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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. Which of the following agencies enforces the FLSA?

A) National Labor Relations Board
B) Department of Labor
C) Office of Federal Contract Compliance Programs
D) Equal Employment Opportunity Commission

2. Which of the following is the best example of applying business acumen to data analysis?

A) Compiling data needed to calculate salary budgets and merit increases
B) Reviewing historical trends to complete annual budgets
C) Identifying trends and key messages emerging over time
D) Providing quarterly incentive estimates for accruals

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 difference between the desired value in the future and the current value as a percentage of the desired value
D) The desired value in the future and what needs to be invested today to realize that amount

4. Regarding cost analysis of compensation expense, which job is most likely to incur fixed costs for the company?

A) IT contractor
B) HR Director
C) Account executive
D) Production worker

5. Which of the following are the two primary elements of benefits?

A) Mental health coverage and health care coverage
B) Defined contribution and defined benefits plans
C) Unemployment and disability
D) Pay for time not worked and income protection programs

Solutions: