Latest Oracle 1Z1-330 Actual Free Exam Questions & Community Discussion, Page 1

Question #1

You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employees under him. Where will the rating specified by the manager be available?
(Choose the best answer.)

A. Only within the current compensation plan and all cycles associated with it

B. To the current compensation plan and HR system

C. Only within the current compensation plan and the current cycle

D. To the current compensation plan and the Performance Management system

Discussion 0

Correct Answer: A Vote an answer

Question #2

A corporation has implemented Oracle Fusion Workforce Compensation. Per business requirements, the Fusion consultant must integrate Oracle Fusion Workforce Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of an employee for the compensation process.
Identify the option that will enable fetching of the Benefits Amount value. (Choose the best answer.)

A. Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.

B. Create an "Amount" input value at the element eligibility link level.

C. Select "Pay Separately" as the "Special Purpose" option.

D. Database items are created by default for the element input values.

Discussion 0

Correct Answer: A Vote an answer

Question #3

A corporation is implementing Oracle Fusion Workforce Compensation and has set up an individual compensation plan for a contribution. This contribution has to be approved by the four members in parallel.
Identify the correct option regarding parallel approvals. (Choose the best answer.)

A. Parallel approvals are not fully supported, but notifications can be sent to all members in parallel using the list builder resource option and configuring Application Role. However, the first person who claims the notification can approve it, and this ends the process and the other members lose control over the approval of the notification.

B. Parallel approvals are supported and can be configured using Static approval groups.
Only after all the approvers approve will the process end.

C. A parallel approval option is not available and any approval configured is always sequential.

D. Parallel approvals are supported by configuring the Application role option in the Resource list builder. Only after all the approvers approve will the process end.

Discussion 0

Correct Answer: B Vote an answer

Question #4

During the Compensation Review cycle for the year 2014-15, the manager processes his direct reports compensation changes per the model created by him. After making the changes in the worksheet, the manager submits the proposed changes to the next level manager in the hierarchy for approval. What will the Manager status appear as in the workforce compensation area? (Choose the best answer.)

A. Fully Approved

B. In Approvals

C. Work in Progress

D. Processed

E. Submitted

Discussion 0

Correct Answer: E Vote an answer

Question #5

A corporation needs to set up a compensation plan for a vehicle allowance that will allow different amounts for different types and models of vehicles.
How can you achieve the desired results? (Choose the best answer.)

A. Configure as many compensation plans as there are allowed types and models of vehicles, because options cannot have eligibility profiles associated, and use different payroll elements for each of them.

B. Configure one compensation plan and add as many options as three are allowed for vehicle types and models. Define eligibility and associate the same payroll element to all the options such that an employee can use only one option.

C. Configure as many compensation plans as there are different types and models, because options cannot have associated eligibility profiles, and use the same payroll element for all of them.

D. Configure one compensation plan, add as many options as there are allowed for different types and models. Define eligibility and associate the different payroll elements to all the options such that any payroll element can be associated with only one plan and option.

Discussion 0

Correct Answer: D Vote an answer

Question #6

If you enable Performance Ratings and rate workers within Workforce Compensation, which two statements are true? (Choose two.)

A. Managers can rate workers as they allocate compensation.

B. You can display compensation ratings given in the previous plan cycle as a column in the worksheet.

C. The ratings are transferred to the Performance Management system or to HR.

D. These ratings are used across compensation plan and cycles.

Discussion 0

Correct Answer: A,B Vote an answer

Question #7

A corporation has implemented Oracle Fusion Workforce Compensation. The consultant creates multiple elements to meet the business requirements.
Which three statements will help him to make a decision about the element classification?
(Choose three.)

A. Predefined secondary classifications can be removed or changed.

B. Primary classifications are provided mainly to reflect tax legislation.

C. Predefined primary classifications cannot be removed or changed.

D. Elements can have multiple primary and multiple secondary classifications.

E. Secondary classifications are subsets of the primary classifications.

Discussion 0

Correct Answer: B,C,E Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #8

A corporation is implementing Oracle Fusion Workforce Compensation and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases? (Choose the best answer.)

A. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.

B. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and grade rate need not match.

C. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.

D. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.

Discussion 0

Correct Answer: C Vote an answer

Question #9

Identify four correct history categories when setting up compensation history. (Choose four.)

A. Stock

B. Other Compensation

C. Recruiting Payments

D. Non-Recruiting Payments

E. Salary

F. Payroll Elements

Discussion 0

Correct Answer: A,B,C,D Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #10

What classification can you use if employees submit timecards and you want absences taken by these employees to show on the statement of earnings? (Choose the best answer.)

A. Standard Earnings Classification

B. Either Absence or Information Classification

C. Information Classification

D. Absence Classification

E. Any classification will result in the absences showing

F. Either Standard Earnings or Absence Classification

Discussion 0

Correct Answer: A Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #11

Your customer's Workforce Compensation Plan for Annual Salary Review is set up with the following dates in the Plan Cycle:
* Evaluation Period Start Date: 1-Jan-2014
* Evaluation Period End Date: 31-Dec-2014
* Worksheet Update Period Start Date: 1-Jan-2014
* Worksheet Update Period End Date: 31-Dec-2014
* HR Data Extraction: 31-Dec-2014
* Eligibility Determination Date: 31-Dec-2014
There is a worker with a termination date of 30-Oct-2014. When the Transfer Data to HR process is run, it fails for this worker. What should you do to successfully add the lump sum award element entries and salary adjustments? (Choose the best answer.)

A. The salary adjustment or lumpsum effective date must be earlier than or equal to the worker's termination date.

B. The worker termination date should be changed to reflect the same date as the HR Data Extraction date.

C. The salary adjustment or lumpsum must be manually calculated and added for such workers.

D. Terminated workers should be excluded from being processed in Workforce Compensation plans.

E. The salary adjustment or lumpsum effective date must be later that the worker's payroll last standard process date.

Discussion 0

Correct Answer: A Vote an answer

Question #12

While configuring a plan cycle, you have set the Worksheet update start and end dates as
15-Apr-2014 and 31-May-2014, respectively. However, when a manger logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read- only mode.
What could be the possible reason for this? (Choose the best answer.)

A. Active plans are always shown in read-only mode once it is past the eligibility determination date.

B. Active plans are always shown in read-only mode until the Worksheet update period starts.

C. Active plans are always shown in read-only mode form the Evaluation period start date, which is always prior to the Worksheet update date.

D. Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.

Discussion 0

Correct Answer: C Vote an answer

Question #13

What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)

A. Budgets can be separate for each component.

B. Budgets cannot be separate for each component.

C. Multiple components can have a single budget.

D. Multiple components cannot have a single budget.

Discussion 0

Correct Answer: A,C Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Oracle 1Z1-330 Actual Free Exam Questions & Community Discussion

Download Free Oracle 1Z1-330 Demo