C_THR70_2404 Sample Questions Answers

Category

Classifier

Subcategory

Root category

Direct credit rule

Secondary measurement rule

Indirect credit rule

Primary measurement rule

Titles

Participants

Positions

Position groups

Role types

Determine the user name/user ID format before adding participants to the system.

With single sign-on, use the position ID used by the company's current systems.

End dating participants is always recommended.

Use a generic date to represent the end of the participant's employment and use this date in rule instead of the termination date.

Do NOT use the participant's name as a user name/user ID.

Audit Logs Retention

User Role Permissions

Prompt Settings

Allow Negative Payments

Calculation Settings

Enable Use Approved Calculated Data Only.Schedule Compensate and Pay to run daily.Schedule Purge Approved Data to run Sunday night.

Enable Released Periods.Schedule Compensate and Pay to run daily.Schedule Approve Calculated Data to run Sunday night.

Enable Released Periods.Schedule Compensate and Pay to run weekly. Schedule Purge Approved Data to run Sunday night.

Enable Use Approved Calculated Data Only.Schedule Compensate and Pay to run daily.Schedule Approve Calculated Data to run Sunday night.

If you need to derive a rate from a formula

If you are using step commission

If you are using a Variable

If the resulting unit type must be a percent

They allow the encapsulation of data in distinct objects.

They can be reused in multiple rules.

They allow you to create and save advanced queries.

They can be used as placeholders to make compensation rules more flexible.

They are effective dated, which simplifies change management.

Two payments: Payment 1 for $4500 and Payment 2 for $10000

One payment for $14500

Two payments: Payment 1 for $6500 and Payment 2 for $8000

Three payments: Payment 1 for $2000, Payment 2 for $4500, and Payment 3 for $8000

Position Groups

Earning Codes

Event Types

Earning Groups

Disable Allow Negative Payments under System Preferences.

Enable Allow Negative Payments under Global Settings.

Disable Allow Negative Payments under User Preferences.

Enable Allow Negative Payments in Calculate and Pay.

Always use a Variable in a rule instead of a compensation element.

Avoid using Variables because they increase processing time.

Always leave the Variable default assignment field empty.

Set a default assignment for all Variables.

When retiring a position end date it by populating the effective end date with the last day of the position.

Never end date a compensation rule. Instead inactivate it by removing the rule from all compensation plans.

When a participant leaves a position do NOT end date the position. Instead inactivate it by removing the participant from the position.

Plans plan objects should only be versioned on a leaf period boundary.

When a participant changes positions

When you NO longer want the commissions calculation to be processed

When you want to delete a participant from the system

When a participant is leaving an organization

To define the details of the category hierarchy

To match fields on classifier records with assigned Variables

To match fields on classifier records with fields on transactions

To organize products into categories

The assignment of a title to a position

The assignment of a plan to a position

The assignment of a manager to a position

The assignment of a participant to a position

Secondary measurement

Credit

Primary measurement

Incentive

Deposit

Leave the employee assigned as the Participant for the Sales Representative position. Create a new effective version of the Account Executive position. Add the employee's name to the Participant field on the Account Executive position.Change the credit start date on the Account Executive Position to March 1.

Create a new effective version of the Sales Representative position with a start date of March 1.Remove the employee's name from the Participant field of the Sales Representative position. Create a new effective version of the Account Executive position with a start date of March l.Add the employee to the participant field in the new version.

C, Create a new effective version of the sales representative position with a start date of