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Financial-Management
Exam Name:
WGU Financial Management VBC1
Questions:
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NEW QUESTION: 1
Which of the Microsoft Dynamics 365 for Finance and Operations application stack provides financial and human resources management functionality?
A. Application Foundation
B. Application Suite
C. Application Platform
D. Application Object
Answer: B
Explanation:
Explanation: Section: Understand the architecture and development environment (20-25%)
Explanation
Explanation/Reference:
Most of the functionality we associate with Dynamics 365 for Finance and Operations is added in the Application Suite. Specific examples include the financial management, inventory or warehouse management, human resources management or the fleet management scenario.

NEW QUESTION: 2
According to ITIL@ v3 framework, which type of priority is characterized as severely affecting some key users or impacting a large number of users?
A. medium
B. low
C. high
D. immediate (emergency)
Answer: C

NEW QUESTION: 3
What is the compa-ratio for an employee that earns $75,000 per year, but the midpoint for the role is
$85,000 per year?
A. 1:88
B. 113 percent
C. $10,000 difference
D. 88 percent
Answer: D
Explanation:
Explanation/Reference:
Answer option A is correct.
The compa-ratio helps organizations determine how closely an employee's pay is in synch with market.
You must also consider the length of employment, service, skills, and other factors in the decision for compensation. The ratio is found by dividing the employees' salary ($75,000) by the midpoint for the role ($80,000) for the ratio of 88 percent.
Answer option B is incorrect. 113 percent is the inverted formula by dividing $80,000 by $75,000.
Answer option C is incorrect. $10,000 is the difference of the two values, but this isn't the compa-ratio.
Answer option D is incorrect. This isn't a valid figure for the question.
Reference: PHR Exam Prep, Pearson Education, ISBN: 978-0-7897-3677-2. Chapter Six: Total Rewards.
Official PHR and SPHR Certification Guide, HR Certification Institute, ISBN: 978-1-586-44149-4, Section III, The US HR Body of Knowledge.
Chapter: Compensation and Benefits
Objective: Compensation

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