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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. Who enforces Title VII of the Civil Rights Act of 1964?

A) The Equal Employment Opportunity Commission
B) The National Civil Rights Commission
C) The Wage and Hour Division of the Department of Labor
D) The Office of Federal Contract Compliance

2. Gross margin is which of the following, as percent of revenue?

A) Cost of goods sold
B) Revenue minus cost of goods sold
C) Expenses plus taxes and depreciation
D) Gross profit minus expenses

3. What do profits, equity and debt all have in common?

A) They all incur the same costs to the business.
B) Nothing. Each of these is a different financial metric.
C) They are all sources of capital.
D) They are all reported on the balance sheet.

4. Which of the following benefits are usually offered at the discretion of the employer?

A) Social security programs
B) Disability (occupational)
C) Retirement plans
D) Unemployment insurance

5. Which of the following scenarios best describes a contract worker?

A) A computer programmer who telecommutes, uses her own equipment and works for multiple employers
B) An accounts payable specialist who works at the company site utilizing an internal A/P system and pays vendors according to company procedures.
C) A technician who works a scheduled shift and performs tasks as assigned according to specifications.

Solutions: