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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. 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 Volume
B) Standard Rate Value
C) Standard input Value
D) Standard wash Rule formula

2. 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 = 1, Max = 2
C) Min = 0, Max = 0
D) Min = 0, Max = 1

3. The Open life event for a plan was backed out. The benefits administrator reprocessedthe 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 date was different.
B) The life event was not backed out properly.
C) The life event was configured for another date.
D) The life event reinstatement rule was configured.

4. Which two statements are true about Enrollment Authorizations?

A) They appear several times if the participant enters self-service multiple times for a single life event.
B) They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
C) They are optional to implement. If implemented, performing the authorization task is optional for the participant.
D) They appear only the first time that the participant entersself-service enrollment for multiple life events.
E) If they are implemented, participants must readand accept the terms provided in the text before they are able to enroll.

5. What are the different types of open enrollment options available under Scheduled tab in program?

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

Solutions: