WorldatWork WC-C8 Online Practice Questions and Exam Preparation

WorldatWork WC-C8 Online Questions & Answers

• Question 71:

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

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

• Question 72:

  What most accurately describes a reason why organizations use financial reports?

  A. To differentiate company financial data from industry competitors to prevent loss of proprietary information
  B. To provide subjective information to key constituents that reflects the company's performance in the most favorable manner depending on stakeholder priorities
  C. To create a historical record of financial performance and identify trends that may justify changes in strategy
  D. To promote consistency of communication regarding company performance and value
  D. To promote consistency of communication regarding company performance and value

• Question 73:

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

  A. They tend to be fairly consistent because the elements of pay may differ, but the concerns are universal.
  B. They generally require a greater degree of detail for lower level employees who have less of an understanding of pay plan design.
  C. 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.
  D. 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 usually require more detail for senior employees regarding plan details and performance and the needs from one employee group to another can vary greatly.

• Question 74:

  Regarding compensation communications with executives, where do they tend to need the greatest level of understanding?

  A. In the methods and processes used to make pay decisions
  B. In the details of their individual compensation packages
  C. In the overall program objectives
  D. In the differences in pay levels for the different levels of the organization
  C. In the overall program objectives

• Question 75:

  What do working capital metrics evaluate?

  A. The change in working capital over a specific period of time, typically one year
  B. A company's efficiency in converting short-term capital into cash
  C. A company's mean capital expenditure per employee
  D. The amount of cash needed to meet the company's short-term obligations
  B. A company's efficiency in converting short-term capital into cash

• Question 76:

  Which of the following is the best example of a variable cost?

  A. Audit fees
  B. Rent
  C. Maintenance
  D. Shipping
  D. Shipping

• Question 77:

  What is the term for the skills, technologies, applications and practices of continuous iterative exploration and investigation of past business performance used to gain insight and drive business planning?

  A. Business forecasting
  B. Business analytics
  C. Predictive modeling
  D. Statistical analysis
  B. Business analytics

• Question 78:

  What best describes a use of strategic analysis?

  A. Pricing your products appropriately
  B. Understanding your business and its competitive strengths and weaknesses
  C. Forecasting profit, growth and investment performance to develop realistic budgets
  D. Evaluating prior year performance for the narrative portion of annual financial reports
  B. Understanding your business and its competitive strengths and weaknesses