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Reliable Oracle 1Z0-1053-23 Exam Sample | VCE 1Z0-1053-23 Exam Simulator

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Oracle Benefits Cloud 2023 Implementation Professional Sample Questions (Q87-Q92):

NEW QUESTION # 87
A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ" as of August 1, 2016. Since there were two more life events in the detected phase as of August 15, 2016, the benefits administrator clicked "Collapse Life Event". Upon processing the life event tab, the benefits administrator received an error saying two or more life events were in the detected phase.
Why did the collapsing rule fail?

A. The number of proximity days was specified as 20.
B. The number of proximity days was specified as 0.
C. The number of proximity days was specified as 15.
D. The life event had expired.

Answer: C

NEW QUESTION # 88
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 eligibility is 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.

Answer: B

NEW QUESTION # 89
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 31, 2017
C. January 22, 2017
D. January 15, 2017

Answer: B

NEW QUESTION # 90
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 completely achieved with configuration only.
D. This requirement can be achieved through customization only.

Answer: A

NEW QUESTION # 91
Benefit configuration for dependent options

A. Create two eligibility profiles based on age
B. Evaluate life events, close enrollment, enrollment authorizations
C. Optional, mandatory for participant
D. Hours worked, full-time equivalent, compensation

Answer: A

NEW QUESTION # 92
......

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