2021 1Z0-1053-20 Premium Files Test pdf - Free Dumps Collection

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NEW QUESTION 27
Which benefit object must be created prior to creating an option?

• A. Plan
• B. Coverage
• C. Plan Type
• D. Rate

Answer: C

Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/program-and-plan-creation.

 

NEW QUESTION 28
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 = 0, Max = 0
• C. Min = 1, Max = 2
• D. Min = 0, Max = 1

Answer: C

 

NEW QUESTION 29
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 date on which default benefits assignments are made.
• 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 effective date of the open event and the date on which eligibility is evaluated.

Answer: B

 

NEW QUESTION 30
Which three are correct methods by which enrollment results can be created and made available for viewing?

• A. when a default enrollment is processed
• B. after the Evaluate Life Events batch process is completed successfully
• C. when an electable choice is saved as a part of self-service enrollment
• D. after the Close Enrollment process has completed
• E. when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment

Answer: B,C,E

 

NEW QUESTION 31
Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2018. What two steps must you perform as an administrator to stop existing participant enrollments and prevent new enrollments?

• A. Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
• B. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
• C. Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active.
• D. Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active,
• E. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.

Answer: D

 

NEW QUESTION 32
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.

Answer: B

 

NEW QUESTION 33
An employee logs in from employee self-service and navigates to the benefits section. However, the employee is unable to find the desired plan in the benefits section. Which two are possible reasons the plan does not appear:

• A. No option is available for the plan for enrollment.
• B. The employee is not eligible for the enrollment.
• C. No life event is detected.
• D. No unrestricted event is available for the employee.

Answer: D

 

NEW QUESTION 34
Which two are correct processes regarding performing the Benefits Extract setup?

• A. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
• B. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
• C. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
• D. Configure plan carrier details and extract options using the Manage Plan Carriers task.
• E. Extract benefits enrollment information into a single XML file for each plan carrier.

Answer: D,E

Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-data-extract.html#FAI

 

NEW QUESTION 35
Can you upload student and disability status for multiple persons at one time?

• A. Yes, it can be accomplished by creating a benefit group.
• B. No, this option isn't available.
• C. Yes, it can be accomplished through a benefit administrator task.
• D. Yes, it can be accomplished through the spreadsheet loader.

Answer: D

 

NEW QUESTION 36
The Open life event for a plan was backed out. The benefits administrator reprocessed the Open life event and found the earlier elections us originally enrolled in the plan.
What is the reason for this status?

• A. The life event was not backed out properly.
• B. The life event date was different.
• C. The life event was configured for another date.
• D. The life event reinstatement rule was configured.

Answer: D

Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm

 

NEW QUESTION 37
To which two benefits objects can Year Period be attached to?

• A. Program
• B. Plan
• C. Plan Type
• D. Option

Answer: C,D

Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm

 

NEW QUESTION 38
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employee plus 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 have configured an eligibility fast formula
• B. They should not have enabled the Assign on Default button for the options.
• C. They should have created an Option 3: Coverage Declined.
• D. They should have enabled a plan restriction fast formula.

Answer: D

 

NEW QUESTION 39
How many life events can be included in a collapsing rule?

• A. 0
• B. 1
• C. 2
• D. 3

Answer: C

 

NEW QUESTION 40
Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group.
How do you assign the individual functional consultant to this newly created benefits group?

• A. Assign individuals to the benefit group using the Manage Person task in the Plan Configuration work area.
• B. Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
• C. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
• D. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
• E. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.

Answer: D

 

NEW QUESTION 41
An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?

• A. This can be achieved via customization only.
• B. Dependent/Beneficiary designation can only be done on the plan enrollment page (where an employee chooses options). So, this cannot be achieved.
• C. This cannot be achieved.
• D. This can be achieved via configuration.

Answer: D

 

NEW QUESTION 42
What are the different types of open enrollment options available under Scheduled tab in program?

• A. Open Scheduled and Unrestricted Scheduled
• B. Open Enrollment and Open Unrestricted Enrollment
• C. Open All and Unrestricted All
• D. Open New Hire Enrollment and Unrestricted New Hire Enrollment

Answer: D

 

NEW QUESTION 43
Which three areas contain tasks to prepare for an open enrollment period?

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

Answer: A,B,E

Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollmen

 

NEW QUESTION 44
The reinstatement rule enables you to restore elections during which two events?

• A. An intervening life event backed out the open event.
• B. The open event was accidentally backed out.
• C. The open event was backed out by the administrator from the Benefits Service Center.
• D. The intervening life event activated the open event.

Answer: A,B

Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm

 

NEW QUESTION 45
The benefits administrator has configured five rates for five different legal entities. After implementation, an employee logs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section.
Why can't the employee see the assigned rate amount?

• A. The rate amount is not configured for the employee's specific legal employer.
• B. The rate amount Is a variable rate for the employee's legal employer.
• C. The rate amount "Assign on Enrollment" is enabled for five legal entities.
• D. The rate amount is of the unit of measure "Money".

Answer: A

 

NEW QUESTION 46
Which statement about Waive options is true?

• A. Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
• B. Waive options are options which do not require any dependent/beneficiary designation.
• C. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
• D. Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.

Answer: C

 

NEW QUESTION 47
Which two are program types when you configure Flex Credits?

• A. Core
• B. Other Credits
• C. Flex
• D. Flex Credits and Core

Answer: A,D

Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/flex-credit-configuration.htm

 

NEW QUESTION 48
Which statement about configuring Designation Requirements is true?

• A. A Designation Requirement cannot be configured for a plan with no option.
• B. A Designation Requirement can be configured for a plan with no option.
• C. A plan must have multiple options for Designation Requirement to be configured.
• D. A plan must have the waive option for Designation Requirement to be configured.

Answer: C

 

NEW QUESTION 49
Can you change the column text of primary and secondary rates on the Benefit self-service page?

• A. No, a change option is not available in the Configure Grouping Display task.
• B. Yes, a change option is available in the Configure Grouping Display task.
• C. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.
• D. Yes, a change option is available in the Enrollment Configuration task.

Answer: B

 

NEW QUESTION 50
Which is NOT a derived factor type?

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

Answer: B

Explanation:
Explanation
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5

 

NEW QUESTION 51
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