Pass Oracle Benefits Cloud 1Z0-1053-20 exam [Nov 04, 2021] Updated 60 Questions
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NEW QUESTION 10
How do you set up a Termination life event to end coverage at the end of the month?
- A. Coverage and Rate Date Ranges:
Coverage Start Date: First of the Next Month
Previous Coverage End Date: End of the Month - B. Coverage and Rate Date Ranges:
Coverage Start Date: First of the Month
Previous Coverage End Date: End of the Month - C. Coverage and Rate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: First of the Next Month - D. Coverage and Pate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: End of the Month
Answer: A
NEW QUESTION 11
The benefits administrator has configured five rates for five different legal entities. After implementation, an employee logs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section.
Why can't the employee see the assigned rate amount?
- A. The rate amount "Assign on Enrollment" is enabled for five legal entities.
- B. The rate amount Is a variable rate for the employee's legal employer.
- C. The rate amount is not configured for the employee's specific legal employer.
- D. The rate amount is of the unit of measure "Money".
Answer: C
NEW QUESTION 12
Which benefit object must be created prior to creating an option?
- A. Rate
- B. Coverage
- C. Plan
- D. Plan Type
Answer: D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/program-and-plan-creation.
NEW QUESTION 13
A company wants to display the following text on its Benefit Employee Self Service:
"Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?
- A. Configure plan type grouping display -> self-service usage -> self-service description text
- B. Configure plan type grouping display -> administration usage -> self-service description text
- C. Manage enrollment authorization -> administration usage -> self-service description text
- D. Manage enrollment authorization -> self-service usage -> self-service description text
Answer: C
NEW QUESTION 14
Which two are program types when you configure Flex Credits?
- A. Other Credits
- B. Flex Credits and Core
- C. Core
- D. Flex
Answer: B,C
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/flex-credit-configuration.htm
NEW QUESTION 15
An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of
100%. However, the distribution should be in multiples of 10.
Which statement about this requirement is true?
- A. This requirement can be achieved through customization only.
- B. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
- C. This requirement can be completely achieved with configuration only.
- D. This requirement cannot be achieved in the current system offerings.
Answer: D
NEW QUESTION 16
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. Create the new plan with session effective date as January 1 of the current year 2017, 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. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.
- E. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
Answer: B
NEW QUESTION 17
Which is NOT a valid type of life event?
- A. Restricted
- B. Temporal
- C. Explicit
- D. Scheduled
- E. Unrestricted
Answer: A
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/globalcs_gs/FACMB/FACMB1479189.htm#FACMB1229710
NEW QUESTION 18
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2016.
2. Marriage detected on 1-Jun-2016.
What do these statuses imply?
- A. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
- B. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
- C. New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
- D. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.
Answer: D
NEW QUESTION 19
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 have created an Option 3: Coverage Declined.
- C. They should not have enabled the Assign on Default button for the options.
- D. They should have enabled a plan restriction fast formula.
Answer: D
NEW QUESTION 20
What are the different types of open enrollment options available under Scheduled tab in program?
- A. Open All and Unrestricted All
- B. Open Enrollment and Open Unrestricted Enrollment
- C. Open New Hire Enrollment and Unrestricted New Hire Enrollment
- D. Open Scheduled and Unrestricted Scheduled
Answer: C
NEW QUESTION 21
Which two statements are correct with respect to required action in the eligibility profile?
- A. If only one eligibility profile is added to an object, then the criteria in that profile may or may not be satisfied, even if the Required option is not selected.
- B. If all profiles are optional, then at least one of the profiles must be satisfied.
- C. If all profiles are requited, then at least one of the profiles must be satisfied.
- D. If some but not all profiles are required, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
Answer: A
NEW QUESTION 22
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 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
- B. 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.
- 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: B
NEW QUESTION 23
Which statement about configuring Designation Requirements is true?
- A. A plan must have the waive option for Designation Requirement to be configured.
- B. A Designation Requirement cannot be configured for a plan with no option.
- C. A plan must have multiple options for Designation Requirement to be configured.
- D. A Designation Requirement can be configured for a plan with no option.
Answer: C
NEW QUESTION 24
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 runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
- B. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
- C. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
- D. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
Answer: C
NEW QUESTION 25
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. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.
- D. Yes, a change option is available in the Configure Grouping Display task.
Answer: D
NEW QUESTION 26
Can you upload student and disability status for multiple persons at one time?
- A. Yes, it can be accomplished through a benefit administrator task.
- B. Yes, it can be accomplished by creating a benefit group.
- C. Yes, it can be accomplished through the spreadsheet loader.
- D. No, this option isn't available.
Answer: C
NEW QUESTION 27
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 coverage start date
- C. as of enrollment start date
- D. as of event start date
Answer: D
NEW QUESTION 28
An employee logs into the self-service page. The employee enters into one plan and makes an election in the plan available. While making electrons, the employee notices that the option's rate amount isn't displayed in the total summary section on the right side of the page.
Which is a reason for this problem?
- A. The rate activity type for payroll information is configured as cost.
- B. The rate activity type for payroll information is configured as employee contribution.
- C. The rate is configured as secondary rate and not primary rate.
- D. The rate is inactive.
Answer: D
NEW QUESTION 29
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 with only flexible benefit programs.
- B. Associate the life events with benefit plans or program.
- C. Associate the life events only with benefit plans which are in a program.
- D. Associate the life events only with benefit plans which are not in a program.
- E. Associate the life events only with Core benefit programs.
Answer: B
NEW QUESTION 30
An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?
- A. This can be achieved via configuration.
- B. This cannot be achieved.
- C. Dependent/Beneficiary designation can only be done on the plan enrollment page (where an employee chooses options). So, this cannot be achieved.
- D. This can be achieved via customization only.
Answer: A
NEW QUESTION 31
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.
An Address Change event was triggered for the person and participation evaluation processing was evaluated. - B. A New Hire life event was manually selected.
An Address Change event is yet to be triggered and processed for, the employee. - C. 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.
- D. 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.
Answer: C
NEW QUESTION 32
Which is NOT a derived factor type?
- A. Grade
- B. Compensation
- C. Hours Worked
- D. Full-Time Equivalent
Answer: A
Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5
NEW QUESTION 33
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