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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. Which two are program types when you configure Flex Credits?

A) Flex
B) Flex Credits and Core
C) Other Credits
D) Core

2. Which is NOT a valid type of life event?

A) Explicit
B) Temporal
C) Scheduled
D) Restricted
E) Unrestricted

3. Which benefit object must be created prior to creating an option?

A) Plan Type
B) Plan
C) Rate
D) Coverage

4. 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 primary rate with the calculation method as Multiple of Coverage.
B) Configure a secondary rate with the calculation method as Multiple of Coverage.
C) 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.
D) 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.

5. Which three areas contain tasks to prepare for an open enrollment period?

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

Solutions: