Try and practice the latest WorldatWork : C1 real questions & answers

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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

Question 1

What is the most accurate statement regarding forecasting?

A. It uses internal and external factors to help answer questions about business expectations for the future.
B. It is a precise estimate of what the future holds for the organization.
C. It is done primarily by evaluating market conditions and economic indicators.
D. It is done primarily by using historical revenue and expense data.

Question 2

Which of the following is appropriate when an employee is required by the employer to attend training as a condition of employment?

A. Appropriate study time does not count as hours worked regardless of the educational level of the training program.
B. Only educational programs focused on remedial education (up to eighth grade) can be excluded from the 40-hr criteria for time and a half.
C. No training time is considered hours worked even if it is a condition of employment, since the employee is free to leave the company.
D. Even when the training is required, as long as the classes are outside working time and not on company property, they are not hours worked.

Question 3

What happens to the marginal cost if revenue accelerates slower than variable costs but fixed costs remain the same?

A. It decreases because variable costs are increasing.
B. It remains the same.
C. It becomes increasingly higher as revenues increase.
D. It increases at the same rate as variable costs.

Question 4

What type of equity incentive gives employees the right to purchase company shares at a specified price?

A. Performance units
B. Restricted stock/shares
C. Stock/share grants
D. Stock/share options

Question 5

The Delta Company has experienced increased turnover in the past two years. Data from exit interviews indicate that most of those leaving did so for better opportunities and higher compensation. If Delta pays at the highest percentile of the market for their peer group, what data analysis should they do?

A. Qualitative data collection in the form of an employee survey with questions about employee satisfaction with pay levels
B. Qualitative data collection to talk to key stakeholders and employees and determine whether the exit interviews accurately reflect their concerns
C. No additional data analysis is needed. Delta should increase pay rates based on the existing data to decrease turnover.
D. Additional quantitative analysis to determine whether pay rates are truly competitive or existing data are unreliable

Solutions: