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Home WorldatWork C8

WorldatWork C8 Exam Practice Questions (P. 3)

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Question #11
What best describes a necessary skill and/or behavior in relation to business acumen?
  1. A
    An understanding of the culture and subcultures of your organization
  2. B
    The capacity to manage multiple projects and priorities and meet deadlines
  3. C
    A willingness to take on additional duties and responsibilities when resources are limited
  4. D
    A thorough understanding of the products and/or services your organization provides

Correct Answer:
A

Question #12
What is the most likely explanation for why compensation and rewards require a strong grasp of business acumen for compensation professionals?
  1. A
    Because the internal and external environments are constantly changing
  2. B
    Because the best interests of the organization take priority, which can lead to difficult decisions and implementation issues
  3. C
    Because they are emotional issues and stakeholders have many vested interests
  4. D
    Because strong business acumen is required for all compensation decisions

Correct Answer:
C

Question #13
What best describes an effective approach for balancing multiple priorities and perspectives regarding compensation?
  1. A
    Being firm and uncompromising in your decision-making
  2. B
    Representing your view with data and relating it to business results
  3. C
    Finding a compromise that may not appease all stakeholders but does not give any one group or person everything they are seeking
  4. D
    Giving priority to perspectives based on the job or influence level of the stakeholders

Correct Answer:
B

Question #14
What is the primary reason why a compensation professional working for a multinational company should understand regulatory requirements and application of rewards globally?
  1. A
    Because legal compliance with compensation-related regulations is the responsibility of the compensation department
  2. B
    Because the compensation professional has a fiduciary responsibility to ensure that the financial resources of their organization are spent in a prudent manner
  3. C
    Because it is possible to pay significantly less for talent in different countries and compensation should advise management on when and where to locate various jobs within the company
  4. D
    They shouldn't. Due to the complexities of global regulations and practices, compensation administration outside of the home country should be outsourced.

Correct Answer:
B

Question #15
You have been asked to develop a short-term incentive plan that motivates employees in business units to increase productivity. Your team has designed a plan that rewards managers and employees quarterly based on achievement against target on measures that should generate productivity increases that will self-fund the plan. When presenting the plan to senior management, what would be the best strategy to receive approval?
  1. A
    Demonstrate how it is aligned to the rewards philosophy, principles and organizational business strategy
  2. B
    Provide details on the plan design and measures and how they will be administered to employees at different levels
  3. C
    Make the case that a self-funded plan poses no risk to the organization while creating the potential for significant gains
  4. D
    Identify in advance the priorities of the various stakeholders and design your presentation to address any objections or perceptions they may have

Correct Answer:
A

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