WorldatWork C8 - Business Acumen for Compensation Professionals Exam
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Total 78 questions
Question #1 (Topic: Topic 1)
Administering budgets is an example of what key competency for compensation professionals?
A. Financial Management
B. HR Management
C. Resource Management
D. Policy Management
Answer: A
Question #2 (Topic: Topic 1)
ג€Cost-benefit thinkingג€ is most useful in the context of financial management for purposes of what?
A. Procurement
B. Recruiting
C. Setting priorities
D. Plan administration
Answer: C
Question #3 (Topic: Topic 1)
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
Answer: D
Question #4 (Topic: Topic 1)
Understanding basic organization design principles is an example of what key competency for compensation professionals?
A. Financial Management
B. HR Management
C. Resource Management
D. Policy Management
Answer: B
Question #5 (Topic: Topic 1)
Assessment of current and future staffing needs should be based primarily on what?
A. Compensation budgets only because staffing cannot exceed the funds available
B. A combination of organizational goals and budget realities
C. The consensus of HR management and line management estimates
D. The opinions of senior leaders in the organization
Answer: B
