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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?

A) Out-of-pocket expenses
B) Deductible
C) Coinsurance
D) Coordination of benefits

2. Internal process metrics are most useful in which of the following situations?

A) Determining employee satisfaction levels
B) Measuring the financial success of the business
C) Assessing how well the business is running
D) Evaluating customer perceptions of products or services

3. Which of the following is the earnings available to equity owners after paying debt and taxes?

A) Net income
B) EPS
C) EBIT
D) Operating profit

4. Which of the following scenarios best describes a contract worker?

A) A computer programmer who telecommutes, uses her own equipment and works for multiple employers
B) An accounts payable specialist who works at the company site utilizing an internal A/P system and pays vendors according to company procedures.
C) A technician who works a scheduled shift and performs tasks as assigned according to specifications.

5. What statement is most accurate regarding compensation communications with employees at varying levels?

A) They usually require more detail for senior employees regarding plan details and performance and the needs from one employee group to another can vary greatly.
B) They should be kept to a minimum for employees at all levels to maximize efficiency and efforts can be focused only on those who have questions.
C) They tend to be fairly consistent because the elements of pay may differ, but the concerns are universal.
D) They generally require a greater degree of detail for lower level employees who have less of an understanding of pay plan design.

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