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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. 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) Statistical analysis
B) Predictive modeling
C) Business forecasting
D) Business analytics

2. 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 their pay compares to co-workers
C) How the company makes pay decisions that affect them
D) How the company sets compensation budgets

3. What is the most accurate statement regarding forecasting?

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

4. Regarding presentations to executives, which of the following is most accurate?

A) Leave backup data out of the presentation so there is time to develop an effective response to unexpected questions
B) Include all details related to the issue
C) Keep them brief
D) Use multiple media

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

A) 45
B) 40
C) 50
D) 55

Solutions: