2021 Valid 1Z0-1053-20 test answers & Oracle Exam PDF
Free Oracle 1Z0-1053-20 Exam Questions & Answer from Training Expert CertkingdomPDF
There is the beginning of Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 Exam Certification
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Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 Exam Certification: Take the quick guide if you don’t have time to read all the pages
Oracle offers the most encompassing, up-to-date, and sought after global training and certification program for IT professionals.
Certification is evidence of your skills, expertise in those areas in which you like to work. If the candidate wants to work on 1z0-1053-20 and prove his knowledge, Certification offered by Oracle. This 1z0-1053-20 Certification helps a candidate to validates his skills in Oracle HCM Cloud Benefits Service solutions.
In this guide, we will cover the 1z0-1053-20 Exam, 1z0-1053-20 Certified professional salary and all aspects of the 1z0-1053-20 Certification.
Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 Certified Professional salary
The average salary of a 1z0-1053-20 Certified Expert in
- England - 70,632 POUND
- India - 16,42,327 INR
- Europe - 70,347 EURO
- United State - 90,247 USD
NEW QUESTION 25
Can you change the column text of primary and secondary rates on the Benefit self-service page?
- A. Yes, a change option is available in the Configure Grouping Display task.
- B. No, a change option is not available in the Configure Grouping Display task.
- C. Yes, a change option is available in the Enrollment Configuration task.
- D. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.
Answer: A
NEW QUESTION 26
Given:
1. A benefits administrator entered a New Hire event on May 1, 2015. The life event originally occurred on January 1, 2015.
2. The Transfer event occurred on January 10, 20lb.
3. The Timeliness rule was configured for both life events to 90 days and the collapsing rule was also set When the participation evaluation process runs on May 5, 2015, the process does NOT evaluate the Marriage event or collapse any events.
Which two are reasons for this?
- A. No collapsing rule was set.
- B. The Marriage event occurred before the Transfer event.
- C. The employee is not eligible for life events.
- D. The process doesn't evaluate other events that occur later than the Marriage event until you decide what action to take for that event.
Answer: D
NEW QUESTION 27
How do you configure the link between the payroll module and benefits?
- A. Link the element to the plan rate.
- B. Link the element to the plan coverage.
- C. Link the payroll to the plan coverage.
- D. Link the payroll to the plan salary basis.
Answer: A
NEW QUESTION 28
An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?
- A. This can be achieved via customization only.
- B. Dependent/Beneficiary designation can only be done on the plan enrollment page (where an employee chooses options). So, this cannot be achieved.
- C. This can be achieved via configuration.
- D. This cannot be achieved.
Answer: C
NEW QUESTION 29
Can you define overspending of a budget pool in flex credit shell plans?
- A. Yes, you can define it in the spending options.
- B. No, you do not have a place holder.
- C. Yes, you can define it in the standard rates.
- D. Yes, you can define it as per the flex credit formula.
Answer: A
NEW QUESTION 30
A Global Dental Plan has the following options attached to it:
Option 1: Employee Only
Option 2: Employee Plus Spouse
Option 3: Employee Plus Spouse Plus Children
The company wants an employee to select only one option which will be restricted for two years. After two
/ears the employee will get an opportunity to enroll into a new Global Dental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i,
2017 as the plan is restricted.
How can you configure this scenario for the company?
- A. Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.
- B. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.
- C. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.
- D. Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.
Answer: C
NEW QUESTION 31
Your customer wants to create an explicit life event that can be used only in two specific legal entitles. How do you accomplish this requirement?
- A. On the Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
- B. On the Create Life Event page under General Information, select the Global check box and add specific legal entities.
- C. On the Create Life Event page under Additional Information leave the Self-Assigned check box blank and add specific legal entities.
- D. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
Answer: A
NEW QUESTION 32
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?
- A. Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
- B. The amount of deduction from employee pay check for enrollment is varied based on a life event.
- C. Life events affect benefits processing for a participant.
- D. Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.
Answer: C,D
Explanation:
Explanation
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm
NEW QUESTION 33
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 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.
- 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 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.
- 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: C
NEW QUESTION 34
What rate is used for the flex credit program to adjust the total cost of the program?
- A. Standard Secondary Rate
- B. Standard Primary Rate
- C. Standard Rollover Rate
- D. Rollover Rate
Answer: D
NEW QUESTION 35
When you add an open scheduled event to a program of plans not in the program, what is the significance or the Assigned Life Event Date?
- A. It is the first day of the open enrollment period.
- B. It Is the last day of the open enrollment period.
- C. It is the effective date of the open event and the date on which eligibility is evaluated.
- D. It is the date on which default benefits assignments are made.
Answer: B
NEW QUESTION 36
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 l of the upcoming plan year 7018, and the status as Pending.
- 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 of the current plan year 2017, and the status as Active.
- D. Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
- E. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.
Answer: B
NEW QUESTION 37
Your customer decided to use some delivered explicit life events in their business. What is your next step as an HCM Consultant after defining triggers as per the retirement?
- A. Associate the life events only with benefit plans which are not in a program.
- B. Associate the life events with only flexible benefit programs.
- C. Associate the life events with benefit plans or program.
- D. Associate the life events only with Core benefit programs.
- E. Associate the life events only with benefit plans which are in a program.
Answer: C
NEW QUESTION 38
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 39
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employee plus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?
- A. They should have configured an eligibility fast formula
- B. They should not have enabled the Assign on Default button for the options.
- C. They should have enabled a plan restriction fast formula.
- D. They should have created an Option 3: Coverage Declined.
Answer: C
NEW QUESTION 40
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?
- A. All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.
- B. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
- C. All plans can be configured at the plan level.
- D. All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.
Answer: D
NEW QUESTION 41
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 event start date
- B. as of coverage start date
- C. as of rate start date
- D. as of enrollment start date
Answer: A
NEW QUESTION 42
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