Validate your 1Z0-1053-23 Exam Preparation with 1Z0-1053-23 Practice Test (Online & Offline) [Q10-Q30]

Share

Validate your 1Z0-1053-23 Exam Preparation with 1Z0-1053-23 Practice Test (Online & Offline)

Get all the Information About Oracle 1Z0-1053-23 Exam 2025 Practice Test Questions

NEW QUESTION # 10
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 not have enabled the Assign on Default button for the options.
  • B. They should have configured an eligibility fast formula
  • C. They should have enabled a plan restriction fast formula.
  • D. They should have created an Option 3: Coverage Declined.

Answer: C


NEW QUESTION # 11
Which is not a derived factor type?

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

Answer: B


NEW QUESTION # 12
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 Wash Rule Formula
  • C. Standard Rate Value
  • D. Standard Coverage Value

Answer: B


NEW QUESTION # 13
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?

  • A. Life events affect benefits processing for a participant.
  • B. The amount of deduction from employee pay check for enrollment is varied based on a life event.
  • C. Each occurrence of the life event causes participation evaluation processing to reconsider the plan,s availability for a program.
  • D. Each occurrence of the life event causes participation evaluation processing to reconsider the person,s eligibility for the object.

Answer: A,C

Explanation:
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm


NEW QUESTION # 14
Which three areas contain tasks to prepare for an open enrollment period?

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

Answer: A,C,D

Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollment.html#FACMB1107266


NEW QUESTION # 15
A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
How can the benefits administrator perform this task?

  • A. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
  • B. Create a default life event for this task XX Admin Life event. Attach it to the Plan. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
  • C. Create a default life event for this task XX Admin Life event. Create a separate-eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.
  • D. Create a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.

Answer: B


NEW QUESTION # 16
XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?

  • A. Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.
  • B. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
  • C. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.
  • D. Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance PlanB.

Answer: A


NEW QUESTION # 17
An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?

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

Answer: C


NEW QUESTION # 18
Can you upload student and disability status for multiple persons at one time?

  • A. Yes, it can be accomplished through the spreadsheet loader.
  • B. Yes, it can be accomplished by creating a benefit group.
  • C. No, this option isn,t available.
  • D. Yes, it can be accomplished through a benefit administrator task.

Answer: B


NEW QUESTION # 19
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. The benefits administrator has a login from the previous date to that of 15 March 20l7.
  • C. A cycle has already run for open enrollment, so no life event date is available.
  • D. There is no configuration for open enrollment for the XX Life Program.

Answer: C


NEW QUESTION # 20
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. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
  • B. Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active,
  • 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 Pending.
  • E. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.

Answer: B


NEW QUESTION # 21
Annual Health Insurance, Monthly Health Insurance

  • A. Termination Life Event configuration
  • B. Reinstatement rule events
  • C. Global Health Plan options
  • D. Overspending in flex credit shell plans

Answer: C


NEW QUESTION # 22
Which two are correct processes regarding performing the Benefits Extract setup?

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

Answer: B,C

Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-data-extract.html#FAIHM1284833


NEW QUESTION # 23
The company has the following two plans:
1. Life Insurance Plan with Option 1: Employee only and Option 2: Employee Plus Family
2. Medical Insurance Plan with Option 1: Employee only. Option 2: Employee Plus Spouse, and Option 3: Employee Plus Spouse Plus Child The company wants to automatically enroll salaried employees into Medical Insurance Option 3: Employee plus Spouse plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?

  • A. Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
  • B. Configure the eligibility profile with parameter - Personal > Person Type > Employee and Employment tab > Salaried o. Hourly as Salaried" Related coverage > Eligible in another option in plan and attach this to both the plans.
  • C. Configure the eligibility profile with parameter - Person Type > Employee and Employment tab > Salaried or Hourly as Salaried. Related coverage > Eligible for another plan and attach this to both the plans..
  • D. Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.

Answer: A


NEW QUESTION # 24
Your customer wants to create an explicit life event that can be used only in two specific legal entitles. How do you accomplish this requirement?

  • A. On the Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
  • B. On the Create Life Event page under General Information, select the Global check box and add specific legal entities.
  • C. On the Create Life Event page under Additional Information leave the Self-Assigned check box blank and add specific legal entities.
  • D. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.

Answer: A


NEW QUESTION # 25
Achieved via configuration

  • A. Overspending in flex credit shell plans
  • B. Number of train stops on benefits enrollment page
  • C. Valid type of Life Event
  • D. Designating dependents on Train Stop

Answer: D


NEW QUESTION # 26
What are the number of train stops available in the Benefits Enrollment self-service page for the plan/program enrollment?

  • A. 0
  • B. 1
  • C. 2
  • D. The number of train stops can be configured.

Answer: D


NEW QUESTION # 27
Which two are program types when you configure Flex Credits?

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

Answer: A,D

Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/flex-credit-configuration.html#FAIBF1085855_2


NEW QUESTION # 28
Your customer does NOT want the system to detect temporal events whenever a marriage life event is detected and processed by the application.
How do you accomplish this requirement?

  • A. On the life event creation page, select "Do not detect past or future temporal events" as the Temporal Detection Rule.
  • B. On the life event creation page, select "Do not detect past temporal events" as the Temporal Detection Rule.
  • C. On the life event creation page, select "Never detect this temporal life event" as the Temporal Detection Rule.
  • D. On the life event creation page, select "Do not detect future temporal events" as the Temporal Detection Rule.
  • E. On the life event creation page, select "Never detect Past or future temporal events" as the Temporal Detection Rule.

Answer: D


NEW QUESTION # 29
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2016.
2. Marriage detected on 1-Jun-2016.
What do these statuses imply?

  • A. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
  • B. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
  • C. New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
  • D. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.

Answer: C


NEW QUESTION # 30
......

Check Real Oracle 1Z0-1053-23 Exam Question for Free (2025): https://www.updatedumps.com/Oracle/1Z0-1053-23-updated-exam-dumps.html

Get Ready to Boost your Prepare for your 1Z0-1053-23 Exam with 94 Questions: https://drive.google.com/open?id=1Y68xLyoBFn1kGp95WgGEaJcjIerDBGR1