Oracle Benefits Cloud 2020 Implementation Essentials - 1Z0-1053-20 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Which two statements are true about Enrollment Authorizations?

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

Discussion 0

Correct Answer: D,E Vote an answer

Question 2

A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverage plan at extra premium
3) Life insurance plan for employee and family
4) In Network Dental Insurance plan
5) Out of network Dental insurance plan
6) Eye care plan
How many plan types do you need to configure for this customer?

A. 6 B. 3 C. 5 D. 4

Discussion 0

Correct Answer: B Vote an answer

Question 3

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

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

Discussion 0

Correct Answer: B Vote an answer

Question 4

Which statement about configuring Designation Requirements is true?

A. A Designation Requirement can be configured for a plan with no option. B. A Designation Requirement cannot be configured for a plan with no option. C. A plan must have the waive option for Designation Requirement to be configured. D. A plan must have multiple options for Designation Requirement to be configured.

Discussion 0

Correct Answer: D Vote an answer

Question 5

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

Discussion 0

Correct Answer: B Vote an answer

Question 6

XX Life insurance 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 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. 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 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 D. 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.

Discussion 0

Correct Answer: D Vote an answer