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Oracle 1Z0-1053-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reporting on Benefits | - Extract and transmit data to plan carriers - Benefit reporting basics - Enrollment results and extracts |
| Topic 2: Configuring Benefits | - Configure life events - Create benefit plans, programs, groups and eligibility profiles - Plan types and options configuration - Enrollment display and configuration |
| Topic 3: Benefits Billing and Court Orders | - Manage benefit court orders - Configure benefits billing |
| Topic 4: Administering Benefits | - Flex credits and coverage/rates management - Common administrative tasks - Prepare and manage open enrollment - Manage enrollments & service center tasks |
Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:
1. Which three areas contain tasks to prepare for an open enrollment period?
A) Person Management work area
B) Enrollment and My Information work areas
C) Plan Configuration work area
D) Payroll Calculation work area
E) Evaluation and Reporting work areas
2. 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 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.
C) Configure a primary rate with the calculation method as Multiple of Coverage.
D) Configure a secondary rate with the calculation method as Multiple of Coverage.
3. Your customer decided to use some delivered explicit life events in their business. What is your next step asan HCM Consultant after defining triggers as per the retirement?
A) Associate the life events with benefit plans or program.
B) Associate the life events only with benefit plans which are in a program.
C) Associate the life events only with Core benefit programs.
D) Associate the life events with only flexible benefit programs.
E) Associate the life events only with benefit plans which are not in a program.
4. Which statement about Waive options is true?
A) Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
B) Waive options are used when employeesdo not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
C) Waive options are options which do not require any dependent/beneficiary designation.
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.
5. To which two benefits objects can Year Period be attached to?
A) Program
B) Plan Type
C) Option
D) Plan
Solutions:
| Question # 1 Answer: B,C,E | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: B,C |
