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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
B) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager
3 will decrease to 8%.
C) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager
2 will decrease to 8%.
D) No impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.

2. If you enable Performance Ratings and rate workers within WorkforceCompensation, which two statements are true? (Choose two.)

A) The ratings are transferred to the Performance Management system or toHR.
B) These ratings are used across compensation plan and cycles.
C) Managers can rate workers as they allocate compensation.
D) You can display compensation ratings given in the previous plan cycle as a column in the worksheet.

3. 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.)

A) You may have forgotten to save the changes made.
B) You do not have the privileges to change Stock Details.
C) Network connectivity issue may have hindered your data being sent to the server.
D) Another administrator might have accessed these settings after you have saved it.

4. Which three statements are true about payroll deductions? (Choose three.)

A) The rates and rules that are defined on a personal deduction card cannot override the values that are defined in the deduction ranges at the legislative level.
B) A payroll deduction comprises the rates and rules that are used to calculate the deductionamount.
C) Wage basis rules are defined at the personal level and the context value for the rule is captured on the deduction card.
D) The deduction element's status processing rule drivesthe calculation, accessing the rates and rules that are defined for the related payroll deduction and the values that are captured on a personal deduction card.
E) A personal deduction card contains person-specific information that is used to calculate the deduction amount.

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

Solutions: