Oracle 1z0-1053-22 Exam Preparation Guide and PDF Download
Verified & Correct 1z0-1053-22 Practice Test Reliable Source Sep 06, 2022 Updated
NEW QUESTION 27
Which two statements are correct with respect to required action in the eligibility profile?
- A. 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.
- B. If all profiles are requited, then at least one of the profiles must be satisfied.
- C. 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.
- D. If all profiles are optional, then at least one of the profiles must be satisfied.
Answer: C
NEW QUESTION 28
Which three are change opportunities an organization can implement during Open Enrollment?
- A. update rates
- B. decline coverage
- C. enroll in existing plans
- D. Start new benefit offerings
- E. modify plan configuration
Answer: A,B,E
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-open-enrollment.html#FACMB1107266_2
NEW QUESTION 29
Your customer does NOT want the system to detect temporal events whenever a marriage life event is detected and processed by the application.
How do you accomplish this requirement?
- A. On the life event creation page, select "Do not detect future temporal events" as the Temporal Detection Rule.
- B. On the life event creation page, select "Never detect Past or future temporal events" as the Temporal Detection Rule.
- C. On the life event creation page, select "Do not detect past temporal events" as the Temporal Detection Rule.
- D. On the life event creation page, select "Do not detect past or future temporal events" as the Temporal Detection Rule.
- E. On the life event creation page, select "Never detect this temporal life event" as the Temporal Detection Rule.
Answer: A
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 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 31
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 Coverage Volume
- C. Standard wash Rule formula
- D. Standard input Value
Answer: D
NEW QUESTION 32
Which three are correct methods by which enrollment results can be created and made available for viewing?
- A. when an electable choice is saved as a part of self-service enrollment
- 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. after the Evaluate Life Events batch process is completed successfully
- E. when a default enrollment is processed
Answer: A,C,D
NEW QUESTION 33
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. They appear several times if the participant enters self-service multiple times for a single life event.
- C. If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.
- D. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
- E. They appear only the first time that the participant enters self-service enrollment for multiple life events.
Answer: A,E
NEW QUESTION 34
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 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.
- B. Configure a primary rate with the calculation method as Multiple of Coverage.
- 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: B
NEW QUESTION 35
How do you configure the link between the payroll module and benefits?
- A. Link the element to the plan rate.
- B. Link the payroll to the plan coverage.
- C. Link the payroll to the plan salary basis.
- D. Link the element to the plan coverage.
Answer: A
NEW QUESTION 36
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 Real Time Analysis: Participant Enrollment Results from the Reports and Analytics work area.
- B. Run the Person Enrollment Summary Report from the Enrollment work area.
- C. Run the Enrollment Kit Report from the Benefits Enrollment work area.
- D. Run the Enrollment Kit Report from Benefits Self-Service.
- E. Run the Person Enrollment Summary 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 37
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 Enrollment work area.
- B. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
- C. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
- D. Assign individuals to the benefit group using the Manage Person task in the Plan Configuration work area.
- E. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
Answer: B
NEW QUESTION 38
Which is NOT a valid type of life event?
- A. Unrestricted
- B. Explicit
- C. Temporal
- D. Restricted
- E. Scheduled
Answer: D
Explanation:
https://docs.oracle.com/cloud/farel12/globalcs_gs/FACMB/FACMB1479189.htm#FACMB1229710
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 not have enabled the Assign on Default button for the options.
- B. They should have created an Option 3: Coverage Declined.
- C. They should have enabled a plan restriction fast formula.
- D. They should have configured an eligibility fast formula
Answer: C
NEW QUESTION 40
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 1 of the upcoming plan year 2018, and the status as Active.
- B. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
- C. Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
- 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 of the current plan year 2017, and the status as Active.
Answer: D
NEW QUESTION 41
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 Is a variable rate for the employee's legal employer.
- B. The rate amount is not configured for the employee's specific legal employer.
- C. The rate amount is of the unit of measure "Money".
- D. The rate amount "Assign on Enrollment" is enabled for five legal entities.
Answer: B
NEW QUESTION 42
Can you define overspending of a budget pool in flex credit shell plans?
- A. Yes, you can define it as per the flex credit formula.
- B. Yes, you can define it in the standard rates.
- C. Yes, you can define it in the spending options.
- D. No, you do not have a place holder.
Answer: C
NEW QUESTION 43
Which statement about Waive options is true?
- A. Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.
- B. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
- C. Waive options are options which do not require any dependent/beneficiary designation.
- D. Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
Answer: B
NEW QUESTION 44
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 Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
- B. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
- C. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
- D. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
Answer: A
NEW QUESTION 45
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