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Oracle 1Z0-1053-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Administering Benefits | - Manage enrollments & service center tasks - Flex credits and coverage/rates management - Prepare and manage open enrollment - Common administrative tasks |
| Topic 2: Configuring Benefits | - Create benefit plans, programs, groups and eligibility profiles - Configure life events - Plan types and options configuration - Enrollment display and configuration |
| Topic 3: Reporting on Benefits | - Benefit reporting basics - Enrollment results and extracts - Extract and transmit data to plan carriers |
| Topic 4: Benefits Billing and Court Orders | - Manage benefit court orders - Configure benefits billing |
Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:
Question 1
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 Rate Value
C. Standard Coverage Volume
D. Standard wash Rule formula
Question 2
The benefits administrator runs an open enrollment window on March 1,2017 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2017. What could be a reason for this?
A. The life event date configured for XX Life Program is not 15 March 2017
B. There is no configuration for open enrollment for theXX Life Program.
C. The benefits administrator has a login from the previous date to that of 15 March 20l7.
D. A cycle has already run for open enrollment, so no life event date is available.
Question 3
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employeeplus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?
A. They should not have enabled the Assign on Default button for the options.
B. They should have enabled a plan restriction fast formula.
C. They should have created an Option 3: Coverage Declined.
D. They should have configured an eligibility fast formula
Question 4
Which is NOT a derivedfactor type?
A. Grade
B. Hours Worked
C. Full-Time Equivalent
D. Compensation
Question 5
An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?
A. Dependent/Beneficiary designation can only be doneon the plan enrollment page (where an employee chooses options). So, this cannot be achieved.
B. This cannot be achieved.
C. This can be achieved via configuration.
D. This can be achieved via customization only.
Solutions:
| Question 1 Answer: A | Question 2 Answer: C | Question 3 Answer: B | Question 4 Answer: A | Question 5 Answer: C |
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