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WorldatWork C3E Quantitative Principles in Compensation Management Exam Practice Test

Demo: 8 questions
Total 54 questions

Quantitative Principles in Compensation Management Questions and Answers

Question 1

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 2

Which of the following is true of distribution shapes for nominal data?

Options:

A.

They generally are normal distributions

B.

They are best represented skewed with a tail to the left

C.

Nominal data should be represented via pie charts only

D.

It might be most honest to simply list the categories in alphabetical order.

Question 3

A true, absolute zero exists for which level of measurement?

Options:

A.

Nominal

B.

Ordinal

C.

Interval

D.

Ratio

Question 4

What type of regression model does the following equation suggest? y = a + b1x1

Options:

A.

Multiple factor regression

B.

Nonlinear regression

C.

Bivariate regression

D.

Curvilinear regression

Question 5

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 6

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 7

If you earn 50,000 per year and your co-worker in the same job earns 60,000, what percent adjustment do you need to equal your co-worker?

Options:

A.

18%

B.

20%

C.

10%

D.

80%

Question 8

Rating employee performance on a five-point scale is most likely an example of which level of measurement?

Options:

A.

Nominal

B.

Ordinal

C.

Interval

D.

Ratio

Demo: 8 questions
Total 54 questions