Latest Verified & Correct Oracle 1z0-1053-22 Questions & Answers Daily Updated
100% Pass Guaranteed Download Oracle Benefits Cloud Exam PDF Q&A
Oracle 1z0-1053-22 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
NEW QUESTION 27
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. 1
- C. 32.5
- D. 2
Answer: D
NEW QUESTION 28
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 in the current system offerings.
- B. This requirement can be achieved through customization only.
- C. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
- D. This requirement can be completely achieved with configuration only.
Answer: A
NEW QUESTION 29
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 30
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 31
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 32
What are the different types of open enrollment options available under Scheduled tab in program?
- A. Open Scheduled and Unrestricted Scheduled
- B. Open Enrollment and Open Unrestricted Enrollment
- C. Open New Hire Enrollment and Unrestricted New Hire Enrollment
- D. Open All and Unrestricted All
Answer: C
NEW QUESTION 33
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 Additional Information leave the Self-Assigned check box blank and add specific legal entities.
- B. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
- C. On the Create Life Event page under General Information, select the Global check box and add specific legal entities.
- D. On the Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
Answer: D
NEW QUESTION 34
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 35
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 36
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 37
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 rate start date
- C. as of enrollment start date
- D. as of coverage start date
Answer: A
NEW QUESTION 38
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 39
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 40
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 41
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 LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
- C. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
- D. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
Answer: A
NEW QUESTION 42
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 employee is not eligible for life events.
- B. The process doesn't evaluate other events that occur later than the Marriage event until you decide what action to take for that event.
- C. The Marriage event occurred before the Transfer event.
- D. No collapsing rule was set.
Answer: B
NEW QUESTION 43
What rate is used for the flex credit program to adjust the total cost of the program?
- A. Standard Secondary Rate
- B. Standard Rollover Rate
- C. Rollover Rate
- D. Standard Primary Rate
Answer: C
NEW QUESTION 44
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?
- A. Life events affect benefits processing for a participant.
- B. Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.
- C. Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
- D. The amount of deduction from employee pay check for enrollment is varied based on a life event.
Answer: A,B
Explanation:
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm
NEW QUESTION 45
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 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. Create a separate-eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.
Answer: B
NEW QUESTION 46
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?
- A. All plans can be configured at the plan level.
- B. All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.
- C. All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.
- D. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
Answer: C
NEW QUESTION 47
......
1z0-1053-22 PDF Dumps Are Helpful To produce Your Dreams Correct QA's: https://www.pass4cram.com/1z0-1053-22_free-download.html
1z0-1053-22 Practice Test Dumps with 100% Passing Guarantee: https://drive.google.com/open?id=1h62yM_EUhYiMpdfouypyaqGkTf1NmjB1