Modicare Maximizer Plan II
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Under the transition policy calculate the actual bonus payment to consultant with following business: Joining Month: April 2011 Bonus payout month: November 2011 Earning as per old plan calculation: Rs. 11,500/- Earning as per new plan calculation: Rs. 6,000/-
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11,500
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11,050
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6000
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About This Quiz
The Modicare Maximizer Plan II quiz assesses knowledge of transition policies, bonus calculations, and title achievements within a sales incentive plan. It is relevant for consultants looking to understand or improve their earnings and performance in the context of Modicare's structured incentive system.
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A consultant joined in the month of July 2011, by when he can achieve Emerald title for a chance to earn Star Performer Bonus?
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November 2011
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January 2012
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December 2011
Correct Answer
A. December 2011Explanation
The consultant joined in July 2011, and the question asks when they can achieve the Emerald title for a chance to earn the Star Performer Bonus. Since the consultant joined in July and the options given are in the future, we can assume that it takes a few months to achieve the Emerald title. The only option that falls within a few months after July is December 2011, so that would be the correct answer.Rate this question:
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- 3.
Under the transition policy how many trip points a consultant with following business would earn: Month: August 2011 Active Legs: 2 Gold and above: 1 DV: 250,000 Lesser leg volume: 50,000
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5000
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0
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2500
Correct Answer
A. 2500 -
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A consultant joined in the month of August 2011. As per the old plan calculation his earnings would have been Rs. 12,000/- and as per new plan calculation his earnings would be Rs. 11,000/- What would be paid to him?
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Rs. 11,000/-
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Rs. 12,000/-
Correct Answer
A. Rs. 11,000/-Explanation
The consultant would be paid Rs. 11,000/- because the new plan calculation states that his earnings would be Rs. 11,000/-.Rate this question:
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- 5.
Calculate estimated bonus payment for a consultant with following business: Active legs: 4 Emerald and above Legs: 3 DV: 900,000 Lesser leg volume: 200,000 PBV: 20,000 Leg 1 has Emerald with Maximizer Team Bonus Earning of Rs. 12,000/- Leg 2 has Emerald with Maximizer Team Bonus Earning of Rs. 10,000/- Leg 3 has two Emeralds, first generation emerald with Maximizer Team Bonus Earning of Rs. 12,000/- and Second generation has maximizer team bonus earning of Rs. 10,000/- What would be the estimated income(Power Seller, Leader Cheque Match and Maximizer Team Bonus) of the consultant.
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29,400
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31,400
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32,400
Correct Answer
A. 29,400Explanation
The estimated income of the consultant can be calculated by adding the earnings from each leg. Leg 1 has an earning of Rs. 12,000, Leg 2 has an earning of Rs. 10,000, and Leg 3 has a total earning of Rs. 22,000 (Rs. 12,000 + Rs. 10,000). The estimated income would be the sum of these earnings, which is Rs. 29,400.Rate this question:
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- 6.
Under the transition policy what would be the title of a consultant with following business: Month: November 2011 Active legs: 4 DV: 250,000 Gold and above: 2 Lesser leg volume: 30000
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Emerald
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Platinum
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Gold
Correct Answer
A. PlatinumExplanation
Based on the given information, the title of the consultant would be "Platinum" under the transition policy. This is determined by the fact that the consultant has achieved a DV (Downline Volume) of 250,000 and has 2 active legs that are Gold and above. The highest rank mentioned in the options is Platinum, so that would be the correct answer.Rate this question:
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- 7.
What is Star Performer Bonus? Please explain in detail.
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As per transition policy, valid title holders in the old plan would be given a new opening title in August'11. Silver, Gold, Star, President Star all would be given equal opening title of Emerald in the new plan. However, in the old plan President Star was a much higher title than Silver. How would you handle this query in the field. Explain.
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What is the difference between Paid-As title and Career Title.
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In Modicare Maximizer Plan, consultants are paid Maximizer Team Bonus on their Pay Leg Volume, which doesn't includes the strong leg volume. How a consultant would be earning/benefitted if he focuses on his rising performers in the strong leg?
Quiz Review Timeline (Updated): May 18, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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May 18, 2023Quiz Edited by
ProProfs Editorial Team -
Jul 22, 2011Quiz Created by
Sharadc
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