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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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.

2. Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

A) Compensation Person Selection
B) Compensation amounts Selection
C) Compensation CurrencySelection
D) Compensation Organization Selection
E) Compensation Item Selection

3. 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 whileconfiguring salary basis comes from which level? (Choose the best answer.)

A) From the Organization payment level,because the compensation is finally paid through this
B) From the Legislative Data Group level, because that is the highest level in the hierarchy.
C) From the Bank account level
D) From the input value of the payroll element

4. Yourcustomer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)

A) the date that statements become available toworkers
B) the date when merit increases are awarded to workers
C) an optional welcome message
D) the conversion rate date for currency conversions
E) the date when bonus is awarded to workers

5. You create a compensation plan and attach a Compensation Performance rating model to it. While themanager is allocating compensation, he specifies a rating for each of the employees under him. Where will the rating specified by the manager be available? (Choose the best answer.)

A) To the current compensation plan and the Performance Management system
B) To the current compensation plan and HR system
C) Only within the current compensation plan and all cycles associated with it
D) Only within the current compensation plan and the current cycle

Solutions: