Knowledge quiz

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

Which type of compensation element is a named object that is used to filter input to credit and primary measurement rules?

Choose the correct answer.

Territories

Classification hierarchies

Fixed Values

Variables

What is the purpose of the Relationships workspace?

Choose the correct answer.

Provide an interface to create and manage custom Roll Relationships.

Create rules that roll credits from subordinates to managers.

Allow the administrator to manage the reporting hierarchy.

Determine whether credits and measurements are rollable.

The fields on a participant record that define the dates in which the record is valid or effective are:

Choose the correct answer.

Effective Start Date and Effective End Date

Participant Start Date and Participant End Date

Version Start Date and Version End Date

Effective Date Range

Select the types of compensation elements that can use a variable as a placeholder.

There are two correct answers.

Fixed Values

Rate Tables

Formulas

Quotas

Which of the following are required fields on the Participant record?

There are two correct answers.

Participant ID

Last Name

Title

Termination Date

You’d like to calculate a commission on sales that pays 1% of all sales below the quota, and 3% on all sales above the quota. Which type of compensation element would you use to store the rates?

Choose the correct answer.

Fixed Value

Quota

Rate Table

Formula

Which type of compensation element contains an expression, such as a mathematical equation?

Choose the correct answer.

Territories

Formulas

Rate Tables

Quotas

Which of the following are advantages to using compensation elements in a plan?

There are two correct answers.

They allow the assignment of multiple positions to the same plan.

They allow the encapsulation of data in distinct objects rather than storing everything in a large, complex compensation plan.

They are Effective Dated, which makes it easier to manage changes in plans.

They cannot be assigned to a variable.

10.

Which type of compensation element contains a table of values based on multiple sets of criteria where the stored values represent the intersection of multiple dimensions?

Choose the correct answer.

Rate Table

Formula

Fixed Value

Lookup Table

Knowledge quiz

Which type of compensation element is a named object that is used to filter input to credit and primary measurement rules?

What is the purpose of the Relationships workspace?

The fields on a participant record that define the dates in which the record is valid or effective are:

Select the types of compensation elements that can use a variable as a placeholder.

Which of the following are required fields on the Participant record?

Which of the following are components of a category hierarchy?

You’d like to calculate a commission on sales that pays 1% of all sales below the quota, and 3% on all sales above the quota. Which type of compensation element would you use to store the rates?

Which type of compensation element contains an expression, such as a mathematical equation?

Which of the following are advantages to using compensation elements in a plan?

Which type of compensation element contains a table of values based on multiple sets of criteria where the stored values represent the intersection of multiple dimensions?