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1. A planner recommends a $5000 equity award. Using the stock value table as shown in the attached screenshot and a 50/50 value award split between stock and options, how many units of each does the employee receive? Please choose the correct answer.
Response:
A) 125 shares of stock and 125 options
B) 200 shares of stock and 334 options
C) 25 shares of stock and 15 options
D) 100 shares of stock and 167 options
2. You test and troubleshoot compensation statements for your customer. Where can you download all statements generated for the compensation template in a single PDF file?
Please choose the correct answer.
Response:
A) From the Manage Statement Templates utility under Action for All Plans
B) From the Select Statement Templates utility under Complete Compensation Cycle
C) From the Bulk Print option in the compensation worksheet
D) From the Export option in the executive review.
3. You have defined the eligibility rules as shown in the attached screenshot. Budgeting is done as a percent of the current salary. What can you see on the compensation form for an employee in Salary Plan PRM?
Please choose the correct answer.
Response:
A) The employee appears on the form and is included in the total budget basis but CANNOT receive an award amount in merit, adjustment or lump sum.
B) The employee appears on the form, is NOT included in the total budget basis and CANNOT receive an award amount in merit, adjustment or lump sum.
C) The employee does NOT appear on the form but their salary is included in the total budget basis.
D) The employee does NOT appear on the form and their salary is NOT included in the total budget basis.
4. Your customer has customized two compensation statements from the Success Store. One statement is used for employees in the Manufacturing department and the other is used for all other employees. How do you make sure that the Manufacturing employees receive the proper statement?
Please choose the correct answer.
Response:
A) Use role-based permissions in Admin Tools
B) Make the Manufacturing statement template the default template.
C) Set default permissions for the statement template under Action for All Plans.
D) Assign statement groups under Complete Compensation Cycle.
5. You configured merit guidelines as shown in the attached screenshot.
If an employee has a rating of 3.05 what would be the low to high guideline that would appear in the merit guideline column in the compensation worksheet?
Please choose the correct answer.
Choose one:
A) 0% - 10%
B) 0% - 0%
C) 2% - 4%
D) 3% - 5%
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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