Latest Oracle 1Z0-330 Actual Free Exam Questions & Community Discussion, Page 4

Question #40

A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up the following for all employees:
* Salary paid based on the grades of employees.
* Car allowance paid based on the department and position.
* Spot bonus paid based on a committee's decision.
Identify the correct option for the setup. (Choose the best answer.)

A. Set up on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.

B. Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.

C. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.

D. Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.

Discussion 0

Correct Answer: C Vote an answer

Question #41

A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage? (Choose the best answer.)

A. No impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.

B. Allocated budget will not change. Budget percentage of Manager 2 will increase to
1 2.5% and Manager 3 will decrease to 8%.

C. Budget allocated for the employee will be released back to the manager for reallocation.
Budget percentage will remain unchanged.

D. Allocated budget will not change. Budget percentage of Manager 3 will increase to
1 2.5% and Manager 2 will decrease to 8%.

Discussion 0

Correct Answer: B Vote an answer

Question #42

Your client's organization is a multi-country organization with headquarters in the US, and managers have direct reports in different countries.
In which three ways can the compensation currency be displayed? (Choose three.)

A. Each employee's local currency

B. Preferred currency

C. Only one currency can be displayed

D. The corporate currency

Discussion 0

Correct Answer: A,B,D Vote an answer

Question #43

Which three dates are mandatory while creating plan cycles? (Choose three.)

A. Default Due Date

B. Performance Rating Date

C. Worksheet Update Period Start Date

D. HR Data Extraction Date

E. Plan Access Start Date

F. Evaluation Period Start Date

Discussion 0

Correct Answer: C,E,F Vote an answer

Question #44

While configuring the Budget page, you enable the "Compensation Performance Rating" column from which section? (Choose the best answer.)

A. Actions

B. Information

C. Detail table

D. Worker List

E. Summary

Discussion 0

Correct Answer: C Vote an answer

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Question #45

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 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.

B. 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.

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 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.

E. 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.

Discussion 0

Correct Answer: E Vote an answer

Question #46

Your client wants to offer a spot incentive bonus to hourly employees who worked 100 percent of their scheduled shift hours in a three-month period. What type of eligibility profile can you use in this case? (Choose the best answer.)

A. Derived-factor-based eligibility profile

B. User-defined-criteria-based eligibility profile

C. Employment-criteria-based eligibility profile

D. Fast-formula-based eligibility profile

Discussion 0

Correct Answer: B Vote an answer

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Question #47

Which four options are valid refresh options for the Refresh Data process? (Choose four.)

A. Refresh Base and Eligible Salary

B. Refresh summary totals

C. Refresh Manager Hierarchy

D. Refresh Plan Access

E. Reevaluate Eligibility

F. Refresh Plan Currency

G. Refresh HR Data

Discussion 0

Correct Answer: B,C,E,G Vote an answer

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Question #48

You are creating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)

A. Minimum, Maximum, Mid Point, or Value

B. Minimum, Maximum, and Value

C. Minimum, Maximum, or Value

D. Minimum, Maximum, Mid Point, and Value

Discussion 0

Correct Answer: C Vote an answer

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Question #49

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:
New Allocations: Always
Update Allocations: Specific period Sep 1- Sep 30
Withdraw 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
Discontinue Allocations: Specific period Sep 1 - Sep 30

C. 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

D. The individual compensation plan must be set up with "NO" for plan access restriction.

Discussion 0

Correct Answer: A Vote an answer

Question #50

When compiling Fast Formula, you receive the error message "Database item PER_ASG_ATTRIBUTE3 must have a DEFAULT statement because it was specified that null or not found is allowed." What is the cause of the error? (Choose the best answer.)

A. incorrect operator usage

B. syntax error

C. misuse of context

D. uninitialized variable

Discussion 0

Correct Answer: A Vote an answer

Question #51

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

A. Run processes to initiate a compensation cycle.

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

C. Analyze plan results.

D. Maintain currency rates and access to plans from the watchlist.

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

F. Override line manager allocations, job changes, and performance ratings.

Discussion 0

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

Question #52

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. Allocate Workforce Compensation

B. Manage Individual Contribution

C. Manage Worker Contributions

D. Manage Variable Allocations

E. Manage Contributions

Discussion 0

Correct Answer: A Vote an answer

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