Oracle 1Z0-1049-21 Exam : Oracle Compensation Cloud 2021 Implementation Essentials

Oracle 1Z0-1049-21 exam
  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
  • Updated: Sep 01, 2026
  • Q & A: 180 Questions and Answers
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Oracle 1Z0-1049-21 Exam Syllabus Topics:
SectionObjectives
Individual Compensation- Awards and Compensation Management
  • 1. Spot Bonuses
    • 2. Compensation History
      • 3. Individual Compensation Plans
        Total Compensation Statements- Statement Configuration
        • 1. Statement Definitions
          • 2. Display Components
            • 3. Generate Statements
              Elements, Balances, and Formulas- Manage Balances
              - Define Elements
              - Write Fast Formulas
              Workforce Compensation Processing- Compensation Cycle Management
              • 1. Batch Processes
                • 2. Refresh and Publish Data
                  • 3. Transfer Data to HR
                    • 4. Plan Validation
                      Compensation Foundation- Compensation Components Setup
                      • 1. Eligibility Profiles
                        • 2. Compensation Objects
                          • 3. Compensation Categories
                            Compensation Analytics and Reporting- Workforce Compensation Reports
                            - Audit and Monitoring
                            - Compensation Analytics
                            Base Pay- Salary Administration
                            • 1. Compensation Zones
                              • 2. Salary Components
                                • 3. Salary Basis
                                  • 4. Grade Rates
                                    • 5. Manage Base Pay
                                      Workforce Compensation Plans- Plan Configuration
                                      • 1. Budget Setup
                                        • 2. Plan Access
                                          • 3. Column and Component Design
                                            • 4. Worksheet Configuration
                                              Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                              Question 1

                                              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.)

                                              A. The manager saved some changes to his or her worksheet.
                                              B. The first-level manager approved the manager's worksheet.
                                              C. The manager submitted his or her worksheet for approval.
                                              D. The highest-level manager or approver in the approval hierarchy approved the manager's worksheet.
                                              E. A budgetwas published to the manager.


                                              Question 2

                                              As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)

                                              A. Monetary, Nonmonetary, Date,Boolean
                                              B. Monetary, Nonmonetary, Date, Text
                                              C. Monetary, Timestamp, Boolean
                                              D. Monetary, Nonmonetary, Timestamp, Text


                                              Question 3

                                              Your customer has employees located in four countries (Unites States, Japan,India, and Germany) and each country has a specific salary range. How would you configure the salary bases? (Choose the best answer.)

                                              A. Create one salary basis and one grade rate, and define different ranges for the salary basis at the employee level.
                                              B. Create four salary bases and one grade rate, and define different ranges for the same grade rate while attaching the grade rate to the salary bases.
                                              C. Create one salary basis and four different grade rates, and attach the grade rate to the salary basis at the employeelevel.
                                              D. Create four salary bases and four grade rates, and attach the grade rates to the salary bases.


                                              Question 4

                                              A corporation implemented Oracle Fusion Core HR on a three-tier model with Multiple Employment Terms with Multiple Assignments as the employment model. An employee of the corporation has multiple assignments and multiple employment terms on different payroll frequencies.
                                              What kind of salary basis must be associated with the employee? (Choose the best answer.)

                                              A. One salary basis for each assignment and one of them can be used for the employment terms
                                              B. A different salary basis associated with each assignment or employment term.
                                              C. One salary basis for each employment terms and one of them can be used for assignment
                                              D. One salary basis for allassignments and employment terms


                                              Question 5

                                              You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

                                              A. The task applies to selected allocations, usestwo levels of the Supervisory list builder, and requires a response from the current approver.
                                              B. The task is only for notification and has no rules.
                                              C. The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.
                                              D. The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.


                                              Solutions:

                                              Question 1
                                              Answer: B
                                              Question 2
                                              Answer: D
                                              Question 3
                                              Answer: D
                                              Question 4
                                              Answer: C
                                              Question 5
                                              Answer: A

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