What is the most accurate definition of organizational vision?

• A.A statement of what kind of organization it wants to be and the guiding principles and/or beliefs shared by stakeholders
• B.A written explanation of the intention or purpose of the organization and why it is in business
• C.A description of who the organization is, where it is headed and what it wants for the future
• D.A detailed account of the organization's goals, directions to achieve them and how it will compete

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If employees have a significant impact on the bottom line, what type of pay mix is most appropriate?

• A.90/10 for the majority of employees (base/variable) to share in the company's success with increased variable pay for management/executives to motivate employees to seek higher positions
• B.A varying mix depending on employee influence on goals to provide the necessary incentive to maximize profits
• C.High base pay and low variable pay to ensure predictability of total compensation expense
• D.100% variable pay to motivate all employees to maximize productivity and sales

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Which of the following is primarily focused on giving special attention to employee actions, efforts, behavior or performance?

• A.Benefits
• B.Compensation
• C.Career opportunities
• D.Recognition

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What is the most accurate statement regarding forecasting?

• A.It is done primarily by evaluating market conditions and economic indicators.
• B.It uses internal and external factors to help answer questions about business expectations for the future.
• C.It is done primarily by using historical revenue and expense data.
• D.It is a precise estimate of what the future holds for the organization.

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Which of the following best describes the most likely perspectives of different groups in the organization that compensation professionals must be aware of?

• A.Investors want to maximize gains and want to see compensation tightly controlled and Legal needs to ensure that compensation plans do not attract undue scrutiny.
• B.Operating departments and HR understand the company must live within its means and Finance cannot allocate funds to a budget if it is likely that profitability will be adversely affected.
• C.Investors and Finance want to see money spent wisely. Legal must ensure compliance, and HR and operating departments want to see their needs taken into account to attract, retain and motivate a high quality workforce.
• D.Operating departments view compensation as it applies to them, HR must balance available resources to attract, retain and motivate employees and Finance knows the value of a motivated workforce and will provide the budget necessary to achieve it.

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