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Financial-Services-Cloud Latest Learning Material - Valid Financial-Services-Cloud Practice Questions
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Salesforce Financial Services Cloud (FSC) Accredited Professional Sample Questions (Q44-Q49):
NEW QUESTION # 44
Which three standard fields are available to track a customer's retirement gial progress?
- A. Total Value
- B. Actual value
- C. Contributions
- D. Target Date
- E. Target value
Answer: B,D,E
Explanation:
The following standard fields are available to track a customer's retirement goal progress:
Actual value, which is a currency field that represents the current value of the goal.
Target value, which is a currency field that represents the desired value of the goal.
Target Date, which is a date field that represents the expected date of achieving the goal.
NEW QUESTION # 45
Which three insurance processes are managed by the Policy Administration component?
- A. Endorsements
- B. Commissions
- C. Payments
- D. Approvals
- E. Underwriting
Answer: A,C,D
Explanation:
The following insurance processes are managed by the PolicyAdministration component:
Payments: Payments are the amounts that a policyholder pays to an insurance company for a policy or a claim. You can use the Policy Administration component to manage the payment schedules, methods, and statuses for your policiesand claims. You can also use the Policy Administration component to integrate with external payment systems and track the payment transactions and balances for your policies and claims.
Approvals: Approvals are the processes that an insurance company follows to review and authorize a policy or a claim. You can use the Policy Administration component to configure and automate the approval workflows, rules, and criteria for your policies and claims. You can also use the Policy Administration component to assign approvers, send notifications, and monitor the approval statuses and histories for your policies and claims.
Endorsements: Endorsements are the changes or modifications that a policyholder requests or an insurance company makes to a policy. You can usethe Policy Administration component to manage the endorsement requests, types, and statuses for your policies. You can also use the Policy Administration component to update the policy details, coverages, premiums, or terms based on the endorsements for your policies.
Verified References: : Salesforce Help Article [9] : Salesforce Help Article [10] : Salesforce Help Article [11]
NEW QUESTION # 46
What type of customization can be done on Activities? (Tasks and Events) (3 answers)
- A. Workflow Rules
- B. Validation Rules
- C. Assignment Rules
- D. Field Tracking
- E. Custom Fields
Answer: B,D,E
NEW QUESTION # 47
A Salesforce Admin is configuring a new Action Plan Template. One task in that template needs to be picked up by the next available Advisor. What assignment logic should the Admin use when configuring this template task?
- A. Action Plan Creator
- B. Role
- C. Account Team
- D. Queues
- E. Specific User
Answer: B,C,D
NEW QUESTION # 48
What are three examples of proper use of Financial Goals?
- A. Measure progress toward paying off a Mortgage.
- B. Measure progress toward a down payment amount for a new home.
- C. Tracking money saved each year to pay for a vacation, depending on destination and budget.
- D. Displaying the amount and percentage of the remaining balance for an Auto Loan.
- E. Displaying the current amount and percentage of target value for a College Savings Account.
Answer: B,C,E
NEW QUESTION # 49
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