C3E by WorldatWork Valid Free Exam Practice Test

WorldatWork Quantitative Principles in Compensation Management - C3E Exam Practice Test

Question 1

What is the individual compa-ratio for an employee whose salary is 25,000 per year when the midpoint of the salary structure is 30,000?

A. .80 B. .83 C. .17 D. 1.20

Correct Answer: B

Question 2

What does a correlation of +1.0 indicate?

A. A positive intercept B. A negative slope C. A negative intercept D. A positive slope

Correct Answer: D

Question 3

George & Kevin agree to job share. George will work two 10-hour days and Kevin will work three 7-hour days. What percent of the total weekly hours is George going to work?

A. 48.8% B. 39.5% C. 51.2% D. 50%

Correct Answer: A

Question 4

What type of regression model does the following equation suggest? y = a + b1x1

A. Multiple factor regression B. Curvilinear regression C. Bivariate regression D. Nonlinear regression

Correct Answer: C

Question 5

You need 15,000 in two years in order to take that long-awaited and much deserved vacation of your dreams.
You can earn 12% interest, compounded quarterly from your credit union. How much money do you need to set aside now?

A. 11,841.14 B. 12,802.36 C. 10,058.25 D. 11,957.91

Correct Answer: A

Question 6

Why do compensation professionals collect & use data?

A. To improve changes of making sound decisions B. To support personal agendas C. To respond to stock price volatility D. To replace the need for modeling

Correct Answer: A