Bonus Reinforcement

Bonus Reinforcement

Professional Development

6 Qs

quiz-placeholder

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Bonus Reinforcement

Bonus Reinforcement

Assessment

Quiz

Business

Professional Development

Medium

Created by

Dani Davila

Used 1+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

The Personal Performance Bonus is paid to qualifying IBOs based on their personal sales volume (PV and BV). How often is the bonus paid?

Immediately after every customer purchase

Weekly

Monthly

Quarterly

Answer explanation

The Personal Performance Bonus is paid to qualifying IBOs based on their personal sales volume (PV and BV). How often is the bonus paid?

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Last month, Jim purchased 100PV/300BV in products for himself. He also sold 200 PV/600 BV in products to customers. What Bonus Bracket percentage will Jim's Personal Performance Bonus be based on for that month?

3%

6%

9%

12%

Answer explanation

Jim accumulated 300 pv points throughout the month, that equals 6% of the BV

3.

MULTIPLE SELECT QUESTION

45 sec • 3 pts

How do you make money on Amway?

Retail Margin

Bonus Payment

Discretionary Incentives

Buying Products

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Retail Margin

A discretionary incentive that rewards new IBOs for selling products to registered customers.

A performance bonus percentage that determines the percent of your monthly BV that you’ll get as a cash bonus.

The difference between retail price and the IBO cost. When you sell product at the retail price, you earn retail margin of 10%.

The number of points generated through each sale that count towards monthly bonuses.

5.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

PV and BV determine how much the products you sell will contribute towards bonuses and incentives. What do the terms PV and BV stand for?

Point Value and Business Volume

Point Value and Business Value

Point Volume and Business Value

Point Volume and Business Volume

6.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What is the Customer Sales Incentive?

A discretionary incentive that rewards IBOs for generating Verified Customer Sales.

A performance bonus percentage that determines the percent of your monthly BV that you’ll get as a cash bonus.

A recorded sale of product to customers through MyShop, your digital storefront, or through the Amway website at suggested retail price.

The number of points generated through each sale that count towards monthly bonuses.