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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. Which three are change opportunities an organization can implement during Open Enrollment?

A) enroll in existing plans
B) update rates
C) modify plan configuration
D) Start new benefit offerings
E) decline coverage

2. A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ" as of August 1, 2016. Since there were two more life events in the detected phase as of August 15, 2016, the benefits administrator clicked "Collapse Life Event". Upon processing the life event tab, the benefits administrator received an error saying two or more life events were in the detected phase.
Why did the collapsing rule fail?

A) The number of proximity days was specified as 0.
B) The number of proximity days was specified as 15.
C) The life event had expired.
D) The number of proximity days was specified as 20.

3. How many life events can be included in a collapsing rule?

A) 12
B) 8
C) 7
D) 10

4. 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 completely achieved with configuration only.
B) This requirement cannot be achieved in the current system offerings.
C) This requirement cannot be achieved with configurations, and would require custom Fast Formula.
D) This requirement can be achieved through customization only.

5. A medical plan (not in program) has the Defined Rate frequency set as Monthly and the Communicated Rate frequency set as Per Pay Period. The pay period is defined as bi-weekly.
The rate has been defined with the calculation method as Flat Amount = 65. The currency defined at the plan is U.S.D. There are 26 payroll periods in the plan's year period.
What is the communicated rate value?

A) 40
B) 30
C) 130
D) 32.5

Solutions: