Free WorldatWork C1 Exam Dumps Questions & Answers

Which of the following best describes severance allowances?

• A.A continuation of a portion of an employee's salary to a beneficiary after the death of an employee
• B.A continuation of an employee's salary after termination
• C.A portion of one's salary paid during reserve duty and military leave
• D.A practice of paying a lump sum to employees during a company shutdown

Your company has had a strong fiscal year with a 15% increase in net income over the prior fiscal year. Share prices are at an all time high. Working with Finance, you have arrived at a 2.5% merit increase budget for the next fiscal year, a smaller increase than the last fiscal year. Finance has indicated that some large capital expenditures will be needed next year, so the company needs to conserve resources. Additionally, Legal is in final negotiations on a lawsuit that may be very costly to the company. Word of the smaller increases has line management concerned that they will lose their best performers. Given all of these factors, what is your best course of action?

• A.Recommend a reduction in force to eliminate poor performers, which will increase the merit budget by reducing headcount
• B.Gather the perspectives of all stakeholders, analyze their individual concerns and meet to determine whether a compromise solution is possible
• C.Meet with Finance and make a case for a larger merit increase budget because the loss of key talent will cost more over the long term than the savings from the smaller merit increases
• D.Implement the merit increase budget as is because the anticipated financial obligations have made it necessary

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

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

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.Coordination of benefits
• B.Deductible
• C.Coinsurance
• D.Out-of-pocket expenses

On what basis does the Equal Pay Act of 1963 prohibit an employer from discriminating in employee compensation programs?

• A.Age
• B.Sex
• C.Religion
• D.Race