Oracle 1Z0-1049-21 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z0-1049-21
Exam Name/Title: Oracle Compensation Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Workforce Rewards Cloud

Exam Questions: 180
Updated On: Aug 20, 2026

Question #17

You arecreating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)

A. Minimum, Maximum, Mid Point, or Value

B. Minimum, Maximum, and Value

C. Minimum, Maximum, or Value

D. Minimum, Maximum, Mid Point, and Value

Discussion 0

Correct Answer: C Vote an answer

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Question #18

Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)

A. 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.

B. You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.

C. 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.

D. You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.

E. You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.

Discussion 0

Correct Answer: A,C,D,E Vote an answer

Question #19

Performance ratings are enabled in the compensation plan. Which three statements are correct regarding performance ratings? (Choose three.)

A. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.

B. You can allow managers to update the overall performance rating,overall goal rating, and overall competency rating in the compensation worksheet.

C. You cannot make completed performance document and corresponding ratings from Oracle Fusion Performance Management available to managers in the compensation worksheet.

D. Ifyou use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.

Discussion 0

Correct Answer: A,B,D Vote an answer

Question #20

While administering compensation for the workforce, a manger accidentally approves a lower manager's worksheet.
Which three statements will be truein this case? (Choose three.)

A. The worksheet goes to next level for approval.

B. The lower-level manager's access level is changed to "Approved."

C. The lower-level manager can withdraw the submission and reprocess the compensation allocation.

D. Lower-level managers can no longer make any updates totheir worksheets.

E. The lower-level manager can still make changes in the worksheet and resubmit it for approval.

Discussion 0

Correct Answer: A,B,C Vote an answer

Question #21

An employee of a corporation is on a weekly payroll with an hourly rate of 20 USD. Identify the correct option for the frequency shown in the base rate of compensation history. (Choose the best answer.)

A. annually, because the history must always be shown with annual amounts

B. the frequency of theemployee's salary basis

C. hourly, because the employee has hourly pay

D. weekly, because the employee is on a weekly payroll

Discussion 0

Correct Answer: D Vote an answer

Question #22

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. Text

B. Dates

C. morethan one nonmonetary unit of measure

D. Monetary Values

E. Non Monetary Values

Discussion 0

Correct Answer: A,B,E Vote an answer

Question #23

Which three statements are true about payroll deductions? (Choose three.)

A. Wage basis rules are defined at the personal level and the context value for the rule is captured on the deduction card.

B. The rates and rules that are defined on a personal deduction card cannot override the values that are defined in the deduction ranges at the legislative level.

C. A payroll deduction comprises the rates and rules that are used to calculate the deductionamount.

D. The deduction element's status processing rule drivesthe calculation, accessing the rates and rules that are defined for the related payroll deduction and the values that are captured on a personal deduction card.

E. A personal deduction card contains person-specific information that is used to calculate the deduction amount.

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #24

As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions? (Choose three.)

A. Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.

B. Compensation items with sources belonging to different legal employers cannot be added.

C. Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.

D. Edits to compensation categories affect all statement definitions that use that category.

E. The statement definition acts as a template and determines the layout and content of the generated statement.

F. The statement definition consists of compensation items added to compensation categories.

Discussion 0

Correct Answer: A,E,F Vote an answer

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