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1. A company is using multiple business goal section. Which formulas can be used to calculate bonus payout? There are 2 correct answers to this question.
A) Base X (Business 1 + Business 2) X Individual
B) Base X (Business 1 + Business 2 + individual)
C) Base X Business 1 X Business 2 X Individual
D) Base X Business 1 X Business 2
2. 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.
A) 75% and 6000 respectively
B) 25% and 6000 respectively
C) 75% and 2000 respectively
D) 25% and 2000 respectively
3. Which option can be used if you want end-of-year salary to be the bonus basis? Please choose the correct answer.
A) Import basis from Employee History data file
B) Use a lookup table
C) Import basis from UDF
D) Calculate basis using custom formula
4. Why would you need to use multiple bonus plans? There are 3 correct answers to this question.
A) Different Bonus Achievement calculations
B) Different Bonus eligibility rules
C) Different Business Goals weights
D) Different set of business goals
E) Different Bonus plan caps
5. Your customer uses the non-assignment based rating (non-ABR) template. Which sections are used to add assignment-level custom fields?
There are 3 correct answers to this question
A) Team section
B) Employee history data section
C) Individual section
D) Entry level section
E) Business section
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: C,D,E | Question # 5 Answer: A,C,E |
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