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NEW QUESTION # 34
Which government agency enforces the Sherman Antitrust Acton issues related to the workforce?
- A. Equal Employment Opportunity Commission
- B. Office of Federal Contract Compliance Programs
- C. National Labor Relations Board
- D. Department of Labor
Answer: D
NEW QUESTION # 35
What is the term for the skills, technologies, applications and practices of continuous iterative exploration and investigation of past business performance used to gain insight and drive business planning?
- A. Business analytics
- B. Predictive modeling
- C. Statistical analysis
- D. Business forecasting
Answer: A
NEW QUESTION # 36
If a company has a higher percentage of employees with fixed compensation than variable compensation, what happens as revenues increase?
- A. Compensation costs eventually decrease as a percent of revenue, increasing profit growth.
- B. Compensation costs eventually stabilize and become a consistent percent of revenue.
- C. Compensation costs remain the same as a percent of revenue until variable compensation costs exceed fixed compensation costs.
- D. Compensation costs and revenue increase at approximately the same rate.
Answer: A
NEW QUESTION # 37
When connecting with other business units, what best describes a reason why is it important to keep up to date on organizational challenges?
- A. Because you can demonstrate your understanding of issues from multiple perspectives
- B. Because stakeholders with diverse opinions tend to compromise when they are aware that others know their weaknesses
- C. Because you will be able to explain the negative consequences of opposing your position
- D. Because you will be more informed when differences of opinion occur, lending more credibility to your position
Answer: A
NEW QUESTION # 38
Which of the following is typically considered a health care benefit?
- A. Death benefits
- B. Defined contribution plan
- C. Defined benefit plan
- D. Vision plan
Answer: D
NEW QUESTION # 39
Which employees are covered by the National Labor Relations Act?
- A. Employee who work for companies that sell goods in various states
- B. City, state and federal government employees
- C. Airline and railroad employees
Answer: A
NEW QUESTION # 40
To qualify for the executive exemption from the minimum wage and overtime provisions of the FLSA, among other things what must an employee do?
- A. Devote less than 15% of his/her time to nonexempt work
- B. Perform work that is intellectual and varied
- C. Possess knowledge of an advanced type in business administration
- D. Customarily and regularly direct the work of at least two full-time employees
Answer: D
NEW QUESTION # 41
Which of the following statements best describes defined benefit (DB) plans?
- A. Individual accounts must be maintained for each participant.
- B. They are often integrated with government-sponsored programs.
- C. There is no promise of a specific benefit at retirement.
- D. Employees are at risk for financial resources.
Answer: B
NEW QUESTION # 42
What are usual, customary and reasonable charges (UCR)?
- A. The charges that are published annually in the Global Insurers' Medical Cost Comparison Guide
- B. The charges that an insurance carrier determines are normal for a particular medical procedure within a specific geographical area
- C. The charges that are allowable for any given medical procedure with no pre-treatment authorization
- D. The charges that are typically paid up front by a plan participant for services rendered.
Answer: B
NEW QUESTION # 43
To establish disparate treatment in violation of Title VII of the Civil Rights Act of 1964, an employee must prove that the employer intentionally maintains the pay disparity because the employee is a member of a protected class and which of the following?
- A. The employer maintains a wage disparity between employees who do unequal, but comparable work.
- B. He or she receives a lower wage than a co-worker of the opposite sex.
- C. He or she is paid less than employees who are not members of the same protected group.
Answer: C
NEW QUESTION # 44
Which of the following statements regarding the Worker Economic Opportunity Act is most accurate?
- A. Employees are not required to participate
- B. Employers must include stock profits in overtime calculations.
- C. Stock options may be granted at a 20% discount
- D. Employees must hold options for at least 3 months.
Answer: A
NEW QUESTION # 45
What statement is most accurate regarding compensation communications with employees at varying levels?
- A. They should be kept to a minimum for employees at all levels to maximize efficiency and efforts can be focused only on those who have questions.
- B. They tend to be fairly consistent because the elements of pay may differ, but the concerns are universal.
- C. They usually require more detail for senior employees regarding plan details and performance and the needs from one employee group to another can vary greatly.
- D. They generally require a greater degree of detail for lower level employees who have less of an understanding of pay plan design.
Answer: C
NEW QUESTION # 46
Who enforces Title VII of the Civil Rights Act of 1964?
- A. The National Civil Rights Commission
- B. The Equal Employment Opportunity Commission
- C. The Wage and Hour Division of the Department of Labor
- D. The Office of Federal Contract Compliance
Answer: B
NEW QUESTION # 47
Which of the following acts is focused on employers with service contracts with the government?
- A. Davis-Bacon Act
- B. McNamara-O'Hara Act
- C. National Labor Relations Act
- D. Sherman Antitrust Act
Answer: B
NEW QUESTION # 48
Regarding fixed and variable costs, what are Finance's primary concerns?
- A. Fixed costs are not a concern because they cannot be changed, so the focus is primarily on variable costs.
- B. Variable costs often have a heavier focus than fixed costs, which applies to all areas, including compensation.
- C. Fixed costs and variable costs are equally important and both should be kept to a minimum.
- D. Fixed costs must be kept to a minimum, but variable costs can fluctuate since they tend to correlate with revenue.
Answer: B
NEW QUESTION # 49
Which act does the Office of Federal Contract Compliance Programs (OFCCP) enforce?
- A. Age Discrimination in Employment Act
- B. Vocational Rehabilitation Act
- C. Civil Rights Act of 1991
- D. Americans with Disabilities Act
Answer: B
NEW QUESTION # 50
What happens to the marginal cost if revenue accelerates slower than variable costs but fixed costs remain the same?
- A. It remains the same.
- B. It increases at the same rate as variable costs.
- C. It becomes increasingly higher as revenues increase.
- D. It decreases because variable costs are increasing.
Answer: C
NEW QUESTION # 51
Regarding cost analysis of compensation expense, which job is most likely to incur fixed costs for the company?
- A. IT contractor
- B. Production worker
- C. Account executive
- D. HR Director
Answer: D
NEW QUESTION # 52
How do commissions typically differ from annual incentives for non-executive employees?
- A. They tend to make up the larger portion of an employee's total compensation.
- B. They are based on a predetermined performance and reward schedule.
- C. They are offered to motivate employee performance.
- D. They are intended to align the interests of the employee with those of the organization.
Answer: A
NEW QUESTION # 53
Which of the following best describes severance allowances?
- A. A portion of one's salary paid during reserve duty and military leave
- B. A practice of paying a lump sum to employees during a company shutdown
- C. A continuation of an employee's salary after termination
- D. A continuation of a portion of an employee's salary to a beneficiary after the death of an employee
Answer: C
NEW QUESTION # 54
Which type of base pay is typically based on an individual employee's rate of production?
- A. Hourly rate
- B. Piece rate
- C. Production rate
- D. Salary
Answer: B
NEW QUESTION # 55
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