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WorldatWork C1 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Regulatory Framework | - Federal Compensation Laws
|
| Government and Labor Regulations | - Government Contract Requirements
|
| Compensation Program Administration | - Program Design Compliance
|
| Equal Employment and Pay Equity | - Compensation Dispute Prevention
|
WorldatWork Regulatory Environments for Compensation Programs Sample Questions:
1. Which statement is most accurate regarding the effect of taxation on the benefits that employers offer?
A) Taxation has no effect on employee benefits; employers offer benefits for competitive reasons only.
B) Taxation affects the level of benefits offered, the source of benefits and the employer/employee cost- sharing basis.
C) Taxation is the primary reason that employers offer benefits; in the absence of tax incentives, employers would be unlikely to offer them.
2. The Alpha company ships an order to a customer on March 1st and invoices the customer for the product with the shipment, with payment terms of net 30 days. The customer's payment is received on April 5th. The payment clears the bank and shows on Alpha's account on April 8th. If Alpha is using accrual accounting, when does it record the revenue for this sale?
A) April 8th
B) April 5th
C) March 31st
D) March 1st
3. On what basis does the Equal Pay Act of 1963 prohibit an employer from discriminating in employee compensation programs?
A) Religion
B) Sex
C) Age
D) Race
4. What best describes an effective core technique for communicating with executives?
A) Focus on negative issues first, such as compensation costs exceeding budget, to get their attention
B) Assume they have little knowledge of the issue and make a detailed presentation leading up to the purpose of the meeting.
C) Recommend a solution that will solve the issue and explain why it is the best solution available.
D) Provide a wide range of facts and figures. With their high level of responsibility, executives must have all the data before they can make informed decisions.
5. Which of the following acts is focused on employers with service contracts with the government?
A) Davis-Bacon Act
B) McNamara-O'Hara Act
C) National Labor Relations Act
D) Sherman Antitrust Act
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: B |
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