Question

Your are an Implementer responsible for creating variable rates for a client. The client needs a variable formula with a specific logic and also a variable rate profile using Age as the criteria to be associated with a standard rate to make it as a variable rate.

How will you meet this requirement?
A) Associate both variable rate profile and variable formula to the standard rate with different sequence numbers and meet the client requirement.
B) Create a variable formula, create variable rate profile and Include them In one eligibility profile, and then associate the eligibility profile with standard rate.
C) Associate both variable rate profile and variable formula to the standard rate with the same sequence number and meet the client requirement.
D) It Is not possible because you can associate either variable rate profile or variable formula to a standard rate but not
both

Answer 1

The answer is B) Create a variable formula, create variable rate profile and include them in one eligibility profile, and then associate the eligibility profile with a standard rate.

Step-by-step explanation:

The answer to this question is B) Create a variable formula, create variable rate profile and include them in one eligibility profile, and then associate the eligibility profile with a standard rate. By combining the variable formula and rate profile into one eligibility profile, you can associate them with the standard rate effectively.