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

1Z0-1049-21 real exams

Exam Code: 1Z0-1049-21

Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials

Updated: Sep 08, 2026

Q & A: 180 Questions and Answers

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

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

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question 1

Which two tasks are true aboutcomponents in worksheet configurations? (Choose two.)

A. Each component has to be of a separate type, such as salary or bonus.
B. There is the flexibility to add any number of components within a compensation plan.
C. Plans must have at least one component if awarding compensation.
D. You can create up to five components to represent the different types of compensation that you want to award within a plan.


Question 2

While configuring the Budget page, you enable the "Compensation Performance Rating" column from which section? (Choose the best answer.)

A. Summary
B. Worker List
C. Detail table
D. Information
E. Actions


Question 3

Which three tasks are part of Plan Foundation Configuration Options? (Choosethree.)

A. Plan Access
B. Alerts
C. Components
D. Feedback Survey
E. Plan Currency


Question 4

During the compensation review cycle, which two actions occur when a manager is allocated a zero or null budget? (Choose two.)

A. The manager will have read-only access.
B. The available budget becomes negative when the manager makes allocations.
C. The manager can manually allocate some budget for his team.
D. The manager does not have access to the plan.


Question 5

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 all other details are auto-populated excluding thehistory category.
B. 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.
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.


Solutions:

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

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