1Z0-1053-23 by Oracle Valid Free Exam Practice Test

Question 1

How many life events can be included in a collapsing rule?

A. 12 B. 10 C. 8 D. 7

Correct Answer: B

Question 2

Which two are program types when you configure Flex Credits?

A. Flex Credits and Core B. Other Credits C. Flex D. Core

Correct Answer: C,D

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Question 3

Your customer wants to create an explicit life event that can be used only in two specific legal entities. How do you accomplish this requirement?

A. On the Create Life Event page under Additional Information, leave the Self-Assigned check box blank 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 General Information, leave the Global check box blank and add specific legal entities. D. On the Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.

Correct Answer: C

Question 4

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 a secondary rate with the calculation method as Multiple of Coverage. B. Configure a primary rate with the calculation method as Multiple of Coverage. C. 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. D. 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.

Correct Answer: C

Question 5

Achieved via configuration

A. Valid type of Life Event B. Overspending in flex credit shell plans C. Number of train stops on benefits enrollment page D. Designating dependents on Train Stop

Correct Answer: D

Question 6

Which object is NOT included in benefit export?

A. Element input values B. Eligibility profile C. Program configuration D. Plan not in program configuration

Correct Answer: D

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Question 7

A plan is created for a calendar year from 01/01/2017 and ends on 12/31/2017. The company wants to create an event on the occurrence of life event date. What will be the life event start date?

A. as of enrollment start date B. as of coverage start date C. as of rate start date D. as of event start date

Correct Answer: D

Question 8

This is the configuration of a collapsing life event rule: Life Event = Marriage & Dependent; Operator = AND; Resulting Event Name = Dependent; Life Event Occurred Date = Earliest Life Event Occurred Date; Proximity Days = 0. You run the collapsing rule in the scenario: 1. Marriage event occurs on 08/01/2015; 2. Dependent event occurs on 08/01/2015. What is the result?

A. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015. B. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015. C. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015. D. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.

Correct Answer: A

Question 9

When you add an open scheduled event to a program of plans not in the program, what is the significance or the Assigned Life Event Date?

A. It Is the last day of the open enrollment period. B. It is the effective date of the open event and the date on which eligibility is evaluated. C. It is the first day of the open enrollment period. D. It is the date on which default benefits assignments are made.

Correct Answer: D

Question 10

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

Correct Answer: D

Oracle Benefits Cloud 2023 Implementation Professional - 1Z0-1053-23 Exam Practice Test