WorldatWork C1 : Regulatory Environments for Compensation Programs

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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

Question 1

What is one reason that it is important to perform a periodic audit of processes and results?

A. It is required in determining increase budgets
B. It builds in a process of continuous improvement
C. It determines what information and data sources will be used in the audit
D. It is required by the Department of Labor

Question 2

Which of the following is an example of a reasonable accommodation?

A. Creating a new position in the company
B. Creating a separate area for the disabled employee to work
C. Job restructuring
D. Providing a pre-employment medical exam

Question 3

Which of the following is the best example of applying business acumen to data analysis?

A. Compiling data needed to calculate salary budgets and merit increases
B. Providing quarterly incentive estimates for accruals
C. Identifying trends and key messages emerging over time
D. Reviewing historical trends to complete annual budgets

Question 4

The XYZ Company opened a new manufacturing facility with a capital investment of 10,000,000. The cost to obtain the capital was 8%. In its first year of operations, the facility's net operating profit after taxes was
10,500,000. What was the economic value added (EVA) using the EVA formula?

A. 840,000
B. 8,000,000
C. 9,700,000
D. 500,000

Question 5

What best describes an effective core technique for communicating with executives?

A. Assume they have little knowledge of the issue and make a detailed presentation leading up to the purpose of the meeting.
B. Provide a wide range of facts and figures. With their high level of responsibility, executives must have all the data before they can make informed decisions.
C. Recommend a solution that will solve the issue and explain why it is the best solution available.
D. Focus on negative issues first, such as compensation costs exceeding budget, to get their attention

Solutions: