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Oracle 1Z0-1053-20 Exam Syllabus Topics:
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NEW QUESTION 20
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 21
Your customer wants to create an explicit 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 Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
- C. On the Create Life Event page under Additional Information leave the Self-Assigned check box blank and add specific legal entities.
- D. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
Answer: B
NEW QUESTION 22
Which object is NOT included in benefit export?
- A. Element input values
- B. Plan not in program configuration
- C. Eligibility profile
- D. Program configuration
Answer: A
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-export
NEW QUESTION 23
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 number of proximity days was specified as 0.
- B. The number of proximity days was specified as 15.
- C. The life event had expired.
- D. The number of proximity days was specified as 20.
Answer: B
NEW QUESTION 24
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 cannot be achieved with configurations, and would require custom Fast Formula.
- C. This requirement can be completely achieved with configuration only.
- D. This requirement cannot be achieved in the current system offerings.
Answer: D
NEW QUESTION 25
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 31, 2017
- B. December 28, 2016
- C. January 15, 2017
- D. January 22, 2017
Answer: A
NEW QUESTION 26
Which is NOT a derived factor type?
- A. Grade
- B. Compensation
- C. Hours Worked
- D. Full-Time Equivalent
Answer: A
Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5
NEW QUESTION 27
An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?
- A. This can be achieved via configuration.
- B. This cannot be achieved.
- C. Dependent/Beneficiary designation can only be done on the plan enrollment page (where an employee chooses options). So, this cannot be achieved.
- D. This can be achieved via customization only.
Answer: A
NEW QUESTION 28
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 was configured for another date.
- B. The life event reinstatement rule was configured.
- C. The life event was not backed out properly.
- D. The life event date was different.
Answer: B
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION 29
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.
- B. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
- C. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- D. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
- E. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
Answer: D
NEW QUESTION 30
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 eligibility is evaluated.
- B. It is the date on which default benefits assignments are made.
- C. It Is the last day of the open enrollment period.
- D. It is the first day of the open enrollment period.
Answer: C
NEW QUESTION 31
XX Global Health Plan has multiple options attached.
* Option i: XX Annual Health Insurance
* Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event - Termination?
- A. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
- B. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
- C. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula. - D. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula. - E. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Number of Days from the event" as the enrollment period start date and the number field as 15.
Answer: D
NEW QUESTION 32
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?
- A. All plans can be configured at the plan 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 in a plan type are displayed on the same train stop as groupings are done at the plan type 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 33
Which is NOT a valid type of life event?
- A. Restricted
- B. Temporal
- C. Explicit
- D. Scheduled
- E. Unrestricted
Answer: A
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/globalcs_gs/FACMB/FACMB1479189.htm#FACMB1229710
NEW QUESTION 34
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. 32.5
- B. 0
- C. 1
- D. 2
Answer: D
NEW QUESTION 35
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 with benefit plans or program.
- C. Associate the life events only with benefit plans which are in a program.
- D. Associate the life events only with benefit plans which are not in a program.
- E. Associate the life events only with Core benefit programs.
Answer: B
NEW QUESTION 36
Which two are program types when you configure Flex Credits?
- A. Other Credits
- B. Flex Credits and Core
- C. Core
- D. Flex
Answer: B,C
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/flex-credit-configuration.htm
NEW QUESTION 37
Which statement about configuring Designation Requirements is true?
- A. A plan must have the waive option for Designation Requirement to be configured.
- B. A Designation Requirement cannot be configured for a plan with no option.
- C. A plan must have multiple options for Designation Requirement to be configured.
- D. A Designation Requirement can be configured for a plan with no option.
Answer: C
NEW QUESTION 38
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