Course # 2 Test

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  • 1/15 Questions

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

    • Nothing
    • 10% of retail
    • 20% of retail
    • $500 Sign On Bonus
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About This Quiz

PK TEST
IN ORDER TO PASS TEST, SCORE MUST BE 80% CORRECT OR ABOVE
TEST TIME LIMIT: 30 MINUTES
ALL QUESTIONS THAT ARE UNANSWERED WILL BE SCORED AS IN-CORRECT

Course # 2 Test - Quiz

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  • 2. 

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

    • $3,000

    • $5,000

    • $10,000

    • None of the above

    Correct Answer
    A. $3,000
    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.

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  • 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

    Correct Answer
    A. Compensation off of the alarm monitoring/ Paid out every month
    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.

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  • 4. 

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

    • $800

    • $1000

    • $2500

    • $2000

    Correct Answer
    A. $1000
    Explanation
    The bonus at $15,000.00 in sales is $1000.

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  • 5. 

    How much is a Corporate Manager's AMR?

    • $0

    • $400

    • $5

    • None of the above

    Correct Answer
    A. $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.

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  • 6. 

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

    • True

    • False

    Correct Answer
    A. 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.

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  • 7. 

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

    • $0

    • $10

    • $5

    • None of the above

    Correct Answer
    A. $10
    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.

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  • 8. 

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

    • 10%

    • 15%

    • 20%

    • None of the above

    Correct Answer
    A. 20%
    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.

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  • 9. 

    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

    Correct Answer
    A. $5
    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.

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  • 10. 

    What is the dollar amount of the office cap?

    • $0

    • $500

    • $400

    • $300

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

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  • 11. 

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

    • None

    • 5%

    • 10%

    • 20%

    Correct Answer
    A. 5%
    Explanation
    A Manager does not receive any percentage override off of all Managers within his agency. The correct answer is "None".

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  • 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

    Correct Answer
    A. $3400
    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.

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  • 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

    Correct Answer
    A. Bonus that is received when you accept a Manager for the position and the Jr Manager pays for their jr manager package
  • 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

    Correct Answer
    A. $2250
  • 15. 

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

    • 40

    • 30

    • 20

    • No minimum

    Correct Answer
    A. 40
    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.

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Quiz Review Timeline (Updated): Mar 21, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • May 30, 2013
    Quiz Created by
    H3security

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