C1 by WorldatWork Actual Free Exam Q&As

Question 1

Which of the following statements regarding the Worker Economic Opportunity Act is most accurate?

A. Stock options may be granted at a 20% discount B. Employers must include stock profits in overtime calculations. C. Employees are not required to participate D. Employees must hold options for at least 3 months.

Discussion 0

Correct Answer: C Vote an answer

Question 2

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

Discussion 0

Correct Answer: D Vote an answer

Question 3

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

Discussion 0

Correct Answer: C Vote an answer

Question 4

Which act does the Office of Federal Contract Compliance Programs (OFCCP) enforce?

A. Civil Rights Act of 1991 B. Age Discrimination in Employment Act C. Vocational Rehabilitation Act D. Americans with Disabilities Act

Discussion 0

Correct Answer: C Vote an answer

Question 5

Regarding fixed and variable costs, what tends to happen as revenue increases?

A. Fixed costs decrease B. Variable costs increase and consume a higher percent of revenue C. Fixed costs remain the same and consume a lower percent of revenue D. Variable costs decrease

Discussion 0

Correct Answer: C Vote an answer

Question 6

The Delta Company has experienced increased turnover in the past two years. Data from exit interviews indicate that most of those leaving did so for better opportunities and higher compensation. If Delta pays at the highest percentile of the market for their peer group, what data analysis should they do?

A. Qualitative data collection in the form of an employee survey with questions about employee satisfaction with pay levels B. No additional data analysis is needed. Delta should increase pay rates based on the existing data to decrease turnover. C. Additional quantitative analysis to determine whether pay rates are truly competitive or existing data are unreliable D. Qualitative data collection to talk to key stakeholders and employees and determine whether the exit interviews accurately reflect their concerns

Discussion 0

Correct Answer: D Vote an answer

Question 7

What is the most accurate statement regarding forecasting?

A. It is done primarily by evaluating market conditions and economic indicators. B. It is a precise estimate of what the future holds for the organization. C. It uses internal and external factors to help answer questions about business expectations for the future. D. It is done primarily by using historical revenue and expense data.

Discussion 0

Correct Answer: C Vote an answer

Question 8

What do profits, equity and debt all have in common?

A. Nothing. Each of these is a different financial metric. B. They are all reported on the balance sheet. C. They are all sources of capital. D. They all incur the same costs to the business.

Discussion 0

Correct Answer: C Vote an answer

Question 9

What happens to the marginal cost if revenue accelerates slower than variable costs but fixed costs remain the same?

A. It increases at the same rate as variable costs. B. It remains the same. C. It becomes increasingly higher as revenues increase. D. It decreases because variable costs are increasing.

Discussion 0

Correct Answer: C Vote an answer

Question 10

Which of the following is the earnings available to equity owners after paying debt and taxes?

A. EPS B. Net income C. Operating profit D. EBIT

Discussion 0

Correct Answer: B Vote an answer

WorldatWork Regulatory Environments for Compensation Programs - C1 Exam Practice Test