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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. Which is NOT a valid type of life event?

A) Restricted
B) Temporal
C) Unrestricted
D) Scheduled
E) Explicit

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

3. Which is NOT a derivedfactor type?

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

4. Can you define overspending of a budget pool in flex credit shell plans?

A) Yes, you can define it in the spending options.
B) Yes, you can define it in the standard rates.
C) Yes, you can define it as per the flex credit formula.
D) No, you do not have aplace holder.

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

Solutions: