WorldatWork Regulatory Environments for Compensation Programs : C1 Exam Questions

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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. What is the term for the skills, technologies, applications and practices of continuous iterative exploration and investigation of past business performance used to gain insight and drive business planning?

A) Predictive modeling
B) Statistical analysis
C) Business analytics
D) Business forecasting

2. What is a primary objective of profit-sharing and performance-sharing variable pay plans?

A) To increase employee identification with the organization's success
B) To reward individual employees for some significant contribution
C) To defer compensation expenses to future reporting periods
D) To achieve organizational cost savings through base pay reductions

3. Which of the following acts is focused on employers with construction contracts with the government?

A) Sherman Antitrust Act
B) Davis-Bacon Act
C) McNamara-O'Hara Act
D) National Labor Relations Act

4. Regarding fixed and variable costs, what are Finance's primary concerns?

A) Fixed costs are not a concern because they cannot be changed, so the focus is primarily on variable costs.
B) Fixed costs must be kept to a minimum, but variable costs can fluctuate since they tend to correlate with revenue.
C) Variable costs often have a heavier focus than fixed costs, which applies to all areas, including compensation.
D) Fixed costs and variable costs are equally important and both should be kept to a minimum.

5. How are the compensation communication needs of managers different from those of individual employees?

A) They have more duties and responsibilities and are less likely to have the time to discuss compensation issues.
B) They tend to have more influence, so it is important to resolve any concerns they have quickly and efficiently.
C) They are also responsible for merit increases, incentives and hiring so they have greater information needs.
D) They aren't. Managers are concerned about their compensation also.

Solutions: