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Guide for WorldatWork-C8

Quiz WorldatWork-C8

10/78 Questions|Updated on 2022/11/04
Free Test
/ 10

Quiz

1/10
Argument2
Administering budgets is an example of what key competency for compensation professionals?
Select the answer
1 correct answer
A.
Financial Management
B.
HR Management
C.
Resource Management
D.
Policy Management

Quiz

2/10
Argument1
"Cost-benefit thinking” is most useful in the context of financial management for purposes of what?
Select the answer
1 correct answer
A.
Procurement
B.
Recruiting
C.
Setting priorities
D.
Plan administration

Quiz

3/10
Argument5
Assessment of current and future staffing needs should be based primarily on what?
Select the answer
1 correct answer
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

Quiz

4/10
Argument3
Regarding key competencies for financial management, HR management and resource management, what sets top performers apart?
Select the answer
1 correct answer
A.
The level of formal education in each area
B.
The ability to prioritize which is most critical in any given situation and allocate time and resources accordingly
C.
The ability to tie them together, distill key messages and make impactful decisions
D.
Effective interpersonal and communication skills that can overshadow minor deficiencies in any one area

Quiz

5/10
Argument4
What best describes a necessary skill and/or behavior in relation to business acumen?
Select the answer
1 correct answer
A.
An understanding of the culture and subcultures of your organization
B.
The capacity to manage multiple projects and priorities and meet deadlines
C.
A willingness to take on additional duties and responsibilities when resources are limited
D.
A thorough understanding of the products and/or services your organization provides

Quiz

6/10
Argument0
A fine jewelry chain distinguishes itself from the competition by focusing on carefully selected customers and building bonds to meet or exceed their needs and expectations. What strategy is this company using?
Select the answer
1 correct answer
A.
Operational excellence
B.
Product/service leadership
C.
Customer intimacy
D.
Brand loyalty

Quiz

7/10
Argument2
To ensure appropriate funding levels, the compensation professional must generally do which of the following?
Select the answer
1 correct answer
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

Quiz

8/10
Argument1
What do profits, equity and debt all have in common?
Select the answer
1 correct answer
A.
They are all reported on the balance sheet.
B.
They are all sources of capital.
C.
They all incur the same costs to the business.
D.
Nothing. Each of these is a different financial metric.

Quiz

9/10
Argument5
What is the most likely explanation for why compensation and rewards require a strong grasp of business acumen for compensation professionals?
Select the answer
1 correct answer
A.
Because the internal and external environments are constantly changing
B.
Because the best interests of the organization take priority, which can lead to difficult decisions and implementation issues
C.
Because they are emotional issues and stakeholders have many vested interests
D.
Because strong business acumen is required for all compensation decisions

Quiz

10/10
Argument3
What best describes a benefit of business acumen with regard to career development?
Select the answer
1 correct answer
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.
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Info quiz:

  • Quiz name:WorldatWork-C8
  • Total number of questions:78
  • Number of questions for the test:50
  • Pass score:80%

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