WorldatWork Regulatory Environments for Compensation Programs : C1

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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

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

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

2. How does the Fair Labor Standards Act require employers to pay their nonexempt employees?

A) Double time for work on Saturday
B) Double time for time worked on Sunday
C) Time and a half for all hours worked over 40 in the workweek
D) Time and a half for all hours worked over 8 in the workday

3. What best describes a use of strategic analysis?

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

4. Which of the following combines traditionally segregated time off and leave programs into one policy covering a single block of time?

A) Severance allowances
B) Paid time off (PTO) bank
C) Sabbatical
D) Personal leave

5. 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) Perform work that is intellectual and varied
D) Devote less than 15% of his/her time to nonexempt work

Solutions: