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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. Which of the following is typically considered a health care benefit?

A) Vision plan
B) Death benefits
C) Defined benefit plan
D) Defined contribution plan

2. What type of pay increase is given when an organization finds that its compensation program is behind competitive market rates?

A) Cost of living
B) Merit
C) General
D) Automatic

3. What was the Bennett Amendment intended to do?

A) Prohibit gender-based discrimination
B) Eliminate the potential conflict between Title VII and EPA
C) Make the regulations covered under Title VII of the Civil Rights Act of 1964 more strict
D) Make it easier to enforce the Equal Pay Act

4. Which of the following acts is focused on employers with construction contracts with the government?

A) McNamara-O'Hara Act
B) National Labor Relations Act
C) Davis-Bacon Act
D) Sherman Antitrust Act

5. What do working capital metrics evaluate?

A) A company's mean capital expenditure per employee
B) The change in working capital over a specific period of time, typically one year
C) The amount of cash needed to meet the company's short-term obligations
D) A company's efficiency in converting short-term capital into cash

Solutions: