Worldatwork CECP Exam Practice Test Instant Access

Question 1

Using efficient and cost-effective approaches to integrate technology into the workplace is most likely to do what?

AReduce compensation expense

BImprove program efficacy

CSelect the best vendors

DCompensate employees competitively

Answer : B

Question 2

How is the purpose of a non-profit organization typically communicated?

AExplained throughout the mission, vision, values and strategy

BImplied in the mission, vision and strategy and specifically explained on the organization's website

CReflected in the mission, vision, values and strategy although often not stated directly

DDocumented internally but not released to the public to protect trade secrets and maintain competitive advantage

Answer : C

Question 3

Cash compensation is a reward intended to provide what type of motivation?

AIntrinsic

BExtrinsic

Answer : B

Question 4

What challenge is most likely faced by a business with low market share and high growth potential?

AIts ability to generate profits is unknown.

BIt is in the worst market position and has insufficient resources to continue operations.

CIt is unclear how to best utilize the high cash flow to sustain growth.

DIts excess resources are often used to develop other businesses that may not be mission-critical.

Answer : A

Question 5

What is the term for the skills, technologies, applications and practices of continuous iterative exploration and investigation of past business performance used to gain insight and drive business planning?

ABusiness forecasting

BBusiness analytics

CPredictive modeling

DStatistical analysis

Answer : B

Question 6

What best describes the most effective approach for facilitating fact-based decisions?

AEnsuring support from all internal and external stakeholders

BEstimating results based on historical data

CUsing statistical methods to predict outcomes

DDetermining, sourcing and collecting appropriate data

Answer : D

Question 7

What is the top line or starting point of an organization's income?

AGross profit

BRevenue

CNet income

DOperating profit

Answer : B

Worldatwork Certified Executive Compensation Professional CECP Exam Practice Test