Highest Quality 1z0-1017 Exam Questions and Answers 2021

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NEW QUESTION 1
What are the different types of open enrollment options available under Scheduled tab in program?

  • A. Open All and Unrestricted All
  • B. Open Scheduled and Unrestricted Scheduled
  • C. Open New Hire Enrollment and Unrestricted New Hire Enrollment
  • D. Open Enrollment and Open Unrestricted Enrollment

Answer: C

NEW QUESTION 2
Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self-Set vice.
How do you accomplish this requirement?

  • A. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
  • B. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
  • C. Select the same administrator category on the Edit Plan Type page while managing Benefits Self- Service configuration.
  • D. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
  • E. Select Display Signature in the Confirmation section while managing Enrollment Authorization

Answer: B

NEW QUESTION 3
How many life events can be included in a collapsing rule?

  • A. 10
  • B. 8
  • C. 12
  • D. 7

Answer: A

NEW QUESTION 4
Which three areas contain tasks to prepare for an open enrollment period?

  • A. Person Management work area
  • B. Plan Configuration work area
  • C. Evaluation and Reporting work areas
  • D. Payroll Calculation work area
  • E. Enrollment and My Information work areas

Answer: BCE

Explanation: https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-foropen- enrollment.html#FACMB1107266

NEW QUESTION 5
How do you set up a Termination life event to end coverage at the end of the month?

  • A. Coverage and Rate Date Ranges: Coverage Start Date: End of the MonthPrevious Coverage End Date: First of the Next Month
  • B. Coverage and Rate Date Ranges: Coverage Start Date: First of the MonthPrevious Coverage End Date: End of the Month
  • C. Coverage and Rate Date Ranges: Coverage Start Date: First of the Next MonthPrevious Coverage End Date: End of the Month
  • D. Coverage and Pate Date Ranges: Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month

Answer: C

NEW QUESTION 6
The benefits administrator runs an open enrollment window on March 1, 2021 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2021. What could be a reason for this?

  • A. The life event date configured for XX Life Program is not 15 March 2021
  • B. There is no configuration for open enrollment for the XX Life Program.
  • C. A cycle has already run for open enrollment, so no life event date is available.
  • D. The benefits administrator has a login from the previous date to that of 15 March 20l7.

Answer: D

NEW QUESTION 7
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, 2021 as the plan is restricted.
How can you configure this scenario for the company?

  • A. 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.
  • B. 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 dat
  • C. Configure the limitation to minimum 2 years at all three option level
  • D. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.
  • E. Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event dat
  • F. Then configure the limitation to minimum 2 years at the plan tab.
  • G. 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 dat
  • H. Configure the limitation to minimum 2 years at all three option levels.

Answer: B

NEW QUESTION 8
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 Rate Value
  • B. Standard Coverage Volume
  • C. Standard input Value
  • D. Standard wash Rule formula

Answer: C

NEW QUESTION 9
Which two are program types when you configure Flex Credits?

  • A. Other Credits
  • B. Core
  • C. Flex
  • D. Flex Credits and Core

Answer: BD

Explanation: https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/fileHYPERLINK "https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/filex-creditconfiguration. html#FAIBF1085855_2"x-credit-configuration.html#FAIBF1085855_2

NEW QUESTION 10
Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2021. What two steps must you perform as an administrator to stop existing participant enrollments and prevent
new enrollments?

  • A. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
  • B. Create the new plan with session effective date as January 1 of the current year 2021. and the status as Active,
  • C. Edit the new plan with session effective date as January 1 of the upcoming plan year 2021, and the status as Active.
  • D. Edit the new plan with session effective date as January of the current plan year 2021, and the status as Active.
  • E. Create the new plan with session effective date as January 1 of the current year 2021, and the status as Pending.

Answer: B

NEW QUESTION 11
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 perio

Answer: C

NEW QUESTION 12
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 can be completely achieved with configuration only.
  • C. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
  • D. This requirement cannot be achieved in the current system offering

Answer: D

NEW QUESTION 13
Which is NOT a derived factor type?

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

Answer: D

Explanation: https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5

NEW QUESTION 14
A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ" as of August 1, 2021. Since there were two more life events in the detected phase as of August 15, 2021, 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 life event had expired.
  • D. The number of proximity days was specified as 15.

Answer: D

NEW QUESTION 15
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employee plus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?

  • A. They should have created an Option 3: Coverage Declined.
  • B. They should not have enabled the Assign on Default button for the options.
  • C. They should have configured an eligibility fast formula
  • D. They should have enabled a plan restriction fast formul

Answer: D

NEW QUESTION 16
An employee logs into the self-service page. The employee enters into one plan and makes an election in the plan available. While making electrons, the employee notices that the option's rate amount isn't displayed in the total summary section on the right side of the page.
Which is a reason for this problem?

  • A. The rate activity type for payroll information is configured as cost.
  • B. The rate activity type for payroll information is configured as employee contribution.
  • C. The rate is configured as secondary rate and not primary rate.
  • D. The rate is inactiv

Answer: D

NEW QUESTION 17
Which two are correct processes regarding performing the Benefits Extract setup?

  • A. Configure plan carrier details and extract options using the Manage Plan Carriers task.
  • B. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
  • C. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
  • D. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
  • E. Extract benefits enrollment information into a single XML file for each plan carrier.

Answer: AE

Explanation: https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-dataextract. html#FAIHM1284833

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