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Introduction to Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 Exam
Oracle Benefits Cloud 2020 Implementation Essentials is designed for candidates who have the knowledge and skills required to configure and implement Oracle HCM Cloud Benefits Service solutions. Candidates who earn this certification will be able to configure and administer benefits, set up benefits extracts, and extract and transmit data to plan carriers
What is the duration, language, and format of Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 Exam
- Number of Questions: 55
- Language: 1z0-1053-20 offered in English (U.S.)
- Length of Examination: 85 minutes
- Passing score: 70%
- Format: Multiple choices, multiple answers
NEW QUESTION 34
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 35
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 Additional Information, select the Self-Assigned check box and add specific legal entities.
- B. On the Create Life Event page under General Information, select the Global 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: A
NEW QUESTION 36
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 37
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 15.
- B. The number of proximity days was specified as 20.
- C. The number of proximity days was specified as 0.
- D. The life event had expired.
Answer: A
NEW QUESTION 38
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 39
A company wants to display the following text on its Benefit Employee Self Service:
"Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?
- A. Manage enrollment authorization -> self-service usage -> self-service description text
- B. Configure plan type grouping display -> administration usage -> self-service description text
- C. Configure plan type grouping display -> self-service usage -> self-service description text
- D. Manage enrollment authorization -> administration usage -> self-service description text
Answer: D
NEW QUESTION 40
What are the different types of open enrollment options available under Scheduled tab in program?
- A. Open Enrollment and Open Unrestricted Enrollment
- B. Open Scheduled and Unrestricted Scheduled
- C. Open New Hire Enrollment and Unrestricted New Hire Enrollment
- D. Open All and Unrestricted All
Answer: C
NEW QUESTION 41
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
"Number of Days from the event" as the enrollment period start date and the number field as 15. - B. 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. - C. 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.
- 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 Opportunity type formula. - E. 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.
Answer: B
NEW QUESTION 42
What rate is used for the flex credit program to adjust the total cost of the program?
- A. Standard Secondary Rate
- B. Standard Primary Rate
- C. Standard Rollover Rate
- D. Rollover Rate
Answer: D
NEW QUESTION 43
Which object is NOT included in benefit export?
- A. Plan not in program configuration
- B. Program configuration
- C. Eligibility profile
- D. Element input values
Answer: D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-export
NEW QUESTION 44
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 22, 2017
- B. January 31, 2017
- C. December 28, 2016
- D. January 15, 2017
Answer: B
NEW QUESTION 45
Which two statements are correct with respect to required action in the eligibility profile?
- A. If all profiles are optional, then at least one of the profiles must be satisfied.
- B. If all profiles are requited, then at least one of the profiles must be satisfied.
- C. If only one eligibility profile is added to an object, then the criteria in that profile may or may not be satisfied, even if the Required option is not selected.
- D. If some but not all profiles are required, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
Answer: C
NEW QUESTION 46
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 47
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 48
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 a reason for this problem?
- A. The rate activity type for payroll information is configured as cost.
- B. The rate is inactive.
- C. The rate activity type for payroll information is configured as employee contribution.
- D. The rate is configured as secondary rate and not primary rate.
Answer: B
NEW QUESTION 49
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 cannot be achieved with configurations, and would require custom Fast Formula.
- B. This requirement can be completely achieved with configuration only.
- C. This requirement can be achieved through customization only.
- D. This requirement cannot be achieved in the current system offerings.
Answer: D
NEW QUESTION 50
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 51
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