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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. 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 Volume

2. A company offers its employees a choice of four plans within a health insurance plan type. However, the company wants to compulsorily enroll an employee into one plan.
What must the minimum and maximum plan limit be set at Plan Type level?

A) Min = 0, Max = 0
B) Min = 1, Max - 1
C) Min = 0, Max = 1
D) Min = 1, Max = 2

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

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

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

5. Which is NOT a derivedfactor type?

A) Compensation
B) Grade
C) Hours Worked
D) Full-Time Equivalent

Solutions: