Oracle Workforce Compensation Cloud 2017 Implementation Essentials - 1Z1-330 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

A corporation has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels. (Choose four.)

A. Resource B. Job Level C. Department Level D. Position E. Management Chain F. Supervisory

Discussion 0

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

Question 2

You are configuring a work-administered individual compensation plan where your workers can enroll in the plan anytime during the year, but can discontinue their contributions only in the month of March each year. How should you achieve this? (Choose the best answer.)

A. Do not select any additional actions other than Manage Contributions with access level for each action as Create: Always allowed; Update: Never allowed; Discontinuing: Allowed during a specified period. B. Do not select any additional actions other than Manage Contributions with access level as Create: Always allowed; Update: Allowed during a specified period; Discontinuing:
Never allowed. C. Select specific HR actions such as transfer, promotion, and new hire for the plan with access level for each action allowed during a specific period. D. Make the plan available for all actions in the list with access level for each action Always allowed.

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Correct Answer: A Vote an answer

Question 3

A corporation has implemented Oracle Fusion Workforce Compensation. The requirement is that Bonus Amount should be given only to the Full-Time Assignment category employees who work on weekly payroll. Additionally, the costing information must be transferred to General Ledger.
Which implementation approach is correct for creating the required element? (Choose the best answer.)

A. creating status processing rules and setting up costing information at the status processing level B. creating an element eligibility link and setting up costing information at the link level C. creating an auto-indirect rule and setting up costing information at the auto-indirect level D. creating an input value and setting up costing information at the input value level

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Correct Answer: B Vote an answer

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Question 4

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 "NO" for plan access restriction. C. 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 D. 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

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Correct Answer: A Vote an answer

Question 5

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. Secondary classifications are subsets of the primary classifications. C. Primary classifications are provided mainly to reflect tax legislation. D. Predefined primary classifications cannot be removed or changed. E. Elements can have multiple primary and multiple secondary classifications.

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Correct Answer: B,C,D Vote an answer

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Question 6

How can you use an earnings element to manage the calculation and payment of absences? (Choose the best answer.)

A. Define a skip rule for the earnings element that triggers processing when it finds an entry for a non-absence element because payroll runs process elements in the Information or Absence classifications. B. Define a skip rule for the earnings element that triggers processing when it finds an entry for the absence element because payroll runs do not process elements in the Information or Absence classifications. C. Define the earnings element as nonrecurring for the absence element because payroll runs do not process nonrecurring elements in the Information or Absence classifications. D. Ensure that the input to the salary database item formula from the earnings element processes the absence element as Absence classification because payroll runs do not process elements in the Information or Absence classifications.

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Correct Answer: B Vote an answer

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Question 7

Which statement is correct about secondary element classifications? (Choose the best answer.)

A. They are predefined and can be edited. B. They are predefined and cannot be edited. C. They are user-defined and cannot be edited. D. They are user-defined and can be edited.

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Correct Answer: A Vote an answer

Question 8

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 different types and models, because options cannot have associated eligibility profiles, and use the same payroll element for all of them. B. 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. C. 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. D. 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.

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Correct Answer: B Vote an answer

Question 9

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 worker termination date should be changed to reflect the same date as the HR Data Extraction date. B. Terminated workers should be excluded from being processed in Workforce Compensation plans. C. The salary adjustment or lumpsum effective date must be earlier than or equal to the worker's termination date. D. The salary adjustment or lumpsum effective date must be later that the worker's payroll last standard process date. E. The salary adjustment or lumpsum must be manually calculated and added for such workers.

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Correct Answer: C Vote an answer

Question 10

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

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Correct Answer: D Vote an answer

Question 11

Your customer wants to configure a workforce compensation plan with multiple cycles.
Identify two correct statements about plan cycles. (Choose two.)

A. A plan can have multiple compensation cycles, each with unique period dates. B. You can duplicate a cycle and specify the number of months to advance all dates. C. A plan can have multiple compensation cycles, each with same period dates. D. Each plan that requires a different cycle must be created manually.

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Correct Answer: A,B Vote an answer

Question 12

You are configuring a plan cycle date that should be visible to managers on the Approvals tab so that they can submit their worksheets before that date. But you do not want to enforce the date because you want the managers to be able to submit their worksheets even after the date is past. Which date should you use? (Choose the best answer.)

A. currency conversion date B. HR extraction date C. worksheet update start and end dates D. default date due E. evaluation period start and end dates

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Correct Answer: D Vote an answer