Oracle Benefits Cloud 2021 Implementation Essentials - 1Z0-1053-21

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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

Question 1

Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self-Set vice.
How do you accomplish this requirement?

A. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
B. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
C. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
D. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
E. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.

Question 2

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 Coverage Volume
C. Standard Rate Value
D. Standard wash Rule formula

Question 3

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 secondary rate with the calculation method as Multiple of Coverage.
B. 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.
C. Configure a primary rate with the calculation method as Multiple of Coverage.
D. 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.

Question 4

Which is NOT a derivedfactor type?

A. Hours Worked
B. Grade
C. Full-Time Equivalent
D. Compensation

Question 5

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 activity type for payroll information is configured as cost.
B. The rate is inactive.
C. The rate activity type for payroll information is configured as employee contribution.
D. The rate is configured as secondary rate and not primary rate.

Solutions: