Online 1Z0-1049-24 Practice Test

Question 1

Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user’s ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)

Options :

A : If user access should be based on career levels or earnings thresholds

B : If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle

C : if there should be a “white list” name criteria for access to the plan

D : if plan access should be related to HR actions

E : if there should be a time period in which a user can create, update, or discontinue allocations or contributions

F : whether or not to restrict access to the plan at all

Answer: A,D

Question 2

Your customer wants to limit contributions to a particular individual compensation plan to workers with at least a year of service. How should you accomplish this? (Choose the best answer.)

Options :

A : Create a relevant eligibility profile and associate it with the plan.

B : Create user-defined criteria, and then create the eligibility profile and plan.

C : Create a derived factor, and then create the eligibility profile and plan.

D : Create an eligibility profile with the exclude option and associate it with the plan

E : Use a fast formula to restrict access to the plan.

Answer: A

Question 3

A corporation implemented Fusion Compensation and must run a compensation cycle. The corporation has seven different active components in the salary basis. Salaries of all the employees must be updated in bulk mode.

Which statement is true about the bulk update using Integrated Workbook? (Choose the best answer.)

Options :

A : Integrated Workbook can be used to update all the seven components.

B : Only the first four active components will be loaded at a time by Integrated Workbook.

C : Only the first five active components will be loaded at a time by Integrated Workbook.

D : Only the first six active components will be loaded at a time by Integrated Workbook.

Answer: C

Question 4

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

Options :

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 5

Your client is a consumer goods wholesaler. The client’s organization has five departments. While performing

compensation budgeting activity, the client has a policy that the departments that have exceeded their sales

targets receive an additional budget to reward the employees in that department. In the current year, only the

Electronics department has exceeded its sales target.

How would the compensation manager allocate the extra budget to the manager of the Electronics

Department? (Choose the best answer.)

Options :

A : Publish the original budgets to all managers, followed by publishing the extra budget to only the manager of the Electronics department.

B : Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.

C : Initiate budgets automatically by using the Start Compensation Cycle process.

D : Request excess budget allocation from the manager above him.

Answer: A

EXPERTY DESIGNED 1Z0-1049-24 PRACTICE TEST