1Z0-1053-26 Exam Study Guide Free Practice Test LAST UPDATED DATE Jul 30, 2026
The New 1Z0-1053-26 2026 Updated Verified Study Guides & Best Courses
NEW QUESTION # 43
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 enrollment start date
- B. as of coverage start date
- C. as of event start date
- D. as of rate start date
Answer: C
NEW QUESTION # 44
Hours Worked, Full-Time Equivalent, Compensation
- A. Creation of enrollment results
- B. Valid type of life event
- C. Derived factor types
- D. Rate visibility issue
Answer: C
NEW QUESTION # 45
Termination life event configuration
- A. Configurable
- B. Coverage Start Date: First of the Next Month
- C. Intervening life event backed out open event
- D. Plan Configuration, Evaluation and Reporting
Answer: B
NEW QUESTION # 46
Which is not a valid type of life event?
- A. Unrestricted
- B. Scheduled
- C. Explicit
- D. Temporal
- E. Restricted
Answer: B
NEW QUESTION # 47
Your customer wants to run a report which displays, by participant, a choice list of programs, plans, and options in which the participant may elect to enroll, as well as areas for the participant to designate dependents and beneficiaries.
How do you accomplish this requirement?
- A. Run the Person Enrollment Summary Report from Benefits Self Service.
- B. Run the Real Time Analysis: Participant Enrollment Results from the Reports and Analytics work area.
- C. Run the Enrollment Kit Report from the Benefits Enrollment work area.
- D. Run the Person Enrollment Summary Report from the Enrollment work area.
- E. Run the Enrollment Kit Report from Benefits Self-Service.
Answer: C
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-benefits-processing-and-uploads.html#FACMB1259728
NEW QUESTION # 48
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 date on which default benefits assignments are made.
- B. It is the effective date of the open event and the date on which eligibility is evaluated.
- C. It is the first day of the open enrollment period.
- D. It is the last day of open enrollment period.
Answer: B
NEW QUESTION # 49
Which statement about configuring Designation Requirements is true?
- A. A Designation Requirement cannot 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 can be configured for a plan with no option.
Answer: B
NEW QUESTION # 50
Can you define overspending of a budget pool in flex credit shell plans?
- A. Yes, you can define it in the spending options.
- B. Yes, you can define it in the standard rates.
- C. Yes, you can define it as per the flex credit formula.
- D. No, you do not have a place holder.
Answer: A
NEW QUESTION # 51
Which is not a derived factor type?
- A. Compensation
- B. Full-Time Equivalent
- C. Grade
- D. Hours Worked
Answer: C
NEW QUESTION # 52
Can be defined in spending options
- A. Overspending in flex credit shell plans
- B. Tasks to prepare for open enrollment
- C. Valid type of life event
- D. Rate visibility issue
Answer: A
NEW QUESTION # 53
Which object is NOT included in benefit export?
- A. Element input values
- B. Plan not in program configuration
- C. Eligibility profile
- D. Program configuration
Answer: A
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-exports-and-imports.html#FAIBF1020137
NEW QUESTION # 54
Optional, mandatory for participant
- A. Overspending in flex credit shell plans
- B. Creation of enrollment results
- C. Enrollment authorization requirements
- D. Rate visibility issue
Answer: C
NEW QUESTION # 55
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 = 0, Max = 0
- C. Min = 1, Max = 2
- D. Min = 0, Max = 1
Answer: C
NEW QUESTION # 56
Coverage Start Date: First of the Next Month
- A. Termination life event configuration
- B. Valid type of life event
- C. Global health plan options
- D. Life event start date
Answer: A
NEW QUESTION # 57
Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group.
How do you assign the individual functional consultant to this newly created benefits group?
- A. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
- B. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
- C. Assign individuals to the benefit group using the Manage Person task in the Plan Configuration work area.
- D. Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
- E. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
Answer: A
NEW QUESTION # 58
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 but not closed. Marriage LE is triggered but has not yet made elections.
- B. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
- C. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.
- D. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
Answer: C
NEW QUESTION # 59
A company wants to display the following text on its Benefits Employee Self Service: "Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?
- A. Manage enrollment authorization > self-service usage > self-service description text
- B. Manage enrollment authorization > administration usage > self-service description text
- C. Configure plan type grouping display > administration usage > self-service description text
- D. Configure plan type grouping display > self-service usage > self-service description text
Answer: D
NEW QUESTION # 60
XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?
- A. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
- B. Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.
- C. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.
- D. Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan B.
Answer: B
NEW QUESTION # 61
A company has XX Fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in three production instances. The company wants to run enrollment for executives and send the data for internal discussion. How can the benefits admin perform this task?
- A. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- B. Create a default life event for this task XX Admin Life event. Create a separate eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.
- C. Create a default life event for this task XX Admin Life event. Attach it to the plan. Then trigger the life event and enroll into a
Answer: A
NEW QUESTION # 62
An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?
- A. This can be achieved via customization only.
- B. This can be achieved via configuration.
- C. This cannot be achieved.
- D. Dependent/Beneficiary designation can only be done on the plan enrollment page (where an employee chooses options). So, this cannot be achieved.
Answer: B
NEW QUESTION # 63
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 15.
- B. The number of proximity days was specified as 20.
- C. The number of proximity days was specified as 0.
- D. The life event had expired.
Answer: A
NEW QUESTION # 64
Your customer wants to create an explicit life event that can be used only in two specific legal entitles. How do you accomplish this requirement?
- A. On the Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
- B. On the Create Life Event page under Additional Information leave the Self-Assigned check box blank and add specific legal entities.
- C. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
- D. On the Create Life Event page under General Information, select the Global check box and add specific legal entities.
Answer: A
NEW QUESTION # 65
Achieved via configuration
- A. Valid type of Life Event
- B. Number of train stops on benefits enrollment page
- C. Overspending in flex credit shell plans
- D. Designating dependents on Train Stop
Answer: D
NEW QUESTION # 66
......
Get Prepared for Your 1Z0-1053-26 Exam With Actual 92 Questions: https://actualtests.latestcram.com/1Z0-1053-26-exam-cram-questions.html
