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1. How do you ensure that a planner enters an amount within a specific range?
A) Set min-max to display as guideline pattern.
B) Enter values in the minimum/maximum columns on the business goals file.
C) Create gates using performanceMin and performanceMax.
D) Configure minimum/maximum guidelines in the plan setup.
2. Where do you set the display order of the business goals?
A) Design Worksheet
B) Bonus plan file
C) Business goals file
D) Business goal weights file
3. Your client wants to award quarterly bonuses, where the quarters are aligned as follows: Q1: November
1-January 31. Q2: February 1-April 30. Q3: May 1-July 31. Q4: August 1-October 31. Bonuses are paid at the end of each quarter. Which of the following combinations of configuration options would work for this scenario?
A) One variable pay template with the bonus start date November 1 and end date October 31; employee history is loaded with four records per employee (one per quarter) and bonus paid in fullon October 31
B) One variable pay template with the bonus start date November 1 and end date October 31, and the bonus plan multiplier set to 25%
C) Four variable pay templates, with the bonus start and end dates aligned with the customer's dates and employee history to match
D) Four variable pay templates, with the bonus start and end dates aligned with "traditional" quarter dates and custom columns in the employee history to display the customer's dates
4. Company ABC rewards its employees using an additive plan based on company (50% weight) and individual (50% weight) performance. An employee's target bonus is 4,000 (100% payout). The company performance is based on two objectives, each weighted at 50% - revenue and operating Income. The revenue objective achievement is 80% and the operating income objective achievement is 90%. If the Individual achievement is
150%, which expression best represents how the bonus is calculated?
A) 4000 x 50% x (80% x 50% + 90% x 50%) + 4000 x 50% x 150%
B) 4000 x 150% x (80% x 50% + 90% x 50%)
C) 4000 x 150% + 4000 x (80% x 50% + 90% x 50%)
D) 150% x (4000 x 50% x (80% + 4000 x 50% x 90%
5. Your client has a performance process where employees can enter goals. The individual part of the employee's bonus is based on the performance against these goals - but not all of them. When going through the goal setting process, the employee and their manager will discuss whether or not a goal is "bonus relevant" - that is, the employee's attainment against that goal affects their bonus at the end of the year. What is the best way to set this up without administrative intervention?
A) Goals that are relevant to the employee's bonus need to be in a separate section in the performance form.
B) Relevant goal performance is imported into each employee's Assignment History.
C) Goals that are relevant to the employee's bonus need to be exported from Goal Management and imported into Business Goals.
D) Goals that are relevant to the employee's bonus need to have a different type, set when creating the goal.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B,D | Question # 4 Answer: A | Question # 5 Answer: D |
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