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C1 - Regulatory Environments for Compensation Programs

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C1 Questions and Answers

Question # 1

What is one reason that it is important to perform a periodic audit of processes and results?

A.

It is required by the Department of Labor

B.

It is required in determining increase budgets

C.

It determines what information and data sources will be used in the audit

D.

It builds in a process of continuous improvement

Question # 2

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

A.

Production worker

B.

Account executive

C.

IT contractor

D.

HR Director

Question # 3

Which of the following statements best describes defined contribution (DC) plans?

A.

They require complex actuarial calculations and assumptions.

B.

The benefit is based on a formula that considers pay and service.

C.

They generally provide better benefits to employees with longer service.

D.

The employee assumes the risk for the investments.   

WorldatWork Related Exam in MyExamCollection

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

  • C2 Exam
    C2: Job Analysis, Documentation and Evaluation
  • C3E Exam
    Quantitative Principles in Compensation Management
  • T4 Exam
    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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