# Tr - Expert Rates

Approved & Edited by ProProfs Editorial Team
The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.
| By Catherine Halcomb
C
Catherine Halcomb
Community Contributor
Quizzes Created: 1452 | Total Attempts: 5,815,393
Questions: 10 | Attempts: 63

Settings

Training Dept Quiz.

• 1.

### The ____________   _____________   ___________________ is useful for determining what the rate will be for a time entry and the source of that rate.

• A.

Time Inquiry Calculator

• B.

Time Rate Calculator

• C.

Calculator of Rates

• D.

B. Time Rate Calculator
Explanation
The Time Rate Calculator is useful for determining what the rate will be for a time entry and the source of that rate. It helps calculate the rate at which time is being charged or paid for a specific task or job. It allows users to input the time spent on a task and the corresponding rate to calculate the total cost or payment. This tool is beneficial for individuals or businesses that need to track and manage time-based expenses or payments accurately.

Rate this question:

• 2.

### When looking at a Client or Matter, you may use the ________________________ View checkbox in order to see all of the associated rates and rate sets.

Consolidated
Explanation
The consolidated view checkbox allows users to see all of the associated rates and rate sets when looking at a Client or Matter. This means that instead of viewing rates and rate sets separately, the consolidated view combines them all into one comprehensive display. This can be helpful for easily comparing and analyzing different rates and rate sets associated with a particular client or matter.

Rate this question:

• 3.

### If the “Apply to All Matters” checkbox remains unchecked in Action Code Rates then only those matters set up to “Use Action Codes” in Matter Management will use that rate.

• A.

True

• B.

False

A. True
Explanation
If the "Apply to All Matters" checkbox remains unchecked in Action Code Rates, it means that the rate specified in the Action Code Rates will only be applied to those matters that have been set up to "Use Action Codes" in Matter Management. This implies that if the checkbox is checked, the rate will be applied to all matters regardless of whether they are set up to use action codes or not. Therefore, the statement is true.

Rate this question:

• 4.

### Action Code Rates are only available in the mode of:

• A.

Firm

• B.

Client

• C.

Matter

A. Firm
Explanation
Action Code Rates are only available in the Firm mode. This means that the rates for different actions or tasks can be set and applied at the firm level. This allows for consistent billing and tracking of time and expenses across all clients and matters within the firm. The rates set at the firm level will be applicable to all clients and matters unless specific rates are defined at the client or matter level.

Rate this question:

• 5.

### When looking at Matter and Client Rates, which function is NOT available on both the Ribbon and right-click?

• A.

Delete

• B.

Edit

• C.

Duplicate

• D.

B. Edit
Explanation
The function that is NOT available on both the Ribbon and right-click is "Edit".

Rate this question:

• 6.

### Rate Level Overrides are only available on:

• A.

Client Rates

• B.

Matter Rates

• C.

Action Code Rates

• D.

Rate Set Rates

D. Rate Set Rates
Explanation
Rate Level Overrides are only available on Rate Set Rates. This means that within a rate set, different rates can be assigned to different levels of users. Rate level overrides allow for customization of rates based on the user's level or role within the organization. This feature is not available on Client Rates, Matter Rates, or Action Code Rates.

Rate this question:

• 7.

### You can duplicate all the rates from one rate set to a new rate set.

• A.

True

• B.

False

A. True
Explanation
This statement suggests that it is possible to copy all the rates from one rate set to another rate set. In other words, you can replicate the rates from one set and transfer them to a new set. This implies that the system or tool being used allows for the duplication of rates between different rate sets. Therefore, the correct answer is true.

Rate this question:

• 8.

### Adding both a minimum and a maximum as a rate is known as the Rate Type of Rate  _____________.

Band
Explanation
The correct answer is "Band." Adding both a minimum and a maximum as a rate is known as the Rate Type of Band. In this rate type, there is a range within which the rate can vary, allowing for flexibility in pricing or measurement. This is commonly used in various industries such as telecommunications, insurance, and finance, where rates can be structured based on different tiers or levels.

Rate this question:

• 9.

### In order to retire a timekeeper’s rates using this application, which of the following has to be true:

• A.

The timekeeper must be inactive.

• B.

All the associated rates must be set to zero.

• C.

A Terminated Date must be entered for the timekeeper.

C. A Terminated Date must be entered for the timekeeper.
Explanation
To retire a timekeeper's rates using this application, it is necessary to enter a Terminated Date for the timekeeper. This indicates that the timekeeper is no longer active and their rates should no longer be considered. The other two options, being inactive and setting all associated rates to zero, are not mentioned as requirements for retiring the timekeeper's rates in the given information.

Rate this question:

Related Topics

×

Wait!
Here's an interesting quiz for you.