HERE'S THE PROVEN AND QUICK WAY TO PASS ORACLE 1Z0-1053-23 EXAM

Here's the Proven and Quick Way to Pass Oracle 1Z0-1053-23 Exam

Here's the Proven and Quick Way to Pass Oracle 1Z0-1053-23 Exam

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Oracle Benefits Cloud 2023 Implementation Professional Sample Questions (Q63-Q68):

NEW QUESTION # 63
XX Global Health Plan has multiple options attached.
* Option i: XX Annual Health Insurance
* Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event - Termination?

  • A. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
  • B. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
  • C. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula.
  • D. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Number of Days from the event" as the enrollment period start date and the number field as 15.
  • E. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.

Answer: C


NEW QUESTION # 64
Year Period attachment

  • A. Hours Worked, Full-time Equivalent, Compensation
  • B. Plan, Option
  • C. Can Be Defined In Spending Options
  • D. Explicit, Temporal, Scheduled, Unrestricted

Answer: B


NEW QUESTION # 65
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?

  • A. The amount of deduction from employee pay check for enrollment is varied based on a life event.
  • B. Each occurrence of the life event causes participation evaluation processing to reconsider the person,s eligibility for the object.
  • C. Life events affect benefits processing for a participant.
  • D. Each occurrence of the life event causes participation evaluation processing to reconsider the plan,s availability for a program.

Answer: C,D

Explanation:
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm


NEW QUESTION # 66
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?

  • A. All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.
  • B. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
  • C. All plans can be configured at the plan level.
  • D. All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.

Answer: D


NEW QUESTION # 67
An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of 100%. However, the distribution should be in multiples of 10.
Which statement about this requirement is true?

  • A. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
  • B. This requirement cannot be achieved in the current system offerings.
  • C. This requirement can be achieved through customization only.
  • D. This requirement can be completely achieved with configuration only.

Answer: A


NEW QUESTION # 68
......

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