1Z0-1053-20 by Oracle Actual Free Exam Q&As

Question 1

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.

Discussion 0

Correct Answer: B Vote an answer

Question 2

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 Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015. B. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015. 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 voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.

Discussion 0

Correct Answer: D Vote an answer

Question 3

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 not configured for the employee's specific legal employer. B. The rate amount is of the unit of measure "Money". C. The rate amount "Assign on Enrollment" is enabled for five legal entities. D. The rate amount Is a variable rate for the employee's legal employer.

Discussion 0

Correct Answer: A Vote an answer

Question 4

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

Discussion 0

Correct Answer: A Vote an answer

Question 5

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 Enrollment Configuration task. C. Yes, a change option is available in the Configure Grouping Display task. D. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.

Discussion 0

Correct Answer: C Vote an answer

Question 6

How do you configure the link between the payroll module and benefits?

A. Link the payroll to the plan salary basis. B. Link the payroll to the plan coverage. C. Link the element to the plan rate. D. Link the element to the plan coverage.

Discussion 0

Correct Answer: C Vote an answer

Oracle Benefits Cloud 2020 Implementation Essentials - 1Z0-1053-20 Exam Practice Test