Summer Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: exc65

examout.co

How is the purpose of a non-profit organization typically communicated?

A.

Explained throughout the mission, vision, values and strategy

B.

Implied in the mission, vision and strategy and specifically explained on the organization’s website

C.

Reflected in the mission, vision, values and strategy although often not stated directly

D.

Documented internally but not released to the public to protect trade secrets and maintain competitive advantage

What is the most accurate statement regarding the effect of compensation plans on the organization?

A.

They typically have the greatest effect on net income and operating results of any organizational expense or program

B.

Their success or failure is closely tied to the success or failure of organizationwide goals and objectives

C.

They have very little effect as long as they are managed effectively and efficiently

D.

They affect the organization’s overall financial status and impact multiple stakeholders across most, if not all, business units

What information is found on the balance sheet?

A.

A list of what is owned, what is owed and the equity of an entity

B.

The revenues and expenses incurred by an entity over a period of time

C.

The change during the reporting period in cash and cash equivalents

D.

The profitability of the company as of a specific date

Which of the following best describes present value?

A.

The current value of holdings

B.

The current value of holdings and how much it will grow over time at a given rate of return

C.

The desired value in the future and what needs to be invested today to realize that amount

D.

The difference between the desired value in the future and the current value as a percentage of the desired value

What best describes a benefit of business acumen with regard to career development?

A.

The ability to display confidence and decisiveness that will inspire others and make you a better leader

B.

A greater likelihood of promotion, especially when you are competing with individuals with more experience

C.

Increased marketability, which will lead to qualification for opportunities outside of human resources

D.

It is critical to your career development and a deficiency is very likely to hinder career advancement and success.

Regarding cost analysis of compensation expense, which job is most likely to incur fixed costs for the company?

A.

Production worker

B.

Account executive

C.

IT contractor

D.

HR Director

What best describes the primary purpose of budgeting?

A.

Limiting spending to a fixed percentage of organizational revenue

B.

Making choices about spending based on expectations of performance

C.

Increasing profitability of the business annually to maximize shareholder/owner value

D.

Complying with local legislation and maintaining accurate records to prepare financial reports and tax documents

To ensure appropriate funding levels, the compensation professional must generally do which of the following?

A.

Possess a high level of education and competency in accounting principles

B.

Determine which programs are crucial to the enterprise and which programs are expendable

C.

Partner with multiple departments and external consultants and vendors

D.

Demonstrate broad understanding of principles of financial management and business expertise

The “return” represented by the Total Shareholder Return (TSR) metric is the increase in what?

A.

Earnings

B.

Shares

C.

Market capitalization

D.

Increased market value and reinvested dividends paid

In what stage of the business lifecycle do companies typically begin standardizing procedures through policy creation?

A.

Start-up

B.

Growth

C.

Mature

D.

Decline