Worldatwork CECP Exam Questions Instant Access

Question 1

Which of the following is the best definition of variable pay?

ACompensation that is given in the form of perquisites such as a company car, fitness membership, paid training, etc.

BCompensation that is nondiscretionary and does not vary according to performance or results

CCompensation that is contingent on discretion, performance or results

DCompensation that is determined by the organization's pay structure

Answer : C

Question 2

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

AGross profit

BRevenue

CNet income

DOperating profit

Answer : B

Question 3

''Cost-benefit thinking'' is most useful in the context of financial management for purposes of what?

AProcurement

BRecruiting

CSetting priorities

DPlan administration

Answer : C

Question 4

Which financial statement or combination of statements provide(s) the most comprehensive view of the company's financial situation?

AThe balance sheet

BThe income statement

CThe cash flow statement and the income statement

DThe cash flow statement, along with the balance sheet and income statement

Answer : D

Question 5

Information on the annual report shows results for what time period?

AThe calendar year from January 1 to December 31

BThe fiscal year, which matches the calendar year from January 1 to December 31

CThe fiscal year, which shows results from July 1 to June 30

DThe fiscal year, which may match the calendar year or may be a different 12-month period, depending on the company

Answer : D

Question 6

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

AIntrinsic

BExtrinsic

Answer : B

Question 7

Which of the following are the two primary elements of benefits?

AMental health coverage and health care coverage

BPay for time not worked and income protection programs

CUnemployment and disability

DDefined contribution and defined benefits plans

Answer : B

Worldatwork Certified Executive Compensation Professional CECP Exam Questions