Practice 1Z0-1053-23 Exam Online

Question 1

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 can be completely achieved with configuration only.

C : This requirement cannot be achieved with configurations, and would require custom Fast Formula.

D : This requirement cannot be achieved in the current system offerings.

Answer: D

Question 2

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.

Answer: D

Question 3

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 a 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 XX 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 of 15 March 20l7.

Answer: D

Question 4

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 enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.

B : 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.

C : 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.

D : 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.

Answer: B

Question 5

The benefits administrator has configured five rates for five different legal entities. After implementation, an

employee logs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate

amount to the plan under the rate section.

Why can't the employee see the assigned rate amount?

A : The rate amount Is a variable rate for the employee's legal employer.

B : The rate amount is of the unit of measure "Money".

C : The rate amount is not configured for the employee's specific legal employer.

D : The rate amount "Assign on Enrollment" is enabled for five legal entities.

Answer: C

Name:	Oracle Benefits Cloud 2023 Implementation Professional
Exam Code:	1Z0-1053-23
Certification:	Oracle Cloud
Vendor:	Oracle
Total Questions:	62
Last Updated:	Apr 22, 2024

Oracle 1Z0-1053-23