Free Oracle 1Z0-1017 Exam Dumps Questions & Answers

A Global Dental Plan has the following options attached to it:
Option 1: Employee Only
Option 2: Employee Plus Spouse
Option 3: Employee Plus Spouse Plus Children
The company wants an employee to select only one option which will be restricted for two years. After two
/ears the employee will get an opportunity to enroll into a new Global Dental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i,
2017 as the plan is restricted.
How can you configure this scenario for the company?

• A.  Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.
• B.  Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.
• C.  Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.
• D.  Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.

To which two benefits objects can Year Period be attached to?

• A.  Plan
• B.  Option
• C.  Program
• D.  Plan Type

Can you define overspending of a budget pool in flex credit shell plans?

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

Which is NOT a derived factor type?

• A.  Hours Worked
• B.  Compensation
• C.  Full-Time Equivalent
• D.  Grade

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