WorldatWork Regulatory Environments for Compensation Programs : C1

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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. 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) Identifying trends and key messages emerging over time
C) Reviewing historical trends to complete annual budgets
D) Providing quarterly incentive estimates for accruals

2. On what basis does the Equal Pay Act of 1963 prohibit an employer from discriminating in employee compensation programs?

A) Sex
B) Race
C) Religion
D) Age

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

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

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

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

5. Which of the following best describes present value?

A) The current value of holdings
B) The current value of holdings and how much it will grow over time at a given rate of return
C) The desired value in the future and what needs to be invested today to realize that amount
D) The difference between the desired value in the future and the current value as a percentage of the desired value

Solutions: