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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. Which of the following best describes present value?

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

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

3. Regarding presentations to executives, which of the following is most accurate?

A) Keep them brief
B) Include all details related to the issue
C) Leave backup data out of the presentation so there is time to develop an effective response to unexpected questions
D) Use multiple media

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

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

5. Employer-sponsored death benefits are most commonly based on which of the following?

A) The employee's premium contributions
B) The size of the employee's family
C) The employee's health history
D) The employee's annual salary

Solutions: