Validated 1z0-1017 Exam Questions 2021

NEW QUESTION 1
To which two benefits objects can Year Period be attached to?

• A. Program
• B. Plan Type
• C. Plan
• D. Option

Answer: BD

Explanation: https://docs.oracle.com/cd/E5HYPERLINK
"https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm"1367_01/globa lop_gs/FAIBF/F1420611AN193D6.htm

NEW QUESTION 2
A medical plan (not in program) has the Defined Rate frequency set as Monthly and the Communicated Rate frequency set as Per Pay Period. The pay period is defined as bi-weekly.
The rate has been defined with the calculation method as Flat Amount = 65. The currency defined at the plan is U.S.D. There are 26 payroll periods in the plan's year period.
What is the communicated rate value?

• A. 40
• B. 130
• C. 32.5
• D. 30

Answer: D

NEW QUESTION 3
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?

• A. Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
• B. The amount of deduction from employee pay check for enrollment is varied based on a life event.
• C. Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.
• D. Life events affect benefits processing for a participan

Answer: CD

Explanation: https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm

NEW QUESTION 4
A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
How can the benefits administrator perform this task?

• A. Create a default life event for this task XX Admin Life even
• B. Create a benefit group listing all the executive
• C. Create an eligibility profile with this group and attach it to the progra
• D. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
• E. Create a default life event for this task XX Admin Life even
• F. Create a separate-eligibility profil
• G. Then enroll the first of executives into a sample data and send the summary reports to the company.
• H. Create a default life event for this task XX Admin Life even
• I. Attach it to the Pla
• J. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
• K. Create a default life event for this I ask XX Admin Life even
• L. Create a benefit group listing all the executive
• M. Create an eligibility profile with this group and attach it to all the plan
• N. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.

Answer: C

NEW QUESTION 5
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 voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
• B. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
• C. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
• D. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.

Answer: A

NEW QUESTION 6
The 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 Is a variable rate for the employee's legal employer.
• B. The rate amount is of the unit of measure "Money".
• 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 entitie

Answer: C

NEW QUESTION 7
Which two statements are true about Enrollment Authorizations?

• A. They appear several times if the participant enters self-service multiple times for a single life event.
• B. If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.
• C. They are optional to Implemen
• D. If implemented, performing the authorization task is mandatory for the participant.
• E. They appear only the first time that the participant enters self-service enrollment for multiple life events.
• F. They are optional to implemen
• G. If implemented, performing the authorization task is optional for the participant.

Answer: DE

NEW QUESTION 8
What rate is used for the filex credit program to adjust the total cost of the program?

• A. Standard Primary Rate
• B. Standard Rollover Rate
• C. Rollover Rate
• D. Standard Secondary Rate

Answer: C

NEW QUESTION 9
The reinstatement rule enables you to restore elections during which two events?

• A. The open event was backed out by the administrator from the Benefits Service Center.
• B. The intervening life event activated the open event.
• C. An intervening life event backed out the open event.
• D. The open event was accidentally backed ou

Answer: CD

Explanation: https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm

NEW QUESTION 10
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?

• A. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
• B. All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.
• C. All plans can be configured at the plan level.
• D. All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.

Answer: B

NEW QUESTION 11
A company offers its employees a choice of four plans within a health insurance plan type. However, the company wants to compulsorily enroll an employee into one plan.
What must the minimum and maximum plan limit be set at Plan Type level?

• A. Min = 1, Max - 1
• B. Min = 1, Max = 2
• C. Min = 0, Max = 1
• D. Min = 0, Max = 0

Answer: B

NEW QUESTION 12
Your customer decided to use some delivered explicit life events in their business. What is your next step as an HCM Consultant after defining triggers as per the retirement?

• A. Associate the life events with only filexible benefit programs.
• B. Associate the life events only with benefit plans which are not in a program.
• C. Associate the life events only with benefit plans which are in a program.
• D. Associate the life events with benefit plans or program.
• E. Associate the life events only with Core benefit program

Answer: D

NEW QUESTION 13
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2021.
2. Marriage detected on 1-Jun-2021. What do these statuses imply?

• A. New Hire LE is complete but not close
• B. Marriage LE is triggered but has not yet made elections.
• C. New Hire l-E is complete and close
• D. Marriage IE is triggered but has not yet made elections.
• E. New Hire IF is complete and close
• F. Marriage LE is triggered and has made elections.
• G. New Hire LE is complete and close
• H. Marriage LE is triggered because of the data change.

Answer: D

NEW QUESTION 14
Which statement about Waive options is true?

• A. Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.
• B. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
• C. Waive options are options which do not require any dependent/beneficiary designation.
• D. Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.

Answer: B

NEW QUESTION 15
Which benefit object must be created prior to creating an option?

• A. Rate
• B. Plan Type
• C. Plan
• D. Coverage

Answer: B

Explanation: https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/HYPERLINK "https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/programand- plan-creation.html#FACMB307292"program-and-plan-creation.html#FACMB307292

NEW QUESTION 16
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 Enrollment Configuration task.
• C. Yes, a change option is available in the Configure Grouping Display task.
• D. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.

Answer: C

NEW QUESTION 17
Which three are change opportunities an organization can implement during Open Enrollment?

• A. decline coverage
• B. enroll in existing plans
• C. Start new benefit offerings
• D. modify plan configuration
• E. update rates

Answer: ADE

Explanation: https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manageopen- enHYPERLINK
"https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-openenrollment. html#FACMB1107266_2"rollment.html#FACMB1107266_2