Ultimate Guide to Prepare 1Z0-1053-20 with Accurate PDF Questions [Nov 28, 2021]
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NEW QUESTION 23
Which two statements are correct with respect to required action in the eligibility profile?
- A. If all profiles are optional, then at least one of the profiles must 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 some but not all profiles are required, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
Answer: C
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 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 number of proximity days was specified as 15.
- B. The number of proximity days was specified as 20.
- C. The number of proximity days was specified as 0.
- D. The life event had expired.
Answer: A
NEW QUESTION 26
What are the different types of open enrollment options available under Scheduled tab in program?
- A. Open Enrollment and Open Unrestricted Enrollment
- B. Open Scheduled and Unrestricted Scheduled
- C. Open New Hire Enrollment and Unrestricted New Hire Enrollment
- D. Open All and Unrestricted All
Answer: C
NEW QUESTION 27
XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?
- A. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
- B. Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan
- C. Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.
- D. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.
Answer: C
NEW QUESTION 28
The Open life event for a plan was backed out. The benefits administrator reprocessed the Open life event and found the earlier elections us originally enrolled in the plan.
What is the reason for this status?
- A. The life event was not backed out properly.
- B. The life event reinstatement rule was configured.
- C. The life event was configured for another date.
- D. The life event date was different.
Answer: B
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION 29
How do you configure the link between the payroll module and benefits?
- A. Link the element to the plan rate.
- B. Link the element to the plan coverage.
- C. Link the payroll to the plan coverage.
- D. Link the payroll to the plan salary basis.
Answer: A
NEW QUESTION 30
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. No collapsing rule was set.
- B. The Marriage event occurred before the Transfer event.
- 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 31
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 "Assign on Enrollment" is enabled for five legal entities.
- B. The rate amount is of the unit of measure "Money".
- C. The rate amount Is a variable rate for the employee's legal employer.
- D. The rate amount is not configured for the employee's specific legal employer.
Answer: D
NEW QUESTION 32
Can you change the column text of primary and secondary rates on the Benefit self-service page?
- A. Yes, a change option is available in the Configure Grouping Display task.
- B. No, a change option is not available in the Configure Grouping Display task.
- C. Yes, a change option is available in the Enrollment Configuration task.
- D. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.
Answer: A
NEW QUESTION 33
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 34
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 35
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. Manage enrollment authorization -> self-service usage -> self-service description text
- B. Configure plan type grouping display -> administration usage -> self-service description text
- C. Configure plan type grouping display -> self-service usage -> self-service description text
- D. Manage enrollment authorization -> administration usage -> self-service description text
Answer: D
NEW QUESTION 36
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 Next Month
Previous Coverage End Date: End of the Month - D. Coverage and Rate Date Ranges:
Coverage Start Date: First of the Month
Previous Coverage End Date: End of the Month
Answer: C
NEW QUESTION 37
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 38
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: C
NEW QUESTION 39
An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of
100%. However, the distribution should be in multiples of 10.
Which statement about this requirement is true?
- A. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
- B. This requirement can be completely achieved with configuration only.
- C. This requirement can be achieved through customization only.
- D. This requirement cannot be achieved in the current system offerings.
Answer: D
NEW QUESTION 40
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What is the duration, language, and format of Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 Exam
- Passing score: 70%
- Number of Questions: 55
- Format: Multiple choices, multiple answers
- Language: 1z0-1053-20 offered in English (U.S.)
- Length of Examination: 85 minutes
Latest 1Z0-1053-20 Exam Dumps - Valid and Updated Dumps: https://www.passtorrent.com/1Z0-1053-20-latest-torrent.html