Recent Exam 2026-2027 Actual Complete Real Exam
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How many CHECKS are created when the payment wizard is
used 1 time to
pay 3 people? - ANSWER-Three, each payee has a separate
check (unless
there are joint
payees)
How many CHECK SETS are created when the payment wizard
is used 1 time
to pay 3 people? - ANSWER-One, one checkset per use of the
payment wizard
How many PAYMENT TRANSACTIONS are created when the
payment wizard is used 1 time to pay 3 people? - ANSWER-
Unable to determine, the number of transactions is not tied to
the number of payees
Does a transaction require approval if it is NOT flagged by
the transaction
,approval rules but exceeds the users authority limits? -
ANSWER-Yes
Does a transaction require approval if it does NOT exceed the
users authority
limits but is flagged by the transaction approval rules? -
ANSWER-Yes
Does a transaction require approval if it does exceed the users
authority limits
and is flagged by the transaction approval rules? -
ANSWER-Yes
An authority limit consist of criteria and an amount. What three
values can optionally be specified to create the condition? -
ANSWER-1. Payment type
2. coverage type
3. cost type
What two things does CC do when it determines that a
transaction requires approval? - ANSWER-Create and assigns
an approval activity to the supervisor, sets the payment status
as pending approval
If you reset the value that caused the CIQ (coverage in
question), is the CIQ removed? - ANSWER-No. only a
supervisor or a user with the right permissions can remove it
, What is constrained if a policy is under financial holds? -
ANSWER-Cost type
payments, expense payments can
be made
What are some conditions that result in CIQ? - ANSWER-- Loss
date is before
policy effective
date
- Loss date is after policy
expiration date
- The policy status is anything but in force
or archived
What are some conditions that cause an unverified policy? -
ANSWER-- The
policy is created
in CC
- the policy is edited
in CC
What claim condition prevents any type of payment against
an exposure? -
ANSWER-Maturity level (when claim is not at
ability to pay)
How many claims can a contact be associated with if the
contact only exists in