Oracle 1z0-1053 Free Practice Questions

NEW QUESTION 1
To which two benefits objects can Year Period be attached to?

• A. Program
• B. Plan Type
• C. Plan
• D. Option

Answer: BD

Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm

NEW QUESTION 2
Which two statements are correct with respect to required action in the eligibility profile?

• A. If all profiles are requited, then at least one of the profiles must be satisfied.
• B. 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.
• C. If all profiles are optional, then at least one of the profiles must be satisfied.
• D. 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.

Answer: D

NEW QUESTION 3
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 two derived factors, one with age as 21 or above and a second with age 18 or les
• B. Create an eligibility profile and configure these two derived factors under the eligibility profil
• C. Then attach the eligibility profile to XX Life Insurance Plan
• D. Create one derived facto
• E. Create an eligibility profile and configure the derived factor under the eligibility profil
• F. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.
• G. Create one derived facto
• H. Create an eligibility profile and configure the derived factor under theeligibility profil
• I. Then attach the eligibility profile to XX Life Insurance Plan.
• J. Create two eligibility profile
• K. One with age as 21 or above and a second with age 18 or les
• L. Then attach these eligibility profiles to XX Life Insurance Plan.

Answer: D

NEW QUESTION 4
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 salary basis.
• D. Link the payroll to the plan coverage.

Answer: A

NEW QUESTION 5
A plan is created for a calendar year from January 1, 2021 and ends on December 31, 2021. 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 rate start date
• B. as of coverage start date
• C. as of event start date
• D. as of enrollment start date

Answer: C

NEW QUESTION 6
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 activity type for payroll information is configured as employee contribution.
• C. The rate is configured as secondary rate and not primary rate.
• D. The rate is inactive.

Answer: D

NEW QUESTION 7
Which is NOT a derived factor type?

• A. Hours Worked
• B. Full-Time Equivalent
• C. Compensation
• D. Grade

Answer: D

Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5

NEW QUESTION 8
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. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
• B. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
• C. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
• D. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
• E. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.

Answer: B

NEW QUESTION 9
Which statement about Waive options is true?

• A. 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.
• B. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
• C. Waive options are options which do not require any dependent/beneficiary designation.
• 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 10
How many life events can be included in a collapsing rule?

• A. 10
• B. 8
• C. 12
• D. 7

Answer: A

NEW QUESTION 11
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, 2021
3) Assign Defaults Date - January 31, 2021
4) Assigned Life Event Date - January 15, 2021
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2021. An employee makes an election on January 22, 2021.
What is the coverage start date for this employee?

• A. January 15, 2021
• B. December 28, 2021
• C. January 31, 2021
• D. January 22, 2021

Answer: C

NEW QUESTION 12
Which two are program types when you configure Flex Credits?

• A. Other Credits
• B. Core
• C. Flex
• D. Flex Credits and Core

Answer: BD

Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/flex-credit-configuration.htm

NEW QUESTION 13
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. 40
• B. 130
• C. 32.5
• D. 30

Answer: D

NEW QUESTION 14
A benefits consultant implemented a plan for life insurance with the following options:
Option 1: Employee only
Option 2: Employee plus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?

• A. They should have created an Option 3: Coverage Declined.
• B. They should not have enabled the Assign on Default button for the options.
• C. They should have configured an eligibility fast formula
• D. They should have enabled a plan restriction fast formula.

Answer: D

NEW QUESTION 15
What are the different types of open enrollment options available under Scheduled tab in program?

• A. Open All and Unrestricted All
• B. Open Scheduled and Unrestricted Scheduled
• C. Open New Hire Enrollment and Unrestricted New Hire Enrollment
• D. Open Enrollment and Open Unrestricted Enrollment

Answer: C

NEW QUESTION 16
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 can be achieved through customization only.
• B. This requirement can be completely achieved with configuration only.
• C. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
• D. This requirement cannot be achieved in the current system offerings.

Answer: D

NEW QUESTION 17
Which object is NOT included in benefit export?

• A. Eligibility profile
• B. Program configuration
• C. Plan not in program configuration
• D. Element input values

Answer: D

Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-expor

NEW QUESTION 18
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 input Value
• D. Standard wash Rule formula

Answer: C

NEW QUESTION 19
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 Person Management work area.
• B. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
• C. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment 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 Enrollment work area.

Answer: C

NEW QUESTION 20
A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ" as of August 1, 2021. Since there were two more life events in the detected phase as of August 15, 2021, 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 20.
• B. The number of proximity days was specified as 0.
• C. The life event had expired.
• D. The number of proximity days was specified as 15.

Answer: D

NEW QUESTION 21
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.

Answer: C

NEW QUESTION 22
Your customer decided to use some delivered explicit life events in their business. What is your next step as an HCM Consultant after defining triggers as per the retirement?

• A. Associate the life events with only flexible benefit programs.
• B. Associate the life events only with benefit plans which are not in a program.
• C. Associate the life events only with benefit plans which are in a program.
• D. Associate the life events with benefit plans or program.
• E. Associate the life events only with Core benefit programs.

Answer: D

NEW QUESTION 23
A company offers its employees a choice of four plans within a health insurance plan type. However, the company wants to compulsorily enroll an employee into one plan.
What must the minimum and maximum plan limit be set at Plan Type level?

• A. Min = 1, Max - 1
• B. Min = 1, Max = 2
• C. Min = 0, Max = 1
• D. Min = 0, Max = 0

Answer: B

NEW QUESTION 24
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2021.
2. Marriage detected on 1-Jun-2021. What do these statuses imply?

• A. New Hire LE is complete but not close
• B. Marriage LE is triggered but has not yet made elections.
• C. New Hire l-E is complete and close
• D. Marriage IE is triggered but has not yet made elections.
• E. New Hire IF is complete and close
• F. Marriage LE is triggered and has made elections.
• G. New Hire LE is complete and close
• H. Marriage LE is triggered because of the data change.

Answer: D

NEW QUESTION 25
The benefits administrator runs an open enrollment window on March 1, 2021 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2021. What could be a reason for this?

• A. The life event date configured for XX Life Program is not 15 March 2021
• B. There is no configuration for open enrollment for the XX Life Program.
• C. A cycle has already run for open enrollment, so no life event date is available.
• D. The benefits administrator has a login from the previous date to that of 15 March 20l7.

Answer: D

NEW QUESTION 26
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