Worldatwork C3E Exam Questions Instant Access

Question 1

Which of the following should be used to determine the amount of interest earned on money over a specified period of time?

APercent difference

BPercent adjustment

CCompound interest

DCompa-ratio

Answer : C

Question 2

Salary is an example of which level of measurement?

ANominal

BOrdinal

CInterval

DRatio

Answer : D

Question 3

If the minimum is 2,000 and the desired range spread is 40%, what is the midpoint?

A2,000

B2,300

C2,400

D2,800

Answer : C

Question 4

You have 660 hourly, 420 salaried non-management and 320 salaried management employees. What is the percentage of salaried non-management employees?

A23%

B30%

C45%

D47%

Answer : B

Question 5

What is the mode for the following set of numbers?

15, 18, 13, 19, 25, 24, 26, 14, 25, 35, 12, 99, 54, 13, 22, 19, 13

A19

B26

C24

D13

Answer : D

Question 6

What are percentile bars?

AA tool to help visualize the distribution of data

BThe value that occurs most often among a data set

CRepresentations of the median salary in an organization's pay grades

DThe most common method of representing unweighted means

Answer : A

Question 7

For the same problem set, what does the value 50 represent in the same equation? y = 15000 + 50x

AThe monetary market-based pay increase associated with every additional point value in the job worth scale

BThe ratio of the change in y-values relative to the change in x-values on the line of best fit

CThe slope of the line

DAll of the above

Answer : D

Worldatwork Quantitative Principles in Compensation Management C3E Exam Questions