Free Practice Oracle 1Z0-1049-24 Exam Questions 2025

Stay ahead with 100% Free Oracle Compensation Cloud 2024 Implementation Professional 1Z0-1049-24 Dumps Practice Questions

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Total 181 Questions | Updated On: Mar 26, 2025

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Question 1

Which three statements are true about individual compensation plans? (Choose three.)

A : A user’s ability to access or make updates to awards in individual compensation plans may be restricted by the user’s association to a Legislative Data Group.

B : Individual compensation plans are not necessary for payment of items such as spot bonus.

C : Individual compensation plans are necessary for payment of items such as spot bonus.

D : Workers are individual compensation plans to manage their own contributions to charitable or savings plans.

E : Individual compensation plans define compensation that managers can award to individual workers outside of the regular compensation cycle, such as spot bonus or education reimbursement.

Answer: A,C,D

Question 2

A corporation has implemented Oracle Fusion Workforce Compensation. A custom element was created to

capture the entry value for four input values. Data load is performed by the Batch Loader, but the associated

Daily Business Intelligence (DBI) is returning the entry value corresponding only to the first input value.

Identify the option that will enable the DBI to return all the input variables. (Choose the best answer.)

A : Delete the existing element link and create a new element link, which will automatically create all four input values.

B : Create a new element from scratch.

C : This scenario cannot be implemented.

D : Create status processing rules for the input values.

Answer: B

Question 3

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

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

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

Answer: C

Question 4

You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)

A : Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.

B : Override line manager allocations, job changes, and performance ratings.

C : Maintain currency rates and access to plans from the watchlist.

D : Analyze plan results.

E : Run processes to initiate a compensation cycle.

Answer: A,B

Question 5

Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonuses are awarded by using element entries.

How would you configure the Compensation Statement? (Choose the best answer.)

A : Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Item.

B : Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items

C : Create one Compensation Category as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Category.

D : Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective Elements with the respective Categories.

Answer: B

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Total 181 Questions | Updated On: Mar 26, 2025

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