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1. Which of the following fields are connected to reserved fields in the Variable Pay Background Element? Note:
There are 3 correct answers to this question.
A) Target Percentage
B) Salary
C) Local Currency Code
D) Variable Pay Program Name
E) Basis
2. What formula do you use to suppress statements?
A) if(finalPayout=0," ")
B) if(finalPayout=0,"Valid","Invalid")
C) if(finalPayout=0, "Yes", "No")
D) if(finalPayout=0,"FALSE","TRUE")
3. Your customer wants to ensure that no employee's bonus exceeds 200% of their bonus target. How can this be achieved?
A) Use guidelines where the maximum is set to 200%.
B) Use gates on business goals.
C) Use bonus plan caps.
D) Use a bonus plan multiplier of 200%.
4. The bonuses of all employees at your client are determined by the following results: 30% Corporate Performance. 30% Country Performance. 40% Individual Achievement. All employees have the same result for Corporate Performance, but the result for Country Performance varies based on the employee's country.
The Individual Achievement comes from a linked performance form's overall result. How would this be configured? Note: There are 2 correct answers to this question.
A) Additive plan with two Business Goal sections. Corporate Performance in one Business Goal section, weighted at 30%. Country Performance in other section, weighted at 30%. Individual section weighted at 40%
B) Additive plan with one Business Goal section. The Business Goal section is weighted 30% and the Individual section is weighted 40%. Within the Business Goal section, Corporate Performance is weighted 30% and Country Performance is weighted 30%
C) Additive plan with one Business Goal section. The Business Goal section is weighted 60% and the Individual section is weighted 40%. Within the Business Goal section, Corporate Performance is weighted 50% and Country Performance is weighted 50%
D) Additive plan with one Business Goal section. The Business Goal section is weighted 60% and the Individual section is weighted 40%. Within the Business Goal section, Corporate Performance is weighted 30% and Country Performance is weighted 30%
5. What feature allows employees to view their individual bonus results even if variable pay forms are still in progress?
A) Variable Pay individual view
B) Compensation profile
C) Bonus forecast
D) Bonus assignment letter
Solutions:
| Question # 1 Answer: C,D,E | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: A,C | Question # 5 Answer: D |
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