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

1Z0-1049-21 Exam Questions
  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
  • Updated: Sep 14, 2026
  • Q & A: 180 Questions and Answers
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Oracle 1Z0-1049-21 Exam Syllabus Topics:

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

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question #1

Identify the four components that can be included in a fast formula. (Choose four.)

  • A. Input statement
  • B. Assignment statements
  • C. Comments
  • D. Symbolic variables
  • E. Output statement
  • F. Conditions
Reveal Solution  Discussion  0

Correct Answer: A,B,C,F  🗳️

Question #2

Identify the correct option regarding the Payroll element details in the compensation history setup. (Choose the best answer.)

  • A. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
  • B. Any payroll element can be added and all other details are auto-populated excluding thehistory category.
  • C. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
  • D. Any payroll element can be added and all other details are auto-populated including the history category.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

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. Use both Performance Management ratings and compensation ratings.
  • B. Integrate with Oracle Fusion Performance Management.
  • C. Use compensation performance ratings.
  • D. Integrate with Oracle Fusion Goal Management.
  • E. Integrate with Oracle Fusion Profile Management.
Reveal Solution  Discussion  0

Correct Answer: A,B,C  🗳️

Question #4

The compensation plan that is implemented for your customer has a column that defaults based on a dynamic column. However, as per the customer's requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the "Refresh Data" process is run. How can a compensation administrator achieve this? (Choose the best answer.)

  • A. by deselecting the Change Worksheet Data triggering event in the dynamic column
  • B. by deselecting the Refresh Data triggering event in the dynamic column
  • C. by setting up the properties of the column as updatable only once
  • D. by deselecting the Start Compensation Cycle triggering event in the dynamic column
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)

  • A. Non Monetary Values
  • B. Monetary Values
  • C. Dates
  • D. morethan one nonmonetary unit of measure
  • E. Text
Reveal Solution  Discussion  0

Correct Answer: A,C,E  🗳️

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