Free 1Z0-1049-26 Questions for Oracle 1Z0-1049-26 Exam

Question #1

Your customer's Workforce Compensation Plan for Annual Salary Review is set up with the following dates in the Plan Cycle:
Evaluation Period Start Date: 1-Jan-2014
Evaluation Period End Date: 31-Dec-2014
Worksheet Update Period Start Date: 1-Jan-2014
Worksheet Update Period End Date: 31-Dec-2014
HR Data Extraction: 31-Dec-2014
Eligibility Determination Date: 31-Dec-2014
There is a worker with a termination date of 30-Oct-2014. When the Transfer Data to HR process is run, it fails for this worker. What should you do to successfully add the lump sum award element entries and salary adjustments? (Choose the best answer.)

A. The salary adjustment or lumpsum must be manually calculated and added for such workers.

B. The salary adjustment or lumpsum effective date must be later that the worker's payroll last standard process date.

C. The salary adjustment or lumpsum effective date must be earlier than or equal to the worker's termination date.

D. Terminated workers should be excluded from being processed in Workforce Compensation plans.

E. The worker termination date should be changed to reflect the same date as the HR Data Extraction date.

Discussion 0

Correct Answer: C Vote an answer

Question #2

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 a salary basis is only for display purpose. The amount that is paid to the worker is always determined by the sum of all the components of the salary basis multiplied by 12.

B. 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.

C. 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.

D. 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.

Discussion 0

Correct Answer: A Vote an answer

Question #3

As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario? (Choose the best answer.)

A. The item cannot be deleted, because it is attached to a category.

B. More than one administrator might be using the item and, therefore, it cannot be deleted.

C. Before deleting the item, you must configure a zero value behavior for the item.

D. The above scenario does not stand true as the item can be deleted.

Discussion 0

Correct Answer: B Vote an answer

Question #4

What happens if eligibility requirements are different for components than they are for a plan? (Choose the best answer.)

A. Plan-level eligibility is ignored and a warning is reported.

B. Plan-level eligibility is evaluated before component-level eligibility.

C. Component-level eligibility is ignored and a warning is reported.

D. This is not possible. Component-level eligibility is always identical to plan-level eligibility.

E. Component-level eligibility is evaluated before plan-level eligibility.

Discussion 0

Correct Answer: B Vote an answer

Question #5

As compensation administrator, you are required to show "Actual amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created? (Choose the best answer.)

A. Compensation Source

B. Compensation Statement Definition

C. Compensation Item

D. Compensation Category

Discussion 0

Correct Answer: A Vote an answer

Question #6

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

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

C. You do not have the privileges to change Stock Details.

D. You may have forgotten to save the changes made.

Discussion 0

Correct Answer: A Vote an answer

Question #7

As an implementation consultant, you are required to create an element that is applicable only to a set of employees who are in the Production department and who are on weekly payrolls.
What is the correct configuration to meet this requirement? (Choose the best answer.)

A. Create Element Eligibility with the Grade and Position parameters.

B. Create Element Eligibility with the department and specific payroll parameters.

C. Create an element without defining Element Eligibility.

D. Create Element Eligibility with the Legal Employer and Payroll Statutory Unit parameters.

Discussion 0

Correct Answer: D Vote an answer

Question #8

When a manager clicks the "Prepare in workbook" option, while processing compensation changes, what population would she or he see in the exported Excel spreadsheet? (Choose the best answer.)

A. Entire organization's population under that manager

B. Worksheet population

C. Direct Reports

D. Budget sheet population

E. The filtered population

Discussion 0

Correct Answer: B Vote an answer

Question #9

While configuring the Budget page, you are setting the properties of the Job column.
Which two sections are available in the properties for the Job column? (Choose two.)

A. Default Value

B. Information

C. General

D. Legal Employer

Discussion 0

Correct Answer: A,C Vote an answer

Question #10

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.)

A. 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.

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

C. 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.

D. Multiple payroll elements can be attached a salary basis.

Discussion 0

Correct Answer: C Vote an answer

Question #11

As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement is true about selecting the rules for the element's entry value? (Choose the best answer.)

A. An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.

B. An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.

C. An element with the Automatic Entry option selected cannot allow multiple entries in the same period.

D. An element with the Automatic Entry option selected can allow multiple entries in the same period.

Discussion 0

Correct Answer: C Vote an answer

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