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NEW QUESTION # 52
Which of the following is the best example of a variable cost?
- A. Maintenance
- B. Rent
- C. Audit fees
- D. Shipping
Answer: D
NEW QUESTION # 53
What type of pay increase is given when an organization finds that its compensation program is behind competitive market rates?
- A. Automatic
- B. General
- C. Merit
- D. Cost of living
Answer: B
NEW QUESTION # 54
Which of the following is the best example of applying business acumen to data analysis?
- A. Compiling data needed to calculate salary budgets and merit increases
- B. Reviewing historical trends to complete annual budgets
- C. Identifying trends and key messages emerging over time
- D. Providing quarterly incentive estimates for accruals
Answer: C
NEW QUESTION # 55
Which of the following agencies enforces the FLSA?
- A. National Labor Relations Board
- B. Office of Federal Contract Compliance Programs
- C. Equal Employment Opportunity Commission
- D. Department of Labor
Answer: D
NEW QUESTION # 56
Which one of the following should be included in a compensation guide for managers?
- A. The consequences of various disciplinary measures
- B. Information on common management processes
- C. Individual salary rates of employees in their department
Answer: B
NEW QUESTION # 57
Regarding compensation communications with executives, where do they tend to need the greatest level of understanding?
- A. In the overall program objectives
- B. In the methods and processes used to make pay decisions
- C. In the details of their individual compensation packages
- D. In the differences in pay levels for the different levels of the organization
Answer: A
NEW QUESTION # 58
Which government agency enforces the Sherman Antitrust Acton issues related to the workforce?
- A. National Labor Relations Board
- B. Office of Federal Contract Compliance Programs
- C. Equal Employment Opportunity Commission
- D. Department of Labor
Answer: D
NEW QUESTION # 59
Gross margin is which of the following, as percent of revenue?
- A. Cost of goods sold
- B. Gross profit minus expenses
- C. Expenses plus taxes and depreciation
- D. Revenue minus cost of goods sold
Answer: D
NEW QUESTION # 60
Which of the following best describes a form of base pay that is a fixed weekly, biweekly or monthly payment?
- A. Hourly rate
- B. Piece rate
- C. Bonuses
- D. Salary
Answer: D
NEW QUESTION # 61
How are the compensation communication needs of managers different from those of individual employees?
- A. They tend to have more influence, so it is important to resolve any concerns they have quickly and efficiently.
- B. They have more duties and responsibilities and are less likely to have the time to discuss compensation issues.
- C. They are also responsible for merit increases, incentives and hiring so they have greater information needs.
- D. They aren't. Managers are concerned about their compensation also.
Answer: C
NEW QUESTION # 62
Which of the following is a type of variable pay?
- A. Commissions
- B. Hourly rate
- C. Piece rate
- D. Salary
Answer: A
NEW QUESTION # 63
Which of the following would most likely be considered a "repeated" violation of the FLSA?
- A. An employer that had a prior finding by the Labor Department, court or another tribunal with the authority to make such a finding
- B. When the Labor Department has advised an employer that its actions were unlawful
- C. An employer who should have inquired further into whether its conduct was in compliance with the act and failed to do so.
- D. An employer knowing its conduct was prohibited under the act or showing reckless disregard for the requirements of the act
Answer: A
NEW QUESTION # 64
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. Perform work that is intellectual and varied
- B. Possess knowledge of an advanced type in business administration
- C. Devote less than 15% of his/her time to nonexempt work
- D. Customarily and regularly direct the work of at least two full-time employees
Answer: D
NEW QUESTION # 65
Which of the following acts redefines guidelines for disparate impact cases?
- A. Americans with Disabilities Act
- B. Age Discrimination in Employment Act
- C. Vocational Rehabilitation Act
- D. Civil Rights Act of 1991
Answer: D
NEW QUESTION # 66
Which of the following best describes the most likely perspectives of different groups in the organization that compensation professionals must be aware of?
- A. Operating departments view compensation as it applies to them, HR must balance available resources to attract, retain and motivate employees and Finance knows the value of a motivated workforce and will provide the budget necessary to achieve it.
- B. Investors want to maximize gains and want to see compensation tightly controlled and Legal needs to ensure that compensation plans do not attract undue scrutiny.
- C. Investors and Finance want to see money spent wisely. Legal must ensure compliance, and HR and operating departments want to see their needs taken into account to attract, retain and motivate a high quality workforce.
- D. Operating departments and HR understand the company must live within its means and Finance cannot allocate funds to a budget if it is likely that profitability will be adversely affected.
Answer: C
NEW QUESTION # 67
When trying to achieve compromise and collaboration to achieve your goals, on which stakeholder(s) should you focus most of your efforts?
- A. The most senior leader with the highest level of authority
- B. No one person. Identify your stakeholders and work to achieve consensus among the majority.
- C. Individuals with power in the organization who have the authority to overrule the concerns of opponents
- D. Influencers and decision-makers who have the respect of employees and are both proponents and opponents of your objectives
Answer: D
NEW QUESTION # 68
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