Worldatwork C3E Exam Questions Instant Access

Question 1

How can compensation professionals ensure their statistical data are not distorted?

AUse statistical software, which prevents distortion of data.

BDevelop a plan that provides an objective approach to collecting, organizing and displaying data

CAvoid training that shows how data can be distorted, as that training might cause one to distort data subconsciously.

DDistortion of data is commonly accepted as a method for making compelling arguments for change in orgs.

Answer : B

Question 2

If the midpoint is 2,000 and the desired range spread is 50%, what are the min and max values?

A1,500 min; 2,500 max

B1,600 min; 2,400 max

C1,700 min; 2,300 max

D1,750 min; 2,250 max

Answer : B

Question 3

For the same problem set, what should your organization pay for an entry-level production-manual editor, a job that has been determined to be worth 500 job evaluation points. y = 15000 + 50x

A50,000

B15,000

C25,000

D40,000

Answer : D

Question 4

You start with 1,800 in your savings account. You do not make any deposits or withdrawals and earn 10% interest, compounded quarterly. How much money will you have in your account after five years?

A1,149.51

B2,674.71

C2,898.92

D2,949.51

Answer : D

Question 5

Which of the following is a characteristic of a standard deviation?

AThe standard deviation is based on the middle portion of the data.

BThe standard deviation reflects the variation of values between two points.

CThe standard deviation uses all the data points from the data set in its calculation

DAt least 95% of the points in a data set will always be within +-2 standard deviations from the mean.

Answer : C

Question 6

You spent 30% of your budget on merit increases three years ago, 35% two years ago, and 40% last year. When was the most money spent on merit increases?

AThree years ago

BTwo years ago

CLast year

DIt cannot be determined based upon the information given.

Answer : D

Question 7

Which of the following provide useful guidelines for grouping data into categories?

AUse a constant width for all categories

BUse mutually exclusive categories

CDo not allow categories to overlap

DAll of the above

Answer : D

Worldatwork Quantitative Principles in Compensation Management C3E Exam Questions