1z0-1053 Free Practice Test

An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?

1. A. Dependent/Beneficiary designation can only be done on the plan enrollment page (where an employee chooses options). So, this cannot be achieved.
2. B. This can be achieved via customization only.
3. C. This can be achieved via configuration.
4. D. This cannot be achieved.

Correct Answer: C

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?

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

Correct Answer: D

To which two benefits objects can Year Period be attached to?

1. A. Program
2. B. Plan Type
3. C. Plan
4. D. Option

Correct Answer: BD
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm

How do you set up a Termination life event to end coverage at the end of the month?

1. A. Coverage and Rate Date Ranges: Coverage Start Date: End of the MonthPrevious Coverage End Date: First of the Next Month
2. B. Coverage and Rate Date Ranges: Coverage Start Date: First of the MonthPrevious Coverage End Date: End of the Month
3. C. Coverage and Rate Date Ranges:Coverage Start Date: First of the Next Month Previous Coverage End Date: End of the Month
4. D. Coverage and Pate Date Ranges: Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month

Correct Answer: C

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?

1. A. as of rate start date
2. B. as of coverage start date
3. C. as of event start date
4. D. as of enrollment start date

Correct Answer: C