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Best Quality Oracle 1Z0-1053-20 Exam Questions
NEW QUESTION 34
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 - Person Type > Employee and Employment tab > Salaried or Hourly as Salaried. Related coverage > Eligible for another plan and attach this to both the plans..
- B. Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
- C. Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
- D. 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.
Answer: D
NEW QUESTION 35
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. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
- 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 Active,
- E. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.
Answer: D
NEW QUESTION 36
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 Rate Value
- B. Standard wash Rule formula
- C. Standard Coverage Volume
- D. Standard input Value
Answer: D
NEW QUESTION 37
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 38
Which statement about configuring Designation Requirements is true?
- A. A Designation Requirement cannot be configured for a plan with no option.
- B. A Designation Requirement can be configured for a plan with no option.
- C. A plan must have multiple options for Designation Requirement to be configured.
- D. A plan must have the waive option for Designation Requirement to be configured.
Answer: C
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 date on which default benefits assignments are made.
- B. It Is the last day of the open enrollment period.
- C. It is the first day of the open enrollment period.
- D. It is the effective date of the open event and the date on which eligibility is evaluated.
Answer: B
NEW QUESTION 40
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 41
A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ" as of August 1, 2016. Since there were two more life events in the detected phase as of August 15, 2016, the benefits administrator clicked "Collapse Life Event". Upon processing the life event tab, the benefits administrator received an error saying two or more life events were in the detected phase.
Why did the collapsing rule fail?
- A. The life event had expired.
- B. The number of proximity days was specified as 15.
- C. The number of proximity days was specified as 0.
- D. The number of proximity days was specified as 20.
Answer: B
NEW QUESTION 42
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 43
Can you upload student and disability status for multiple persons at one time?
- A. Yes, it can be accomplished by creating a benefit group.
- B. No, this option isn't available.
- C. Yes, it can be accomplished through a benefit administrator task.
- D. Yes, it can be accomplished through the spreadsheet loader.
Answer: D
NEW QUESTION 44
The reinstatement rule enables you to restore elections during which two events?
- A. An intervening life event backed out the open event.
- B. The open event was accidentally backed out.
- C. The open event was backed out by the administrator from the Benefits Service Center.
- D. The intervening life event activated the open event.
Answer: A,B
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION 45
An organization has a scheduled open period for Life Insurance plan from January 1st to the 31st. The important dates defined while configuring the scheduled open life event are:
1) Enrollment Period Start Date - January 1, 201/
2) Enrollment Period End Date - January 31, 2017
3) Assign Defaults Date - January 31, 2017
4) Assigned Life Event Date - January 15, 2017
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?
- A. January 15, 2017
- B. January 22, 2017
- C. January 31, 2017
- D. December 28, 2016
Answer: C
NEW QUESTION 46
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: D
NEW QUESTION 47
Which is NOT a derived factor type?
- A. Full-Time Equivalent
- B. Grade
- C. Compensation
- D. Hours Worked
Answer: B
Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5
NEW QUESTION 48
What rate is used for the flex credit program to adjust the total cost of the program?
- A. Standard Rollover Rate
- B. Standard Secondary Rate
- C. Rollover Rate
- D. Standard Primary Rate
Answer: C
NEW QUESTION 49
Which two are program types when you configure Flex Credits?
- A. Core
- B. Other Credits
- C. Flex
- D. Flex Credits and Core
Answer: A,D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/flex-credit-configuration.htm
NEW QUESTION 50
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 51
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 Configure Grouping Display 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 Enrollment Configuration task.
Answer: B
NEW QUESTION 52
Which object is NOT included in benefit export?
- A. Eligibility profile
- B. Plan not in program configuration
- C. Element input values
- D. Program configuration
Answer: C
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-export
NEW QUESTION 53
An employee logs in from employee self-service and navigates to the benefits section. However, the employee is unable to find the desired plan in the benefits section. Which two are possible reasons the plan does not appear:
- A. No option is available for the plan for enrollment.
- B. The employee is not eligible for the enrollment.
- C. No life event is detected.
- D. No unrestricted event is available for the employee.
Answer: D
NEW QUESTION 54
How do you configure the link between the payroll module and benefits?
- A. Link the payroll to the plan coverage.
- B. Link the payroll to the plan salary basis.
- C. Link the element to the plan rate.
- D. Link the element to the plan coverage.
Answer: C
NEW QUESTION 55
Which three are change opportunities an organization can implement during Open Enrollment?
- A. update rates
- B. decline coverage
- C. Start new benefit offerings
- D. modify plan configuration
- E. enroll in existing plans
Answer: A,B,D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-open-enrollment.ht
NEW QUESTION 56
Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group.
How do you assign the individual functional consultant to this newly created benefits group?
- A. Assign individuals to the benefit group using the Manage Person task in the Plan Configuration work area.
- B. Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
- C. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
- D. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
- E. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
Answer: D
NEW QUESTION 57
Which benefit object must be created prior to creating an option?
- A. Plan
- B. Coverage
- C. Plan Type
- D. Rate
Answer: C
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/program-and-plan-creation.
NEW QUESTION 58
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