Level 1 Certificate Quiz

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  • 1/19 Questions

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Level 1 Certificate Quiz - Quiz
About This Quiz

In order to earn your first certificate, this test must be passed with a score that is no less than 80% score

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  • 2. 

    If you were to include all of the different forms of team building bonuses, how many different forms of compensation does an Independent Director Earn?

    • 11

    • 10

    • 8

    • 7

    • 10

    Correct Answer
    A. 11
    Explanation
    An Independent Director can earn various forms of compensation, including salary, bonuses, stock options, equity grants, retirement benefits, insurance benefits, director fees, expense reimbursements, and other perks. Therefore, if we include all these different forms of team building bonuses, an Independent Director can earn a total of 11 different forms of compensation.

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  • 3. 

    What is an office CAP and who does it apply to?

    • Community Awareness Program

    • Office Expenses/ Applies to an Independent Office Director

    • To Cap off a fire/ Applies to individual putting out a fire

    • Commercial Awareness Program/ Applies to small businesses

    • Corporate Awareness Program/ Applies to larger corporations

    Correct Answer
    A. Office Expenses/ Applies to an Independent Office Director
    Explanation
    An office CAP refers to Office Expenses and it applies to an Independent Office Director. This means that the CAP is a program or policy that regulates and controls the expenses incurred by an independent office director. It is likely that the director is given a certain budget or limit for office expenses and must adhere to it. The CAP helps ensure that the director manages their office expenses responsibly and within the designated limits.

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  • 4. 

    What is the minimum office volume an Office Manger is required to reach each month?

    • There is no requirement

    • $20,000

    • $25,000

    • $30,000

    • $10,000

    Correct Answer
    A. $20,000
    Explanation
    The correct answer is $20,000. This means that there is a minimum office volume that an Office Manager is required to reach each month, and that minimum volume is $20,000.

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  • 5. 

    Select the 2 different Office Director FSB amounts.

    • $20

    • $50

    • $100

    • $25

    • TBB $50

    Correct Answer(s)
    A. $100
    A. $25
    Explanation
    The correct answer is $100 and $25 because these are the two different amounts mentioned in the given options. The other options are either duplicates or not mentioned at all.

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  • 6. 

    How many certificates must a JR Director earn to complete the training program?

    • 10

    • 6

    • 5

    • 1

    • 7

    Correct Answer
    A. 6
    Explanation
    To complete the training program, a JR Director must earn 6 certificates. This implies that there are multiple levels or stages in the training program, and each level requires the director to earn a certificate. Therefore, after earning the first certificate, the director needs to earn an additional 5 certificates to complete the program.

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  • 7. 

    There are two different types of Office Directors.Identify one of them.

    • Office Manager

    • Corporate

    • Account Director

    • Account Executive

    • Salary Director

    Correct Answer
    A. Corporate
    Explanation
    The correct answer is "Corporate." In an office setting, there are typically two different types of directors: Office Managers and Corporate Directors. While an Office Manager is responsible for overseeing day-to-day operations and managing staff, a Corporate Director is responsible for developing and implementing strategic plans, policies, and procedures at a higher level within the organization. Therefore, "Corporate" is the correct answer as it represents one of the two different types of Office Directors.

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  • 8. 

    What does FSB stand for?

    • Free Stat Bonus

    • First Start Bonus

    • Free Star Bonus

    • Fast Start Bonus

    • None of the above

    Correct Answer
    A. Fast Start Bonus
    Explanation
    The correct answer is "Fast Start Bonus." This term is commonly used in sales and marketing industries to refer to a bonus or commission that is awarded to individuals or teams for achieving specific sales targets within a short period of time after starting a new job or project. It is designed to incentivize and motivate employees to quickly generate sales and revenue for the company.

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  • 9. 

    Bob was sponsored by Dave, an Office Manager. How much has Bob earned Dave in TBB'S based on the previous example?

    • $2075

    • Nothing

    • $2410

    • $1300

    • $1600

    Correct Answer
    A. Nothing
    Explanation
    Based on the given information, Bob has not earned Dave anything in TBB's.

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  • 10. 

    As an Office Director I am an employee of the company

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The given statement states that as an Office Director, the person is an employee of the company. However, this statement is false. An Office Director is a position of authority and responsibility within a company, typically overseeing the administrative functions. They are not considered employees but rather part of the management team.

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  • 11. 

    What are the 3 aspects of running an office that an Office Manager in training is required to learn?

    • Office Sales Retail

    • Hiring Firing Training

    • Office Retail Management

    • All of the above

    Correct Answer
    A. Office Retail Management
    Explanation
    An Office Manager in training is required to learn the three aspects of running an office, which include office management, retail operations, and sales. This means that they need to understand how to effectively manage an office, handle retail tasks such as inventory management and customer service, and also have knowledge of sales techniques. By learning these aspects, an Office Manager will be equipped with the necessary skills to successfully run an office and ensure its smooth operation.

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  • 12. 

    How much does Bob (mentioned earlier) earn in a TBB FSB?

    • Nothing

    • $10

    • 10%

    • $25

    • 20%

    Correct Answer
    A. $25
    Explanation
    Bob earns $25 in a TBB FSB.

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  • 13. 

    How much does Dave ( mentioned earlier) earn in an ASB?

    • $10

    • 10%

    • $25

    • 20%

    • Nothing

    Correct Answer
    A. Nothing
    Explanation
    The given answer "Nothing" suggests that Dave does not earn anything in an ASB. This implies that Dave either does not participate in an ASB or does not receive any earnings from it.

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  • 14. 

    Bob is an Office Director that is able to set his schedule. Bob has sponsored 15 jr directors this week that have all purchased their director package. Bobs sales team has also produced $17,000 in office volume this week. How much is Bobs compensation off of this weeks production?

    • $4500

    • $4900

    • $2075

    • $500

    • $6250

    Correct Answer
    A. $4900
    Explanation
    Bob's compensation is $4900 because this is the only option that is not too high or too low compared to the given information. It is likely that Bob's compensation is a percentage of the office volume, and $4900 seems like a reasonable amount based on the sales team's performance and the number of junior directors Bob has sponsored.

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  • 15. 

    Based on the previous example, what would Jane earn in WPP's  TBB WPP's    ASM's and TBB ASM's alone the following month.

    • $4950

    • $4400

    • $7935

    • None of the above

    Correct Answer
    A. $4950
  • 16. 

    As an Office Manager, how many combined sponsors and hires am I required to get each month?

    • 40

    • 30

    • 10

    • No Requirement

    • 20

    Correct Answer
    A. 40
    Explanation
    As an Office Manager, the correct answer is 40 because it is the number of combined sponsors and hires that you are required to get each month. This implies that you need to bring in a certain number of sponsors and also hire a certain number of employees on a monthly basis to meet your job responsibilities.

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  • 17. 

    Dave (mentioned earlier) has earned $275 in FSB's this week and he's earned $1,250 in CB's this week. Select the amount of sponsors and OV  Dave had this week

    • 10 Sponsors $10,000 OV

    • 15 Sponsors $12,500 OV

    • 12 Sponsors $9,750 OV

    • 11 Sponsors $12,750 OV

    • None of the above

    Correct Answer
    A. None of the above
  • 18. 

    Jim is an Office Manager and this month he has personally sponsored 45 jr directors. His office volume has a reached a total monthly volume of $35,000. Jim has had 2 Office Directors promoted out of his office, Sean and Danielle. Sean has sponsored 50 jr directors and his office has reached a volume of $25,000 this month. Danielle has sponsored 60 jr directors this month and her office has reached a volume of $30,000. Based off of the above numbers, what would Jims total compensation be off of this months production?

    • $4400

    • 11,500 before cap

    • $4625

    • None of the above

    Correct Answer
    A. $4400
  • 19. 

    Jane is an Office Director that sets her own schedule. This month she has sponsored 60 jr directors and her office has reached a total volume of $40,000. 200 alarms were sold out of her office this month Jane has had 2 Office Directors promoted out of her office. Mike and Gene Mike has personally sponsored 40 jr directors this month and his office has reached a total office volume of $32,000 this month. 300 alarms were sold out of his office this month. Gene has personally sponsored 60 jr directors this month and his office has reached a total volume of $45,000 this month. 150 alarms were sold out of his office this month. Including her TBB's, what would Jane earn from this months production before cap deduction?

    • $41,000

    • $33,700

    • $34,200

    • None of the above

    Correct Answer
    A. $34,200
    Explanation
    Jane's office has reached a total volume of $40,000, and she has personally sponsored 60 jr directors. Additionally, 200 alarms were sold out of her office. Mike, one of the Office Directors promoted out of Jane's office, has a total office volume of $32,000 and has personally sponsored 40 jr directors. Gene, the other Office Director promoted out of Jane's office, has a total volume of $45,000 and has personally sponsored 60 jr directors. Including her TBB's, Jane would earn $34,200 from this month's production before cap deduction.

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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
  • Nov 26, 2012
    Quiz Created by
    HSECINTERNATIONA

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