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: Jul 31, 2026

Q & A: 180 Questions and Answers

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Compensation Cloud Overview- Core Concepts of Workforce Compensation
- Key Features and Business Use Cases
Topic 2: Compensation Plans and Cycles- Cycle Setup and Administration
- Plan Design and Eligibility Rules
Topic 3: Setup and Configuration- Enterprise Structures and Security Setup
- Basic Compensation Configuration
Topic 4: Budgeting and Workforce Compensation- Manager Budget Distribution
- Budget Allocation Methods
Topic 5: Reporting and Analytics- Dashboards and Metrics
- Standard Compensation Reports
Topic 6: Worksheet Management- Worksheet Configuration and Fields
- Manager and Employee Interaction
Topic 7: Approvals and Security- Role-Based Access Control
- Approval Workflow Configuration
Topic 8: Implementation and Maintenance- Deployment Considerations
- System Maintenance and Updates

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which four options are valid refresh options for the Refresh Data process? (Choose four.)

A) Refresh Base and Eligible Salary
B) Refresh Manager Hierarchy
C) Refresh Plan Currency
D) Refresh HR Data
E) Refresh Plan Access
F) Refresh summary totals
G) Reevaluate Eligibility


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


3. Which four tasks are part of Worksheet Configuration Options? (Choose four.)

A) Compensation change statements
B) Components
C) Plan cycles
D) Models
E) Performance ratings
F) Alerts


4. What additional action would yourecommend to your customer for worker-administered plans to control plan availability in addition to HR actions? (Choose the best answer.)

A) Manage Variable Allocations
B) Manage Contributions
C) Manage Worker Contributions
D) Manage Individual Contribution
E) Allocate Workforce Compensation


5. A corporation has set up an individual compensation plan for a contribution. This contribution needs an approval hierarchy to be set up.
Identify the four correct optionsregarding approval setup. (Choose four.)

A) Task attachments cannot be sent using email notifications.
B) Expiry, Escalation, and renew settings are possible for notifications.
C) Approvals can be set up to be completed when one of the approvers takes an action such as Approve or Reject.
D) The notifications sent to the approvers can be made actionable.
E) Reminders can be set for a fixed duration either before expiration or after assignment.


Solutions:

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

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