Online Access Free WorldatWork.CECP.v2022-03-01.q34 Practice Test (Page 3)

CECP Exam Question 6

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

A.Gross profit minus expenses

B.Expenses plus taxes and depreciation

C.Cost of goods sold

D.Revenue minus cost of goods sold

CECP Exam Question 7

How are the compensation communication needs of managers different from those of individual employees?

A.They are also responsible for merit increases, incentives and hiring so they have greater information needs.

B.They tend to have more influence, so it is important to resolve any concerns they have quickly and efficiently.

C.They have more duties and responsibilities and are less likely to have the time to discuss compensation issues.

D.They aren't. Managers are concerned about their compensation also.

CECP Exam Question 8

What best describes a use of strategic analysis?

A.Pricing your products appropriately

B.Forecasting profit, growth and investment performance to develop realistic budgets

C.Evaluating prior year performance for the narrative portion of annual financial reports

D.Understanding your business and its competitive strengths and weaknesses

CECP Exam Question 9

The Delta Company has experienced increased turnover in the past two years. Data from exit interviews indicate that most of those leaving did so for better opportunities and higher compensation. If Delta pays at the highest percentile of the market for their peer group, what data analysis should they do?

A.Additional quantitative analysis to determine whether pay rates are truly competitive or existing data are unreliable

B.Qualitative data collection in the form of an employee survey with questions about employee satisfaction with pay levels

C.Qualitative data collection to talk to key stakeholders and employees and determine whether the exit interviews accurately reflect their concerns

D.No additional data analysis is needed. Delta should increase pay rates based on the existing data to decrease turnover.

CECP Exam Question 10

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 differences in pay levels for the different levels of the organization

D.In the details of their individual compensation packages

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CECP Exam Question 6

CECP Exam Question 7

CECP Exam Question 8

CECP Exam Question 9

CECP Exam Question 10

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