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CECP - Certified Executive Compensation Professional Exam

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CECP Questions and Answers

Question # 1

Who are you most likely to hear from if there are questions about an employee’s compensation?

A.

The employee

B.

A concerned co-worker

C.

The employee’s manager

D.

The employee’s department head

Question # 2

What is a primary purpose of pay grades or bands?

A.

To identify a compensation range in which to group multiple jobs with similar value

B.

To meet legal and regulatory requirements for classifying jobs according to market value

C.

To provide documentation that supports termination decisions

D.

To justify paying some employees less than market based on internal administrative limitations   

Question # 3

The Alpha Company was once a strong company that commanded a high percentage of the market it operated in. In recent years, Alpha has been losing market share to competitors in its primary line of business and has been unable to find a competitive strategy to grow and return to profitability. Given its market position, how is Alpha most likely finding the monetary resources to continue operations?

A.

By using cash from other segments of the business

B.

By using its high credit rating from prior years to receive a line of credit until the strategy begins to work

C.

By selling its products and services at a loss until revenue increases and slowly raising prices until it begins to break even

D.

By identifying and duplicating the strategy used by its main competitor.

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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