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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:
1. What do profits, equity and debt all have in common?
A) Nothing. Each of these is a different financial metric.
B) They are all reported on the balance sheet.
C) They are all sources of capital.
D) They all incur the same costs to the business.
2. Until what age does the FLSA limit the number of hours of nonhazardous work? (...as long as the overtime pay provisions are met)
A) 18 years of age
B) 14 years of age
C) 16 years of age
D) 15 years of age
3. How are the compensation communication needs of managers different from those of individual employees?
A) They are also responsible for merit increases, incentives and hiring so they have greater information needs.
B) They have more duties and responsibilities and are less likely to have the time to discuss compensation issues.
C) They tend to have more influence, so it is important to resolve any concerns they have quickly and efficiently.
D) They aren't. Managers are concerned about their compensation also.
4. 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) Coinsurance
B) Coordination of benefits
C) Deductible
D) Out-of-pocket expenses
5. Which of the following acts is focused on employers with service contracts with the government?
A) Davis-Bacon Act
B) National Labor Relations Act
C) McNamara-O'Hara Act
D) Sherman Antitrust Act
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: C |


