Oracle Workforce Compensation Cloud 2017 Implementation Essentials

QUESTION NO: 1
Identify three correct statements about changes in an employee's compensation when the employee's FTE value changes in employment. (Choose three.)

A. If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value. B. If the salary start date is after the current date (that is, it is a future-dated salary record), the FTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value. C. If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value. D. If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value. E. If the salary record end date is 31-DEC-4712 (that is, the date is "blank" in the salary UI), the FTE value is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value.

Correct Answer: E

QUESTION NO: 2
When upper-level managers change the plan access of one or more lower-level managers, they receive a notification informing them about the change in access. Which option do they receive to act on the notification? (Choose the best answer.)

A. Reply B. Dismiss C. Accept D. Reject

Correct Answer: A

QUESTION NO: 3
As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct? (Choose the best answer.)

A. You can add items to statement definitions directly. B. You cannot add items to statement definitions directly, and you cannot add items to a compensation category. C. To include items in statements you must add items to a compensation category. D. You can add items to statement definitions directly, and to include items in statements you must add items to a compensation category.

Correct Answer: C

QUESTION NO: 4
What is the relationship between Net Pay and Earnings? (Choose the best answer.)

A. Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run. B. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run. C. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run. D. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.

Correct Answer: D

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 5
Which three dates are mandatory while creating plan cycles? (Choose three.)

A. Worksheet Update Period Start Date B. HR Data Extraction Date C. Default Due Date D. Plan Access Start Date E. Evaluation Period Start Date F. Performance Rating Date

Correct Answer: A,D,E

QUESTION NO: 6
As compensation manager, you are generating a total compensation statement for a corporation. Which two options are mandatory to be used as inputs while generating the total compensation statement? (Choose two.)

A. Statement Period B. Legal Employer C. Statement Definition Name D. Compensation Category

Correct Answer: A,D

QUESTION NO: 7
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. Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry. B. Formula will require you to specify the Legislative Data Group as the Additional Data Entry. C. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry. D. Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

Correct Answer: B,C

QUESTION NO: 8
Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people? (Choose the best answer.)

A. Employment-based-eligibility-criteria using length of service B. Derived -factor-based eligibility criteria using length of service C. User-defined-criteria-based eligibility profile using hire date D. Employment-based eligibility criteria suing hire date

Correct Answer: A

QUESTION NO: 9
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 form the Evaluation period start date, which is always prior to the Worksheet update 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 once it is past the eligibility determination date.

Correct Answer: A

QUESTION NO: 10
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

A. Compensation amounts Selection B. Compensation Person Selection C. Compensation Organization Selection D. Compensation Item Selection E. Compensation Currency Selection

Correct Answer: A,D

QUESTION NO: 11
Your customer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)

A. the date when bonus is awarded to workers B. the date that statements become available to workers C. an optional welcome message D. the conversion rate date for currency conversions E. the date when merit increases are awarded to workers

Correct Answer: A,B,C

QUESTION NO: 12
How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)

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

Correct Answer: C

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 13
Your client's organization is a multi-country organization with headquarters in the US, and managers have direct reports in different countries.
In which three ways can the compensation currency be displayed? (Choose three.)

A. Preferred currency B. The corporate currency C. Only one currency can be displayed D. Each employee's local currency

Correct Answer: A,B,D

QUESTION NO: 14
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. You can create up to five components to represent the different types of compensation that you want to award within a plan. C. Plans must have at least one component if awarding compensation. D. Each component has to be of a separate type, such as salary or bonus.

Correct Answer: B,C

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 15
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. Information B. Legal Employer C. General D. Default Value

Correct Answer: C,D

Oracle Workforce Compensation Cloud 2017 Implementation Essentials - 1Z1-330 Exam Questions