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Oracle Benefits Cloud 2023 Implementation Professional Sample Questions (Q69-Q74):

NEW QUESTION # 69
When you add an open scheduled event to a program of plans not in program, what is the significance of the Assigned Life Event Date?

• A. It is the date on which default benefits assignments are made.
• B. It is the first day of the open enrollment period.
• C. It is the last day of open enrollment period.
• D. It is the effective date of the open event and the date on which eligibility is evaluated.

Answer: C

 

NEW QUESTION # 70
A medical plan (not in program) has the Defined Rate frequency set as Monthly and the Communicated Rate frequency set as Per Pay Period. The pay period is defined as bi-weekly.
The rate has been defined with the calculation method as Flat Amount = 65. The currency defined at the plan is U.S.D. There are 26 payroll periods in the plan''s year period.
What is the communicated rate value?

• A. 32.5
• B. 0
• C. 1
• D. 2

Answer: A

 

NEW QUESTION # 71
Which benefit object must be created prior to creating an option?

• A. Rate
• B. Plan Type
• C. Coverage
• D. Plan

Answer: D

Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/program-and-plan-creation.html#FACMB307292

 

NEW QUESTION # 72
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 spending options.
• D. Yes, you can define it in the standard rates.

Answer: D

 

NEW QUESTION # 73
Which three areas contain tasks to prepare for an open enrollment period?

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

Answer: B,D,E

Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollment.html#FACMB1107266

 

NEW QUESTION # 74
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