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1. Basis is referred to as
Please choose the correct answer.
A) Calculated Individual payout
B) Section payout amount
C) Bonus target opportunity
D) Final bonus payout
2. If the starting point of eligibility is set to "No employees are eligible" what actions are required to include employees in the bonus plan?
There are 2 correct answers to this question.
A) Add employees to the history data file
B) Flag employees as "TRUE" in UDF eligibility
C) Create rule in manager form eligibility to include employees
D) Use an MDF rule instead of importing eligibility rules
3. When forecasting individual goals, which of the following settings are available? Please choose the correct answer.
A) Current guidelines
B) Previous year's guidelines
C) Custom calculation for bonus forecasting.
D) Current year target amount
4. How are bonus plans assigned to employee assignments? There are 2 correct answers to this question.
A) The eligibility file should contain the bonus plan name
B) Using the fields in employee history as look-up attributes in eligibility file
C) Creating rule in eligibility file that corresponds to each bonus plan
D) The bonus plan for each employee assignment is included in the employee history data file
E) The bonus plan file includes start and end dates that correspond to each employee assignment dates
5. What does a point-in-time calculation mean? Please choose the correct answer
A) Employee assignment will not be pro-rated
B) Target amount is based on a fixed date
C) Target amount is based on effective date of each assignment
D) Goal payout will not be pro-rated
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B,C | Question # 3 Answer: C | Question # 4 Answer: B,C | Question # 5 Answer: C |
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