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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

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

2. A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?

A) Out-of-pocket expenses
B) Coinsurance
C) Coordination of benefits
D) Deductible

3. What best describes a use of strategic analysis?

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

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

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

5. Which employees are covered by the National Labor Relations Act?

A) Employee who work for companies that sell goods in various states
B) City, state and federal government employees
C) Airline and railroad employees

Solutions: