WorldatWork Regulatory Environments for Compensation Programs - C1 Free Exam Questions

A. 50

B. 55

C. 45

D. 40

A. Compensation professionals should anticipate the level of the audience and tailor messages to their needs.

B. Compensation terms are well-known and easily understood by most stakeholders.

C. The ready availability of information online has made it unnecessary for compensation professionals to tailor messages since individuals can research terms and concepts after the fact if they don't understand a communication.

D. Compensation terms and practices are unclear to most individuals who do not work in this area and communication should be tailored to the least informed member of the target audience.

A. Out-of-pocket expenses

B. Deductible

C. Coordination of benefits

D. Coinsurance

A. Operating departments and HR understand the company must live within its means and Finance cannot allocate funds to a budget if it is likely that profitability will be adversely affected.

B. Operating departments view compensation as it applies to them, HR must balance available resources to attract, retain and motivate employees and Finance knows the value of a motivated workforce and will provide the budget necessary to achieve it.

C. Investors and Finance want to see money spent wisely. Legal must ensure compliance, and HR and operating departments want to see their needs taken into account to attract, retain and motivate a high quality workforce.

D. Investors want to maximize gains and want to see compensation tightly controlled and Legal needs to ensure that compensation plans do not attract undue scrutiny.

A. Individual performance

B. Market adjustment

C. Skills

D. Longevity

A. They are all sources of capital.

B. They are all reported on the balance sheet.

C. They all incur the same costs to the business.

D. Nothing. Each of these is a different financial metric.

A. At established dates and then every six months thereafter

B. At the anniversary date and at the annual merit increase date

C. Once when they move a step, and again when the step value changes

D. On January 1 and July 1 of each year

A. What the take-home pay will be

B. How the company sets compensation budgets

C. How their pay compares to co-workers

D. How the company makes pay decisions that affect them

A. A technician who works a scheduled shift and performs tasks as assigned according to specifications.

B. A computer programmer who telecommutes, uses her own equipment and works for multiple employers

C. An accounts payable specialist who works at the company site utilizing an internal A/P system and pays vendors according to company procedures.

A. 18 years of age

B. 16 years of age

C. 15 years of age

D. 14 years of age