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| Section | Objectives |
|---|---|
| Configuration and Administration | - Program Setup
|
| Variable Pay Fundamentals | - Overview and Concepts
|
| Execution and Reporting | - Worksheet and Payout Management
|
1. What does a point-in-time calculation mean? Please choose the correct answer
A) Goal payout will not be pro-rated
B) Target amount is based on a fixed date
C) Employee assignment will not be pro-rated
D) Target amount is based on effective date of each assignment
2. How do you ensure that a planner enters an amount within specific range?
Please choose the correct answer.
Response:
A) Configure minimum / maximum guidelines in the plan set up.
B) Configure the min / max in the <comp-guideline-pattern> in the XML
C) Create gates using performanceMin and performanceMax
D) Enter values in the minimum / maximum columns on the business goals file
3. Which report definition types are available for variable pay when creating ad hoc reports?
There are 2 correct answers to this question.
A) Individual goals
B) Aggregate export
C) Bonus detail
D) Business goal details
4. Which parameters can you use in the "Based On Budget Calculation" section for Variable Pay Program? There are 3 correct answers to this question.
A) User
B) Template
C) Group
D) Results
E) Forecast
5. Which variable pay report will generate multiple rows per employee, showing calculated payout for every business goal an employee has within a bonus plan?
Please choose the correct answer.
A) Business goal performance
B) Bonus payout details
C) Individual preview
D) Bonus payout
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A,C | Question # 4 Answer: A,B,C | Question # 5 Answer: B |
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