[Jan 02, 2022] New Real 1Z0-1053-20 Exam Dumps Questions
Pass Your 1Z0-1053-20 Exam Easily with Accurate Oracle Benefits Cloud 2020 Implementation Essentials PDF Questions
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NEW QUESTION 18
Which benefit object must be created prior to creating an option?
- A. Plan Type
- B. Plan
- C. Rate
- D. Coverage
Answer: A
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/program-and-plan-creation.
NEW QUESTION 19
Which three areas contain tasks to prepare for an open enrollment period?
- A. Evaluation and Reporting work areas
- B. Enrollment and My Information work areas
- C. Payroll Calculation work area
- D. Person Management work area
- E. Plan Configuration work area
Answer: A,B,E
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollmen
NEW QUESTION 20
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 = 0
- B. Min = 1, Max - 1
- C. Min = 1, Max = 2
- D. Min = 0, Max = 1
Answer: C
NEW QUESTION 21
A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverage plan 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: C
NEW QUESTION 22
An employee logs in from employee self-service and navigates to the benefits section. However, the employee is unable to find the desired plan in the benefits section. Which two are possible reasons the plan does not appear:
- A. No unrestricted event is available for the employee.
- B. The employee is not eligible for the enrollment.
- C. No option is available for the plan for enrollment.
- D. No life event is detected.
Answer: A
NEW QUESTION 23
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 Marriage event occurred before the Transfer event.
- C. The employee is not eligible for life events.
- D. The process doesn't evaluate other events that occur later than the Marriage event until you decide what action to take for that event.
Answer: D
NEW QUESTION 24
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 period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.
- B. 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.
- C. 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.
- 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: C
NEW QUESTION 25
Which is NOT a derived factor type?
- A. Full-Time Equivalent
- B. Grade
- C. Compensation
- D. Hours Worked
Answer: B
Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5
NEW QUESTION 26
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 Enrollment Kit Report from the Benefits Enrollment work area.
- B. Run the Person Enrollment Summary Report from Benefits Self Service.
- C. Run the Person Enrollment Summary Report from the Enrollment work area.
- 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: A
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-benefits-processing
NEW QUESTION 27
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 only with benefit plans which are not in a program.
- B. Associate the life events with only flexible benefit programs.
- C. Associate the life events with benefit plans or program.
- D. Associate the life events only with Core benefit programs.
- E. Associate the life events only with benefit plans which are in a program.
Answer: C
NEW QUESTION 28
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 open event was accidentally backed out.
- C. The intervening life event activated the open event.
- D. An intervening life event backed out the open event.
Answer: B,D
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION 29
Which three are change opportunities an organization can implement during Open Enrollment?
- A. decline coverage
- B. modify plan configuration
- C. update rates
- D. Start new benefit offerings
- E. enroll in existing plans
Answer: A,B,C
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-open-enrollment.ht
NEW QUESTION 30
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 31
Can you change the column text of primary and secondary rates on the Benefit self-service page?
- A. Yes, a change option is available in the Configure Grouping Display task.
- B. No, a change option is not available in the Configure Grouping Display task.
- C. Yes, a change option is available in the Enrollment Configuration task.
- D. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.
Answer: A
NEW QUESTION 32
Which three are correct methods by which enrollment results can be created and made available for viewing?
- A. after the Evaluate Life Events batch process is completed successfully
- B. when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment
- C. when a default enrollment is processed
- D. when an electable choice is saved as a part of self-service enrollment
- E. after the Close Enrollment process has completed
Answer: A,B,D
NEW QUESTION 33
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, 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.
- B. 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. - 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 was manually selected.
An Address Change event was triggered for the person and participation evaluation processing was evaluated.
Answer: A
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. 0
- B. 32.5
- C. 1
- D. 2
Answer: C
NEW QUESTION 35
To which two benefits objects can Year Period be attached to?
- A. Plan Type
- B. Option
- C. Plan
- D. Program
Answer: A,B
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm
NEW QUESTION 36
Which two are program types when you configure Flex Credits?
- A. Flex Credits and Core
- B. Flex
- C. Other Credits
- D. Core
Answer: A,D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/flex-credit-configuration.htm
NEW QUESTION 37
Can you define overspending of a budget pool in flex credit shell plans?
- A. Yes, you can define it in the spending options.
- 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 as per the flex credit formula.
Answer: A
NEW QUESTION 38
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?
- A. 0
- B. 1
- C. The number of train stops can be configured.
- D. 2
Answer: C
NEW QUESTION 39
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 coverage.
- D. Link the payroll to the plan salary basis.
Answer: A
NEW QUESTION 40
Which two are correct processes regarding performing the Benefits Extract setup?
- A. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- B. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
- C. Configure plan carrier details and extract options using the Manage Plan Carriers task.
- D. Extract benefits enrollment information into a single XML file for each plan carrier.
- E. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
Answer: C,D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-data-extract.html#FAI
NEW QUESTION 41
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 first day of the open enrollment period.
- B. It Is the last day of the open enrollment period.
- C. It is the effective date of the open event and the date on which eligibility is evaluated.
- D. It is the date on which default benefits assignments are made.
Answer: B
NEW QUESTION 42
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