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C3E Sims & Worldatwork C3E Question Explanations - Quantitative Principles In Compensation Management - Royalholidayclubbed
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C3E PDF DEMO:
QUESTION NO: 1
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. They cannot be determined from the data given
B. 57,600; 86,400
C. 54,000; 90,000
D. 60,000; 84,000
Answer: B
QUESTION NO: 2
You need 15,000 in two years in order to take that long-awaited and much deserved vacation of your dreams.
You can earn 12% interest, compounded quarterly from your credit union. How much money do you need to set aside now?
A. 11,841.14
B. 10,058.25
C. 11,957.91
D. 12,802.36
Answer: A
QUESTION NO: 3
How can compensation professionals ensure their statistical data are not distorted?
A. Develop a plan that provides an objective approach to collecting, organizing and displaying data
B. Distortion of data is commonly accepted as a method for making compelling arguments for change in orgs.
C. Use statistical software, which prevents distortion of data.
D. Avoid training that shows how data can be distorted, as that training might cause one to distort data subconsciously.
Answer: A
QUESTION NO: 4
An executive is hired at 80,000/yr. His is guaranteed a 6,000 salary increase after 6 months.
What % increase is that?
A. 7.5%
B. 6.0%
C. 6.5%
D. 7.0%
Answer: A
QUESTION NO: 5
At 10% investment return, what would be in the same employee's account including investment earnings at the end of the year?
A. 5,940
B. 2,160
C. 8,640
D. 4,400
Answer: D
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Updated: May 27, 2022
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