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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

Question 1

Employer-sponsored death benefits are most commonly based on which of the following?

A. The employee's health history
B. The size of the employee's family
C. The employee's annual salary
D. The employee's premium contributions

Question 2

What best describes the most effective tactic for getting stakeholders' attention and buy-in?

A. Schedule a meeting of all stakeholders and make a strong case that overcomes all of their objections
B. Ask them to review or provide feedback, especially on something you have done for them
C. Talk to the individuals they report to in advance and gain their support so the stakeholders realize upper management already supports your position
D. Explain in precise terms to each stakeholder how your position is the most realistic approach to the issue or concern

Question 3

Which of the following best describes the most likely perspectives of different groups in the organization that compensation professionals must be aware of?

A. 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.
B. 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.
C. 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.
D. 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.

Question 4

A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?

A. Coinsurance
B. Out-of-pocket expenses
C. Coordination of benefits
D. Deductible

Question 5

What best describes a use of strategic analysis?

A. Evaluating prior year performance for the narrative portion of annual financial reports
B. Understanding your business and its competitive strengths and weaknesses
C. Forecasting profit, growth and investment performance to develop realistic budgets
D. Pricing your products appropriately

Solutions: