Oracle 1Z0-330 Online Practice Questions and Exam Preparation

Oracle 1Z0-330 Online Questions & Answers

• Question 31:

  As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement. Which three statements are true about the statement definitions? (Choose three.)

  A. The statement definition acts as a template and determines the layout and content of the generated statement.
  B. The statement definition consists of compensation items added to compensation categories.
  C. Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
  D. Compensation items with sources belonging to different legal employers cannot be added.
  E. Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
  F. Edits to compensation categories affect all statement definitions that use that category.
  A. The statement definition acts as a template and determines the layout and content of the generated statement.
  B. The statement definition consists of compensation items added to compensation categories.
  E. Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.

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  Reference: http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20376/F566544AN4EDA9.htm

• Question 32:

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

• Question 33:

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

  A. Refresh HR Data
  B. Refresh Base and Eligible Salary
  C. Refresh Plan Access
  D. Refresh Manager Hierarchy
  E. Reevaluate Eligibility
  F. Refresh Plan Currency
  G. Refresh summary totals
  A. Refresh HR Data
  D. Refresh Manager Hierarchy
  E. Reevaluate Eligibility
  G. Refresh summary totals

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  Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm (refresh column defaults)

• Question 34:

  How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)

  A. a mix of element eligibility and eligibility profiles
  B. through element eligibility only, never with eligibility profiles
  C. with the eligibility profiles, never through element eligibility
  D. either with eligibility profiles or through element eligibility
  A. a mix of element eligibility and eligibility profiles

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  Reference: https://docs.oracle.com/cd/E60665_01/common/FAIWC/ F1451659AN19D78.htm#F189517AN1A019

• Question 35:

  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 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.
  B. 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.
  C. 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.
  D. 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 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.

• Question 36:

  As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items? (Choose two.)

  A. Compensation items are the foundation upon which the Compensation Statement is built.
  B. Compensation items cannot be used across statement definitions.
  C. Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
  D. Compensation items can be added to statement definitions directly.
  E. Compensation items are added to a compensation category to include them in statements.
  A. Compensation items are the foundation upon which the Compensation Statement is built.
  E. Compensation items are added to a compensation category to include them in statements.

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  Reference: http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566544AN493F2.htm (compensation items and sources: explained)

• Question 37:

  As a compensation manager, in which four cases would you find an employee newly added to your worksheet? (Choose four.)

  A. An employee transfers into your organization.
  B. An employee's data has been corrected by HR and it now satisfies the eligibility criteria.
  C. An employee leaves an organization.
  D. A contingent employee becomes a regular employee.
  E. A loaned employee in your organization returns after assignment completion.
  F. An intern in your organization gets his place confirmed as an employee.
  A. An employee transfers into your organization.
  B. An employee's data has been corrected by HR and it now satisfies the eligibility criteria.
  D. A contingent employee becomes a regular employee.
  E. A loaned employee in your organization returns after assignment completion.

• Question 38:

  Identify three event-driven configurations that can be changed for the delivered variable allocation approval tasks as per business requirements. (Choose three.)

  A. Assignment and Routing Policies
  B. Escalation and Expiration Policies
  C. Approval and Rejection Policies
  D. Notification Settings
  E. Data Driven Routing
  A. Assignment and Routing Policies
  D. Notification Settings
  E. Data Driven Routing

• Question 39:

  After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.

  What is the correct way of achieving this? (Choose the best answer.)

  A. Use the Edit button in the Employee's included area while creating a model to exclude the employee.
  B. Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.
  C. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
  D. Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
  C. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.

• Question 40:

  Which two tasks are performed by compensation managers while determining budgets? (Choose two.)

  A. Manually calculate budget amounts or automatically determine budget amounts by using a model.
  B. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.
  C. Determine budget amounts offline by downloading budget details to a spreadsheet.
  D. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.
  B. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.
  D. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.