Oracle 1Z0-330 Online Practice Questions and Exam Preparation

Oracle 1Z0-330 Online Questions & Answers

• Question 101:

  Performance Ratings are enabled in a compensation plan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)

  A. Create a Rating Level for the rating model.
  B. Review points with from and to points entered for the rating level.
  C. Populate Rating Categories for all rating levels.
  D. Create Target Distributions for each of the rating levels.
  C. Populate Rating Categories for all rating levels.
  D. Create Target Distributions for each of the rating levels.

• Question 102:

  Which three dates are mandatory while creating plan cycles? (Choose three.)

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

• Question 103:

  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. 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.
  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. Make the plan available for all actions in the list with access level for each action Always allowed.
  D. 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.
  D. 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.

• Question 104:

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

• Question 105:

  A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

  

  Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage? (Choose the best answer.)

  A. No impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
  B. Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
  C. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
  D. Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
  C. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.

• Question 106:

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

• Question 107:

  Which two are element classification types? (Choose two.)

  A. Primary
  B. Secondary
  C. US-only
  D. International
  E. Global
  A. Primary
  B. Secondary

• Question 108:

  Identify the list builder that is used in the delivered variable allocation task that appears to all allocations. (Choose the best answer.)

  A. Position Hierarchy
  B. Dynamic Approval Group
  C. Static Approval Group
  D. Supervisory Hierarchy
  E. Auto Approval
  A. Position Hierarchy

• Question 109:

  A corporation is implementing Oracle Fusion Workforce Compensation and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees. Identify the correct option that will enable the organization to achieve the desired results. (Choose the best answer.)

  A. Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
  B. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire", this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
  C. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
  D. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
  D. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.

• Question 110:

  A corporation implemented Oracle Fusion Workforce Compensation. A salary basis has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.

  Which three are predefined components? (Choose three.)

  A. Regular and automatic adjustment
  B. Market adjustment due to salary being out of line with the market
  C. Equity adjustment to correct salary compression or inversion
  D. Adjustment due to corrections within the organization
  A. Regular and automatic adjustment
  B. Market adjustment due to salary being out of line with the market
  C. Equity adjustment to correct salary compression or inversion

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  Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm (salary component lookups: explained)