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

  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
  • Updated: May 29, 2026
  • Q & A: 180 Questions and Answers

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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. When initiating an award, what is correct regarding possible workflow tasks? (Choose the best answer.)

A) You must use VariableAllocationFYITask and not VariableAllocationTask.
B) You may use either VariableAllocationTask and VarialbeAllocationFYITask
C) You must use VariableAllocationTask and edit the rules if using only for notification.
D) You must use VariableAllocationTaskand not VariableAllocationFYITask.


2. A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses withsimilar or related compensation items.
How will you configure this requirement in the Fusion application? (Choose the best answer.)

A) Attach performance bonuses to similar compensation items.
B) Attach performance bonuses to similar elements.
C) Attach performance bonuses to similar sources.
D) Attach performance bonuses to similar compensation categories/subcategories.


3. As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application.
Which option is the correct method to do so? (Choose the best answer.)

A) Manage Stock Grants >> Import Category
B) Manage Stock Grants >> Prepare Import Spreadsheet
C) Manage Stock Grants >> Import Source
D) Manage Stock Grants >> Import Items


4. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers toachieve this? (Choose the best answer.)

A) Use the Advanced Filter option in the worksheet to create a custom condition.
B) Use the sort feature in the worksheet to control this.
C) This cannot bedone once the population is finalized and the compensation cycle is started.
D) Control the population by using eligibility profiles.


5. As an implementation consultant, you are required to create an element that is applicable only to a set of employees who are in the Production department and who are on weekly payrolls.
What is the correct configuration to meet this requirement? (Choose the best answer.)

A) Create an element without defining Element Eligibility.
B) Create Element Eligibility with the department and specific payroll parameters.
C) Create Element Eligibility with the Legal Employer and Payroll Statutory Unit parameters.
D) Create Element Eligibility with the Grade and Position parameters.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: A
Question # 5
Answer: C

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