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Oracle 1Z0-1053-23 Exam Syllabus Topics:

Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. Which statement about configuring Designation Requirements is true?

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

2. 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) 130
C) 30
D) 32.5

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

4. Intervening life event backed out open event

A) Reinstatement rule events
B) Rate visibility issue
C) Termination life event configuration
D) Termination life event configuration

5. 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 Coverage Value
B) Standard Wash Rule Formula
C) Standard Input Value
D) Standard Rate Value

Solutions: