Oracle Benefits Cloud 2018 Implementation Essentials

QUESTION NO: 1
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 flexible benefit programs. B. Associate the life events only with benefit plans which are not in a program. C. Associate the life events with benefit plans or program. D. Associate the life events only with Core benefit programs. E. Associate the life events only with benefit plans which are in a program.

Correct Answer: C

QUESTION NO: 2
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 last day of the open enrollment period. C. It is the first day of the open enrollment period. D. It is the date on which default benefits assignments are made.

Correct Answer: B

QUESTION NO: 3
How many life events can be included in a collapsing rule?

A. 10 B. 12 C. 8 D. 7

Correct Answer: A

QUESTION NO: 4
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?

A. as of coverage start date B. as of event start date C. as of enrollment start date D. as of rate start date

Correct Answer: B

QUESTION NO: 5
How do you set up a Termination life event to end coverage at the end of the month?

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

Correct Answer: C

QUESTION NO: 6
You are a benefits consultant implementing for a company that offers a life Insurance plan for employees with only one option -Employee Plus Family. The rate for this option is dependent on various factor5 like age/smoking status/gender:

A female employee in the under 40 age group, who is a smoker, wants to purchase $100,000 of life insurance.
The plan would be 2.1 (100,000 * 0.21/1000), considering 5100,000 is the coverage she opts for. The calculation is -> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).
How can you configure a rate for the company's plan?

A. Configure an eligibility profile with age-derived factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage. B. Configure a secondary rate with the calculation method as Multiple of Coverage. C. Configure a primary rate with the calculation method as Multiple of Coverage. D. Configure a fast formula calling this table. Configure a secondary standard rate with the calculation method as Formula. Then create another standard rate with type and the calculation method aS Multiple of Parent.

Correct Answer: C

Oracle Benefits Cloud 2018 Implementation Essentials - 1Z0-1017 Exam Questions