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Oracle Compensation Cloud 2021 Implementation Essentials : 1Z0-1049-21 Exam
- Exam Code: 1Z0-1049-21
- Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
- Updated: Sep 22, 2026
- Q & A: 180 Questions and Answers
About Oracle Compensation Cloud 2021 Implementation Essentials : 1Z0-1049-21 Exam Questions
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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Individual Compensation | - Awards and Compensation Management
|
| Topic 2: Compensation Foundation | - Compensation Components Setup
|
| Topic 3: Workforce Compensation Processing | - Compensation Cycle Management
|
| Topic 4: Elements, Balances, and Formulas | - Write Fast Formulas - Manage Balances - Define Elements |
| Topic 5: Workforce Compensation Plans | - Plan Configuration
|
| Topic 6: Base Pay | - Salary Administration
|
| Topic 7: Total Compensation Statements | - Statement Configuration
|
| Topic 8: Compensation Analytics and Reporting | - Workforce Compensation Reports - Compensation Analytics - Audit and Monitoring |
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
Question #1
Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)
- A. You can display overall and calculated performance ratings given in the Performance Management system andprovide access to the full performance document from within the worksheet.
- B. You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
- C. You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.
- D. You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status.
- E. You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.
Correct Answer: A,B,D,E 🗳️
Question #2
Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under one global compensation plan. However, the managers in each country want to administer compensation in their country's respective currency. How would you enable this feature?(Choose the best answer.)
- A. Enable Currency Switching.
- B. Set the preferred currency in the worksheet.
- C. Display the corporate currency.
- D. Use fast formula to display the employee currency using conversion rates.
Correct Answer: A 🗳️
Question #3
What are two attributes of primary element classifications? (Choose two.)
- A. They are editable.
- B. They arepredefined.
- C. They are user defined.
- D. They are not editable.
- E. They are globally applicable.
Correct Answer: C,D 🗳️
Question #4
The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which fouroptions regarding compensation modeling are correct? (Choose four.)
- A. A model can be shared with the direct reports of the creator.
- B. Access of a model is limited only to the creator of the model.
- C. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
- D. Managers cannot sharea model created by them.
- E. Managers can use a model created by compensation professionals.
- F. Managers can create their own models and use them.
Correct Answer: A,C,E,F 🗳️
Question #5
As an implementation consultant, you want to override the currency on the item definition. The United States Dollar currency iscurrently specified on it. This needs to be overridden to the Indian Rupee. What are the two approaches that you should use to override the currency of the compensation item from the United States Dollar to the Indian Rupee? (Choose two.)
- A. Define the source type as Benefit Balance, which has currency specified in the Indian Rupee.
- B. Define a Category that includes the item and has currency defined as the IndianRupee.
- C. Define a Compensation Statement Definition that includes the item and has currency defined as the Indian Rupee.
- D. Define a formula that retrieves compensation and specifies currency as the Indian Rupee.
Correct Answer: A 🗳️
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