[Feb-2022] Updated Oracle Benefits Cloud 1Z0-1053-20 Exam Questions BUNDLE PACK
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What is the duration, language, and format of Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 Exam
- Format: Multiple choices, multiple answers
- Language: 1z0-1053-20 offered in English (U.S.)
- Number of Questions: 55
- Length of Examination: 85 minutes
- Passing score: 70%
NEW QUESTION 21
XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?
- A. Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.
- B. Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan
- C. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
- D. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.
Answer: A
NEW QUESTION 22
A plan is created for a calendar year from January 1, 2017 and ends on December 31, 2017. The company wants to create an event on the occurrence of life event date.
What will be the life event start date?
- A. as of rate start date
- B. as of enrollment start date
- C. as of coverage start date
- D. as of event start date
Answer: D
NEW QUESTION 23
Which is NOT a derived factor type?
- A. Hours Worked
- B. Full-Time Equivalent
- C. Compensation
- D. Grade
Answer: D
Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5
NEW QUESTION 24
A company offers its employees a choice of four plans within a health insurance plan type. However, the company wants to compulsorily enroll an employee into one plan.
What must the minimum and maximum plan limit be set at Plan Type level?
- A. Min = 1, Max - 1
- B. Min = 0, Max = 1
- C. Min = 0, Max = 0
- D. Min = 1, Max = 2
Answer: D
NEW QUESTION 25
Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers.
What can you define so that participants who are covered by a plan for less than a full have no premium obligation?
- A. Standard Coverage Volume
- B. Standard Rate Value
- C. Standard wash Rule formula
- D. Standard input Value
Answer: D
NEW QUESTION 26
Which two statements are true about Enrollment Authorizations?
- A. They are optional to implement. If implemented, performing the authorization task is optional for the participant.
- B. If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.
- C. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
- D. They appear several times if the participant enters self-service multiple times for a single life event.
- E. They appear only the first time that the participant enters self-service enrollment for multiple life events.
Answer: A,E
NEW QUESTION 27
This is the configuration of a collapsing life event rule:
Life event = Marriage & Dependent
Operator = AND
Resulting Event Name = Dependent
Life Event Occurred Date = Earliest Life Event Occurred Date
Proximity Days = 0
You run the collapsing rule in the scenario:
1. Marriage event occurs on August 1, 2015.
2. Dependent event occurs on August 1, 2015.
What is the result?
- A. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
- B. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
- C. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
- D. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
Answer: B
NEW QUESTION 28
A benefits administrator goes to the Enrollment task and finds the following under, the life event summary:
1. Address Change life event status: Detected
2. New Hire life event: Manual
What does this status signify?
- A. A New Hire life event was manually selected, or the Configure the Timeliness Evaluation setting of a particular life event set the An Address Change event was triggered for the person and participation evaluate processing has not yet evaluated it.
- B. A New Hire life event was manually selected.
An Address Change event was triggered for the person, and participation evaluation processing has not yet evaluated it. - C. A New Hire life event was manually selected.
An Address Change event was triggered for the person and participation evaluation processing was evaluated. - D. A New Hire life event was manually selected.
An Address Change event is yet to be triggered and processed for, the employee.
Answer: A
NEW QUESTION 29
You are a benefits consultant implementing for a company that offers a life Insurance plan for employees with only one option -Employee Plus Family. The rate for this option is dependent on various factor5 like age/smoking status/gender:
A female employee in the under 40 age group, who is a smoker, wants to purchase $100,000 of life insurance.
The plan would be 2.1 (100,000 * 0.21/1000), considering 5100,000 is the coverage she opts for. The calculation is -> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).
How can you configure a rate for the company's plan?
- A. Configure a primary rate with the calculation method as Multiple of Coverage.
- B. Configure a fast formula calling this table. Configure a secondary standard rate with the calculation method as Formula. Then create another standard rate with type and the calculation method aS Multiple of Parent.
- C. Configure a secondary rate with the calculation method as Multiple of Coverage.
- D. Configure an eligibility profile with age-derived factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage.
Answer: A
NEW QUESTION 30
The benefits administrator runs an open enrollment window on March 1, 2017 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2017. What could be a reason for this?
- A. The life event date configured for XX Life Program is not 15 March 2017
- B. There is no configuration for open enrollment for the XX Life Program.
- C. The benefits administrator has a login from the previous date to that of 15 March 20l7.
- D. A cycle has already run for open enrollment, so no life event date is available.
Answer: C
NEW QUESTION 31
An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?
- A. Dependent/Beneficiary designation can only be done on the plan enrollment page (where an employee chooses options). So, this cannot be achieved.
- B. This can be achieved via configuration.
- C. This cannot be achieved.
- D. This can be achieved via customization only.
Answer: B
NEW QUESTION 32
Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self-Set vice.
How do you accomplish this requirement?
- A. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
- B. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- C. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
- D. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
- E. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
Answer: D
NEW QUESTION 33
Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2018. What two steps must you perform as an administrator to stop existing participant enrollments and prevent new enrollments?
- A. Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active.
- B. Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active,
- C. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
- D. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.
- E. Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
Answer: B
NEW QUESTION 34
Can you upload student and disability status for multiple persons at one time?
- A. Yes, it can be accomplished through the spreadsheet loader.
- B. Yes, it can be accomplished by creating a benefit group.
- C. No, this option isn't available.
- D. Yes, it can be accomplished through a benefit administrator task.
Answer: A
NEW QUESTION 35
XX Global Health Plan has multiple options attached.
* Option i: XX Annual Health Insurance
* Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event - Termination?
- A. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Number of Days from the event" as the enrollment period start date and the number field as 15. - B. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula. - C. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
- D. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula. - E. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
Answer: B
NEW QUESTION 36
Can you change the column text of primary and secondary rates on the Benefit self-service page?
- A. No, a change option is not available in the Configure Grouping Display task.
- B. Yes, a change option is available in the Enrollment Configuration task.
- C. Yes, a change option is available in the Configure Grouping Display task.
- D. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.
Answer: C
NEW QUESTION 37
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Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 Certification Path
The 1z0-1053-20 Certification is basic level certification organized by Oracle mainly focussing on the area of configuration and implementation of Oracle HCM Cloud Benefits Service solutions. There is no prerequisite for this exam. Anyone who has the determination of learning about Cloud 2020 Implementation Essentials can prepare and appear for this exam.
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