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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. Which two statements are true about Enrollment Authorizations?

A) They are optional to implement. If implemented, performing the authorization task is optional for the participant.
B) If they are implemented, participants must readand accept the terms provided in the text before they are able to enroll.
C) They appear only the first time that the participant entersself-service enrollment for multiple life events.
D) They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
E) They appear several times if the participant enters self-service multiple times for a single life event.

2. 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 Requirement to be configured.
C) A Designation Requirement cannot be configured for a plan with no option.
D) A plan must have the waive option for Designation Requirement to be configured.

3. 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) 130
B) 40
C) 32.5
D) 30

4. Your customer decided to use some delivered explicit life events in their business. What is your next step asan HCM Consultant after defining triggers as per the retirement?

A) Associate the life events with only flexible benefit programs.
B) Associate the life events only with Core benefit programs.
C) Associate the life events only with benefit plans which are not in a program.
D) Associate the life events only with benefit plans which are in a program.
E) Associate the life events with benefit plans or program.

5. 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 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
B) 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.
C) 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.
D) 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.

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