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Quantitative Principles in Compensation Management

Last Update 20 hours ago Total Questions : 54

The Quantitative Principles in Compensation Management content is now fully updated, with all current exam questions added 20 hours ago. Deciding to include C3E practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our C3E exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these C3E sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Quantitative Principles in Compensation Management practice test comfortably within the allotted time.

Question # 1

Twelve percent of your workforce of 9,500 lives in France. How many people in your workforce live in France?

A.

962

B.

1,000

C.

1,140

D.

1,212

Question # 2

An executive is hired at 80,000/yr. His is guaranteed a 6,000 salary increase after 6 months. What % increase is that?

A.

6.0%

B.

6.5%

C.

7.0%

D.

7.5%

Question # 3

A survey shows the average pay for senior accounting clerks is 1,570/mth. Your midpoint for senior-accounting clerks is 1,670 and the average actual pay is 1,550. What is your compa-ratio for accounting clerks? What is your market index?

A.

.928 compa, .987 market

B.

.928 compa, 1.064 market

C.

.987 compa, 1.064 market

D.

.987 compa, 1.013 market

Question # 4

Suppose you were given the following data for salary grade 007: Min 4,800 Midpoint 6,000 Max 7,200

What is the salary range spread?

A.

35%

B.

37.5%

C.

40%

D.

50%

Question # 5

For the same problem set, the market appears to be paying entry-level buyers 42,500. Approx how many job evaluation points should your entry-level buyer position be worth to your org, assuming the regression model provides a good fit, based solely on the linear model of y = 15000 + 50x?

A.

50

B.

15000

C.

500

D.

550

Question # 6

Why do we sample?

A.

Because samples are more accurate than populations

B.

Because of the lack of time and money

C.

Because computers only work with sample data

D.

Because population data are unreliable

Question # 7

An employee earning 50,000 annually contributes 8% of his/her salary to a voluntary savings plan in the first year of participation. Excluding investment earnings, how much is in this employee's account at the end of the first year?

A.

2,000

B.

4,000

C.

5,500

D.

8,000

Question # 8

You have 660 hourly, 420 salaried non-management and 320 salaried management employees. What is the percentage of salaried non-management employees?

A.

23%

B.

30%

C.

45%

D.

47%

Question # 9

You have obtained a set of market data that show you senior MIS manager has a market average of 72,000. If you have a 50% range spread, what would the new minimum and maximum be if the new midpoint is 72,000?

A.

54,000; 90,000

B.

57,600; 86,400

C.

60,000; 84,000

D.

They cannot be determined from the data given

Question # 10

In positively skewed distributions, the mean is usually which of the following?

A.

Larger than the median

B.

Between the median and the mode

C.

Smaller than the median

D.

Equal to the median

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