Oracle 1Z0-330 Online Practice Questions and Exam Preparation

Oracle 1Z0-330 Online Questions & Answers

• Question 21:

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

• Question 22:

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

  A. Plans must have at least one component if awarding compensation.
  B. You can create up to five components to represent the different types of compensation that you want to award within a plan.
  C. Each component has to be of a separate type, such as salary or bonus.
  D. There is the flexibility to add any number of components within a compensation plan.
  A. Plans must have at least one component if awarding compensation.
  B. You can create up to five components to represent the different types of compensation that you want to award within a plan.

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  Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm (see worksheet, first bulleted point)

• Question 23:

  Your customer must use Grade Ladders to suit the industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)

  A. by associating the Grade Ladders with legal entities
  B. by using LDG-specific Grade Min, Max, and Mid Point rate values
  C. by using Min, Max, and Mid Point rate values
  D. by using steps and rate values
  C. by using Min, Max, and Mid Point rate values

• Question 24:

  Identify the four correct options about the summary tables in the compensation history. (Choose four.)

  A. The Salary summary table gives detailed information about salary history, percentage change, compa- ratio, and growth rate.
  B. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
  C. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
  D. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
  E. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
  A. The Salary summary table gives detailed information about salary history, percentage change, compa- ratio, and growth rate.
  B. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
  D. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
  E. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.

• Question 25:

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

• Question 26:

  While administering compensation for the workforce, a manger accidentally approves a lower manager's worksheet. Which three statements will be true in this case? (Choose three.)

  A. The lower-level manager can withdraw the submission and reprocess the compensation allocation.
  B. The lower-level manager's access level is changed to "Approved."
  C. Lower-level managers can no longer make any updates to their worksheets.
  D. The worksheet goes to next level for approval.
  E. The lower-level manager can still make changes in the worksheet and resubmit it for approval.
  A. The lower-level manager can withdraw the submission and reprocess the compensation allocation.
  B. The lower-level manager's access level is changed to "Approved."
  D. The worksheet goes to next level for approval.

• Question 27:

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

• Question 28:

  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 suing hire date
  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 using length of service
  D. Employment-based-eligibility-criteria using length of service

• Question 29:

  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. Individual users
  B. Groups
  C. Application roles
  D. Duty roles
  B. Groups
  C. Application roles
  D. Duty roles

• Question 30:

  A corporation has generated total compensation statements and all workers received their total compensation statements. As a compensation executive, you realize that some corrections are needed in the generated statements. Which corrective action will you take? (Choose the best answer.)

  A. Educate the workers that corrections are not possible after the total compensation statements have been generated.
  B. Ignore any corrective action.
  C. Edit "Statement Definition," make the required corrections, and regenerate the total compensation statements as a newer version.
  D. Start manual changes in each worker's total compensation statement.
  C. Edit "Statement Definition," make the required corrections, and regenerate the total compensation statements as a newer version.