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WorldatWork C1 Exam Syllabus Topics:

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

2. Gross margin is which of the following, as percent of revenue?

A) Gross profit minus expenses
B) Revenue minus cost of goods sold
C) Cost of goods sold
D) Expenses plus taxes and depreciation

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

A) Possess knowledge of an advanced type in business administration
B) Customarily and regularly direct the work of at least two full-time employees
C) Devote less than 15% of his/her time to nonexempt work
D) Perform work that is intellectual and varied

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

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

5. What is a primary objective of profit-sharing and performance-sharing variable pay plans?

A) To defer compensation expenses to future reporting periods
B) To achieve organizational cost savings through base pay reductions
C) To increase employee identification with the organization's success
D) To reward individual employees for some significant contribution

Solutions: