Replace Oracle Benefits Cloud 2021 Implementation Essentials 1z0-1053 Exam Guide

NEW QUESTION 1
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 2
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 3
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 Person Enrollment Summary Report from Benefits Self Service.
• D. Run the Enrollment Kit Report from Benefits Self-Service.
• E. Run the Real Time Analysis: Participant Enrollment Results from the Reports and Analytics work area.

Answer: B

Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-benefits-processin

NEW QUESTION 4
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 5
Which statement about configuring Designation Requirements is true?

• A. A Designation Requirement can be configured for a plan with no option.
• B. A plan must have multiple options for Designation Requirement to be configured.
• C. A plan must have the waive option for Designation Requirement to be configured.
• D. A Designation Requirement cannot be configured for a plan with no option.

Answer: B

NEW QUESTION 6
Which benefit object must be created prior to creating an option?

• A. Rate
• B. Plan Type
• C. Plan
• D. Coverage

Answer: B

Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/program-and-plan-creation.

NEW QUESTION 7
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. No collapsing rule was set.
• 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 employee is not eligible for life events.
• D. The Marriage event occurred before the Transfer event.

Answer: B

NEW QUESTION 8
How do you set up a Termination life event to end coverage at the end of the month?

• A. Coverage and Rate Date Ranges: Coverage Start Date: End of the MonthPrevious Coverage End Date: First of the Next Month
• B. Coverage and Rate Date Ranges: Coverage Start Date: First of the MonthPrevious Coverage End Date: End of the Month
• C. Coverage and Rate Date Ranges:Coverage Start Date: First of the Next Month Previous Coverage End Date: End of the Month
• D. Coverage and Pate Date Ranges: Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month

Answer: C

NEW QUESTION 9
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 runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
• C. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
• D. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.

Answer: A

NEW QUESTION 10
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 11
Which three areas contain tasks to prepare for an open enrollment period?

• A. Person Management work area
• B. Plan Configuration work area
• C. Evaluation and Reporting work areas
• D. Payroll Calculation work area
• E. Enrollment and My Information work areas

Answer: BCE

Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollmen

NEW QUESTION 12
The Open life event for a plan was backed out. The benefits administrator reprocessed the Open life event and found the earlier elections us originally enrolled in the plan.
What is the reason for this status?

• A. The life event date was different.
• B. The life event was not backed out properly.
• C. The life event reinstatement rule was configured.
• D. The life event was configured for another date.

Answer: C

Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm

NEW QUESTION 13
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. An intervening life event backed out the open event.
• D. The open event was accidentally backed out.

Answer: CD

Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm

NEW QUESTION 14
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 task XX Admin Life even
• B. Create a benefit group listing all the executive
• C. Create an eligibility profile with this group and attach it to the progra
• D. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
• E. Create a default life event for this task XX Admin Life even
• F. Create a separate-eligibility profil
• G. Then enroll the first of executives into a sample data and send the summary reports to the company.
• H. Create a default life event for this task XX Admin Life even
• I. Attach it to the Pla
• J. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
• K. Create a default life event for this I ask XX Admin Life even
• L. Create a benefit group listing all the executive
• M. Create an eligibility profile with this group and attach it to all the plan
• N. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.

Answer: C

NEW QUESTION 15
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 16
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 in a plan type can be displayed on different train stops as groupings are done at the plan level.
• C. All plans can be configured 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: B

NEW QUESTION 17
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 18
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 19
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 20
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 21
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, 2021 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 dat
• C. Configure the limitation to minimum 2 years at all three option level
• D. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.
• E. Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event dat
• F. Then configure the limitation to minimum 2 years at the plan tab.
• G. 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 dat
• H. Configure the limitation to minimum 2 years at all three option levels.

Answer: B

NEW QUESTION 22
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 23
How many life events can be included in a collapsing rule?

• A. 10
• B. 8
• C. 12
• D. 7

Answer: A

NEW QUESTION 24
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