Oracle Benefits Cloud 2017 Implementation Essentials

QUESTION NO: 1
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 runs the Marriage event, evaluates the Dependent 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 voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015. D. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.

Correct Answer: D

QUESTION NO: 2
Can you define overspending of a budget pool in flex credit shell plans?

A. Yes, you can define it as per the flex credit formula. B. No, you do not have a place holder. C. Yes, you can define it in the standard rates. D. Yes, you can define it in the spending options.

Correct Answer: D

QUESTION NO: 3
Which three areas contain tasks to prepare for an open enrollment period?

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

Correct Answer: A,B,C

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 4
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 cannot be achieved with configurations, and would require custom Fast Formula. C. This requirement can be completely achieved with configuration only. D. This requirement cannot be achieved in the current system offerings.

Correct Answer: D

QUESTION NO: 5
How do you configure the link between the payroll module and benefits?

A. Link the payroll to the plan salary basis. B. Link the payroll to the plan coverage. C. Link the element to the plan rate. D. Link the element to the plan coverage.

Correct Answer: C

QUESTION NO: 6
How many life events can be included in a collapsing rule?

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

Correct Answer: A

Oracle Benefits Cloud 2017 Implementation Essentials - 1z1-973 Exam Questions