[2021] 1Z0-1053-20 PDF Questions - Perfect Prospect To Go With Actual4Exams Practice Exam
Oracle 1Z0-1053-20 Pdf Questions - Outstanding Practice To your Exam
NEW QUESTION 27
Which two are correct processes regarding performing the Benefits Extract setup?
- A. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- B. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
- C. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
- D. Configure plan carrier details and extract options using the Manage Plan Carriers task.
- E. Extract benefits enrollment information into a single XML file for each plan carrier.
Answer: D,E
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-data-extract.html#FAI
NEW QUESTION 28
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 "Never detect Past or future temporal events" as the Temporal Detection Rule.
- C. On the life event creation page, select "Never detect this temporal life event" as the Temporal Detection Rule.
- D. On the life event creation page, select "Do not detect past temporal events" as the Temporal Detection Rule.
- E. On the life event creation page, select "Do not detect future temporal events" as the Temporal Detection Rule.
Answer: E
NEW QUESTION 29
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 primary rate 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 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.
Answer: A
NEW QUESTION 30
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 only with benefit plans which are not in a program.
- B. Associate the life events with only flexible benefit programs.
- C. Associate the life events with benefit plans or program.
- D. Associate the life events only with Core benefit programs.
- E. Associate the life events only with benefit plans which are in a program.
Answer: C
NEW QUESTION 31
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 All and Unrestricted All
- D. Open New Hire Enrollment and Unrestricted New Hire Enrollment
Answer: D
NEW QUESTION 32
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 cannot be achieved.
- D. This can be achieved via configuration.
Answer: D
NEW QUESTION 33
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 34
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 General Information, select the Global check box 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 Additional Information leave the Self-Assigned check box blank 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 35
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 for administrators.
- B. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
- C. Select Display Signature in the Confirmation section 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: A
NEW QUESTION 36
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 Plan Configuration work area.
- B. Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
- C. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
- D. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
- E. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
Answer: D
NEW QUESTION 37
How do you set up a Termination life event to end coverage at the end of the month?
- A. Coverage and Pate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: End of the Month - B. Coverage and Rate Date Ranges:
Coverage Start Date: First of the Next Month
Previous Coverage End Date: End of the Month - C. Coverage and Rate Date Ranges:
Coverage Start Date: First of the Month
Previous Coverage End Date: End of the Month - D. Coverage and Rate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: First of the Next Month
Answer: B
NEW QUESTION 38
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 wash Rule formula
- C. Standard Coverage Volume
- D. Standard input Value
Answer: D
NEW QUESTION 39
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.
Answer: D
NEW QUESTION 40
Which is NOT a derived factor type?
- A. Full-Time Equivalent
- B. Grade
- C. Compensation
- D. Hours Worked
Answer: B
Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5
NEW QUESTION 41
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 42
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