WorldatWork C1 Questions & Answers - in .pdf
- Vendor: WorldatWork
- Exam Code: C1
- Exam Name: Regulatory Environments for Compensation Programs
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- Vendor: WorldatWork
- Exam Code: C1
- Exam Name: Regulatory Environments for Compensation Programs
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.WorldatWork Regulatory Environments for Compensation Programs Sample Questions:
1. What do profits, equity and debt all have in common?
A) Nothing. Each of these is a different financial metric.
B) They all incur the same costs to the business.
C) They are all sources of capital.
D) They are all reported on the balance sheet.
2. Your company has had a strong fiscal year with a 15% increase in net income over the prior fiscal year. Share prices are at an all time high. Working with Finance, you have arrived at a 2.5% merit increase budget for the next fiscal year, a smaller increase than the last fiscal year. Finance has indicated that some large capital expenditures will be needed next year, so the company needs to conserve resources. Additionally, Legal is in final negotiations on a lawsuit that may be very costly to the company. Word of the smaller increases has line management concerned that they will lose their best performers. Given all of these factors, what is your best course of action?
A) Implement the merit increase budget as is because the anticipated financial obligations have made it necessary
B) Recommend a reduction in force to eliminate poor performers, which will increase the merit budget by reducing headcount
C) Meet with Finance and make a case for a larger merit increase budget because the loss of key talent will cost more over the long term than the savings from the smaller merit increases
D) Gather the perspectives of all stakeholders, analyze their individual concerns and meet to determine whether a compromise solution is possible
3. Employer-sponsored death benefits are most commonly based on which of the following?
A) The employee's premium contributions
B) The employee's annual salary
C) The employee's health history
D) The size of the employee's family
4. When would an employee most likely receive a differential in addition to the regular hourly rate?
A) When working a holiday or weekend
B) When working in locations other than the corporate office
C) When working in more than one department
D) When working less time than his or her normal schedule
5. Which of the following would most likely be considered a "repeated" violation of the FLSA?
A) An employer who should have inquired further into whether its conduct was in compliance with the act and failed to do so.
B) An employer knowing its conduct was prohibited under the act or showing reckless disregard for the requirements of the act
C) When the Labor Department has advised an employer that its actions were unlawful
D) An employer that had a prior finding by the Labor Department, court or another tribunal with the authority to make such a finding
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: D |
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