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

2. Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1 October
2014. The employee record set up in the plan setting is "Employment terms," while the Legal Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear? (Choose the best answer.)

A) Manager Y, because this is the original manager of Employee X.
B) Employee X does not appear on any manager's sheet, because he will not be evaluated by thecompensation plan.
C) Manager Z, because this is the current manager to whom Employee X is reporting.
D) Both Manager Y and Manager Z, because he has worked under both of them during the current cycle.

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

A) Use a model to distribute budgets.
B) Publish budgets manually.
C) Copy budget amounts from a previous cycle.
D) Publish budgets automatically by running the Build Model process.

4. A corporation has generated total compensation statements and allworkers received their total compensation statements. As a compensation executive, you realize that some corrections are needed in the generated statements.
Which corrective action will you take? (Choose the best answer.)

A) Edit "Statement Definition," make the required corrections, and regenerate the total compensation statements as a newer version.
B) Ignore any corrective action.
C) Educate the workers that corrections are not possible after the total compensation statements have been generated.
D) Start manual changes in each worker's total compensation statement.

5. Your client is a consumer goods wholesaler. The client's organization has five departments. While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees in that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department? (Choose the best answer.)

A) Initiate budgets automatically by using the Start Compensation Cycle process.
B) Publish the original budgets to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
C) Request excess budget allocation from the manager above him.
D) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.

Solutions: