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| Section | Objectives |
|---|---|
| Topic 1: Configuration and Administration | - Bonus Plans and Calculation
|
| Topic 2: Execution and Reporting | - Worksheet and Payout Management
|
| Topic 3: Variable Pay Fundamentals | - Overview and Concepts
|
1. When configuring goal gates, which options are valid to be used as GATEJ.EVEL? There are 3 correct answers to this question.
A) Individual Goals
B) Business Goals
C) Individual Section
D) Team Goals
E) Team Section
2. How does the variable pay form determine the default compensation number format?
Please choose the correct answer.
A) Based on the number format rules
B) Based on the planner's imported default locale
C) Based on the employee's imported default locale
D) Based on the format assigned to the field
3. Your customer asks for separate teams to manage the compensation process across the globe using a single template for the organization.
Which features are required?
There are 2 correct answers to this question.
A) Statement Assignment Groups
B) Field Permission Groups
C) Decentralized Admin
D) Role-Based Per
4. Which feature allows you to configure more than 5 predetermined points of min, low target, high, max for goal performance? There are 2 correct answers to this question
A) Goal accelerators
B) Multiple Business goal sections
C) Goal Gates
D) Flexible payout curves
5. 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) 25% and 6000 respectively
B) 25% and 2000 respectively
C) 75% and 2000 respectively
D) 75% and 6000 respectively
Solutions:
| Question # 1 Answer: A,B,D | Question # 2 Answer: A | Question # 3 Answer: C,D | Question # 4 Answer: A,C | Question # 5 Answer: D |
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