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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?

A) Out-of-pocket expenses
B) Deductible
C) Coinsurance
D) Coordination of benefits

2. 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) Statistical analysis
C) Business analytics
D) Predictive modeling

3. What best describes what forecasting helps the organization to do?

A) Recognize possible issues and concerns that will drive budget planning
B) Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle
C) Withhold payroll taxes for all elements of compensation
D) Prepare quarterly and annual reports and their associated statements

4. Which government agency enforces the Sherman Antitrust Acton issues related to the workforce?

A) Equal Employment Opportunity Commission
B) Office of Federal Contract Compliance Programs
C) Department of Labor
D) National Labor Relations Board

5. Which of the following is the best example of a variable cost?

A) Maintenance
B) Audit fees
C) Rent
D) Shipping

Solutions: