Aug-2026 Oracle 1Z0-1053-26 Certification Real 2026 Mock Exam
1Z0-1053-26 Exam Questions and Valid PMP Dumps PDF
NEW QUESTION # 19
When you add an open scheduled event to a program of plans not in program, what is the significance of the Assigned Life Event Date?
- A. It is the first day of the open enrollment period.
- B. It is the last day of open enrollment period.
- C. It is the effective date of the open event and the date on which eligibility is evaluated.
- D. It is the date on which default benefits assignments are made.
Answer: C
NEW QUESTION # 20
Can you change the column text of primary and secondary rates on the Benefit self-service page?
- A. No, a change option is not available in the Configure Grouping Display task.
- B. Yes, a change option is available in the Configure Grouping Display task.
- C. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.
- D. Yes, a change option is available in the Enrollment Configuration task.
Answer: B
NEW QUESTION # 21
Explicit, Temporal, Scheduled, Unrestricted
- A. Termination life event configuration
- B. Valid type of life event
- C. Tasks to prepare for open enrollment
- D. Creation of enrollment results
Answer: B
NEW QUESTION # 22
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2016.
2. Marriage detected on 1-Jun-2016.
What do these statuses imply?
- A. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.
- B. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
- C. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
- D. New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
Answer: A
NEW QUESTION # 23
Which statement about configuring Designation Requirements is true?
- A. A Designation Requirement can be configured for a plan with no option.
- B. A plan must have multiple options for Designation Requirement to be configured.
- C. A plan must have the waive option for Designation Requirement to be configured.
- D. A Designation Requirement cannot be configured for a plan with no option.
Answer: B
NEW QUESTION # 24
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 is not configured for the employee's specific legal employer.
- D. The rate amount "Assign on Enrollment" is enabled for five legal entities.
Answer: C
NEW QUESTION # 25
January 31, 2017
- A. Valid type of life event
- B. Tasks to prepare for open enrollment
- C. Coverage start date for employee
- D. Overspending in flex credit shell plans
Answer: C
NEW QUESTION # 26
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 can be achieved through customization only.
- B. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
- C. This requirement can be completely achieved with configuration only.
- D. This requirement cannot be achieved in the current system offerings.
Answer: D
NEW QUESTION # 27
A plan is created for a calendar year from 01/01/2017 and ends on 12/31/2017. The company wants to create an event on the occurrence of life event date. What will be the life event start date?
- A. as of coverage start date
- B. as of event start date
- C. as of rate start date
- D. as of enrollment start date
Answer: B
NEW QUESTION # 28
A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverage plan at extra premium
3) Life insurance plan for employee and family
4) In Network Dental Insurance plan
5) Out of network Dental insurance plan
6) Eye care plan
How many plan types do you need to configure for this customer?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 29
Rate is inactive
- A. Rate visibility issue
- B. Valid type of life event
- C. Reinstatement rule events
- D. Creation of enrollment results
Answer: A
NEW QUESTION # 30
Which is NOT a derived factor type?
- A. Full-Time Equivalent
- B. Grade
- C. Hours Worked
- D. Compensation
Answer: B
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5
NEW QUESTION # 31
Which two statements are correct with respect to required action in the eligibility profile?
- A. If all profiles are optional, then at least one of the profiles must be satisfied.
- B. 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.
- C. If all profiles are requited, then at least one of the profiles must be satisfied.
- D. 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.
Answer: B
NEW QUESTION # 32
Which three are correct methods by which enrollment results can be created and made available for viewing?
- A. when a default enrollment is processed
- B. after the Close Enrollment process has completed
- C. after the Evaluate Life Events batch process is completed successfully
- D. when an electable choice is saved as a part of self-service enrollment
- E. when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment
Answer: C,D,E
NEW QUESTION # 33
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 "Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.
- B. 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.
- C. 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.
- D. 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.
- 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 period start date type formula.
Answer: E
NEW QUESTION # 34
A plan is created for a calendar year from January 1, 2017 and ends on December 31, 2017. The company wants to create an event on the occurrence of life event date.
What will be the life event start date?
- A. as of coverage start date
- B. as of event start date
- C. as of rate start date
- D. as of enrollment start date
Answer: B
NEW QUESTION # 35
The benefits admin runs an open enrollment window on 03/01/2017 for Program: XX Life Insurance, but cannot find the life event date of 03/15/2017. What could be a reason for this?
- A. A cycle has already run for open enrollment, so no life event date is available.
- B. The life event date configured for XX Life Program is not 03/15/2017.
- C. There is no configuration for open enrollment for the XX Life Program.
- D. The benefits admin has a login from the previous date to that of 03/15/2017.
Answer: B
NEW QUESTION # 36
This is the configuration of a collapsing life event rule:
Life event = Marriage & Dependent
Operator = AND
Resulting Event Name = Dependent
Life Event Occurred Date = Earliest Life Event Occurred Date
Proximity Days = 0
You run the collapsing rule in the scenario:
1. Marriage event occurs on August 1, 2015.
2. Dependent event occurs on August 1, 2015.
What is the result?
- A. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
- B. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
- C. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
- D. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
Answer: C
NEW QUESTION # 37
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?
- A. 0
- B. 1
- C. The number of train stops can be configured.
- D. 2
Answer: C
NEW QUESTION # 38
A Global Dental Plan has the following options attached to it:
Option 1: Employee Only
Option 2: Employee Plus Spouse
Option 3: Employee Plus Spouse Plus Children
The company wants an employee to select only one option which will be restricted for two years. After two /ears the employee will get an opportunity to enroll into a new Global Dental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i, 2017 as the plan is restricted.
How can you configure this scenario for the company?
- A. Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.
- B. Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.
- C. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.
- D. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.
Answer: C
NEW QUESTION # 39
Which three are change opportunities an organization can implement during Open Enrollment?
- A. decline coverage
- B. modify plan configuration
- C. enroll in existing plans
- D. update rates
- E. Start new benefit offerings
Answer: A,B,D
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-open-enrollment.html#FACMB1107266_2
NEW QUESTION # 40
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