Question 1

You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

Options :

A : The task is only for notification and has no rules.

B : The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.

C : The task applies to selected allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.

D : The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.

Answer: C

Question 2

Identify the three correct statements for an alternate approver hierarchy. (Choose three.)

Options :

A : By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.

B : The alternate approver must be a part of the regular plan hierarchy.

C : You can create multiple approvers for the same manager.

D : The highest Approval sequence is the final approver.

Answer: A,C,D

Question 3

What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)

Options :

A : Budgets can be separate for each component.

B : Budgets cannot be separate for each component.

C : Multiple components can have a single budget.

D : Multiple components cannot have a single budget.

Answer: A,C

Question 4

You are responsible for configuring an individual compensation plan with multiple options. Which two statements are true about the plan options? (Choose two.)

Options :

A : You can associate each option with the same payroll element and input value.

B : You can associate each option with only one payroll element and input value.

C : You can associate each payroll element with only one plan and option.

D : You can associate each payroll element with multiple plans and options.

E : You can associate each payroll element with one option but with multiple plans.

Answer: B,D

Question 5

Your client is a consumer goods wholesaler. The client’s organization has five departments. While performingcompensation budgeting activity, the client has a policy that the departments that have exceeded their salestargets receive an additional budget to reward the employees in that department. In the current year, only theElectronics department has exceeded its sales target.How would the compensation manager allocate the extra budget to the manager of the ElectronicsDepartment? (Choose the best answer.)

Options :

A : Publish the original budgets to all managers, followed by publishing the extra budget to only the manager of the Electronics department.

B : Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.

C : Initiate budgets automatically by using the Start Compensation Cycle process.

D : Request excess budget allocation from the manager above him.

Answer: A