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Oracle 1Z0-1053-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Administration | - Role-based access and security model
|
| Payroll and Financial Integration | - Integration with payroll systems
|
| Benefits Cloud Overview | - Architecture and key concepts of Oracle Benefits Cloud
|
| Enrollment and Life Events | - Life event processing
|
| Eligibility and Profiles | - Eligibility Profiles setup and usage
|
| Reporting and Maintenance | - Benefits reporting and analytics
|
| Plan and Program Configuration | - Benefit programs and plan design
|
| Fast Formulas and Calculations | - Benefits Fast Formulas usage
|
Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:
Which three are change opportunities an organization can implement during Open Enrollment?
- A. modify plan configuration
- B. update rates
- C. decline coverage
- D. enroll in existing plans
- E. Start new benefit offerings
Correct Answer: A,B,C 🗳️
Explanation: Only visible for DumpsMaterials members. You can sign-up / login (it's free).
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 life event had expired.
- B. The number of proximity days was specified as 0.
- C. The number of proximity days was specified as 20.
- D. The number of proximity days was specified as 15.
Correct Answer: D 🗳️
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?
- A. Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.
- B. Life eventsaffect benefits processing for a participant.
- C. The amount of deduction from employee pay check for enrollment is varied based on a life event.
- D. Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
Correct Answer: A,B 🗳️
Explanation: Only visible for DumpsMaterials members. You can sign-up / login (it's free).
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 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.
- B. 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.
- 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.
Correct Answer: D 🗳️
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.
Correct Answer: A 🗳️
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