WorldatWork Business Acumen for Compensation Professional - C8 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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

A. Implied in the mission, vision and strategy and specifically explained on the organization's website B. Explained throughout the mission, vision, values and strategy C. Reflected in the mission, vision, values and strategy although often not stated directly D. Documented internally but not released to the public to protect trade secrets and maintain competitive advantage

Discussion 0

Correct Answer: C Vote an answer

Question 2

What is the most accurate statement regarding the effect of compensation plans on the organization?

A. They have very little effect as long as they are managed effectively and efficiently B. They affect the organization's overall financial status and impact multiple stakeholders across most, if not all, business units C. Their success or failure is closely tied to the success or failure of organizationwide goals and objectives D. They typically have the greatest effect on net income and operating results of any organizational expense or program

Discussion 0

Correct Answer: B Vote an answer

Question 3

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?

A. Business forecasting B. Business analytics C. Predictive modeling D. Statistical analysis

Discussion 0

Correct Answer: B Vote an answer

Question 4

What choices are most commonly faced by companies in the decline phase of the business lifecycle?

A. Whether to reinvest in existing products, create new products or maximize profits with current products as long as possible B. Whether to increase sales, maximize distribution capacity or increase efficiency to meet growing demand C. Whether to improve productivity, obtain new operating capital or generate new sales growth D. Whether to acquire competitors with greater market share or merge with more successful companies

Discussion 0

Correct Answer: A Vote an answer

Question 5

What information is found on the balance sheet?

A. A list of what is owned, what is owed and the equity of an entity B. The change during the reporting period in cash and cash equivalents C. The revenues and expenses incurred by an entity over a period of time D. The profitability of the company as of a specific date

Discussion 0

Correct Answer: A Vote an answer

Question 6

The "return" represented by the Total Shareholder Return (TSR) metric is the increase in what?

A. Shares B. Market capitalization C. Earnings D. Increased market value and reinvested dividends paid

Discussion 0

Correct Answer: D Vote an answer

Question 7

You have been asked to develop a short-term incentive plan that motivates employees in business units to increase productivity. Your team has designed a plan that rewards managers and employees quarterly based on achievement against target on measures that should generate productivity increases that will self-fund the plan. When presenting the plan to senior management, what would be the best strategy to receive approval?

A. Provide details on the plan design and measures and how they will be administered to employees at different levels B. Demonstrate how it is aligned to the rewards philosophy, principles and organizational business strategy C. Identify in advance the priorities of the various stakeholders and design your presentation to address any objections or perceptions they may have D. Make the case that a self-funded plan poses no risk to the organization while creating the potential for significant gains

Discussion 0

Correct Answer: B Vote an answer

Question 8

The "Value Store" retail company offers its customers low prices and ease of purchase by minimizing waste and striving for high efficiency. What strategy is the "Value Store" using?

A. Operational excellence B. Customer intimacy C. Brand loyalty D. Product/service leadership

Discussion 0

Correct Answer: A Vote an answer