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1Z0-973 Oracle Benefits Cloud 2017 Implementation Essentials

September 24, 2018 by admin

Exam Title: Oracle Benefits Cloud 2017 Implementation Essentials
Exam Number: 1Z0-973
Exam Price: $245.00 More on exam pricing
Format: Multiple Choice
Duration: 105
Number of Questions: 60
Passing Score: 70%
Validated Against: This exam has been validated against R13. (Previous version of this exam was validated against R12 in 2017)

Our certification exams are revised regularly to align with training and product release updates. Information about exam revisions and new topics are found on this page under ‘Validated Statement’ and within the exam topics below. Certifications reflect validated skills for year and product release version date of achievement. If you are preparing for this exam, we recommend you check these topics periodically to ensure your exam prep covers any new topics that may be added based on regular exam

revision.Configuring Benefits
Configure life events
Create benefits groups
Create eligibility profiles
Manage benefit year periods, plan types, and options
Create benefit plans and programs
Configure enrollment display

Reporting on Benefits
Explain benefit reports
View enrollment results
Set up benefits extracts, extract and transmit data to plan carriers

Administering Benefits
Explain common administrative tasks
Explain collapsing rules
Prepare for an open enrollment period
Manage an open enrollment period
Configure flex credits
Manage benefit coverage and rates

Question #:1
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 IF is complete and closed. Marriage LE is triggered and has made elections.
D. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.

Answer: D

Question #:2
Which two statements are true about Enrollment Authorizations?

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

Answer: B E

Question #:3
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employee plus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?

A. They should have created an Option 3: Coverage Declined.
B. They should not have enabled the Assign on Default button for the options.
C. They should have configured an eligibility fast formula
D. They should have enabled a plan restriction fast formula.

Answer: D

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