QUESTION: 5

Which is NOT a derived factor type?

Hours Worked
Full-Time Equivalent
Compensation
Grade

Answer(s): D

Explanation:

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

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QUESTION: 6

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

The open event was backed out by the administrator from the Benefits Service Center.
The intervening life event activated the open event.
An intervening life event backed out the open event.
The open event was accidentally backed out.

Answer(s): C,D

Explanation:

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

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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?

as of rate start date
as of coverage start date
as of event start date
as of enrollment start date

Answer(s): C

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QUESTION: 8

Which two statements are true about Enrollment Authorizations?

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

Answer(s): D,E

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Free Oracle 1Z0-1053-22 Exam Questions (page: 5)

QUESTION: 5

Explanation:

QUESTION: 6

Explanation:

QUESTION: 7

QUESTION: 8

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