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C1 Exam Dumps - Regulatory Environments for Compensation Programs

Question # 4

Which of the following would most likely be considered a "repeated" violation of the FLSA?

A.

An employer who should have inquired further into whether its conduct was in compliance with the act and failed to do so.

B.

An employer that had a prior finding by the Labor Department, court or another tribunal with the authority to make such a finding

C.

An employer knowing its conduct was prohibited under the act or showing reckless disregard for the requirements of the act

D.

When the Labor Department has advised an employer that its actions were unlawful

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Question # 5

When would an employee most likely receive a differential in addition to the regular hourly rate?

A.

When working in more than one department

B.

When working less time than his or her normal schedule

C.

When working in locations other than the corporate office

D.

When working a holiday or weekend   

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Question # 6

Which employees are covered by the National Labor Relations Act?

A.

City, state and federal government employees

B.

Airline and railroad employees

C.

Employee who work for companies that sell goods in various states

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Question # 7

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

A.

The Equal Employment Opportunity Commission

B.

The Wage and Hour Division of the Department of Labor

C.

The National Civil Rights Commission

D.

The Office of Federal Contract Compliance

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Question # 8

What is the most accurate statement regarding forecasting?

A.

It is a precise estimate of what the future holds for the organization.

B.

It is done primarily by using historical revenue and expense data.

C.

It is done primarily by evaluating market conditions and economic indicators.

D.

It uses internal and external factors to help answer questions about business expectations for the future.

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Question # 9

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.

Customarily and regularly direct the work of at least two full-time employees

B.

Perform work that is intellectual and varied

C.

Devote less than 15% of his/her time to nonexempt work

D.

Possess knowledge of an advanced type in business administration

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Question # 10

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 will be more informed when differences of opinion occur, lending more credibility to your position

B.

Because you can demonstrate your understanding of issues from multiple perspectives

C.

Because you will be able to explain the negative consequences of opposing your position

D.

Because stakeholders with diverse opinions tend to compromise when they are aware that others know their weaknesses

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Question # 11

Regarding fixed and variable costs, what are Finance’s primary concerns?

A.

Fixed costs must be kept to a minimum, but variable costs can fluctuate since they tend to correlate with revenue.

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 are not a concern because they cannot be changed, so the focus is primarily on variable costs.

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Question # 12

The Delta Company has experienced increased turnover in the past two years. Data from exit interviews indicate that most of those leaving did so for better opportunities and higher compensation. If Delta pays at the highest percentile of the market for their peer group, what data analysis should they do?

A.

Additional quantitative analysis to determine whether pay rates are truly competitive or existing data are unreliable

B.

Qualitative data collection to talk to key stakeholders and employees and determine whether the exit interviews accurately reflect their concerns

C.

Qualitative data collection in the form of an employee survey with questions about employee satisfaction with pay levels

D.

No additional data analysis is needed. Delta should increase pay rates based on the existing data to decrease turnover.

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Question # 13

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 decreases because variable costs are increasing.

C.

It increases at the same rate as variable costs.

D.

It becomes increasingly higher as revenues increase.

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