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Oracle 1Z0-1049-21 Questions & Answers - in .pdf

1Z0-1049-21 pdf
  • Total Q&A: 180
  • Update: Jul 20, 2026
  • Price: $59.99
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  • Vendor: Oracle
  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
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Oracle 1Z0-1049-21 Q&A - Testing Engine

1Z0-1049-21 Study Guide
  • Total Q&A: 180
  • Update: Jul 20, 2026
  • Price: $59.99
Testing Engine
  • Vendor: Oracle
  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Individual Compensation- Awards and Compensation Management
  • 1. Compensation History
    • 2. Individual Compensation Plans
      • 3. Spot Bonuses
        Compensation Foundation- Compensation Components Setup
        • 1. Compensation Categories
          • 2. Eligibility Profiles
            • 3. Compensation Objects
              Compensation Analytics and Reporting- Workforce Compensation Reports
              - Audit and Monitoring
              - Compensation Analytics
              Workforce Compensation Plans- Plan Configuration
              • 1. Budget Setup
                • 2. Plan Access
                  • 3. Column and Component Design
                    • 4. Worksheet Configuration
                      Workforce Compensation Processing- Compensation Cycle Management
                      • 1. Plan Validation
                        • 2. Refresh and Publish Data
                          • 3. Transfer Data to HR
                            • 4. Batch Processes
                              Elements, Balances, and Formulas- Define Elements
                              - Manage Balances
                              - Write Fast Formulas
                              Base Pay- Salary Administration
                              • 1. Manage Base Pay
                                • 2. Salary Basis
                                  • 3. Grade Rates
                                    • 4. Compensation Zones
                                      • 5. Salary Components
                                        Total Compensation Statements- Statement Configuration
                                        • 1. Generate Statements
                                          • 2. Statement Definitions
                                            • 3. Display Components

                                              Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

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

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


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

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


                                              3. A corporation has implemented Oracle Fusion Workforce Compensation and set up an individual compensation plan with the following details.
                                              * Name: Variable component
                                              * Restrict plan access: Yes
                                              * Action: Manage Contributions
                                              * Access Level: New
                                              * Allocations: Always Allow
                                              * Update Allocations: Never Allow
                                              * Discontinue Allocations:"Allowed during a specific period" with the period start and end dates configured.
                                              Identify the correct option for the possible actions. (Choose the best answer.)

                                              A) Only managers will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
                                              B) The plan setup is always for HR totake actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
                                              C) All Employees will be able to start the contribution anytime, update never, butdiscontinue during the period defined.
                                              D) The contribution will be automatically added to all the employees in the payroll andHR can discontinue allocations on a request basis.


                                              4. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available? (Choose three.)

                                              A) Integrate with Oracle Fusion Profile Management.
                                              B) Integrate with Oracle Fusion Goal Management.
                                              C) Use both Performance Management ratings and compensation ratings.
                                              D) Integrate with Oracle Fusion Performance Management.
                                              E) Use compensation performance ratings.


                                              5. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement? (Choose four.)

                                              A) Formula
                                              B) Deduction Range
                                              C) Payroll Balance
                                              D) Benefit Balance
                                              E) Input Value
                                              F) Element Entry


                                              Solutions:

                                              Question # 1
                                              Answer: C
                                              Question # 2
                                              Answer: D
                                              Question # 3
                                              Answer: C
                                              Question # 4
                                              Answer: C,D,E
                                              Question # 5
                                              Answer: A,C,D,F

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                                              1Z0-1049-21 Related Exams
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