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

2. What best describes a use of strategic analysis?

A) Understanding your business and its competitive strengths and weaknesses
B) Pricing your products appropriately
C) Evaluating prior year performance for the narrative portion of annual financial reports
D) Forecasting profit, growth and investment performance to develop realistic budgets

3. 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) Use multiple media
C) Keep them brief
D) Include all details related to the issue

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

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

5. Employer-sponsored death benefits are most commonly based on which of the following?

A) The size of the employee's family
B) The employee's premium contributions
C) The employee's annual salary
D) The employee's health history

Solutions: