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B1 - Regulatory Environments for Benefits Programs

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B1 Questions and Answers

Question # 1

Which of the following would most likely be considered a "repeated" violation of the FLSA?

A.

An employer who should have inquired further into whether its conduct was in compliance with the act and failed to do so.

B.

An employer that had a prior finding by the Labor Department, court or another tribunal with the authority to make such a finding

C.

An employer knowing its conduct was prohibited under the act or showing reckless disregard for the requirements of the act

D.

When the Labor Department has advised an employer that its actions were unlawful

Question # 2

The XYZ Company opened a new manufacturing facility with a capital investment of 10,000,000. The cost to obtain the capital was 8%. In its first year of operations, the facility’s net operating profit after taxes was 10,500,000. What was the economic value added (EVA) using the EVA formula?

A.

500,000

B.

840,000

C.

8,000,000

D.

9,700,000

Question # 3

Which of the following is a type of variable pay?

A.

Pay for time not worked

B.

Hourly pay

C.

Bonuses

D.

Piece rate   

WorldatWork Related Exam in MyExamCollection

The followings list WorldatWork Related in MyExamCollection, If you have other WorldatWork certifications you want added please contact us.

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    C2: Job Analysis, Documentation and Evaluation
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    Quantitative Principles in Compensation Management
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    T4:Strategic Communication in Total Rewards
  • T7 Exam
    International Financial Reporting Standards for Compensation Professionals Exam
  • C8 Exam
    Business Acumen for Compensation Professional
  • GR1 Exam
    Total Rewards Management Exam

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