2022 Valid 1z0-1053-22 Real Exam Questions (Updated) 100% Dumps & Practice Exam
[UPDATED 2022] Oracle 1z0-1053-22 Questions Prepare with Free Demo of PDF
Oracle 1z0-1053-22 Exam Syllabus Topics:
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NEW QUESTION 36
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. December 28, 2016
- B. January 15, 2017
- C. January 31, 2017
- D. January 22, 2017
Answer: C
NEW QUESTION 37
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 LE is complete and closed. Marriage LE is triggered because of the data change.
- B. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
- C. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
- D. New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
Answer: A
NEW QUESTION 38
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 39
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 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.
- B. 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.
- C. 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.
- D. 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.
Answer: D
NEW QUESTION 40
The reinstatement rule enables you to restore elections during which two events?
- A. The open event was accidentally backed out.
- B. The intervening life event activated the open event.
- C. The open event was backed out by the administrator from the Benefits Service Center.
- D. An intervening life event backed out the open event.
Answer: A,D
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION 41
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 General Information, leave the Global check box blank and add specific legal entities.
- B. On the Create Life Event page under Additional Information, select the Self-Assigned 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, select the Global check box and add specific legal entities.
Answer: B
NEW QUESTION 42
What are the different types of open enrollment options available under Scheduled tab in program?
- A. Open Scheduled and Unrestricted Scheduled
- B. Open All and Unrestricted All
- C. Open Enrollment and Open Unrestricted Enrollment
- D. Open New Hire Enrollment and Unrestricted New Hire Enrollment
Answer: D
NEW QUESTION 43
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: End of the Month
Previous Coverage End Date: First of the Next 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: First of the Month
Previous Coverage End Date: End of the Month - D. Coverage and Rate Date Ranges:
Coverage Start Date: First of the Next Month
Previous Coverage End Date: End of the Month
Answer: D
NEW QUESTION 44
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 Coverage Volume
- B. Standard wash Rule formula
- C. Standard Rate Value
- D. Standard input Value
Answer: D
NEW QUESTION 45
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. The Marriage event occurred before the Transfer event.
- B. No collapsing rule was set.
- 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 46
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 as per the flex credit formula.
- D. Yes, you can define it in the standard rates.
Answer: A
NEW QUESTION 47
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. Yes, it can be accomplished through the spreadsheet loader.
- C. No, this option isn't available.
- D. Yes, it can be accomplished through a benefit administrator task.
Answer: B
NEW QUESTION 48
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. Manage enrollment authorization -> self-service usage -> self-service description text
- C. Manage enrollment authorization -> administration usage -> self-service description text
- D. Configure plan type grouping display -> administration usage -> self-service description text
Answer: C
NEW QUESTION 49
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 Enrollment Kit Report from Benefits Self-Service.
- E. Run the Person Enrollment Summary Report from the Enrollment work area.
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 50
Which benefit object must be created prior to creating an option?
- A. Coverage
- B. Plan
- C. Plan Type
- D. Rate
Answer: C
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/program-and-plan-creation.html#FACMB307292
NEW QUESTION 51
Which is NOT a derived factor type?
- A. Full-Time Equivalent
- B. Grade
- C. Hours Worked
- D. Compensation
Answer: B
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5
NEW QUESTION 52
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?
- A. 0
- B. 1
- C. The number of train stops can be configured.
- D. 2
Answer: C
NEW QUESTION 53
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 Person Management work area.
- C. Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
- D. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
- E. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
Answer: E
NEW QUESTION 54
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 date on which default benefits assignments are made.
- D. It is the effective date of the open event and the date on which eligibility is evaluated.
Answer: B
NEW QUESTION 55
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