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| Section | Objectives |
|---|---|
| Execution and Reporting | - Worksheet and Payout Management
|
| Variable Pay Fundamentals | - Overview and Concepts
|
| Configuration and Administration | - Bonus Plans and Calculation
|
1. 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 2000 respectively
B) 75% and 2000 respectively
C) 75% and 6000 respectively
D) 25% and 6000 respectively
2. Which setting must remain consistent when configuring variable pay background elements? There are 2 correct answers to this question.
A) Type ID must always be 24
B) The assignment dates and the program dates must be identical
C) Background element ID must always start with "varPayEmpHistData"
D) Target bonus amount must always use "basis" as data field ID
3. What are the different payout function types? There are 3 correct answers to this question.
A) Direct
B) nstep
C) Interpolation
D) Indirect
E) Proration
4. Which fields are required in the Employee history data file? There are 3 correct answers to this question.
A) Basis
B) Bonus Target Percentage
C) End Date
D) Start Date
E) Salary
5. This file defines the section weight used for calculating incentive payments. Please choose the correct answer.
A) Employee History Data File
B) Bonus Plan
C) Business Goal weights
D) Business Goals
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C,D | Question # 3 Answer: A,B,C | Question # 4 Answer: A,C,D | Question # 5 Answer: B |
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