1Z0-1049-20 Online Practice Questions and Answers

A corporation has set up an individual compensation plan for a contribution. This contribution needs an

approval hierarchy to be set up.

Identify the four correct options regarding approval setup. (Choose four.)

A. Approvals can be set up to be completed when one of the approvers takes an action such as Approve or Reject.

B. The notifications sent to the approvers can be made actionable.

C. Expiry, Escalation, and renew settings are possible for notifications.

D. Reminders can be set for a fixed duration either before expiration or after assignment.

E. Task attachments cannot be sent using email notifications.

When a manager clicks the "Prepare in workbook" option, while processing compensation changes, what population would she or he see in the exported Excel spreadsheet? (Choose the best answer.)

A. Budget sheet population

B. Worksheet population

C. Entire organization's population under that manager

D. Direct Reports

E. The filtered population

While implementing, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options? (Choose three.)

A. Category Type

B. Contribution Type and Unit of Measure

C. Level of detail

D. Statement definitions

E. Compensation Items

F. Category Detail

What happens if eligibility requirements are different for components than they are for a plan? (Choose the best answer.)

A. Component-level eligibility is ignored and a warning is reported.

B. Plan-level eligibility is evaluated before component-level eligibility.

C. Component-level eligibility is evaluated before plan-level eligibility.

D. This is not possible. Component-level eligibility is always identical to plan-level eligibility.

E. Plan-level eligibility is ignored and a warning is reported.

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

A. Manually calculate budget amounts or automatically determine budget amounts by using a model.

B. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.

C. Determine budget amounts offline by downloading budget details to a spreadsheet.

D. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.

Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client? (Choose the best answer.)

A. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.

B. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.

C. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.

D. This is possible only in the on-premises model using customization and is not possible in an Saas instance. Therefore, you would respond accordingly to the client.

As a compensation manager, in which four cases would you find an employee newly added to your worksheet? (Choose four.)

A. An employee transfers into your organization.

B. An employee's data has been corrected by HR and it now satisfies the eligibility criteria.

C. An employee leaves an organization.

D. A contingent employee becomes a regular employee.

E. A loaned employee in your organization returns after assignment completion.

F. An intern in your organization gets his place confirmed as an employee.

You have created a compensation plan and configured the plan details. However, when you try to run the "Start Compensation Cycle" process, you are not able to see the plan you created in the list that appears. Which three options could be possible reasons for this? (Choose three.)

A. Your user role does not have access to view the plan.

B. The compensation administrator or equivalent role is not attached to your plan.

C. Access to the compensation administrator role is restricted in Plan Access.

D. Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.

E. Restrict Plan access is set to "Yes" and the compensation administrator role is added to the list of roles in "Plan access from Compensation work area."

You are configuring approvals under the Worksheets task list for an annual workforce compensation plan.

Your customer wants the worksheets to be approved by different people other than the hierarchy

determined for the plan.

How should you accomplish this? (Choose the best answer.)

A. Create an alternate manager approval hierarchy that overrides the plan hierarchy.

B. Create an alternate manager approval hierarchy and replace the plan hierarchy with the created alternate hierarchy.

C. Have the customer change the business process because you cannot have different approval hierarchies for the plan and the worksheet.

D. Create an alternate position approval hierarchy that overrides the plan hierarchy.

As an implementation consultant, you want to override the currency on the item definition. The United States Dollar currency is currently specified on it. This needs to be overridden to the Indian Rupee. What are the two approaches that you should use to override the currency of the compensation item from the United States Dollar to the Indian Rupee? (Choose two.)

A. Define a formula that retrieves compensation and specifies currency as the Indian Rupee.

B. Define the source type as Benefit Balance, which has currency specified in the Indian Rupee.

C. Define a Category that includes the item and has currency defined as the Indian Rupee.

D. Define a Compensation Statement Definition that includes the item and has currency defined as the Indian Rupee.