1z0-1053-22 PDF Dumps Real 2023 Recently Updated Questions
Released Oracle 1z0-1053-22 Updated Questions PDF
Oracle 1z0-1053-22 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
NEW QUESTION 26
A medical plan (not in program) has the Defined Rate frequency set as Monthly and the Communicated Rate frequency set as Per Pay Period. The pay period is defined as bi-weekly.
The rate has been defined with the calculation method as Flat Amount = 65. The currency defined at the plan is U.S.D. There are 26 payroll periods in the plan's year period.
What is the communicated rate value?
- A. 0
- B. 32.5
- C. 1
- D. 2
Answer: C
NEW QUESTION 27
The company has the following two plans:
1. Life Insurance Plan with Option 1: Employee only and Option 2: Employee Plus Family
2. Medical Insurance Plan with Option 1: Employee only. Option 2: Employee Plus Spouse, and Option 3: Employee Plus Spouse Plus Child The company wants to automatically enroll salaried employees into Medical Insurance Option 3: Employee plus Spouse plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?
- A. Configure the eligibility profile with parameter - Personal > Person Type > Employee and Employment tab > Salaried o. Hourly as Salaried" Related coverage > Eligible in another option in plan and attach this to both the plans.
- B. Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
- C. Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
- D. Configure the eligibility profile with parameter - Person Type > Employee and Employment tab > Salaried or Hourly as Salaried. Related coverage > Eligible for another plan and attach this to both the plans..
Answer: A
NEW QUESTION 28
Which two statements are correct with respect to required action in the eligibility profile?
- A. If all profiles are requited, then at least one of the profiles must be satisfied.
- B. 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.
- C. If all profiles are optional, 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: B
NEW QUESTION 29
Which three are change opportunities an organization can implement during Open Enrollment?
- A. decline coverage
- B. enroll in existing plans
- C. update rates
- D. modify plan configuration
- E. Start new benefit offerings
Answer: A,C,D
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-open-enrollment.html#FACMB1107266_2
NEW QUESTION 30
Your customer wants to run a report which displays, by participant, a choice list of programs, plans, and options in which the participant may elect to enroll, as well as areas for the participant to designate dependents and beneficiaries.
How do you accomplish this requirement?
- A. Run the Person Enrollment Summary Report from Benefits Self Service.
- B. Run the Real Time Analysis: Participant Enrollment Results from the Reports and Analytics work area.
- C. Run the Enrollment Kit Report from the Benefits Enrollment work area.
- D. Run the Person Enrollment Summary Report from the Enrollment work area.
- E. Run the Enrollment Kit Report from Benefits Self-Service.
Answer: C
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-benefits-processing-and-uploads.html#FACMB1259728
NEW QUESTION 31
Which two statements are true about Enrollment Authorizations?
- A. They appear several times if the participant enters self-service multiple times for a single life event.
- B. They appear only the first time that the participant enters self-service enrollment for multiple life events.
- C. They are optional to implement. If implemented, performing the authorization task is optional for the participant.
- D. If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.
- E. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
Answer: B,C
NEW QUESTION 32
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 -> administration usage -> self-service description text
- B. Manage enrollment authorization -> self-service usage -> self-service description text
- C. Configure plan type grouping display -> self-service usage -> self-service description text
- D. Manage enrollment authorization -> administration usage -> self-service description text
Answer: D
NEW QUESTION 33
To which two benefits objects can Year Period be attached to?
- A. Program
- B. Plan
- C. Option
- D. Plan Type
Answer: C,D
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm
NEW QUESTION 34
Which three areas contain tasks to prepare for an open enrollment period?
- A. Plan Configuration work area
- B. Evaluation and Reporting work areas
- C. Enrollment and My Information work areas
- D. Payroll Calculation work area
- E. Person Management work area
Answer: A,B,C
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollment.html#FACMB1107266
NEW QUESTION 35
What rate is used for the flex credit program to adjust the total cost of the program?
- A. Standard Rollover Rate
- B. Standard Primary Rate
- C. Standard Secondary Rate
- D. Rollover Rate
Answer: D
NEW QUESTION 36
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 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.
- D. Configure a secondary rate with the calculation method as Multiple of Coverage.
Answer: A
NEW QUESTION 37
Which statement about configuring Designation Requirements is true?
- A. A Designation Requirement can be configured for a plan with no option.
- B. A plan must have multiple options for Designation Requirement to be configured.
- C. A Designation Requirement cannot be configured for a plan with no option.
- D. A plan must have the waive option for Designation Requirement to be configured.
Answer: B
NEW QUESTION 38
Which three are correct methods by which enrollment results can be created and made available for viewing?
- A. when a default enrollment is processed
- B. after the Close Enrollment process has completed
- C. when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment
- D. when an electable choice is saved as a part of self-service enrollment
- E. after the Evaluate Life Events batch process is completed successfully
Answer: C,D,E
NEW QUESTION 39
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 last day of the open enrollment period.
- B. It is the effective date of the open event and the date on which eligibility is evaluated.
- C. It is the first day of the open enrollment period.
- D. It is the date on which default benefits assignments are made.
Answer: A
NEW QUESTION 40
A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
How can the benefits administrator perform this task?
- A. Create a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- B. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- C. Create a default life event for this task XX Admin Life event. Attach it to the Plan. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- D. Create a default life event for this task XX Admin Life event. Create a separate-eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.
Answer: C
NEW QUESTION 41
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?
- A. All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.
- B. All plans can be configured at the plan level.
- C. All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.
- D. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
Answer: A
NEW QUESTION 42
Which two are correct processes regarding performing the Benefits Extract setup?
- A. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
- B. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- C. Extract benefits enrollment information into a single XML file for each plan carrier.
- D. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
- E. Configure plan carrier details and extract options using the Manage Plan Carriers task.
Answer: C,E
Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-data-extract.html#FAIHM1284833
NEW QUESTION 43
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. A cycle has already run for open enrollment, so no life event date is available.
- D. The benefits administrator has a login from the previous date to that of 15 March 20l7.
Answer: D
NEW QUESTION 44
Which benefit object must be created prior to creating an option?
- A. Coverage
- B. Plan
- C. Rate
- D. Plan Type
Answer: D
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/program-and-plan-creation.html#FACMB307292
NEW QUESTION 45
The Open life event for a plan was backed out. The benefits administrator reprocessed the Open life event and found the earlier elections us originally enrolled in the plan.
What is the reason for this status?
- A. The life event reinstatement rule was configured.
- B. The life event was not backed out properly.
- C. The life event was configured for another date.
- D. The life event date was different.
Answer: A
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION 46
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 47
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 Pate Date Ranges:
Coverage Start Date: End 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 Rate Date Ranges:
Coverage Start Date: First of the Month
Previous Coverage End Date: End of the Month
Answer: A
NEW QUESTION 48
......
1z0-1053-22 Dumps and Practice Test (62 Exam Questions): https://www.actualtestsit.com/Oracle/1z0-1053-22-exam-prep-dumps.html