Get New 2021 Oracle exam 1Z0-1053-20 Dumps Bundle On flat Updated Dumps!
Full 1Z0-1053-20 Practice Test and 60 unique questions with explanations waiting just for you, get it now!
NEW QUESTION 14
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, 2017
3) Assign Defaults Date - January 31, 2017
4) Assigned Life Event Date - January 15, 2017
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?
- A. January 15, 2017
- B. January 22, 2017
- C. January 31, 2017
- D. December 28, 2016
Answer: C
NEW QUESTION 15
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 16
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 17
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 18
Which two statements are correct with respect to required action in the eligibility profile?
- A. 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.
- B. If all profiles are optional, then at least one of the profiles must be satisfied.
- C. If all profiles are requited, 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 19
To which two benefits objects can Year Period be attached to?
- A. Program
- B. Plan
- C. Plan Type
- D. Option
Answer: C,D
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm
NEW QUESTION 20
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 Person Enrollment Summary Report from the Enrollment work area.
- B. Run the Enrollment Kit Report from the Benefits Enrollment work area.
- C. Run the Enrollment Kit Report from Benefits Self-Service.
- D. Run the Person Enrollment Summary Report from Benefits Self Service.
- E. Run the Real Time Analysis: Participant Enrollment Results from the Reports and Analytics work area.
Answer: B
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-benefits-processing
NEW QUESTION 21
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 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.
- B. 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.
- C. 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
- 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: A
NEW QUESTION 22
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 23
Which statement about configuring Designation Requirements is true?
- A. A Designation Requirement cannot be configured for a plan with no option.
- B. A Designation Requirement can be configured for a plan with no option.
- C. A plan must have multiple options for Designation Requirement to be configured.
- D. A plan must have the waive option for Designation Requirement to be configured.
Answer: C
NEW QUESTION 24
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. 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 configured an eligibility fast formula
- B. They should not have enabled the Assign on Default button for the options.
- C. They should have created an Option 3: Coverage Declined.
- D. They should have enabled a plan restriction fast formula.
Answer: D
NEW QUESTION 25
Can you upload student and disability status for multiple persons at one time?
- A. Yes, it can be accomplished by creating a benefit group.
- B. No, this option isn't available.
- C. Yes, it can be accomplished through a benefit administrator task.
- D. Yes, it can be accomplished through the spreadsheet loader.
Answer: D
NEW QUESTION 26
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 is inactive.
- C. The rate activity type for payroll information is configured as employee contribution.
- D. The rate is configured as secondary rate and not primary rate.
Answer: B
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. 32.5
- C. 1
- D. 2
Answer: D
NEW QUESTION 28
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 life event had expired.
- B. The number of proximity days was specified as 15.
- C. The number of proximity days was specified as 0.
- D. The number of proximity days was specified as 20.
Answer: B
NEW QUESTION 29
The company has the following two plans:
1. Life Insurance Plan with Option 1: Employee only and Option 2: Employee Plus Family
2. Medical Insurance Plan with Option 1: Employee only. Option 2: Employee Plus Spouse, and Option 3:
Employee Plus Spouse Plus Child
The company wants to automatically enroll salaried employees into Medical Insurance Option 3: Employee plus Spouse plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?
- A. Configure the eligibility profile with parameter - Person Type > Employee and Employment tab > Salaried or Hourly as Salaried. Related coverage > Eligible for another plan and attach this to both the plans..
- B. Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
- C. Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
- D. Configure the eligibility profile with parameter - Personal > Person Type > Employee and Employment tab > Salaried o. Hourly as Salaried" Related coverage > Eligible in another option in plan and attach this to both the plans.
Answer: D
NEW QUESTION 30
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?
- A. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
- B. All plans can be configured at the plan 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 3 plan type can be displayed on different train stops as groupings are done at the program level.
Answer: C
NEW QUESTION 31
......
Reduce Your Chance of Failure in 1Z0-1053-20 Exam: https://www.actual4exams.com/1Z0-1053-20-valid-dump.html