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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. As a general rule, what are individual contributors most likely to ask about their compensation?

A) How their pay compares to co-workers
B) How the company sets compensation budgets
C) How the company makes pay decisions that affect them
D) What the take-home pay will be

2. When would an employee most likely receive a differential in addition to the regular hourly rate?

A) When working in locations other than the corporate office
B) When working a holiday or weekend
C) When working in more than one department
D) When working less time than his or her normal schedule

3. When trying to achieve compromise and collaboration to achieve your goals, on which stakeholder(s) should you focus most of your efforts?

A) Influencers and decision-makers who have the respect of employees and are both proponents and opponents of your objectives
B) Individuals with power in the organization who have the authority to overrule the concerns of opponents
C) No one person. Identify your stakeholders and work to achieve consensus among the majority.
D) The most senior leader with the highest level of authority

4. What happens to the marginal cost if revenue accelerates slower than variable costs but fixed costs remain the same?

A) It becomes increasingly higher as revenues increase.
B) It remains the same.
C) It increases at the same rate as variable costs.
D) It decreases because variable costs are increasing.

5. Which of the following are the two primary elements of benefits?

A) Pay for time not worked and income protection programs
B) Unemployment and disability
C) Mental health coverage and health care coverage
D) Defined contribution and defined benefits plans

Solutions: