when implementing the source type for such Items.
- E. Legislative Data Group ID can be used as Context when implementing the source type for such Items.
Correct Answer: B,D,E 🗳️
A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.
Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage? (Choose the best answer.)
- A. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager
2 will decrease to 8%. - B. No impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
- C. Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
- D. Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager
3 will decrease to 8%.
Correct Answer: D 🗳️
A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses withsimilar or related compensation items.
How will you configure this requirement in the Fusion application? (Choose the best answer.)
- A. Attach performance bonuses to similar compensation items.
- B. Attach performance bonuses to similar sources.
- C. Attach performance bonuses to similar elements.
- D. Attach performance bonuses to similar compensation categories/subcategories.
Correct Answer: D 🗳️
While administering compensation for the workforce, a manger accidentally approves a lower manager's worksheet.
Which three statements will be truein this case? (Choose three.)
- A. The worksheet goes to next level for approval.
- B. The lower-level manager's access level is changed to "Approved."
- C. Lower-level managers can no longer make any updates totheir worksheets.
- D. The lower-level manager can withdraw the submission and reprocess the compensation allocation.
- E. The lower-level manager can still make changes in the worksheet and resubmit it for approval.
Correct Answer: A,B,D 🗳️
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