WorldatWork C1 : Regulatory Environments for Compensation Programs

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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. Which of the following best describes a form of base pay that is a fixed weekly, biweekly or monthly payment?

A) Piece rate
B) Salary
C) Bonuses
D) Hourly rate

2. What best describes what forecasting helps the organization to do?

A) Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle
B) Prepare quarterly and annual reports and their associated statements
C) Recognize possible issues and concerns that will drive budget planning
D) Withhold payroll taxes for all elements of compensation

3. As a general rule, what are individual contributors most likely to ask about their compensation?

A) What the take-home pay will be
B) How the company makes pay decisions that affect them
C) How the company sets compensation budgets
D) How their pay compares to co-workers

4. Which of the following scenarios best describes a contract worker?

A) A technician who works a scheduled shift and performs tasks as assigned according to specifications.
B) An accounts payable specialist who works at the company site utilizing an internal A/P system and pays vendors according to company procedures.
C) A computer programmer who telecommutes, uses her own equipment and works for multiple employers

5. On what basis does the Equal Pay Act of 1963 prohibit an employer from discriminating in employee compensation programs?

A) Sex
B) Age
C) Religion
D) Race

Solutions: