Oracle 1Z0-1049-26 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z0-1049-26
Exam Name/Title: Oracle Compensation Cloud 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud

Exam Questions: 180
Updated On: Jun 29, 2026

Question #1

A corporation has implemented Oracle Fusion Workforce Compensation. Per business requirements, the Fusion consultant must integrate Oracle Fusion Workforce Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of an employee for the compensation process.
Identify the option that will enable fetching of the Benefits Amount value. (Choose the best answer.)

A. Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.

B. Create an "Amount" input value at the element eligibility link level.

C. Select "Pay Separately" as the "Special Purpose" option.

D. Database items are created by default for the element input values.

Discussion 0

Correct Answer: A Vote an answer

Question #2

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 Source

B. Manage Stock Grants >> Prepare Import Spreadsheet

C. Manage Stock Grants >> Import Items

D. Manage Stock Grants >> Import Category

Discussion 0

Correct Answer: B Vote an answer

Question #3

You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

A. The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.

B. The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.

C. The task applies to selected allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.

D. The task is only for notification and has no rules.

Discussion 0

Correct Answer: C Vote an answer

Question #4

The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct? (Choose four.)

A. Managers can create their own models and use them.

B. Managers can use a model created by compensation professionals.

C. Managers cannot share a model created by them.

D. A model can be shared with the direct reports of the creator.

E. Access of a model is limited only to the creator of the model.

F. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.

Discussion 0

Correct Answer: A,B,D,F Vote an answer

Question #5

Your customer must use Grade Ladders to suit the industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)

A. by associating the Grade Ladders with legal entities

B. by using LDG-specific Grade Min, Max, and Mid Point rate values

C. by using steps and rate values

D. by using Min, Max, and Mid Point rate values

Discussion 0

Correct Answer: D Vote an answer

Question #6

Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation? (Choose the best answer.)

A. Employee termination

B. Any custom alert

C. Leave of Absence

D. Allocation exceeding target

Discussion 0

Correct Answer: C Vote an answer

Question #7

A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage? (Choose the best answer.)

A. No impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.

B. Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.

C. Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.

D. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.

Discussion 0

Correct Answer: C Vote an answer

Question #8

A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it. (Choose the best answer.)

A. Set up role-based security to the individual compensation work area so that only managers are allowed.

B. Set up a salary basis and restrict the eligibility to the required roles.

C. They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.

D. Set up access restrictions to the individual compensation plan using the correct HR action so that it can be added only to the specific roles.

Discussion 0

Correct Answer: C Vote an answer

Question #9

Which two statements are true about Base Pay? (Choose two.)

A. For Base Pay earnings elements, eligibility is determined by the deduction basis that is assigned to the worker.

B. You enter a salary basis for each worker that becomes the worker's Base Pay earnings.

C. You attach elements at various levels in the Salary object hierarchy to create deductions and earnings that can be processed in a payroll run to calculate Base Pay.

D. You attach a single earnings element to each salary basis to hold Base Pay earnings, and assign a salary basis to each worker to calculate Base Pay.

E. For Base Pay earnings elements, eligibility is determined by the salary basis that is assigned to the worker.

Discussion 0

Correct Answer: D,E Vote an answer

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