[Dec-2021] Oracle 1Z0-1053-20 Official Cert Guide PDF
Exam 1Z0-1053-20: Oracle Benefits Cloud 2020 Implementation Essentials - PassTestking
Who should take the Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 exam
The 1z0-1053-20 Exam is ideal for those technical professionals who want to accelerate their knowledge in the configuration and implementation of Oracle HCM Cloud Benefits Service solutions. Anyone can appear for this exam, there is no prerequisite for 1z0-1053-20 exam.
NEW QUESTION 20
Which three areas contain tasks to prepare for an open enrollment period?
- A. Evaluation and Reporting work areas
- B. Enrollment and My Information work areas
- C. Payroll Calculation work area
- D. Person Management work area
- E. Plan Configuration work area
Answer: A,B,E
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollmen
NEW QUESTION 21
Which object is NOT included in benefit export?
- A. Plan not in program configuration
- B. Program configuration
- C. Eligibility profile
- D. Element input values
Answer: D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-export
NEW QUESTION 22
Which statement about Waive options is true?
- A. Waive options are options which do not require any dependent/beneficiary designation.
- B. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
- C. 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.
- 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 23
The reinstatement rule enables you to restore elections during which two events?
- A. The open event was backed out by the administrator from the Benefits Service Center.
- B. The open event was accidentally backed out.
- C. The intervening life event activated the open event.
- D. An intervening life event backed out the open event.
Answer: B,D
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION 24
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 event start date
- B. as of coverage start date
- C. as of rate start date
- D. as of enrollment start date
Answer: A
NEW QUESTION 25
A Global Dental Plan has the following options attached to it:
Option 1: Employee Only
Option 2: Employee Plus Spouse
Option 3: Employee Plus Spouse Plus Children
The company wants an employee to select only one option which will be restricted for two years. After two
/ears the employee will get an opportunity to enroll into a new Global Dental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i,
2017 as the plan is restricted.
How can you configure this scenario for the company?
- A. Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.
- B. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.
- C. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.
- D. Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.
Answer: C
NEW QUESTION 26
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 is inactive.
- C. The rate activity type for payroll information is configured as employee contribution.
- D. The rate is configured as secondary rate and not primary rate.
Answer: B
NEW QUESTION 27
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 28
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?
- A. All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.
- B. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
- C. All plans can be configured at the plan level.
- D. All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.
Answer: D
NEW QUESTION 29
Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self-Set vice.
How do you accomplish this requirement?
- A. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
- B. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
- C. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
- D. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- E. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
Answer: C
NEW QUESTION 30
Which two are program types when you configure Flex Credits?
- A. Flex Credits and Core
- B. Flex
- C. Other Credits
- D. 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 31
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 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.
- 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 a primary rate with the calculation method as Multiple of Coverage.
Answer: D
NEW QUESTION 32
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 in the standard rates.
- D. Yes, you can define it as per the flex credit formula.
Answer: A
NEW QUESTION 33
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 past or future temporal events" as the Temporal Detection Rule.
- B. On the life event creation page, select "Do not detect 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 "Never detect this temporal life event" as the Temporal Detection Rule.
- E. On the life event creation page, select "Never detect Past or future temporal events" as the Temporal Detection Rule.
Answer: B
NEW QUESTION 34
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, 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.
- B. 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. - C. A New Hire life event was manually selected.
An Address Change event is yet to be triggered and processed for, the employee. - D. A New Hire life event was manually selected.
An Address Change event was triggered for the person and participation evaluation processing was evaluated.
Answer: A
NEW QUESTION 35
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 wash Rule formula
- B. Standard input Value
- C. Standard Coverage Volume
- D. Standard Rate Value
Answer: B
NEW QUESTION 36
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. The benefits administrator has a login from the previous date to that of 15 March 20l7.
- D. A cycle has already run for open enrollment, so no life event date is available.
Answer: C
NEW QUESTION 37
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. Attach it to the Plan. 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 separate-eligibility profile. Then enroll the first of executives 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 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.
Answer: B
NEW QUESTION 38
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