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

  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
  • Updated: Jul 30, 2026
  • Q&As: 180 Questions and Answers

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Budgeting and Workforce Compensation- Budget Allocation Methods
- Manager Budget Distribution
Implementation and Maintenance- System Maintenance and Updates
- Deployment Considerations
Compensation Cloud Overview- Core Concepts of Workforce Compensation
- Key Features and Business Use Cases
Worksheet Management- Manager and Employee Interaction
- Worksheet Configuration and Fields
Compensation Plans and Cycles- Plan Design and Eligibility Rules
- Cycle Setup and Administration
Setup and Configuration- Enterprise Structures and Security Setup
- Basic Compensation Configuration
Reporting and Analytics- Standard Compensation Reports
- Dashboards and Metrics
Approvals and Security- Role-Based Access Control
- Approval Workflow Configuration

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Workforce Compensation. Per business requirements, the Fusion consultant must integrate Oracle Fusion Workforce Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amountas one of the input values for the Benefit element to get the eligible salary of an employee for the compensation process.
Identify the option that will enable fetching of the Benefits Amount value. (Choose the best answer.)

A) Create an "Amount" input value at the element eligibility link level.
B) Database items are created by default for the element input values.
C) Select "Pay Separately" as the "Special Purpose" option.
D) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.


2. An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator accessto complete the process. (Choose the best answer.)

A) Line Manager
B) Compensation Manager
C) Compensation Administrator
D) HR Specialist


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

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


4. 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 stoppedonly 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 thefollowing restrictions:
Create Allocations: Always
Update Allocations: Specific period Sep 1 - Sep 30
Discontinue Allocations: Specific period Sep 1 - Sep 30
C) 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
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


5. A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up Calculation Factors for the deduction elements setup.
Which two statements are correct regardingthe Calculation Factors? (Choose two.)

A) The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.
B) Calculation Factors indicate which deduction range to use when calculating the deduction amount.
C) The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.
D) Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.


Solutions:

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

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