Oracle 1Z0-330 Online Practice Questions and Exam Preparation

Oracle 1Z0-330 Online Questions & Answers

• Question 161:

  As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.

  Which statement is true for the given scenario? (Choose the best answer.)

  A. The item cannot be deleted, because it is attached to a category.
  B. The above scenario does not stand true as the item can be deleted.
  C. More than one administrator might be using the item and, therefore, it cannot be deleted.
  D. Before deleting the item, you must configure a zero value behavior for the item.
  C. More than one administrator might be using the item and, therefore, it cannot be deleted.

• Question 162:

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

  A. Salary
  B. Other Compensation
  C. Stock
  D. Non-Recruiting Payments
  E. Recruiting Payments
  F. Payroll Elements
  B. Other Compensation
  C. Stock
  D. Non-Recruiting Payments
  E. Recruiting Payments

  ---

  The Compensation History summary table displays four categories of compensation: Base Pay, Other Compensation (one-time payments), Stock, and Recurring Payments. Compensation history automatically displays base pay and stock grants. You must add additional recurring nonbase pay and one-time compensation to history.

• Question 163:

  A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning. What is true about the subclassifications for the created element? (Choose the best answer.)

  A. Sub-classifications provide a way to feed elements.
  B. Once a sub-classification is associated with a classification, it cannot be associated with another classification.
  C. A sub-classification name cannot be reused under a different primary classification.
  D. Elements can have only one sub-classification.
  B. Once a sub-classification is associated with a classification, it cannot be associated with another classification.

  ---

  Reference: Subclassifications provide a way to feed balances. Elements can have only one primary and secondary classification, but multiple subclassifications. You can create subclassifications or use predefined ones. Once a subclassification is associated with a classification it cannot be associated with another classification. A subclassification name can be reused under different primary classifications, but you will have to create separate balance feeds for each subclassification with the same name.

• Question 164:

  Identify the correct option regarding the Payroll element details in the compensation history setup. (Choose the best answer.)

  A. Any payroll element can be added and all other details are auto-populated including the history category.
  B. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
  C. Any payroll element can be added and all other details are auto-populated excluding the history category.
  D. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
  B. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.

• Question 165:

  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.)

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

• Question 166:

  You have configured a compensation plan to include ratings from the performance management system. For one particular division, the performance ratings have not been finalized and are shown as blank on the compensation worksheet.

  The manager updates the performance rating while allocating compensation.

  What happens in this case? (Choose the best answer.)

  A. The rating will be available to only the plan where it is updated.
  B. The rating will be available to all plans that are currently active.
  C. The rating will be available in the Performance document in the performance system.
  D. The rating will be available to only the plans where the same manager is involved.
  C. The rating will be available in the Performance document in the performance system.

• Question 167:

  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 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.
  B. 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.
  C. 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.
  D. 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.
  A. 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.

• Question 168:

  Which is the correct priority of deduction information from highest to lowest? (Choose the best answer.)

  A. 1.Personal deduction card (payroll relationship level). 2. Tax reporting unit deduction card. 3. Payroll statutory unit deduction card. 4. Payroll deduction range values (legislative data group level).
  B. 1. Personal deduction card (payroll relationship level). 2. Payroll statutory unit deduction card. 3. Tax reporting unit deduction card. 4. Payroll deduction range values (legislative data group level).
  C. 1. Payroll statutory unit deduction card. 2. Tax reporting unit deduction card. 3. Payroll deduction range values (legislative data group level) 4. Personal deduction card (payroll relationship level).
  D. 1.Personal deduction card (payroll relationship level). 2. Payroll deduction range values (legislative data group level) 4. Payroll statutory unit deduction card. 4. Tax reporting unit deduction card.
  A. 1.Personal deduction card (payroll relationship level). 2. Tax reporting unit deduction card. 3. Payroll statutory unit deduction card. 4. Payroll deduction range values (legislative data group level).

• Question 169:

  As an implementation consultant, you are required to create an element that is applicable only to a set of employees who are in the Production department and who are on weekly payrolls. What is the correct configuration to meet this requirement? (Choose the best answer.)

  A. Create Element Eligibility with the Legal Employer and Payroll Statutory Unit parameters.
  B. Create an element without defining Element Eligibility.
  C. Create Element Eligibility with the Grade and Position parameters.
  D. Create Element Eligibility with the department and specific payroll parameters.
  A. Create Element Eligibility with the Legal Employer and Payroll Statutory Unit parameters.

• Question 170:

  An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them. Which two statements are true when configuring the items? (Choose two.)

  A. Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
  B. Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.
  C. Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
  D. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
  C. Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
  D. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.