Free 1Z1-330 Questions for Oracle 1Z1-330 Exam

Question #1

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 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.

C. Any payroll element can be added and all other details are auto-populated including the history category.

D. Any payroll element can be added and all other details are auto-populated excluding the history category.

Discussion 0

Correct Answer: B Vote an answer

Question #2

You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults.
What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

A. The task is only for notification and has no rules.

B. The task applies to selected allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.

C. The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.

D. The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.

Discussion 0

Correct Answer: B Vote an answer

Question #3

You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available? (Choose four.)

A. Allocation outside target range

B. Job changed in HR

C. Salary changed in HR

D. Worker was terminated

E. Worker is on long-term leave

F. Grade changed in HR

Discussion 0

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

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Question #4

Identify the three correct statements for an alternate approver hierarchy. (Choose three.)

A. The highest Approval sequence is the final approver.

B. The alternate approver must be a part of the regular plan hierarchy.

C. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.

D. You can create multiple approvers for the same manager.

Discussion 0

Correct Answer: A,C,D Vote an answer

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Question #5

A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it. (Choose the best answer.)

A. They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.

B. Set up role-based security to the individual compensation work area so that only managers are allowed.

C. Set up access restrictions to the individual compensation plan using the correct HR action so that it can be added only to the specific roles.

D. Set up a salary basis and restrict the eligibility to the required roles.

Discussion 0

Correct Answer: A Vote an answer

Question #6

A compensation administrator has set up a Workforce Compensation Plan with Budget Pools. Manager Level Budgeting is enabled for the pool and default budget values have been configured for the following columns on the Configure Budget Page Layout page:
* Budget Distribution Amount or Budget Distribution Percentage columns on the Detail Table tab
* Budget Amount or Budget Percentage columns on the Summary Columns tab To distribute the budgets automatically, the compensation administrator should run
_ _________. (Choose the best answer.)

A. the Start Compensation Cycle process. After this, the Administrator should create a model to distribute the budgets.

B. the Validate Plan Setup process

C. the Refresh Data process

D. the Start Compensation Cycle process

Discussion 0

Correct Answer: A Vote an answer

Question #7

Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)

A. You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.

B. You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.

C. You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.

D. You can display overall and calculated performance ratings given in the Performance Management system and provide access to the full performance document from within the worksheet.

E. You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status.

Discussion 0

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

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Question #8

While configuring the Budget page, you are setting the properties of the Job column.
Which two sections are available in the properties for the Job column? (Choose two.)

A. Default Value

B. Information

C. General

D. Legal Employer

Discussion 0

Correct Answer: A,C Vote an answer

Question #9

Your customer's compensation manager needs to know, what are the four valid statuses of the compensation worksheet? (Choose four.)

A. Partially approved

B. Submitted

C. Budget Available

D. Started

E. Unprocessed

F. Processed

G. Fully Approved

H. Closed

Discussion 0

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

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Question #10

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. Work in Progress

B. Submitted

C. In Approvals

D. Processed

E. Fully Approved

Discussion 0

Correct Answer: B Vote an answer

Question #11

A worker complains to the Human Resources department that the total amount does not add up to the amount of salary received in the bank. The department informs the worker that certain items that are shown in the Compensation Statement do not comprise the actual amount paid. The department now wants to make the statement more relevant to workers to avoid such situations.
What should you do to accommodate this requirement? (Choose the best answer.)

A. For each item, specify the Estimated amount option to indicate that this compensation is not the actual amount paid.

B. For each item, specify the Excluded from Gross amount option to indicate that this compensation is not the actual amount paid.

C. For each item, specify the Unpaid amount option to indicate that tis compensation is not the actual amount paid.

D. For each item, specify the Indicative amount option to indicate that this compensation is not the actual amount paid.

Discussion 0

Correct Answer: A Vote an answer

Question #12

Your client has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the three-level manager hierarchy. While setting up the approval hierarchy, the compensation administrator wanted to set up notifications for any errors occurring during the workflow.
Identify the three allowed options needed to set up notifications accordingly. (Choose three.)

A. Groups

B. Duty roles

C. Application roles

D. Individual users

Discussion 0

Correct Answer: A,B,C Vote an answer

Question #13

Which two tasks are true about components in worksheet configurations? (Choose two.)

A. There is the flexibility to add any number of components within a compensation plan.

B. Each component has to be of a separate type, such as salary or bonus.

C. Plans must have at least one component if awarding compensation.

D. You can create up to five components to represent the different types of compensation that you want to award within a plan.

Discussion 0

Correct Answer: C,D Vote an answer

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