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WorldatWork C3E Quantitative Principles in Compensation Management Exam Practice Test

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Total 54 questions

Quantitative Principles in Compensation Management Questions and Answers

Question 1

If the minimum is 2,000 and the desired range spread is 40%, what is the midpoint?

Options:

A.

2,000

B.

2,300

C.

2,400

D.

2,800

Question 2

In order to satisfy ordinal level data requirements, you must be able to do which of the following?

Options:

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

Question 3

What type of relationship does the following equation model? y = a + b1x1 + b2x2

Options:

A.

Nonlinear regression

B.

Straight line regression

C.

Multiple linear regression

D.

All of the above

Question 4

Which of the following should be used to determine the amount of interest earned on money over a specified period of time?

Options:

A.

Percent difference

B.

Percent adjustment

C.

Compound interest

D.

Compa-ratio

Question 5

You have been asked to comment on a proposed provision in the union contract. over the next 3 years, management proposes increases of 2%, 2.5%, 3% over the 3 year life of the contract. The union negotiator insists that it be 3%, 2.5%, 2.0%. Assuming the hourly rate for a job class is 12.50/hr., what is the rate in three years?

Options:

A.

It will be 13.46 after three years

B.

Management rate is higher

C.

Union rate is higher

D.

Cannot calculate

Question 6

For the same problem set, the market appears to be paying entry-level buyers 42,500. Approx how many job evaluation points should your entry-level buyer position be worth to your org, assuming the regression model provides a good fit, based solely on the linear model of y = 15000 + 50x?

Options:

A.

50

B.

15000

C.

500

D.

550

Question 7

Twelve percent of your workforce of 9,500 lives in France. How many people in your workforce live in France?

Options:

A.

962

B.

1,000

C.

1,140

D.

1,212

Question 8

Makayla's salary has grown at a rate of 7.3% per year for the past six years. If her increases remain the same, how long will her salary take to double?

Options:

A.

9.86 years

B.

10.42 years

C.

13.20 years

D.

27.10 years

Page: 1 / 5
Total 54 questions