WorldatWork B1 Regulatory Environments for Benefits Programs Exam Practice Test

A technician who works a scheduled shift and performs tasks as assigned according to specifications.

A computer programmer who telecommutes, uses her own equipment and works for multiple employers

An accounts payable specialist who works at the company site utilizing an internal A/P system and pays vendors according to company procedures.

It remains the same.

It decreases because variable costs are increasing.

It increases at the same rate as variable costs.

It becomes increasingly higher as revenues increase.

The current value of holdings

The current value of holdings and how much it will grow over time at a given rate of return

The desired value in the future and what needs to be invested today to realize that amount

The difference between the desired value in the future and the current value as a percentage of the desired value

They are all reported on the balance sheet.

They are all sources of capital.

They all incur the same costs to the business.

Nothing. Each of these is a different financial metric.

Race

Religion

Sex

Age

The size of the employee's family

The employee's annual salary

The employee's health history

The employee's premium contributions   

To control annual fixed costs from base pay adjustments

To elevate employees who are below the midpoint in the range

To reward employees under short-term incentive plans

To make up for benefits not provided by the organization   

Additional quantitative analysis to determine whether pay rates are truly competitive or existing data are unreliable

Qualitative data collection to talk to key stakeholders and employees and determine whether the exit interviews accurately reflect their concerns

Qualitative data collection in the form of an employee survey with questions about employee satisfaction with pay levels

No additional data analysis is needed. Delta should increase pay rates based on the existing data to decrease turnover.

The most senior leader with the highest level of authority

No one person. Identify your stakeholders and work to achieve consensus among the majority.

Influencers and decision-makers who have the respect of employees and are both proponents and opponents of your objectives

Individuals with power in the organization who have the authority to overrule the concerns of opponents

Salary

Piece rate

Hourly rate

Commissions   

Hourly rate

Salary

Piece rate

Bonuses   

The male employees have substantially more education than the female employees.

All of the women have some professional certification or registration, whereas none of the men have comparable credentials.

The differential is due to the fact that the men have more seniority with the employer.

The women are all graduates of the most prestigious schools, and graduates from those schools command higher salaries.

Limiting spending to a fixed percentage of organizational revenue

Making choices about spending based on expectations of performance

Increasing profitability of the business annually to maximize shareholder/owner value

Complying with local legislation and maintaining accurate records to prepare financial reports and tax documents