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WorldatWork C1 Exam Syllabus Topics:

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

2. Which of the following best describes a factor that has influenced the growth and change in benefits?

A) Decreasing costs are causing growth in the numbers of benefits employers offer.
B) Employees have longer career expectations.
C) Employees are expressing a greater desire for choice in their benefits.
D) There is a decreasing number of females in the workforce.

3. Which of the following statements regarding the Worker Economic Opportunity Act is most accurate?

A) Employees are not required to participate
B) Employees must hold options for at least 3 months.
C) Employers must include stock profits in overtime calculations.
D) Stock options may be granted at a 20% discount

4. On what basis does the Equal Pay Act of 1963 prohibit an employer from discriminating in employee compensation programs?

A) Religion
B) Sex
C) Race
D) Age

5. The Alpha company ships an order to a customer on March 1st and invoices the customer for the product with the shipment, with payment terms of net 30 days. The customer's payment is received on April 5th. The payment clears the bank and shows on Alpha's account on April 8th. If Alpha is using accrual accounting, when does it record the revenue for this sale?

A) March 1st
B) March 31st
C) April 5th
D) April 8th

Solutions: