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WorldatWork C1 Regulatory Environments for Compensation Programs Exam Practice Test

Demo: 13 questions
Total 89 questions
Get C1 Full Access Download C1 PDF

Regulatory Environments for Compensation Programs Questions and Answers

Question 1

Which of the following might be an example of the influence of the Americans with Disabilities Act on compensation?

Options:

A.

Job descriptions must be written to ensure they cover the critical functions of the job

B.

Companies should determine pay based on physical skills

C.

Companies must conduct pre-employment medical exams on all new employees

D.

Special promotion requirements must be developed for the disabled employee

Question 2

The Alpha company ships an order to a customer on March 1st and invoices the customer for the product with the shipment, with payment terms of net 30 days. The customer’s payment is received on April 5th. The payment clears the bank and shows on Alpha’s account on April 8th. If Alpha is using accrual accounting, when does it record the revenue for this sale?

Options:

A.

March 1st

B.

March 31st

C.

April 5th

D.

April 8th

Question 3

Which of the following is a type of variable pay?

Options:

A.

Salary

B.

Piece rate

C.

Hourly rate

D.

Commissions   

Question 4

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

Options:

A.

It is required by the Department of Labor

B.

It is required in determining increase budgets

C.

It determines what information and data sources will be used in the audit

D.

It builds in a process of continuous improvement

Question 5

What is the most accurate statement regarding forecasting?

Options:

A.

It is a precise estimate of what the future holds for the organization.

B.

It is done primarily by using historical revenue and expense data.

C.

It is done primarily by evaluating market conditions and economic indicators.

D.

It uses internal and external factors to help answer questions about business expectations for the future.

Question 6

Who enforces Title VII of the Civil Rights Act of 1964?

Options:

A.

The Equal Employment Opportunity Commission

B.

The Wage and Hour Division of the Department of Labor

C.

The National Civil Rights Commission

D.

The Office of Federal Contract Compliance

Question 7

To qualify for the executive exemption from the minimum wage and overtime provisions of the FLSA, among other things what must an employee do?

Options:

A.

Customarily and regularly direct the work of at least two full-time employees

B.

Perform work that is intellectual and varied

C.

Devote less than 15% of his/her time to nonexempt work

D.

Possess knowledge of an advanced type in business administration

Question 8

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?

Options:

A.

Business forecasting

B.

Business analytics

C.

Predictive modeling

D.

Statistical analysis

Question 9

How do commissions typically differ from annual incentives for non-executive employees?

Options:

A.

They are based on a predetermined performance and reward schedule.

B.

They are offered to motivate employee performance.

C.

They are intended to align the interests of the employee with those of the organization.

D.

They tend to make up the larger portion of an employee's total compensation.   

Question 10

Which one of the following practices will help to ensure proper documentation for compliance with legislation?

Options:

A.

Allow employees easy and unlimited access to documentation

B.

Be consistent in procedures and completeness

C.

Use one survey source instead of several

Question 11

Which of the following acts redefines guidelines for disparate impact cases?

Options:

A.

Americans with Disabilities Act

B.

Vocational Rehabilitation Act

C.

Civil Rights Act of 1991

D.

Age Discrimination in Employment Act

Question 12

What is the minimum age for an individual to qualify for protection under the Age Discrimination in Employment Act?

Options:

A.

40

B.

45

C.

50

D.

55

Question 13

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

Options:

A.

Mental health coverage and health care coverage

B.

Pay for time not worked and income protection programs

C.

Unemployment and disability

D.

Defined contribution and defined benefits plans   

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Demo: 13 questions
Total 89 questions
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