CECP by WorldatWork Actual Free Exam Q&As

Question 1

What is a primary purpose of pay grades or bands?

A. To meet legal and regulatory requirements for classifying jobs according to market value B. To provide documentation that supports termination decisions C. To justify paying some employees less than market based on internal administrative limitations D. To identify a compensation range in which to group multiple jobs with similar value

Discussion 0

Correct Answer: D Vote an answer

Question 2

Which of the following are the two primary elements of benefits?

A. Pay for time not worked and income protection programs B. Unemployment and disability C. Mental health coverage and health care coverage D. Defined contribution and defined benefits plans

Discussion 0

Correct Answer: A Vote an answer

Question 3

Cash compensation is a reward intended to provide what type of motivation?

A. Extrinsic B. Intrinsic

Discussion 0

Correct Answer: A Vote an answer

Question 4

How do quarterly reports most commonly compare to the annual report?

A. The cumulative information on the four quarterly reports adds up to the information on the annual report. B. The annual report is required and the quarterly reports, while commonly used, are optional. C. The quarterly reports are not as detailed as annual reports, and might not match due to changing accounting estimates over the year. D. The quarterly reports are more detailed. The annual report provides similar data in summary form.

Discussion 0

Correct Answer: C Vote an answer

Question 5

What is the term for the skills, technologies, applications and practices of continuous iterative exploration and investigation of past business performance used to gain insight and drive business planning?

A. Business forecasting B. Business analytics C. Statistical analysis D. Predictive modeling

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Correct Answer: B Vote an answer

Question 6

When trying to achieve compromise and collaboration to achieve your goals, on which stakeholder(s) should you focus most of your efforts?

A. Individuals with power in the organization who have the authority to overrule the concerns of opponents B. The most senior leader with the highest level of authority C. Influencers and decision-makers who have the respect of employees and are both proponents and opponents of your objectives D. No one person. Identify your stakeholders and work to achieve consensus among the majority.

Discussion 0

Correct Answer: C Vote an answer

Question 7

Who are you most likely to hear from if there are questions about an employee's compensation?

A. The employee's department head B. A concerned co-worker C. The employee's manager D. The employee

Discussion 0

Correct Answer: C Vote an answer

Question 8

What challenge is most likely faced by a business with low market share and high growth potential?

A. Its excess resources are often used to develop other businesses that may not be mission-critical. B. Its ability to generate profits is unknown. C. It is in the worst market position and has insufficient resources to continue operations. D. It is unclear how to best utilize the high cash flow to sustain growth.

Discussion 0

Correct Answer: B Vote an answer

Question 9

What is the most accurate definition of organizational vision?

A. A written explanation of the intention or purpose of the organization and why it is in business B. A detailed account of the organization's goals, directions to achieve them and how it will compete C. A description of who the organization is, where it is headed and what it wants for the future D. A statement of what kind of organization it wants to be and the guiding principles and/or beliefs shared by stakeholders

Discussion 0

Correct Answer: C Vote an answer

Question 10

Administering budgets is an example of what key competency for compensation professionals?

A. Financial Management B. Policy Management C. Resource Management D. HR Management

Discussion 0

Correct Answer: A Vote an answer

WorldatWork Certified Executive Compensation Professional - CECP Exam Practice Test