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

1Z0-1049-21 pass collection

Exam Code: 1Z0-1049-21

Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials

Updated: Aug 29, 2026

Q & A: 180 Questions and Answers

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Compensation Foundation- Compensation Components Setup
  • 1. Eligibility Profiles
  • 2. Compensation Categories
  • 3. Compensation Objects
Topic 2: Workforce Compensation Processing- Compensation Cycle Management
  • 1. Refresh and Publish Data
  • 2. Compensation Processes
  • 3. Batch Processes
  • 4. Plan Validation
Topic 3: Individual Compensation- Awards and Compensation Management
  • 1. Compensation History
  • 2. Awards and Spot Bonuses
  • 3. Individual Compensation Plans
Topic 4: Compensation Analytics and Reporting- Reporting and Analysis
  • 1. Compensation Analytics
  • 2. Workforce Compensation Reports
  • 3. Audit and Monitoring
Topic 5: Workforce Compensation Plans- Plan Configuration
  • 1. Worksheet Configuration
  • 2. Budget Setup
  • 3. Column and Component Design
  • 4. Plan Access
Topic 6: Base Pay- Salary Administration
  • 1. Manage Base Pay
  • 2. Compensation Zones
  • 3. Salary Basis
  • 4. Grade Rates
  • 5. Salary Components
Topic 7: Compensation Statements- Statement Configuration
  • 1. Statement Definitions
  • 2. Generate Compensation Statements
  • 3. Display Components

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question 1

What happens if you include ineligible workers on the worksheet? (Choose the best answer.)

A. It displays ineligible workers but managers can allocate compensation, promote workers, and rate worker performance.
B. It does not display ineligible workers and managers cannot allocate compensation, promote workers, or rate worker performance.
C. It displays ineligible workers but managers cannot allocate compensation, promote workers, or rate worker performance.
D. It does not display ineligible workers but managers can allocate compensation, promote workers, or rate worker performance.


Question 2

A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. Which is the building block used in the calculation of deductions and exemptions? (Choose the best answer.)

A. Deduction range Values
B. Deduction range group
C. Deduction ranges
D. Deduction overrides


Question 3

Which is the correct priority of deduction information from highest to lowest? (Choose the best answer.)

A. 1. Personal deduction card (payroll relationship level). 2. Payroll statutory unit deduction card. 3. Tax reporting unit deduction card. 4. Payroll deduction range values (legislative data group level).
B. 1.Personal deduction card (payroll relationship level). 2. Payroll deduction range values (legislative data group level) 4. Payroll statutory unit deduction card. 4. Tax reporting unit deduction card.
C. 1.Personal deduction card (payroll relationship level). 2. Tax reporting unit deduction card. 3. Payroll statutory unit deduction card. 4. Payroll deduction range values (legislative data group level).
D. 1. Payroll statutory unit deduction card. 2. Tax reporting unit deduction card. 3. Payroll deduction range values (legislative data group level) 4. Personal deduction card (payroll relationship level).


Question 4

Identify three correct statements about changes in an employee's compensation when the employee's FTE value changes in employment. (Choose three.)

A. If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
B. If the salary start date is after the current date (that is, it is a future-dated salary record), theFTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value.
C. If the salary record end date is 31-DEC-4712 (that is, the date is "blank" in the salary UI), the FTE value is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value.
D. If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
E. If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary andAnnual FT Salary are calculated by using that value.


Question 5

What are two attributes of primary element classifications? (Choose two.)

A. They are user defined.
B. They arepredefined.
C. They are editable.
D. They are not editable.
E. They are globally applicable.


Solutions:

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

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