Oracle 1Z0-1053-24 Exam Real Questions

Prepare and pass your Oracle Benefits Cloud 2024 Implementation Professional with free 1Z0-1053-24 exam questions.

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Total 62 Questions | Updated On: Sep 03, 2024

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Question 1

Which two statements are true about Enrollment Authorizations?

A : They appear several times if the participant enters self-service multiple times for a single life event.

B : If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.

C : They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.

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.

Answer: A,D

Question 2

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 can be completely achieved with configuration only.

C : This requirement cannot be achieved with configurations, and would require custom Fast Formula.

D : This requirement cannot be achieved in the current system offerings.

Answer: D

Question 3

To which two benefits objects can Year Period be attached to?

A : Program

B : Plan Type

C : Plan

D : Option

Answer: A,C

Question 4

A company offers its employees a choice of four plans within a health insurance plan type. However, the

company wants to compulsorily enroll an employee into one plan.

What must the minimum and maximum plan limit be set at Plan Type level?

A : Min = 1, Max - 1

B : Min = 1, Max = 2

C : Min = 0, Max = 1

D : Min = 0, Max = 0

Answer: B

Question 5

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 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.

B : Configure a secondary rate with the calculation method as Multiple of Coverage.

C : 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.

D : Configure a primary rate with the calculation method as Multiple of Coverage.

Answer: D

Page: 1 / 13

Total 62 Questions | Updated On: Sep 03, 2024

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