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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:
1. Which of the following is appropriate when an employee is required by the employer to attend training as a condition of employment?
A) No training time is considered hours worked even if it is a condition of employment, since the employee is free to leave the company.
B) Appropriate study time does not count as hours worked regardless of the educational level of the training program.
C) Only educational programs focused on remedial education (up to eighth grade) can be excluded from the 40-hr criteria for time and a half.
D) Even when the training is required, as long as the classes are outside working time and not on company property, they are not hours worked.
2. On what basis does the Equal Pay Act of 1963 prohibit an employer from discriminating in employee compensation programs?
A) Religion
B) Sex
C) Race
D) Age
3. The "return" represented by the Total Shareholder Return (TSR) metric is the increase in what?
A) Increased market value and reinvested dividends paid
B) Market capitalization
C) Shares
D) Earnings
4. What best describes a use of strategic analysis?
A) Forecasting profit, growth and investment performance to develop realistic budgets
B) Evaluating prior year performance for the narrative portion of annual financial reports
C) Understanding your business and its competitive strengths and weaknesses
D) Pricing your products appropriately
5. Regarding medical plans, what is the out-of-pocket maximum?
A) The lifetime limit for benefits to any one employee
B) The maximum the plan will pay if the member is covered by another insurance plan
C) The most that the member will be liable for in relation to co-insurance
D) The limit the member will be required to pay at each doctor visit
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: C |



