Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this unit.

Which Rate Type allows the buyer to determine the Pay Rate from the negotiated Bill Rate?

Choose the correct answer.

Rate

Bill Rate Based

Calculated Rate

Pay Rate Based

What is the Requested Rate in SAP Fieldglass?

Choose the correct answer.

The Bill Rate indicated by the buyer in a Job Posting.

The MSP Fee.

The agreed upon Bill Rate by both the buyer and supplier.

The Final Bill Rate which will be included in the invoice.

When creating a Rate Component Group, what is the purpose of the Level field?

Choose the correct answer.

It indicates whether the rate component will be included in the calculation of tax when tax adjustments are applied to the invoice amount.

When enabled, the structure and components from the admin object will be copied when a work order, work order revision, or a statement of work revision or SOW worker is created.

It allows a limit to be added so that when the calculated component value exceeds this limit, the value will be capped automatically at the amount entered in this column.

It determines the order of operations of the rate components in the group.

What is the purpose of Rate Groups?

Choose the correct answer.

They are used to group rates based on factors such as overtime.

They are used to collect rates based on MSP fee.

They are used to group rates based on unit of measure.

They are used to collect all the varieties of rates for a specific position or site.

What is the purpose of a Rate Component?

Choose the correct answer.

They provide a mechanism for grouping Pay Rate by Rate Type..

They break out any levies, fees, or markups that exist between the Pay rate and the Bill Rate.

They define the fees and markups that are subtracted from the Pay Rate.

They provide a method for grouping rates and hours submitted against those rates.

What is the purpose of a Rate Rate Type?

Choose the correct answer.

It collects all the varieties of rates, such as overtime or differing units of measure, for a specific position for a specific site.

It is used to define an extra level of complexity in rates by breaking out any levies, fees, or markups that exist between the Pay Rate and the Bill Rate.

It is the amount or percentage assigned to a particular Rate Category.

It indicates the basis for the Pay Rate.

What is the purpose of using Lookups for MSP fees?

Choose the correct answer.

Allows the customer to configure a flat fee per transaction.

Allows customers flexibility outside of native SAP Fieldglass functionality to specify what criteria from the application drives their MSP fee allocation.

Allows the customer to build their MSP fee calculation into their Rate Component structure.

Allows the customer to enable MSP fee calculations in the SAP Fieldglass application.

What is a rate in SAP Fieldglass?

Choose the correct answer.

The amount the buyer owes to SAP Fieldglass to use the application.

The number of workers they have in their tenant.

A calculation built into the analytics module.

The amount the Buyer pays for a worker or service.

What is the purpose of a Rate Change Matrix?

Choose the correct answer.

Allows rates to be organized by supplier to associate specific positions in specific locations to specific rate amounts.

Used to define an extra level of complexity in rates by breaking out any levies, fees, or markups that exist between the pay rate and the bill rate.

Allows for grouping certain rates together and classifying them based on the amount of time worked in a time period.

Allows organizations to define changes to rates or fees that occur over the period in which the worker is engaged.

10.

What is a Rate Grid in SAP Fieldglass?

Choose the correct answer.

The measurement basis for a Pay Rate, such as standard time or over time.

The additional costs associated to a rate, such as fees or markups.

A matrix of data that organizes a company's negotiated rates based on areas of business, locations, and suppliers.

A negotiated rate structure based on whether a supplier is providing contingent workers or a full service.