[2025] Pass 1Z0-1053-23 Exam - Real Questions and Answers
1Z0-1053-23 Exam Questions Get Updated [2025] with Correct Answers
NEW QUESTION # 47
Which is not a derived factor type?
- A. Grade
- B. Compensation
- C. Full-Time Equivalent
- D. Hours Worked
Answer: A
NEW QUESTION # 48
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 last day of the open enrollment period.
- B. It is the first day of the open enrollment period.
- C. It is the date on which default benefits assignments are made.
- D. It is the effective date of the open event and the date on which eligibility is evaluated.
Answer: C
NEW QUESTION # 49
To which two benefits objects can Year Period be attached to?
- A. Plan Type
- B. Plan
- C. Option
- D. Program
Answer: A,C
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm
NEW QUESTION # 50
Which three areas contain tasks to prepare for an open enrollment period?
- A. Payroll Calculation work area
- B. Person Management work area
- C. Evaluation and Reporting work areas
- D. Plan Configuration work area
- E. Enrollment and My Information work areas
Answer: C,D,E
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollment.html#FACMB1107266
NEW QUESTION # 51
What are the number of train stops available in the Benefits Enrollment self-service page for the plan/program enrollment?
- A. The number of train stops can be configured.
- B. 0
- C. 1
- D. 2
Answer: A
NEW QUESTION # 52
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. 0
- C. 1
- D. 2
Answer: A
NEW QUESTION # 53
1The benefits administrator has configured five rates for five different legal entities. After implementation, an employee logs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section.
Why can''t the employee see the assigned rate amount?
- A. The rate amount "Assign on Enrollment" is enabled for five legal entities.
- B. The rate amount is not configured for the employee,s specific legal employer.
- C. The rate amount is of the unit of measure "Money".
- D. The rate amount Is a variable rate for the employee,s legal employer.
Answer: B
NEW QUESTION # 54
XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?
- A. Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.
- B. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.
- C. Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance PlanB.
- D. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
Answer: A
NEW QUESTION # 55
Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2018. What two steps must you perform as an administrator to stop existing participant enrollments and prevent new enrollments?
- A. Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active.
- B. Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
- C. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
- D. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.
- E. Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active,
Answer: E
NEW QUESTION # 56
Which benefit object must be created prior to creating an option?
- A. Plan
- B. Rate
- C. Plan Type
- D. Coverage
Answer: A
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/program-and-plan-creation.html#FACMB307292
NEW QUESTION # 57
The benefits admin has configured five rates for five different legal entities. After implementation, an employee logs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section. Why can''t the employee see the assigned rate amount?
- A. The rate amount is of the unit measure of "Money".
- B. The rate amount is a variable rate for the employee,s legal employer.
- C. The rate amount "Assign on Enrollment" is enabled for five legal entities.
- D. The rate amount is not configured for the employee,s specific legal employer.
Answer: D
NEW QUESTION # 58
Which two statements are correct with respect to required action in the eligibility profile?
- A. If some but not all profiles are required, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
- B. If all profiles are requited, then at least one of the profiles must be satisfied.
- C. If only one eligibility profile is added to an object, then the criteria in that profile may or may not be satisfied, even if the Required option is not selected.
- D. If all profiles are optional, then at least one of the profiles must be satisfied.
Answer: C
NEW QUESTION # 59
How do you set up a Termination life event to end coverage at the end of the month?
- A. Coverage and Rate Date Ranges:Coverage Start Date: First of the Next MonthPrevious Coverage End Date: End of the Month
- B. Coverage and Rate Date Ranges:Coverage Start Date: First of the MonthPrevious Coverage End Date: End of the Month
- C. Coverage and Pate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month
- D. Coverage and Rate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: First of the Next Month
Answer: A
NEW QUESTION # 60
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 a primary rate with the calculation method as Multiple of Coverage.
- B. 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.
- C. 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.
- D. Configure a secondary rate with the calculation method as Multiple of Coverage.
Answer: B
NEW QUESTION # 61
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 62
Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group.
How do you assign the individual functional consultant to this newly created benefits group?
- A. Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
- B. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
- C. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
- D. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
- E. Assign individuals to the benefit group using the Manage Person task in the Plan Configuration work area.
Answer: A
NEW QUESTION # 63
Coverage Start Date: First of the Next Month
- A. Valid type of life event
- B. Life event start date
- C. Global health plan options
- D. Termination life event configuration
Answer: D
NEW QUESTION # 64
As of event start date
- A. Valid type of life event
- B. Termination life event configuration
- C. Life event start date
- D. Creation of enrollment results
Answer: C
NEW QUESTION # 65
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 Input Value
- B. Standard Rate Value
- C. Standard Wash Rule Formula
- D. Standard Coverage Value
Answer: C
NEW QUESTION # 66
Your customer wants to create an explicit life event that can be used only in two specific legal entitles. How do you accomplish this requirement?
- A. On the Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
- B. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
- C. On the Create Life Event page under General Information, select the Global check box and add specific legal entities.
- D. On the Create Life Event page under Additional Information leave the Self-Assigned check box blank and add specific legal entities.
Answer: A
NEW QUESTION # 67
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