Free WorldatWork C1 Exam Dumps Questions & Answers

What is a primary objective of profit-sharing and performance-sharing variable pay plans?

• A.To reward individual employees for some significant contribution
• B.To defer compensation expenses to future reporting periods
• C.To achieve organizational cost savings through base pay reductions
• D.To increase employee identification with the organization's success

What statement is most accurate regarding compensation communications with employees at varying levels?

• A.They generally require a greater degree of detail for lower level employees who have less of an understanding of pay plan design.
• B.They usually require more detail for senior employees regarding plan details and performance and the needs from one employee group to another can vary greatly.
• C.They should be kept to a minimum for employees at all levels to maximize efficiency and efforts can be focused only on those who have questions.
• D.They tend to be fairly consistent because the elements of pay may differ, but the concerns are universal.

Which of the following statements best describes defined contribution (DC) plans?

• A.The employee assumes the risk for the investments.
• B.The benefit is based on a formula that considers pay and service.
• C.They generally provide better benefits to employees with longer service.
• D.They require complex actuarial calculations and assumptions.

Employer-sponsored death benefits are most commonly based on which of the following?

• A.The employee's annual salary
• B.The size of the employee's family
• C.The employee's premium contributions
• D.The employee's health history

What best describes what forecasting helps the organization to do?

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