Free Oracle 1Z0-1053-21 Exam Questions and Answer from Training Expert TestValid
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NEW QUESTION 34
Which is NOT a valid type of life event?
- A. Explicit
- B. Temporal
- C. Restricted
- D. Scheduled
- E. Unrestricted
Answer: C
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/globalcs_gs/FACMB/FACMB1479189.htm#FACMB1229710
NEW QUESTION 35
A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverageplan at extra premium
3) Life insurance plan for employee and family
4) In Network Dental Insurance plan
5) Out of network Dental insurance plan
6) Eye care plan
How many plan types do you need to configure for this customer?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 36
The reinstatement rule enables you to restore elections during which two events?
- A. An intervening life event backed out the open event.
- B. The intervening life event activated the open event.
- C. The open event was backed out by the administrator from the Benefits Service Center.
- D. The open event was accidentally backed out.
Answer: A,D
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION 37
Yourcustomer 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 "Never detect this temporal life event" 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 "Do not detect future temporal events" as the Temporal DetectionRule.
- 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 past or future temporal events" as the Temporal Detection Rule.
Answer: C
NEW QUESTION 38
A benefits administrator goes to the Enrollment task and finds the following under, the life event summary:
1. Address Change life event status: Detected
2. New Hire life event: Manual
What does this status signify?
- A. A New Hire life event was manually selected.
An Address Change event was triggered for the person, and participation evaluation processing has not yet evaluated it. - B. A New Hire life event was manually selected, or the Configure the Timeliness Evaluation setting of a particular life event set the An Address Change event was triggered for the person and participation evaluate processing has not yet evaluated it.
- C. A New Hire life event was manually selected.
An Address Change event is yet to be triggered and processed for, the employee. - D. A New Hire life event wasmanually selected.
An Address Change event was triggered for the person and participation evaluation processing was evaluated.
Answer: B
NEW QUESTION 39
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 40
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. TheTimeliness 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. The Marriage eventoccurred before the Transfer event.
- 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. No collapsing rule was set.
- D. The employee is not eligible for life events.
Answer: B
NEW QUESTION 41
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: C
NEW QUESTION 42
Which two are program types when you configure Flex Credits?
- A. Other Credits
- B. Core
- C. Flex
- D. Flex Credits and Core
Answer: B,D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/flex-credit-configuration.htm
NEW QUESTION 43
Which three are change opportunities an organization can implement during Open Enrollment?
- A. Start new benefit offerings
- B. decline coverage
- C. modify plan configuration
- D. enroll in existing plans
- E. update rates
Answer: B,C,E
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-open-enrollment.ht
NEW QUESTION 44
XX Lifeinsurance 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 one derived factor. Create an eligibility profileand configure the derived factor under the eligibility profile. Then attach the eligibility profile 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 at Option 1, and then attach the same eligibility profile at Option 2.
- 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 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.
Answer: D
NEW QUESTION 45
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2016.
2. Marriage detected on 1-Jun-2016.
What do these statuses imply?
- A. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.
- B. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
- C. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
- D. New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
Answer: A
NEW QUESTION 46
How do you configure the link between the payroll module and benefits?
- A. Link the payroll to the plan salary basis.
- B. Link the element to the plan coverage.
- C. Link the payroll to the plan coverage.
- D. Link the element to the plan rate.
Answer: D
NEW QUESTION 47
Your customer wants to create anexplicit 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 CreateLife Event page under Additional Information leave the Self-Assigned check box blank and add specific legal entities.
- C. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
- D. On the CreateLife Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
Answer: D
NEW QUESTION 48
When you add an open scheduled event to a program of plans not in the program, what is the significance or the Assigned Life Event Date?
- A. It is the effective date of the open event and the date on which eligibilityis evaluated.
- B. It Is the last day of the open enrollment period.
- C. It is the date on which default benefits assignments are made.
- D. It is the first day of the open enrollment period.
Answer: B
NEW QUESTION 49
Can you upload student and disability status for multiple persons at one time?
- A. Yes, it can be accomplished through the spreadsheet loader.
- B. Yes, it can be accomplished by creating a benefit group.
- C. No, this option isn't available.
- D. Yes, it can be accomplishedthrough a benefit administrator task.
Answer: A
NEW QUESTION 50
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 all profiles are optional, then at least one of the profiles must be satisfied.
- C. 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.
- D. If some but not all profiles arerequired, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
Answer: C
NEW QUESTION 51
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 = 0, Max = 1
- B. Min = 0, Max = 0
- C. Min = 1, Max = 2
- D. Min = 1, Max - 1
Answer: C
NEW QUESTION 52
Which two are correct processes regarding performing the Benefits Extractsetup?
- A. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- B. Configure plan carrier details and extract options using the Manage Plan Carriers task.
- C. Extract benefits enrollment information into a single XML file for each plan carrier.
- D. Configure the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.
- E. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
Answer: B,C
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-data-extract.html#FAI
NEW QUESTION 53
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 is inactive.
- B. The rate activity type for payroll information is configured as cost.
- C. The rate is configured as secondary rate and not primary rate.
- D. The rate activity type for payroll information is configured as employee contribution.
Answer: A
NEW QUESTION 54
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 the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
- B. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- C. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
- 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 Benefits Self-Service configuration.
Answer: C
NEW QUESTION 55
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