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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. Upon which criterion are step increases typically based?

A) Skills
B) Longevity
C) Individual performance
D) Market adjustment

2. On what basis does the Equal Pay Act of 1963 prohibit an employer from discriminating in employee compensation programs?

A) Age
B) Sex
C) Race
D) Religion

3. To qualify for the executive exemption from the minimum wage and overtime provisions of the FLSA, among other things what must an employee do?

A) Possess knowledge of an advanced type in business administration
B) Devote less than 15% of his/her time to nonexempt work
C) Customarily and regularly direct the work of at least two full-time employees
D) Perform work that is intellectual and varied

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

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

5. Gross margin is which of the following, as percent of revenue?

A) Expenses plus taxes and depreciation
B) Revenue minus cost of goods sold
C) Gross profit minus expenses
D) Cost of goods sold

Solutions: