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Oracle 1Z0-1053-23 Exam Syllabus Topics:

Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. Given:
1. A benefits administrator entered a New Hire event on May 1, 2015. The life event originally occurred on January 1, 2015.
2. The Transfer event occurred on January 10, 20lb.
3. The Timeliness rule was configured for both life events to 90 days and the collapsing rule was also set When the participation evaluation process runs on May 5, 2015, the process does NOT evaluate the Marriage event or collapse any events.
Which two are reasons for this?

A) The Marriage event occurred before the Transfer event.
B) No collapsing rule was set.
C) The employee is not eligible for life events.
D) The process doesn,t evaluate other events that occur later than the Marriage event until you decide what action to take for that event.

2. Which is not a valid type of life event?

A) Scheduled
B) Explicit
C) Unrestricted
D) Restricted
E) Temporal

3. Which is not a derived factor type?

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

4. Which three areas contain tasks to prepare for an open enrollment period?

A) Evaluation and Reporting work areas
B) Plan Configuration work area
C) Payroll Calculation work area
D) Enrollment and My Information work areas
E) Person Management work area

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 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 secondary 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 primary rate with the calculation method as Multiple of Coverage.

Solutions: