1Z0-1049-22 Practice Questions

Question 1

As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.

Which three statements are true about the statement definitions? (Choose three.)

Accepted Answer

The statement definition acts as a template and determines the layout and content of the generated statement.

Accepted Answer

The statement definition consists of compensation items added to compensation categories.

Accepted Answer

Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.

Answer

Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.

Answer

Compensation items with sources belonging to different legal employers cannot be added.

Answer

Edits to compensation categories affect all statement definitions that use that category.

Question 2

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.)

Accepted Answer

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.

Accepted Answer

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.

Answer

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.

Answer

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.

Question 3

Identify the four correct options about the summary tables in the compensation history. (Choose four.)

Accepted Answer

The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.

Accepted Answer

The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.

Accepted Answer

The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.

Accepted Answer

The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.

Answer

The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.

Question 4

When compiling Fast Formula, you receive the error message ''Database item PER_ASG_ATTRIBUTE3 must have a DEFAULT statement because it was specified that null or not found is allowed.''

What is the cause of the error? (Choose the best answer.)

Answer Options

Amisuse of context

Buninitialized variable

Cincorrect operator usage

Dsyntax error

Correct Answer: C

Accepted Answer

incorrect operator usage

Answer

misuse of context

Answer

uninitialized variable

Answer

syntax error

Question 5

After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.

What is the correct way of achieving this? (Choose the best answer.)

Accepted Answer

Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.

Answer

Use the Edit button in the Employee's included area while creating a model to exclude the employee.

Answer

Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.

Answer

Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.

Free Oracle 1Z0-1049-22 Exam Practice Questions & Explanations