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Oracle Compensation and Benefits 1z1-973 The free demo has three versions.
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1z1-973 PDF DEMO:
QUESTION NO: 1
A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
How can the benefits administrator perform this task?
A. 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 sample data, and send the summary reports to the company.
B. Create a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll 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. Create a separate-eligibility profile.
Then enroll the first of executives into a sample data and send the summary reports to the company.
D. 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.
Answer: A
QUESTION NO: 2
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?
A. Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
B. The amount of deduction from employee pay check for enrollment is varied based on a life event.
C. Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.
D. Life events affect benefits processing for a participant.
Answer: C,D
Explanation
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm
QUESTION NO: 3
Which two statements are correct with respect to required action in the eligibility profile?
A. If all profiles are optional, then at least one of the profiles must be satisfied.
B. If some but not all profiles are required, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
C. If all profiles are requited, then at least one of the profiles must be satisfied.
D. If only one eligibility profile is added to an object, then the criteria in that profile may or may not be satisfied, even if the Required option is not selected.
Answer: D
QUESTION NO: 4
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 = 0, Max = 0
B. Min = 1, Max = 2
C. Min = 0, Max = 1
D. Min = 1, Max - 1
Answer: B
QUESTION NO: 5
Which statement about Waive options is true?
A. Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
B. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
C. Waive options are options which do not require any dependent/beneficiary designation.
D. Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.
Answer: B
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Updated: May 28, 2022