Oracle 1Z0-1053-21 : Oracle Benefits Cloud 2021 Implementation Essentials

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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. An employee logs into the self-service page. The employee enters into one plan and makes an election in the plan available. While making electrons, the employee notices that the option's rate amount isn't displayed in the total summary section on the right side of the page.
Which is a reason for this problem?

A) The rate is inactive.
B) The rate is configured as secondary rate and not primary rate.
C) The rate activity type for payroll information is configured as cost.
D) The rate activity type for payroll information is configured as employee contribution.

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

3. What rate is used for the flex creditprogram to adjust the total cost of the program?

A) Standard Rollover Rate
B) Standard Secondary Rate
C) Standard Primary Rate
D) Rollover Rate

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

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

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

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

Solutions: