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| Section | Objectives |
|---|---|
| Topic 1: Bonus Calculation and Guidelines | - Calculation methods
|
| Topic 2: Variable Pay Program Setup | - Program configuration
|
| Topic 3: Permissions and Administration | - Role-based permissions
|
| Topic 4: Employee History and Data | - Historical data management
|
| Topic 5: Reports and Reward Statements | - Reporting
|
| Topic 6: Business Goals and Bonus Plans | - Goal and plan configuration
|
1. Customer variable pay program dates are January 1 to December 31, 2014. Given the screenshot below, what are proration and prorated target amount?
Please choose the correct answer.
Response:
A) 75% and 2000 respectively
B) 75% and 6000 respectively
C) 25% and 6000 respectively
D) 25% and 2000 respectively
2. The customer wants to include Country as a field in the employee history data file, but does not want it to be visible on the form Which syntax in the background element will meet this requirement?
Please choose the correct answer.
Response:
A) data-field id="country" field-name="wide" hidden ="true" max-length="4000" max-file-size- KB="1000">
<label/>Country<label/>
<data-field
B) <data-field id="country" field-name="vfld14" hidden ="true" max-length="4000" max-file-size- KB="1000">
<label/> Country</label>
<data-field
C) <data-field id="country" field-name="wfld5" hidden ="true" max-length="4000" max-file-size- KB="1000">
<label/>Country</labels>
<data-field>
D) <data-field id="country" field-name="fid1"hidden ="true" max-length="4000" max-file-size- KB="1000">
<label/> Country</label>
</data-field>
3. Which report definition types are available for variable pay when creating ad hoc reports?
There are 2 correct answers to this question.
Response:
A) Business goal details
B) Individual goals
C) Aggregate export
D) Bonus detail
4. Given the image below, what hierarchy method is being used in the template?
Please choose the correct answer.
Response:
A) Standard suite hierarchy
B) Standard suite hierarchy with inactive users
C) Compensation Manager hierarchy with inactive users
D) Compensation Manager Hierarchy
5. What is the Difference between additive and multiplicative formulas for bonus calculation?
Please choose the correct answer.
Response:
A) Additive formulas use section weights whereas multiplicative formulas use payout percent
B) Additive formulas use payout amount whereas multiplicative formulas use payout percent
C) Additive formulas use payout percent whereas multiplicative formulas use payout amount multiplied by section weights.
D) Additive formulas use payout percent whereas multiplicative formulas use section weights.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: B,D | Question # 4 Answer: D | Question # 5 Answer: B |
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