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WorldatWork C3E Quantitative Principles in Compensation Management Exam Practice Test

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Total 54 questions

Quantitative Principles in Compensation Management Questions and Answers

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Question 1

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?

Options:

A.

39.5%

B.

50%

C.

48.8%

D.

51.2%

Question 2

You have been asked to comment on a proposed provision in the union contract. over the next 3 years, management proposes increases of 2%, 2.5%, 3% over the 3 year life of the contract. The union negotiator insists that it be 3%, 2.5%, 2.0%. Assuming the hourly rate for a job class is 12.50/hr., what is the rate in three years?

Options:

A.

It will be 13.46 after three years

B.

Management rate is higher

C.

Union rate is higher

D.

Cannot calculate

Question 3

Suppose your monthly pay is 3,000. The mean for all employees in your grade is 3,500, and the standard deviation is 200. What is your z-score relative to this group of employees?

Options:

A.

3.0

B.

2.5

C.

-2.5

D.

-3.0

Question 4

What is the median of the following data?

7, 17, 3, 19, 13, 9, 7

Options:

A.

7

B.

9

C.

13

D.

11

Question 5

You have been given the task of examining the effect of a pay-for-performance project on employee productivity. You have obtained a productivity rating score for all program participants. Which of the following best describes your data?

Options:

A.

The data represents a sample

B.

The data represent a population

C.

Productivity rating scores only produce nominal data

D.

Productivity rating scores always produce ratio data.

Question 6

What type of relationship does this equation model?

y = a + bx + cx2

Options:

A.

Nonlinear regression

B.

Straight line regression

C.

Bivariate regression

D.

All of the above

Question 7

Rating employee performance on a five-point scale is most likely an example of which level of measurement?

Options:

A.

Nominal

B.

Ordinal

C.

Interval

D.

Ratio

Question 8

Twelve percent of your workforce of 9,500 lives in France. How many people in your workforce live in France?

Options:

A.

962

B.

1,000

C.

1,140

D.

1,212

Page: 1 / 5
Total 54 questions