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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation has set up an individual compensation plan for a contribution. This contribution needs an approval hierarchy to be set up.
Identify the four correct optionsregarding approval setup. (Choose four.)

A) The notifications sent to the approvers can be made actionable.
B) Expiry, Escalation, and renew settings are possible for notifications.
C) Task attachments cannot be sent using email notifications.
D) Approvals can be set up to be completed when one of the approvers takes an action such as Approve or Reject.
E) Reminders can be set for a fixed duration either before expiration or after assignment.

2. Your client has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the three-level manager hierarchy. While setting up the approval hierarchy, the compensation administrator wanted to set up notifications for any errors occurring during the workflow.
Identify the three allowed options needed to set up notifications accordingly. (Choose three.)

A) Individual users
B) Groups
C) Application roles
D) Duty roles

3. What is the relationship between Net Pay and Earnings? (Choose the best answer.)

A) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.
B) Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.
C) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.
D) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.

4. A corporation is implementing Oracle Fusion Workforce Compensation and the new salary basis is being created.
For an hourly paid employee, which option is true regarding the Annualization factor in the salary basis?
(Choose the best answer.)

A) The Annualization factor used in salary basis is only for display purpose. The amount that is paid to the worker is always determined by the pay period on the payroll linked to worker's assignment.
B) For all hourly paid employees, a new salary basis needs to be created and associated that uses a frequency of "Hourly," and the Annualization factor will be the number of hours in a work year.
C) The Annualization factor used in a salary basis is only for display purpose. The amount that is paid to the worker is always determined by the sum ofall the components of the salary basis multiplied by 12.
D) Whether the employee is paid hourly or not, the Annualization factor is the multiplication factor used to convert base pay at the selected frequency to an annualized amount. So any frequency can be used and the corresponding Annualization factor can be determined.

5. A corporation needs to set up a compensation plan for a vehicle allowance that will allow different amounts for different types and models of vehicles.
How can you achieve the desired results? (Choose the best answer.)

A) Configure one compensation plan, add as many options as there are allowed for different types and models. Define eligibility and associate the different payroll elements to all the optionssuch that any payroll element can be associated with only one plan and option.
B) Configure one compensation plan and add as many options as three are allowed for vehicle types and models. Define eligibility and associate the same payroll element to all the options such that an employee can use only one option.
C) Configure as many compensation plans as there are different types and models, because options cannot have associated eligibility profiles, and use the same payroll element for all of them.
D) Configure as many compensation plans as there are allowed types and models of vehicles, because options cannot have eligibility profilesassociated, and use different payroll elements for each of them.

Solutions: