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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. What do profits, equity and debt all have in common?

A) They are all reported on the balance sheet.
B) They are all sources of capital.
C) Nothing. Each of these is a different financial metric.
D) They all incur the same costs to the business.

2. What is the term for the skills, technologies, applications and practices of continuous iterative exploration and investigation of past business performance used to gain insight and drive business planning?

A) Business analytics
B) Statistical analysis
C) Predictive modeling
D) Business forecasting

3. Which of the following best describes present value?

A) The current value of holdings
B) The current value of holdings and how much it will grow over time at a given rate of return
C) The desired value in the future and what needs to be invested today to realize that amount
D) The difference between the desired value in the future and the current value as a percentage of the desired value

4. What best describes the most effective tactic for getting stakeholders' attention and buy-in?

A) Schedule a meeting of all stakeholders and make a strong case that overcomes all of their objections
B) Talk to the individuals they report to in advance and gain their support so the stakeholders realize upper management already supports your position
C) Explain in precise terms to each stakeholder how your position is the most realistic approach to the issue or concern
D) Ask them to review or provide feedback, especially on something you have done for them

5. Which of the following acts is focused on employers with service contracts with the government?

A) Sherman Antitrust Act
B) National Labor Relations Act
C) McNamara-O'Hara Act
D) Davis-Bacon Act

Solutions: