Oracle 1Z0-1053-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1053-22 Online Questions & Answers

• Question 1:

  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 Month Previous Coverage End Date: First of the Next Month
  B. Coverage and Rate Date Ranges: Coverage Start Date: First of the Month Previous 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 Month Previous 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

• Question 2:

  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 thisrequirement?

  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 EnrollmentKit Report from Benefits Self-Service.
  E. Run the Real Time Analysis: Participant Enrollment Results from the Reports and Analytics work area.
  B. Run the Enrollment Kit Report from the Benefits Enrollment work area.

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  explanation:

  https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-benefits-processing-and-uploads.html#FACMB1259728

• Question 3:

  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. December 28, 2016
  C. January 31, 2017
  D. January 22, 2017
  C. January 31, 2017

• Question 4:

  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 trainstops as groupings are done at the program level.
  B. All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.

• Question 5:

  Your customer decided to use some delivered explicit life events in their business. What is your next step asan 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.
  D. Associate the life events with benefit plans or program.

• Question 6:

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

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

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  explanation:

  https://docs.oracle.com/en/cloud/saas/global-human-resources/r13- update17d/facmb/program-and-plan-creation.html#FACMB307292

• Question 7:

  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. 5
  B. 3
  C. 4
  D. 6
  B. 3

• Question 8:

  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.
  C. An intervening life event backed out the open event.
  D. The open event was accidentally backed out.

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  explanation:

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

• Question 9:

  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 but not closed. Marriage LE is triggered but has not yet made elections.
  B. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
  C. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
  D. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.
  D. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.

• Question 10:

  How many life events can be included in a collapsing rule?

  A. 10
  B. 8
  C. 12
  D. 7
  A. 10