[Feb 19, 2025] Passing Key To Getting 1Z0-1053-23 Certified Exam Engine PDF
1Z0-1053-23 Exam Dumps Pass with Updated Feb-2025 Tests Dumps
NEW QUESTION # 28
Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self Service. How do you accomplish this requirement?
- A. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- B. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
- C. Select Display Signature in the Confirmation section while managing Benefits Self Service configuration.
- D. Select the same admin category on the Edit Plan Type page while managing Benefits Self Service configuration.
- E. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for admins.
Answer: C
NEW QUESTION # 29
Evaluate Life Events, Close Enrollment, Enrollment Authorizations
- A. Number of train stops on benefits enrollment page
- B. Valid type of life event
- C. Termination life event configuration
- D. Creation of enrollment results
Answer: D
NEW QUESTION # 30
The reinstatement rule enables you to restore elections during which two events?
- A. The open event was backed out by the administrator from the Benefits Service Center.
- B. The intervening life event activated the open event.
- C. The open event was accidentally backed out.
- D. An intervening life event backed out the open event.
Answer: C,D
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION # 31
January 31, 2017
- A. Overspending in flex credit shell plans
- B. Tasks to prepare for open enrollment
- C. Valid type of life event
- D. Coverage start date for employee
Answer: D
NEW QUESTION # 32
As of event start date
- A. Valid type of life event
- B. Termination life event configuration
- C. Creation of enrollment results
- D. Life event start date
Answer: D
NEW QUESTION # 33
To which two benefits objects can Year Period be attached to?
- A. Program
- B. Plan Type
- C. Plan
- D. Option
Answer: B,D
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm
NEW QUESTION # 34
A company wants to display the following text on its Benefits 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. Configure plan type grouping display > administration usage > self-service description text
- B. Configure plan type grouping display > self-service usage > self-service description text
- C. Manage enrollment authorization > administration usage > self-service description text
- D. Manage enrollment authorization > self-service usage > self-service description text
Answer: A
NEW QUESTION # 35
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 Input Value
- B. Standard Wash Rule Formula
- C. Standard Coverage Value
- D. Standard Rate Value
Answer: B
NEW QUESTION # 36
Which is not a derived factor type?
- A. Full-Time Equivalent
- B. Compensation
- C. Grade
- D. Hours Worked
Answer: C
NEW QUESTION # 37
What rate is used for the flex credit program to adjust the total cost of the program?
- A. Rollover Rate
- B. Standard Primary Rate
- C. Standard Rollover Rate
- D. Standard Secondary Rate
Answer: A
NEW QUESTION # 38
Which two are correct processes regarding performing the Benefits Extract setup?
- A. Extract benefits enrollment information into a single XML file for each plan carrier.
- B. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
- C. Configure plan carrier details and extract options using the Manage Plan Carriers task.
- D. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- E. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
Answer: A,E
NEW QUESTION # 39
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 enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.
- B. 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.
- C. 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.
- 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: B
NEW QUESTION # 40
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. There is no configuration for open enrollment for the XX Life Program.
- B. The life event date configured for XX Life Program is not 15 March 2017
- 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: D
NEW QUESTION # 41
A company has XX Fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in three production instances. The company wants to run enrollment for executives and send the data for internal discussion. How can the benefits admin perform this task?
- A. 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
- B. 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.
- 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.
Answer: B
NEW QUESTION # 42
Which two statements are true about Enrollment Authorizations?
- A. They appear only the first time that the participant enters self-service enrollment for multiple life events.
- B. They are optional to implement. If implemented, performing the authorization task is optional for the participant.
- C. If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.
- D. They appear several times if the participant enters self-service multiple times for a single life event.
- E. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
Answer: B,E
NEW QUESTION # 43
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 secondary rate with the calculation method as Multiple of Coverage.
- B. Configure a primary rate with the calculation method as Multiple of Coverage.
- C. 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.
- D. 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.
Answer: C
NEW QUESTION # 44
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 Core benefit programs.
- C. Associate the life events with benefit plans or program.
- D. Associate the life events only with benefit plans which are in a program.
- E. Associate the life events only with benefit plans which are not in a program.
Answer: D
NEW QUESTION # 45
Which object is NOT included in benefit export?
- A. Plan not in program configuration
- B. Program configuration
- C. Eligibility profile
- D. Element input values
Answer: A
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-exports-and-imports.html#FAIBF1020137
NEW QUESTION # 46
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 08/01/2015; 2. Dependent event occurs on 08/01/2015. What is the result?
- A. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.
- B. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.
- C. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.
- D. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.
Answer: A
NEW QUESTION # 47
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: B
NEW QUESTION # 48
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 cannot be achieved in the current system offerings.
- C. This requirement can be completely achieved with configuration only.
- D. This requirement can be achieved through customization only.
Answer: A
NEW QUESTION # 49
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. No, you do not have a place holder.
- C. Yes, you can define it in the standard rates.
- D. Yes, you can define it in the spending options.
Answer: C
NEW QUESTION # 50
Intervening life event backed out open event
- A. Termination life event configuration
- B. Termination life event configuration
- C. Reinstatement rule events
- D. Rate visibility issue
Answer: B
NEW QUESTION # 51
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