1Z0-1049-26 Exam Training Practice Tests (Oracle Compensation Cloud 2026 Implementation Professional)]

Question 1

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

A. The lower-level manager can withdraw the submission and reprocess the compensation allocation. B. The lower-level manager's access level is changed to "Approved." C. The worksheet goes to next level for approval. D. Lower-level managers can no longer make any updates to their worksheets. E. The lower-level manager can still make changes in the worksheet and resubmit it for approval.

Correct Answer: A,B,C

Question 2

What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)

A. Multiple components can have a single budget. B. Budgets cannot be separate for each component. C. Budgets can be separate for each component. D. Multiple components cannot have a single budget.

Correct Answer: A,C

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Question 3

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. Set the preferred currency in the worksheet. B. Display the corporate currency. C. Enable Currency Switching. D. Use fast formula to display the employee currency using conversion rates.

Correct Answer: C

Question 4

An organization uses Compensation Statement for its workers in the UK. One of the categories used in the statement has the display name as One-Time Bonus. As an implementation consultant, you are in the process of configuring a new Compensation Statement for workers in Indi a. You decide to reuse the category for the new Compensation Statement. In the process of configuring the Statement Definition, you update the Compensation Category display name to Annual Bonus. However, when the Compensation Statement for workers in the UK displays, it continues to show the Category display name as One-Time Bonus.
What is the cause for this? (Choose the best answer.)

A. Workers in the UK need to refresh their statements in order to see the updated display name. B. The Compensation Category display name is specific to a Statement Definition. C. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions. D. After the Compensation Statement is generated for workers in India, the Category display name of Annual Bonus will start reflecting in the Compensation Statement of workers in the UK.

Correct Answer: D

Question 5

You are configuring a work-administered individual compensation plan where your workers can enroll in the plan anytime during the year, but can discontinue their contributions only in the month of March each year. How should you achieve this? (Choose the best answer.)

A. Make the plan available for all actions in the list with access level for each action Always allowed. B. Do not select any additional actions other than Manage Contributions with access level as Create: Always allowed; Update: Allowed during a specified period; Discontinuing: Never allowed. C. Select specific HR actions such as transfer, promotion, and new hire for the plan with access level for each action allowed during a specific period. D. Do not select any additional actions other than Manage Contributions with access level for each action as Create: Always allowed; Update: Never allowed; Discontinuing: Allowed during a specified period.

Correct Answer: D

Question 6

A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning.
What is true about the subclassifications for the created element? (Choose the best answer.)

A. Once a sub-classification is associated with a classification, it cannot be associated with another classification. B. Elements can have only one sub-classification. C. Sub-classifications provide a way to feed elements. D. A sub-classification name cannot be reused under a different primary classification.

Correct Answer: A

Question 7

The compensation manager wants to run the batch process to start the compensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)

A. It backs out unrestricted events for participants. B. It removes unneeded transaction data from prior plan cycles. C. It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes. D. It backs out started and processed events for participants.

Correct Answer: C

Question 8

A corporation has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels. (Choose four.)

A. Department Level B. Management Chain C. Job Level D. Resource E. Supervisory F. Position

Correct Answer: A,C,D,E

Question 9

You are required to explain to your client the use of Hierarchy design in Compensation Process. Which two Compensation-related activities use Hierarchy? (Choose two.)

A. Allocating budgets B. Feedback survey C. Sending Compensation alerts D. Approval routing E. Plan access

Correct Answer: A,D

Question 10

Identify the list builder that is used in the delivered variable allocation task that appears to all allocations. (Choose the best answer.)

A. Static Approval Group B. Supervisory Hierarchy C. Position Hierarchy D. Dynamic Approval Group E. Auto Approval

Correct Answer: C

Question 11

Identify the four correct options about the summary tables in the compensation history. (Choose four.)

A. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year. B. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares. C. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate. D. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts. E. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.

Correct Answer: A,B,C,D

Question 12

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

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

Correct Answer: C

Question 13

While configuring Workforce Compensation Plan, you specify Performance Rating date in Plan Cycle as the same in multiple plans.
What will happen when the manager updates a compensation performance rating in the worksheet of one plan? (Choose the best answer.)

A. The rating will be available to only the plan where it is updated. B. The rating will be available to all plans that are currently active. C. The rating will be available to all plans with the same Performance Rating date in Plan Cycle. D. The rating will be available to only the plans where the same manager is involved.

Correct Answer: B

Question 14

An administrator of a corporation needs to view a worker's salary basis, change it, view the salary history, and do a graphical analysis of changes made to the salary. However, the administrator is not able to do these things.
Identify the three correct roles that will give the administrator access to complete the process. (Choose three.)

A. Expenses Manager B. HR Specialist C. Compensation Manager D. Line Manager

Correct Answer: B,C,D

Oracle Compensation Cloud 2026 Implementation Professional - 1Z0-1049-26 Exam Practice Test