COURSE # 2 TEST

1. What does a Jr. Manager earn from completing his training?

Nothing

10% of retail

20% of retail

$500 Sign On Bonus

A Jr. Manager earns a $500 Sign On Bonus upon completing his training.

Explanation

A Jr. Manager earns a $500 Sign On Bonus upon completing his training.

2. What is the Retail Requirement for JR. Managers to successfully complete the training?

$3,000

$5,000

$10,000

None of the above

The retail requirement for JR. Managers to successfully complete the training is $3,000. This means that JR. Managers need to generate a minimum of $3,000 in retail sales in order to fulfill the training requirements.

Explanation

The retail requirement for JR. Managers to successfully complete the training is $3,000. This means that JR. Managers need to generate a minimum of $3,000 in retail sales in order to fulfill the training requirements.

3. What is an AMR payout?

Compensation off of all product sales

Compensation off of the alarm monitoring/ Paid out every month

Compensation off of Jr Managers completing their training

None of the above

An AMR payout refers to the compensation received for alarm monitoring services, which is paid out every month. This means that individuals who provide alarm monitoring services are compensated regularly for their work in monitoring alarms and ensuring the security of the premises. This answer option correctly identifies the nature of an AMR payout as being related to alarm monitoring and being paid out on a monthly basis.

Explanation

An AMR payout refers to the compensation received for alarm monitoring services, which is paid out every month. This means that individuals who provide alarm monitoring services are compensated regularly for their work in monitoring alarms and ensuring the security of the premises. This answer option correctly identifies the nature of an AMR payout as being related to alarm monitoring and being paid out on a monthly basis.

4. What is the bonus at $15,000.00 in Sales?

$800

$1000

$2500

$2000

The bonus at $15,000.00 in sales is $1000.

Explanation

The bonus at $15,000.00 in sales is $1000.

5. How much is a Corporate Manager's AMR?

$0

$400

$5

None of the above

The correct answer is $0 because an AMR (Annual Management Report) is a document that provides an overview of a company's financial performance and strategy. It is not something that has a specific monetary value associated with it. Therefore, the cost of a corporate manager's AMR is $0.

Explanation

The correct answer is $0 because an AMR (Annual Management Report) is a document that provides an overview of a company's financial performance and strategy. It is not something that has a specific monetary value associated with it. Therefore, the cost of a corporate manager's AMR is $0.

6. As a Manager, I am compensated weekly. Every Friday I am compensated for the previous week's production(Mon-Sun)

True

False

The statement is true because it states that as a Manager, the compensation is received on a weekly basis. Additionally, it mentions that the compensation is for the previous week's production, which indicates that the payment is made after the work has been completed for that week. Therefore, the answer is true.

Explanation

The statement is true because it states that as a Manager, the compensation is received on a weekly basis. Additionally, it mentions that the compensation is for the previous week's production, which indicates that the payment is made after the work has been completed for that week. Therefore, the answer is true.

7. What is the dollar amount of the office cap?

$0

$500

$400

$300

The correct answer is $300 because it is the only dollar amount listed among the options.

Explanation

The correct answer is $300 because it is the only dollar amount listed among the options.

8. What is an Independent's A.M.R.?

$0

$10

$5

None of the above

The Independent's A.M.R. is $10. This means that the cost or value associated with the Independent's A.M.R. is $10. The other options listed ($0, $5, None of the above) are not the correct values for the Independent's A.M.R.

Explanation

The Independent's A.M.R. is $10. This means that the cost or value associated with the Independent's A.M.R. is $10. The other options listed ($0, $5, None of the above) are not the correct values for the Independent's A.M.R.

9. What is the percentage an independent Manager earns from his office volume?

10%

15%

20%

None of the above

The correct answer is 20% because an independent manager typically earns a percentage of their office volume as their income. This means that for every dollar of office volume generated, the manager receives 20 cents. This arrangement incentivizes the manager to grow their office volume as it directly impacts their earnings.

Explanation

The correct answer is 20% because an independent manager typically earns a percentage of their office volume as their income. This means that for every dollar of office volume generated, the manager receives 20 cents. This arrangement incentivizes the manager to grow their office volume as it directly impacts their earnings.

10. What is the A.M.R. that a Manager earns every month from the Manager's sales within in his Agency?

$5

$4

$3

None of the above

The correct answer is $5 because the question is asking about the Average Monthly Revenue (A.M.R.) that a Manager earns every month from the Manager's sales within his Agency. Among the given options, $5 is the only amount mentioned, so it is the most suitable answer.

Explanation

The correct answer is $5 because the question is asking about the Average Monthly Revenue (A.M.R.) that a Manager earns every month from the Manager's sales within his Agency. Among the given options, $5 is the only amount mentioned, so it is the most suitable answer.

11. What percentage override does a Manager receive off of all Managers within his agency?

None

5%

10%

20%

A Manager does not receive any percentage override off of all Managers within his agency. The correct answer is "None".

Explanation

A Manager does not receive any percentage override off of all Managers within his agency. The correct answer is "None".

12. Thomas is a corporate Manager. This month his office has achieved 20,000 in volume. Thomas has also accepted 40 jr managers this month. What is Thomas' compensation?

$3400

$9,000

$8,960

None of the above

Based on the information given, there is no direct mention of Thomas' compensation. The question only provides information about the volume achieved by his office and the number of junior managers he has accepted. Therefore, it is not possible to determine Thomas' compensation based on the given information.

Explanation

Based on the information given, there is no direct mention of Thomas' compensation. The question only provides information about the volume achieved by his office and the number of junior managers he has accepted. Therefore, it is not possible to determine Thomas' compensation based on the given information.

13. What is a T.Bonus?

Bonus that is received when you accept a Manager for the position

Bonus that you receive when a Jr manager on your team completes their training

Team Completion Bonus (When Team receives a bonus)

Bonus that is received when you accept a Manager for the position and the Jr Manager pays for their jr manager package

not-available-via-ai

Explanation

not-available-via-ai

14. Dave is an Independent Manager. Dave's office has achieved 7500 in office volume this week (first week of the month) and Dave has also accepted 15 Jr. Managers for the position this week. What would Dave's compensation be this week?

$2250

$3000

$5200

None of the above

not-available-via-ai

Explanation

not-available-via-ai

15. What is the minimum amount of JR. Managers that must be accepted every month?

40

30

20

No minimum

The minimum amount of JR. Managers that must be accepted every month is 40. This means that at least 40 JR. Managers need to be accepted in order to meet the requirements or expectations.

Explanation

The minimum amount of JR. Managers that must be accepted every month is 40. This means that at least 40 JR. Managers need to be accepted in order to meet the requirements or expectations.

Course # 2 Test