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Guide for Worldatwork Quantitative Principles in Compensation Management

Quiz Worldatwork Quantitative Principles in Compensation Management

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/ 10

Quiz

1/10
At 10% investment return, what would be in the same employee's account including investment earnings at the end of the year?
Select the answer
1 correct answer
A.
2,160
B.
4,400
C.
5,940
D.
8,640

Quiz

2/10
Why do compensation professionals collect & use data?
Select the answer
1 correct answer
A.
To support personal agendas
B.
To respond to stock price volatility
C.
To improve changes of making sound decisions
D.
To replace the need for modeling

Quiz

3/10
A true, absolute zero exists for which level of measurement?
Select the answer
1 correct answer
A.
Nominal
B.
Ordinal
C.
Interval
D.
Ratio

Quiz

4/10
Salary is an example of which level of measurement?
Select the answer
1 correct answer
A.
Nominal
B.
Ordinal
C.
Interval
D.
Ratio

Quiz

5/10
In order to satisfy ordinal level data requirements, you must be able to do which of the following? https://www.validexamdumps.com/C3E.html
Select the answer
1 correct answer
A.
Have a true zero
B.
Have a constant interval from point to point
C.
Be able to meaningfully arrange the data in rank order
D.
Be able to establish ratios

Quiz

6/10
Rating employee performance on a five-point scale is most likely an example of which level of measurement?
Select the answer
1 correct answer
A.
Nominal
B.
Ordinal
C.
Interval
D.
Ratio

Quiz

7/10
You spent 30% of your budget on merit increases three years ago, 35% two years ago, and 40% last year. When was the most money spent on merit increases?
Select the answer
1 correct answer
A.
Three years ago
B.
Two years ago
C.
Last year
D.
It cannot be determined based upon the information given.

Quiz

8/10
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?
Select the answer
1 correct answer
A.
.17
B.
.83
C.
1.20
D.
.80

Quiz

9/10
If you earn 50,000 per year and your co-worker in the same job earns 60,000, what percent https://www.validexamdumps.com/C3E.html adjustment do you need to equal your co-worker?
Select the answer
1 correct answer
A.
18%
B.
20%
C.
10%
D.
80%

Quiz

10/10
You have obtained a set of market data that show you senior MIS manager has a market average of 72,000. If you have a 50% range spread, what would the new minimum and maximum be if the new midpoint is 72,000?
Select the answer
1 correct answer
A.
54,000; 90,000
B.
57,600; 86,400
C.
60,000; 84,000
D.
They cannot be determined from the data given
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  • Quiz name:Worldatwork Quantitative Principles in Compensation Management
  • Total number of questions:54
  • Number of questions for the test:50
  • Pass score:80%

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