Knowledge quiz

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

What is the purpose of a Rate Change Matrix Component?

Choose the correct answer.

Allows multiple rate components to be applied to a particular position.

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

Allows the buyer to create specific rules that define changes to rates or fees that occur over the period in which the worker is engaged.

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.

What are benefits of using Time Sheet Rate Groups? (select 3)

There are three correct answers.

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

They allow for automatic approval of standard rates and hours on the time sheet.

They act as a rate rule definition variable to determine the behavior of a particular group of rates.

They organize similar rates into groups for use on time sheets.

They organize time sheets for workers employed under a statement of work so that they can be easily checked against milestones.

What is the final step in creating a Rate Schedule?

Choose the correct answer.

Add it to a Job Posting Template.

Create the Rate Rules.

Create the Rate Schedule Type.

Add it to a Shift.

How is the MSP fee handled in the Markup calculation method?

Choose the correct answer.

The MSP fee is added to the buyer bill rate.

The MSP fee is subtracted from the supplier bill rate.

The MSP fee is subtracted from the buyer bill rate.

The MSP fee is added to the supplier bill rate.

Which Rate Type provides visibility into the fee structure (%) of the supplier that is built into the rate?

Choose the correct answer.

Unit Rate

Factor Rate

Calculated Rate

Markup Rate

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 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 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.

10.

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

Knowledge quiz

What is the purpose of a Rate Change Matrix Component?

Which are elements of a Rate Structure? (choose 3)

What are benefits of using Time Sheet Rate Groups? (select 3)

What is the final step in creating a Rate Schedule?

How is the MSP fee handled in the Markup calculation method?

Which Rate Type provides visibility into the fee structure (%) of the supplier that is built into the rate?

What is the purpose of Rate Groups?

What is the purpose of a Rate Rate Type?

What is a Rate Grid in SAP Fieldglass?

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