Study with 1Z0-1053-23 Actual Test Questions

Oracle 1Z0-1053-23 Exam Overview:

Oracle 1Z0-1053-23 Exam Syllabus Topics:

Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. This is the configuration of a collapsing life event rule: Life Event = Marriage & Dependent; Operator = AND; Resulting Event Name = Dependent; Life Event Occurred Date = Earliest Life Event Occurred Date; Proximity Days = 0. You run the collapsing rule in the scenario: 1. Marriage event occurs on 08/01/2015; 2. Dependent event occurs on 08/01/2015. What is the result?

A) The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.
B) The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.
C) The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.
D) The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.

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) 32.5
C) 30
D) 130

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

4. Your customer decided to use some delivered explicit life events in their business. What is your next step as an 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 Core benefit programs.
C) Associate the life events only with benefit plans which are in a program.
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.

5. This is the configuration of a collapsing life event rule:
Life event = Marriage & Dependent
Operator = AND
Resulting Event Name = Dependent
Life Event Occurred Date = Earliest Life Event Occurred Date
Proximity Days = 0
You run the collapsing rule in the scenario:
1. Marriage event occurs on August 1, 2015.
2. Dependent event occurs on August 1, 2015.
What is the result?

A) The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
B) The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
C) The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
D) The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.

Solutions: