Get Ready to Pass the 1Z0-1049-26 exam Right Now Using Our Oracle Cloud Exam Package [Q34-Q58]

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Get Ready to Pass the 1Z0-1049-26 exam Right Now Using Our Oracle Cloud Exam Package

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Oracle 1Z0-1049-26 Exam Syllabus Topics:

Section	Objectives
Topic 1: Security and Administration	– Roles and data security for compensation – Access and approval flows
Topic 2: Base Compensation Configuration	– Grade, grade step, and salary structure configuration – Salary basis setup
Topic 3: Elements and Compensation Basics	– Earnings and deductions setup – Element configuration and usage in compensation plans
Topic 4: Workforce Compensation Implementation	– Compensation plans setup – Eligibility and workforce rules
Topic 5: Total Compensation Configuration	– Budgeting and allocation rules – Compensation statements setup

QUESTION 34
A compensation manager of a corporation is setting up a new salary basis for the employees.
Which statement is true about payroll elements set up for a salary basis? (Choose the best answer.)

Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.

Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.

Multiple payroll elements can be attached a salary basis.

Payroll elements of any classification type can be attached to a salary basis.

QUESTION 35
After the compensation plan was configured, the Validate Plan Setup process was run successfully with no warnings or errors. However, when the worksheet is accessed by a Line Manager, the Line Manager notices that employees who are ineligible are also visible in the worksheet despite running the Validate Plan Setup process.
What is the reason for this? (Choose the best answer.)

The Validate Plan Setup process does not validate eligibility profiles.

The compensation administrator did not run the Validate Plan Setup process and run the Start Compensation Cycle process instead.

The Validate Plan Setup process failed to report errors from the eligibility profiles.

The Validate Plan Setup process showed a warning about errors on the eligibility profiles, which was ignored by the compensation administrator.

QUESTION 36
A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up compensation history.
Identify the three correct options regarding the various compensations shown in the history. (Choose three.)

Compensation history displays six categories of compensation.

Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.

Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.

The summary in the compensation history shows the data for only five years.

QUESTION 37
Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client? (Choose the best answer.)

Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.

Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.

Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.

This is possible only in the on-premises model using customization and is not possible in an Saas instance. Therefore, you would respond accordingly to the client.

QUESTION 38
What is the maximum number and kind of items that you can add when defining a custom category? (Choose the best answer.)

three custom columns

five custom columns

three items

three subcategories

QUESTION 39
An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them.
Which two statements are true when configuring the items? (Choose two.)

Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.

Formula will require you to specify the Legislative Data Group as the Additional Data Entry.

Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

QUESTION 40
Which two methods can be used by the compensation administrator to publish budgets? (Choose two.)

Publish budgets manually.

Copy budget amounts from a previous cycle.

Use a model to distribute budgets.

Publish budgets automatically by running the Build Model process.

QUESTION 41
A corporation is implementing Oracle Fusion Workforce Compensation and must set up compensation history. Identify the three correct options regarding the salary component. (Choose three.)

The base rate shown in the salary section is the most recent pay rate.

The base rate shown in the salary section is the average of the pay rate for the entire year.

The growth rate shown in the details shows both cumulative and average annual salary growth rates.

The base rate shown in the previous years is the pay rate on 31 December of each year.

QUESTION 42
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.)

Individual users

Groups

Application roles

Duty roles

QUESTION 43
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement? (Choose four.)

Element Entry

Benefit Balance

Formula

Payroll Balance

Deduction Range

Input Value

QUESTION 44
Which two tasks are performed by compensation managers while determining budgets? (Choose two.)

Manually calculate budget amounts or automatically determine budget amounts by using a model.

With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.

Determine budget amounts offline by downloading budget details to a spreadsheet.

Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.

QUESTION 45
As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct? (Choose the best answer.)

You can add items to statement definitions directly.

To include items in statements you must add items to a compensation category.

You cannot add items to statement definitions directly, and you cannot add items to a compensation category.

You can add items to statement definitions directly, and to include items in statements you must add items to a compensation category.

QUESTION 46
What additional action would you recommend to your customer for worker-administered plans to control plan availability in addition to HR actions? (Choose the best answer.)

Manage Individual Contribution

Manage Contributions

Manage Variable Allocations

Manage Worker Contributions

Allocate Workforce Compensation

QUESTION 47
Identify three event-driven configurations that can be changed for the delivered variable allocation approval tasks as per business requirements. (Choose three.)

Assignment and Routing Policies

Escalation and Expiration Policies

Approval and Rejection Policies

Notification Settings

Data Driven Routing

QUESTION 48
While you are setting up Stock Details, you notice that the details you entered are different from the ones showing up in system.
What could have been the possible reasons for this? (Choose the best answer.)

You may have forgotten to save the changes made.

Another administrator might have accessed these settings after you have saved it.

Network connectivity issue may have hindered your data being sent to the server.

You do not have the privileges to change Stock Details.

QUESTION 49
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 options regarding approval setup. (Choose four.)

Approvals can be set up to be completed when one of the approvers takes an action such as Approve or Reject.

The notifications sent to the approvers can be made actionable.

Expiry, Escalation, and renew settings are possible for notifications.

Reminders can be set for a fixed duration either before expiration or after assignment.

Task attachments cannot be sent using email notifications.

QUESTION 50
Identify the delivered workflow task for variable allocation approvals that has no rules. (Choose the best answer.)

VariableAllocationTask

VariableApprovalTask

VariableAllocationFYITask

VariableApprovalFYITask

VariableContributionTask

QUESTION 51
The compensation plan that is implemented for your customer has a column that defaults based on a dynamic column. However, as per the customer’s requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the “Refresh Data” process is run. How can a compensation administrator achieve this? (Choose the best answer.)

by setting up the properties of the column as updatable only once

by deselecting the Refresh Data triggering event in the dynamic column

by deselecting the Start Compensation Cycle triggering event in the dynamic column

by deselecting the Change Worksheet Data triggering event in the dynamic column

QUESTION 52
Which item is false regarding plan access? (Choose the best answer.)

Compensation administrators have access to all plan configuration tasks for all plans.

Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.

A compensation administrator’s general access cannot be overridden.

A compensation administrator’s general access can be overridden using roles.

QUESTION 53
A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup. (Choose two.)

Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.

Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis.

Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.

Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.

QUESTION 54
A corporation has implemented Oracle Fusion Workforce Compensation. The requirement is that Bonus Amount should be given only to the Full-Time Assignment category employees who work on weekly payroll. Additionally, the costing information must be transferred to General Ledger.
Which implementation approach is correct for creating the required element? (Choose the best answer.)

creating an input value and setting up costing information at the input value level

creating status processing rules and setting up costing information at the status processing level

creating an element eligibility link and setting up costing information at the link level

creating an auto-indirect rule and setting up costing information at the auto-indirect level

QUESTION 55
Identify the list builder that is used in the delivered variable allocation task that appears to all allocations. (Choose the best answer.)

Position Hierarchy

Dynamic Approval Group

Static Approval Group

Supervisory Hierarchy

Auto Approval

QUESTION 56
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up Calculation Factors for the deduction elements setup.
Which two statements are correct regarding the Calculation Factors? (Choose two.)

Calculation Factors indicate which deduction range to use when calculating the deduction amount.

The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.

Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.

The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.

QUESTION 57
A corporation implemented Oracle Fusion Core HR on a three-tier model with Multiple Employment Terms with Multiple Assignments as the employment model. An employee of the corporation has multiple assignments and multiple employment terms on different payroll frequencies.
What kind of salary basis must be associated with the employee? (Choose the best answer.)

A different salary basis associated with each assignment or employment term.

One salary basis for all assignments and employment terms

One salary basis for each assignment and one of them can be used for the employment terms

One salary basis for each employment terms and one of them can be used for assignment

QUESTION 58
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 while configuring salary basis comes from which level? (Choose the best answer.)

From the input value of the payroll element

From the Legislative Data Group level, because that is the highest level in the hierarchy.

From the Organization payment level, because the compensation is finally paid through this

From the Bank account level

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Oracle 1Z0-1049-26 Exam Syllabus Topics:

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