Using Newest Lead4Pass 1Z0-1053-22 Exam Dumps Complete Oracle 1Z0-1053-22 Exam – 2023.02
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Sample 1Z0-1053-22 exam questions of the 1Z0-1053-22 free dumps
Question 1:
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 the reason for this problem?
A. The rate activity type for payroll information is configured as cost.
B. The rate activity type for payroll information is configured as an employee contribution.
C. The rate is configured as secondary rate and not a primary rate.
D. The rate is inactive.
Correct Answer: D
Question 2:
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employee plus spouse
The company wants the plan to be rolled out to all employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1. They forgot that some employees may not want to enroll in the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?
A. They should have created 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.
Correct Answer: D
Question 3:
What rate is used for the flex credit program to adjust the total cost of the program?
A. Standard Primary Rate
B. Standard Rollover Rate
C. Rollover Rate
D. Standard Secondary Rate
Correct Answer: C
Question 4:
The benefits administrator runs an open enrollment window on March 1, 2017 for Program:
XX Life Insurance, but cannot find the life event date of March 15, 2017.
What could be the reason for this?
A. The life event date configured for XX Life Program is not 15 March 2017
B. There is no configuration for open enrollment for the Life Program.
C. A cycle has already run for open enrollment, so no life event date is available.
D. The benefits administrator has a login from the previous date to that 15 March 20l7.
Correct Answer: D
Question 5:
You are a benefits consultant implementing for a company that offers a life Insurance plan for employees with only one option-Employee Plus Family. The rate for this option is dependent on various factor5 like age/smoking status/gender:
A female employee in the under-40 age group, who is a smoker, wants to purchase $100,000 of life insurance. The plan would be 2.1 (100,000 * 0.21/1000), considering 5100,000 is the coverage she opts for. The calculation is-> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).
How can you configure a rate for the company\’s plan?
A. Configure an eligibility profile with age-derived factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage.
B. Configure a secondary rate with the calculation method as Multiple of Coverage.
C. Configure a fast formula calling this table. Configure a secondary standard rate with the calculation method as Formula. Then create another standard rate with type and the calculation method aS Multiple of Parent.
D. Configure a primary rate with the calculation method as Multiple of Coverage.
Correct Answer: D
Question 6:
Which statement about Waive options is true?
A. Waive options are options into which employees ate compulsorily enrolled in case they do not complete the required action items like certification, entering the date of birth, etc.
B. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
C. Waive options are options that do not require any dependent/beneficiary designation.
D. Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
Correct Answer: B
Question 7:
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
Correct Answer: C
Question 8:
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 Requirements 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.
Correct Answer: B
Question 9:
Can you define overspending of a budget pool in flex credit shell plans?
A. Yes, you can define it in the spending options.
B. Yes, you can define it in the standard rates.
C. Yes, you can define it as per the flex credit formula.
D. No, you do not have a placeholder.
Correct Answer: A
Question 10:
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 20.
B. The number of proximity days was specified as 0.
C. The life event had expired.
D. The number of proximity days was specified as 15.
Correct Answer: D
Question 11:
Can you upload student and disability statuses for multiple persons at one time?
A. Yes, it can be accomplished through a benefits administrator task.
B. Yes, it can be accomplished by creating a benefit group.
C. Yes, it can be accomplished through the spreadsheet loader.
D. No, this option isn\’t available.
Correct Answer: C
Question 12:
Can you change the column text of primary and secondary rates on the Benefit self-service page?
A. No, a change option is not available in the Configure Grouping Display task.
B. Yes, a change option is available in the Enrollment Configuration task.
C. Yes, a change option is available in the Configure Grouping Display task.
D. No, a change option is available in the Configure Grouping Display task, but it doesn’t allow a text change.
Correct Answer: C
Question 13:
Which two are program types when you configure Flex Credits?
A. Other Credits
B. Core
C. Flex
D. Flex Credits and Core
Correct Answer: BD
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13- update17d/fail/flex-credit-configuration.html#FAIBF1085855_2
Question 14:
Your customer 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 “Do not detect past temporal events”as the Temporal Detection Rule.
B. On the life event creation page, select “Never detect this temporal life event” 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 “Never detect Past or future 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.
Correct Answer: C
Question 15:
Which three are change opportunities an organization can implement during Open Enrollment?
A. decline coverage
B. enroll in existing plans
C. Start new benefit offerings
D. modify plan configuration
E. update rates
Correct Answer: ADE
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13- update17d/face/manage-open-enrollment.html#FACMB1107266_2
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