1Z0-1053-26 by Oracle Valid Free Exam Practice Test

Question 1

Explicit, Temporal, Scheduled, Unrestricted

A. Valid type of life event B. Creation of enrollment results C. Tasks to prepare for open enrollment D. Termination life event configuration

Correct Answer: A

Question 2

Hours Worked, Full-Time Equivalent, Compensation

A. Valid type of life event B. Creation of enrollment results C. Derived factor types D. Rate visibility issue

Correct Answer: C

Question 3

Plan Configuration, Evaluation and Reporting

A. Valid type of life event B. Overspending in flex credit shell plans C. Tasks to prepare for open enrollment D. Number of train stops on benefits enrollment page

Correct Answer: C

Question 4

Can be defined in spending options

A. Valid type of life event B. Overspending in flex credit shell plans C. Rate visibility issue D. Tasks to prepare for open enrollment

Correct Answer: B

Question 5

Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers. What can you define so that participants who are covered by a plan for less than a full have no premium obligation?

A. Standard Coverage Value B. Standard Input Value C. Standard Rate Value D. Standard Wash Rule Formula

Correct Answer: D

Question 6

Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers.
What can you define so that participants who are covered by a plan for less than a full have no premium obligation?

A. Standard input Value B. Standard wash Rule formula C. Standard Rate Value D. Standard Coverage Volume

Correct Answer: A

Question 7

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

Question 8

Coverage Start Date: First of the Next Month

A. Valid type of life event B. Global health plan options C. Termination life event configuration D. Life event start date

Correct Answer: C

Question 9

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 completely achieved with configuration only. B. This requirement cannot be achieved with configurations, and would require custom Fast Formula. C. This requirement can be achieved through customization only. D. This requirement cannot be achieved in the current system offerings.

Correct Answer: D

Question 10

Can you change the column text of primary and secondary rates on the Benefit self-service page?

A. Yes, a change option is available in the Configure Grouping Display task. B. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change. C. Yes, a change option is available in the Enrollment Configuration task. D. No, a change option is not available in the Configure Grouping Display task.

Correct Answer: A

Oracle Benefits Cloud 2026 Implementation Professional - 1Z0-1053-26 Exam Practice Test