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1. From where can you pull fields to assign business goals to employees through the business goals import file?
A) Bonus plan weights
B) Employee history fields
C) Summary level standard fields
D) Summary level custom reportable fields
2. Which of the following are payout function types supported in Business Goals? Note: There are 3 correct answers to this question.
A) Interpolation
B) Step scale
C) Direct payout
D) Additive
E) Multiplicative
3. Which of the following areas are impacted when a customer uses flexible payout curves in their Variable Pay plan? Note: There are 2 correct answers to this question.
A) Calculations
B) Guidelines
C) Lookup values
D) Reports
4. Which of the following can be achieved using variable pay gates? Notes: There are 2 correct answers to this question.
A) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The EBITDAgoal will payout at 0% unless the Individual performance rating is "Good" or better.
B) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The entire business goal section will pay out at 50% unless Customer Satisfaction is above target.
C) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The Individual section is capped to 100% unless the combined payout of the business goals exceeds 75%.
D) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The EBITDA goal CANNOT pay more than 100% unless Revenue achieves above target.
5. 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 150% x (80% x 50% + 90% x 50%)
B) 4000 x 50% x (80% x 50% + 90% x 50%) + 4000 x 50% x 150%
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%
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,C,E | Question # 3 Answer: A,D | Question # 4 Answer: A,B | Question # 5 Answer: B |
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