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Oracle 1Z0-1053-23 Exam Syllabus Topics:

Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. When you add an open scheduled event to a program of plans not in the program, what is the significance or the Assigned Life Event Date?

A) It is the first day of the open enrollment period.
B) It is the date on which default benefits assignments are made.
C) It is the effective date of the open event and the date on which eligibility is evaluated.
D) It Is the last day of the open enrollment period.

2. 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 only with benefit plans which are in a program.
B) Associate the life events with benefit plans or program.
C) Associate the life events with only flexible benefit programs.
D) Associate the life events only with Core benefit programs.
E) Associate the life events only with benefit plans which are not in a program.

3. What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?

A) The number of train stops can be configured.
B) 6
C) 7
D) 5

4. An organization has a scheduled open period for Life Insurance plan from January 1st to the 31st. The important dates defined while configuring the scheduled open life event are:
1) Enrollment Period Start Date - January 1, 201/
2) Enrollment Period End Date - January 31, 2017
3) Assign Defaults Date - January 31, 2017
4) Assigned Life Event Date - January 15, 2017
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?

A) December 28, 2016
B) January 15, 2017
C) January 22, 2017
D) January 31, 2017

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

Solutions: