1Z0-1053-23 Study Guide Brilliant 1Z0-1053-23 Exam Dumps PDF
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NEW QUESTION # 27
Benefit configuration for dependent options
- A. Evaluate life events, close enrollment, enrollment authorizations
- B. Optional, mandatory for participant
- C. Create two eligibility profiles based on age
- D. Hours worked, full-time equivalent, compensation
Answer: C
NEW QUESTION # 28
Explicit, Temporal, Scheduled, Unrestricted
- A. Valid type of life event
- B. Creation of enrollment results
- C. Termination life event configuration
- D. Tasks to prepare for open enrollment
Answer: B
NEW QUESTION # 29
Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self Service. How do you accomplish this requirement?
- A. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for admins.
- B. Select the same admin category on the Edit Plan Type page while managing Benefits Self Service configuration.
- C. Select Display Signature in the Confirmation section while managing Benefits Self Service configuration.
- D. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- E. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
Answer: C
NEW QUESTION # 30
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 rate start date
- B. as of coverage start date
- C. as of enrollment start date
- D. as of event start date
Answer: D
NEW QUESTION # 31
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: A
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-exports-and-imports.html#FAIBF1020137
NEW QUESTION # 32
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 33
Can you upload student and disability status for multiple persons at one time?
- A. Yes, it can be accomplished through the spreadsheet loader.
- B. Yes, it can be accomplished through a benefit administrator task.
- C. Yes, it can be accomplished by creating a benefit group.
- D. No, this option isn,t available.
Answer: C
NEW QUESTION # 34
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 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.
- 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 secondary rate with the calculation method as Multiple of Coverage.
Answer: C
NEW QUESTION # 35
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 "Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula.
- B. 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.
- C. 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.
- 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 "As of event date" as the enrollment period start date.
Answer: A
NEW QUESTION # 36
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 effective date of the open event and the date on which eligibility is evaluated.
- B. It Is the last day of the open enrollment period.
- C. It is the first day of the open enrollment period.
- D. It is the date on which default benefits assignments are made.
Answer: D
NEW QUESTION # 37
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 is configured as secondary rate and not primary rate.
- B. The rate activity type for payroll information is configured as employee contribution.
- C. The rate activity type for payroll information is configured as cost.
- D. The rate is inactive.
Answer: D
NEW QUESTION # 38
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 achieved through customization only.
- C. This requirement cannot be achieved in the current system offerings.
- D. This requirement can be completely achieved with configuration only.
Answer: A
NEW QUESTION # 39
Number of train stops on Benefits Enrollment page
- A. Enterprise Systems
- B. Customizable
- C. Configurable
- D. Internally Developed
Answer: C
NEW QUESTION # 40
The benefits admin runs an open enrollment window on 03/01/2017 for Program: XX Life Insurance, but cannot find the life event date of 03/15/2017. What could be a reason for this?
- A. The benefits admin has a login from the previous date to that of 03/15/2017.
- B. The life event date configured for XX Life Program is not 03/15/2017.
- C. A cycle has already run for open enrollment, so no life event date is available.
- D. There is no configuration for open enrollment for the XX Life Program.
Answer: D
NEW QUESTION # 41
January 31, 2017
- A. Overspending in flex credit shell plans
- B. Valid type of life event
- C. Coverage start date for employee
- D. Tasks to prepare for open enrollment
Answer: C
NEW QUESTION # 42
Which is NOT a derived factor type?
- A. Grade
- B. Full-Time Equivalent
- C. Hours Worked
- D. Compensation
Answer: A
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5
NEW QUESTION # 43
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