Download Oracle Fusion Workforce Compensation Cloud Service 2016 Implementation Essentials.1z0-330.Prep4Sure.2018-10-11.68q.vcex

Vendor: Oracle
Exam Code: 1z0-330
Exam Name: Oracle Fusion Workforce Compensation Cloud Service 2016 Implementation Essentials
Date: Oct 11, 2018
File Size: 121 KB
Downloads: 1
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Demo Questions

Question 1
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.) 
  1. Compensation Currency Selection
  2. Compensation Organization Selection
  3. Compensation Item Selection
  4. Compensation Person Selection
  5. Compensation amounts Selection
Correct answer: CE
Question 2
The compensation manager wants to run the batch process to start the compensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)
  1. It backs out started and processed events for participants.
  2. It removes unneeded transaction data from prior plan cycles.
  3. It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
  4. It backs out unrestricted events for participants.
Correct answer: C
Explanation:
Reference: http://www.erpknowledge.com/
Reference: http://www.erpknowledge.com/
Question 3
In the workforce compensation work area, the Manager’s Worksheet Status is “In Approvals”. What progress has the compensation manager made through a workforce compensation cycle? (Choose the best answer.)
  1. A budget was published to the manager.
  2. The manager submitted his or her worksheet for approval.
  3. The first-level manager approved the manager’s worksheet.
  4. The highest-level manager or approver in the approval hierarchy approved the manager’s worksheet.
  5. The manager saved some changes to his or her worksheet.
Correct answer: D
Question 4
As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence. Select the correct sequence to construct a total compensation statement. (Choose the best answer.)
  1. Create compensation items > attach the items to compensation categories > arrange categories hierarchically in the statement definition > specify the statement period and display options > generate the statement.
  2. Create compensation items > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories > generate the statement.
  3. Create compensation items > generate a statement > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories.
  4. Create compensation items > attach the items to compensation categories > generate the statement > specify the statement period and display options > arrange categories hierarchically in the statement definition.
Correct answer: C
Explanation:
Question 5
You are creating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)
  1. Minimum, Maximum, Mid Point, and Value
  2. Minimum, Maximum, Mid Point, or Value
  3. Minimum, Maximum, and Value
  4. Minimum, Maximum, or Value
Correct answer: D
Explanation:
Generate a warning message when a manager or compensation professional enters a new or adjusted salary that is outside the minimum or maximum values defined for the worker's grade in the grade rate attached to the salary basis.
Generate a warning message when a manager or compensation professional enters a new or adjusted salary that is outside the minimum or maximum values defined for the worker's grade in the grade rate attached to the salary basis.
Question 6
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.)
  1. Primary classifications are provided mainly to reflect tax legislation.
  2. Secondary classifications are subsets of the primary classifications.
  3. Predefined primary classifications cannot be removed or changed.
  4. Predefined secondary classifications can be removed or changed.
  5. Elements can have multiple primary and multiple secondary classifications.
Correct answer: ABC
Explanation:
Reference: https://docs.oracle.com/cloud/farel8/globalcs_gs/OAWRK/F1174250AN60F28.htm (manage element classifications)
Reference: https://docs.oracle.com/cloud/farel8/globalcs_gs/OAWRK/F1174250AN60F28.htm (manage element classifications)
Question 7
Your client’s organization is a multi-country organization with headquarters in the US. All employees are covered under one global compensation plan. However, the managers in each country want to administer compensation in their country’s respective currency. How would you enable this feature? (Choose the best answer.)
  1. Set the preferred currency in the worksheet.
  2. Enable Currency Switching.
  3. Display the corporate currency.
  4. Use fast formula to display the employee currency using conversion rates.
Correct answer: B
Explanation:
Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm
Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm
Question 8
A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up compensation history. 
Identify the three correct options regarding the various compensations shown in the history. (Choose three.)
  1. Compensation history displays six categories of compensation.
  2. Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.
  3. Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.
  4. The summary in the compensation history shows the data for only five years.
Correct answer: BCD
Question 9
When compiling Fast Formula, you receive the error message “Database item PER_ASG_ATTRIBUTE3 must have a DEFAULT statement because it was specified that null or not found is allowed.” 
What is the cause of the error? (Choose the best answer.)
  1. misuse of context
  2. uninitialized variable 
  3. incorrect operator usage
  4. syntax error
Correct answer: C
Question 10
A corporation is implementing Oracle Fusion Workforce Compensation and must set up compensation history. Identify the three correct options regarding the salary component. (Choose three.)
  1. The base rate shown in the salary section is the most recent pay rate.
  2. The base rate shown in the salary section is the average of the pay rate for the entire year.
  3. The growth rate shown in the details shows both cumulative and average annual salary growth rates.
  4. The base rate shown in the previous years is the pay rate on 31 December of each year.
Correct answer: ACD
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