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: May 04, 2024

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Question 1

You are responsible for configuring an individual compensation plan with multiple options. Which two statements are true about the plan options? (Choose two.)

A : You can associate each option with the same payroll element and input value.

B : You can associate each option with only one payroll element and input value.

C : You can associate each payroll element with only one plan and option.

D : You can associate each payroll element with multiple plans and options.

E : You can associate each payroll element with one option but with multiple plans.

Answer: B,D

Question 2

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.)

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

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

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

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

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

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

Answer: A,B

Question 3

An organization provides compensation such as salary and bonus earnings for its workers. It also tracks

commissions and company-paid taxes for them.

Which two statements are true when configuring the items? (Choose two.)

A : Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

B : Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.

C : Formula will require you to specify the Legislative Data Group as the Additional Data Entry.

D : Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

Answer: C,D

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

Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

A : Compensation Currency Selection

B : Compensation Organization Selection

C : Compensation Item Selection

D : Compensation Person Selection

E : Compensation amounts Selection

Answer: A,C

Page: 1 / 37

Total 181 Questions | Updated On: May 04, 2024

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