Oracle 1Z1-1049 Value Pack (Frequently Bought Together)

A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up the following for all employees:
* Salary paid based on the grades of employees.
* Car allowance paid based on the department and position.
* Spot bonus paid based on a committee's decision.
Identify the correct option for the setup. (Choose the best answer.)

• A. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
• B. Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
• C. Set up on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
• D. Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.

A corporation implemented Oracle Fusion Workforce Compensation. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true? (Choose the best answer.)

• A. No new Grade rate can be created.
• B. The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
• C. After the salary basis is associated with any worker, you cannot delete it or modify any characteristic.
  Therefore, a new Salary Basis must be created with a new Grade rate.
• D. A new Grade rate can be created and the Salary basis can be modified to include it.

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

• A. three subcategories
• B. three custom columns
• C. five custom columns
• D. three items

Performance Ratings are enabled in a compensation plan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)

• A. Populate Rating Categories for all rating levels.
• B. Create a Rating Level for the rating model.
• C. Review points with from and to points entered for the rating level.
• D. Create Target Distributions for each of the rating levels.

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

• A. Determine budget amounts offline by downloading budget details to a spreadsheet.
• B. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.
• C. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.
• D. Manually calculate budget amounts or automatically determine budget amounts by using a model.