1Z1-330 by Oracle Actual Free Exam Q&As

Question 1

A corporation has implemented Oracle Fusion Workforce Compensation. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue. (Choose two.)

A. No components are defined to handle these salary adjustments. B. Automatic entry is checked for the payroll element used. C. Automatic entry is checked at the element eligibility link for the payroll element used. D. Salary basis is configured to be non-updatable.

Discussion 0

Correct Answer: B,D Vote an answer

Question 2

What are two attributes of primary element classifications? (Choose two.)

A. They are predefined. B. They are editable. C. They are globally applicable. D. They are not editable. E. They are user defined.

Discussion 0

Correct Answer: D,E Vote an answer

Question 3

Identify three correct statements about changes in an employee's compensation when the employee's FTE value changes in employment. (Choose three.)

A. If the salary record end date is 31-DEC-4712 (that is, the date is "blank" in the salary UI), the FTE value is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value. B. If the salary start date is after the current date (that is, it is a future-dated salary record), the FTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value. C. If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value. D. If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value. E. If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.

Discussion 0

Correct Answer: A Vote an answer

Question 4

Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)

A. Text B. more than one nonmonetary unit of measure C. Monetary Values D. Non Monetary Values E. Dates

Discussion 0

Correct Answer: A,D,E Vote an answer

Question 5

Your customer has employees located in four countries (Unites States, Japan, India, and Germany) and each country has a specific salary range. How would you configure the salary bases? (Choose the best answer.)

A. Create four salary bases and four grade rates, and attach the grade rates to the salary bases. B. Create one salary basis and one grade rate, and define different ranges for the salary basis at the employee level. C. Create four salary bases and one grade rate, and define different ranges for the same grade rate while attaching the grade rate to the salary bases. D. Create one salary basis and four different grade rates, and attach the grade rate to the salary basis at the employee level.

Discussion 0

Correct Answer: A Vote an answer

Question 6

Which four tasks are part of Worksheet Configuration Options? (Choose four.)

A. Components B. Models C. Plan cycles D. Compensation change statements E. Performance ratings F. Alerts

Discussion 0

Correct Answer: A,D,E,F Vote an answer

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Question 7

As compensation manager, you are creating a Salary and Bonus earnings compensation item to define a total compensation statement. Per system requirements, you must select an appropriate source type to show the correct information on the statement.
Select the correct "Source Type". (Choose the best answer.)

A. Formula B. Benefit Balance C. Salary Basis D. Payroll Element

Discussion 0

Correct Answer: C Vote an answer

Question 8

Your customer wants to give its employees a way to donate to charity. This donation could be started anytime in the year and can be updated or stopped only during the month of September.
Identify the correct set of plan restriction to achieve the desired results. (Choose the best answer.)

A. The individual compensation plan must be set up with the following restrictions:
Create Allocations: Always
Update Allocations: Specific period Sep 1 - Sep 30
Discontinue Allocations: Specific period Sep 1 - Sep 30 B. The individual compensation plan must be set up with the following restrictions:
New Allocations: Always
Update Allocations: Specific period Sep 1- Sep 30
Withdraw Allocations: Specific period Sep 1 - Sep 30 C. The individual compensation plan must be set up with "NO" for plan access restriction. D. The individual compensation plan must be set up with the following restrictions:
New Allocations: Always
Update Allocations: Specific period Sep 1-Sep 30
Discontinue Allocations: Specific period Sep 1 - Sep 30

Discussion 0

Correct Answer: B Vote an answer

Question 9

What additional action would you recommend to your customer for worker-administered plans to control plan availability in addition to HR actions? (Choose the best answer.)

A. Manage Variable Allocations B. Manage Individual Contribution C. Manage Worker Contributions D. Manage Contributions E. Allocate Workforce Compensation

Discussion 0

Correct Answer: E Vote an answer

Question 10

Which three tasks are part of Plan Foundation Configuration Options? (Choose three.)

A. Components B. Plan Access C. Plan Currency D. Feedback Survey E. Alerts

Discussion 0

Correct Answer: A,B,C Vote an answer

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Question 11

When initiating an award, what is correct regarding possible workflow tasks? (Choose the best answer.)

A. You may use either VariableAllocationTask and VarialbeAllocationFYITask B. You must use VariableAllocationTask and edit the rules if using only for notification. C. You must use VariableAllocationFYITask and not VariableAllocationTask. D. You must use VariableAllocationTask and not VariableAllocationFYITask.

Discussion 0

Correct Answer: C Vote an answer

Question 12

What happens if you include ineligible workers on the worksheet? (Choose the best answer.)

A. It displays ineligible workers but managers can allocate compensation, promote workers, and rate worker performance. B. It does not display ineligible workers and managers cannot allocate compensation, promote workers, or rate worker performance. C. It displays ineligible workers but managers cannot allocate compensation, promote workers, or rate worker performance. D. It does not display ineligible workers but managers can allocate compensation, promote workers, or rate worker performance.

Discussion 0

Correct Answer: C Vote an answer

Oracle Workforce Compensation Cloud 2017 Implementation Essentials - 1Z1-330 Exam Practice Test