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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

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

A) The employee's department head
B) The employee
C) The employee's manager
D) A concerned co-worker

2. Which of the following is a type of variable pay?

A) Salary
B) Piece rate
C) Hourly rate
D) Commissions

3. Which of the following is an example of a reasonable accommodation?

A) Creating a new position in the company
B) Job restructuring
C) Providing a pre-employment medical exam
D) Creating a separate area for the disabled employee to work

4. Which of the following are the two primary elements of benefits?

A) Unemployment and disability
B) Pay for time not worked and income protection programs
C) Defined contribution and defined benefits plans
D) Mental health coverage and health care coverage

5. Which of the following best describes present value?

A) The desired value in the future and what needs to be invested today to realize that amount
B) The difference between the desired value in the future and the current value as a percentage of the desired value
C) The current value of holdings
D) The current value of holdings and how much it will grow over time at a given rate of return

Solutions: