WorldatWork WC-C8 Online Practice Questions and Exam Preparation

WorldatWork WC-C8 Online Questions & Answers

• Question 1:

  How do quarterly reports most commonly compare to the annual report?

  A. The cumulative information on the four quarterly reports adds up to the information on the annual report.
  B. The quarterly reports are more detailed. The annual report provides similar data in summary form.
  C. The annual report is required and the quarterly reports, while commonly used, are optional.
  D. The quarterly reports are not as detailed as annual reports, and might not match due to changing accounting estimates over the year.
  D. The quarterly reports are not as detailed as annual reports, and might not match due to changing accounting estimates over the year.

• Question 2:

  When connecting with other business units, what best describes a reason why is it important to keep up to date on organizational challenges?

  A. Because you will be more informed when differences of opinion occur, lending more credibility to your position
  B. Because you can demonstrate your understanding of issues from multiple perspectives
  C. Because you will be able to explain the negative consequences of opposing your position
  D. Because stakeholders with diverse opinions tend to compromise when they are aware that others know their weaknesses
  B. Because you can demonstrate your understanding of issues from multiple perspectives

• Question 3:

  Regarding cost analysis of compensation expense, which job is most likely to incur fixed costs for the company?

  A. Production worker
  B. Account executive
  C. IT contractor
  D. HR Director
  D. HR Director

• Question 4:

  What is the primary reason why a compensation professional working for a multinational company should understand regulatory requirements and application of rewards globally?

  A. Because legal compliance with compensation-related regulations is the responsibility of the compensation department
  B. Because the compensation professional has a fiduciary responsibility to ensure that the financial resources of their organization are spent in a prudent manner
  C. Because it is possible to pay significantly less for talent in different countries and compensation should advise management on when and where to locate various jobs within the company
  D. They shouldn't. Due to the complexities of global regulations and practices, compensation administration outside of the home country should be outsourced.
  B. Because the compensation professional has a fiduciary responsibility to ensure that the financial resources of their organization are spent in a prudent manner

• Question 5:

  If a company has a higher percentage of employees with fixed compensation than variable compensation, what happens as revenues increase?

  A. Compensation costs eventually stabilize and become a consistent percent of revenue.
  B. Compensation costs and revenue increase at approximately the same rate.
  C. Compensation costs eventually decrease as a percent of revenue, increasing profit growth.
  D. Compensation costs remain the same as a percent of revenue until variable compensation costs exceed fixed compensation costs.
  C. Compensation costs eventually decrease as a percent of revenue, increasing profit growth.

• Question 6:

  Using efficient and cost-effective approaches to integrate technology into the workplace is most likely to do what?

  A. Reduce compensation expense
  B. Improve program efficacy
  C. Select the best vendors
  D. Compensate employees competitively
  B. Improve program efficacy

• Question 7:

  The "return" represented by the Total Shareholder Return (TSR) metric is the increase in what?

  A. Earnings
  B. Shares
  C. Market capitalization
  D. Increased market value and reinvested dividends paid
  D. Increased market value and reinvested dividends paid

• Question 8:

  What best describes a benefit of business acumen with regard to career development?

  A. The ability to display confidence and decisiveness that will inspire others and make you a better leader
  B. A greater likelihood of promotion, especially when you are competing with individuals with more experience
  C. Increased marketability, which will lead to qualification for opportunities outside of human resources
  D. It is critical to your career development and a deficiency is very likely to hinder career advancement and success.
  A. The ability to display confidence and decisiveness that will inspire others and make you a better leader

• Question 9:

  Understanding basic organization design principles is an example of what key competency for compensation professionals?

  A. Financial Management
  B. HR Management
  C. Resource Management
  D. Policy Management
  B. HR Management

• Question 10:

  What best describes the most effective tactic for getting stakeholders' attention and buy-in?

  A. Ask them to review or provide feedback, especially on something you have done for them
  B. Talk to the individuals they report to in advance and gain their support so the stakeholders realize upper management already supports your position
  C. Schedule a meeting of all stakeholders and make a strong case that overcomes all of their objections
  D. Explain in precise terms to each stakeholder how your position is the most realistic approach to the issue or concern
  A. Ask them to review or provide feedback, especially on something you have done for them