WorldatWork Quantitative Principles in Compensation Management

QUESTION NO: 1
Which of the following provide useful guidelines for grouping data into categories?

A. All of the above B. Do not allow categories to overlap C. Use mutually exclusive categories D. Use a constant width for all categories

Correct Answer: A

QUESTION NO: 2
A survey shows the average pay for senior accounting clerks is 1,570/mth. Your midpoint for senior-accounting clerks is 1,670 and the average actual pay is 1,550. What is your compa-ratio for accounting clerks? What is your market index?

A. .987 compa, 1.064 market B. .928 compa, .987 market C. .928 compa, 1.064 market D. .987 compa, 1.013 market

Correct Answer: B

QUESTION NO: 3
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?

A. 15000 B. 50 C. 550 D. 500

Correct Answer: C

QUESTION NO: 4
Salary is an example of which level of measurement?

A. Interval B. Nominal C. Ratio D. Ordinal

Correct Answer: C

QUESTION NO: 5
On January 1 of last year, you had 1,000 emps. Dec 31 there was a 20% reduction in the workforce. By July of this year, you then increased your workforce by 20%. Do you now have 1,000 emps again? If not, how many?

A. No; 800 emps on 12/31, 960 in July B. Yes, 1,000 C. Not enough info to compute D. No; 800 emps on 12/31, 850 in July

Correct Answer: A

QUESTION NO: 6
George & Kevin agree to job share. George will work two 10-hour days and Kevin will work three 7-hour days. What percent of the total weekly hours is George going to work?

A. 50% B. 39.5% C. 51.2% D. 48.8%

Correct Answer: D

WorldatWork Quantitative Principles in Compensation Management - C3E Exam Questions