Worldatwork C3E Quiz 1 Topic 3 Questions 1-5

Question: 1

Makayla's salary has grown at a rate of 7.3% per year for the past six years. If her increases remain the same, how long will her salary take to double?

A9.86 years

B10.42 years

C13.20 years

D27.10 years

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Question: 2

On January 1 of last year, you had 1,000 emps. Dec 31 there was a 20% reduction in the workforce. By July of this year, you then increased your workforce by 20%. Do you now have 1,000 emps again? If not, how many?

AYes, 1,000

BNo; 800 emps on 12/31, 960 in July

CNo; 800 emps on 12/31, 850 in July

DNot enough info to compute

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Question: 3

For the same problem set, what should your organization pay for an entry-level production-manual editor, a job that has been determined to be worth 500 job evaluation points. y = 15000 + 50x

A50,000

B15,000

C25,000

D40,000

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Question: 4

What are percentile bars?

AA tool to help visualize the distribution of data

BThe value that occurs most often among a data set

CRepresentations of the median salary in an organization's pay grades

DThe most common method of representing unweighted means

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Question: 5

How can compensation professionals ensure their statistical data are not distorted?

AUse statistical software, which prevents distortion of data.

BDevelop a plan that provides an objective approach to collecting, organizing and displaying data

CAvoid training that shows how data can be distorted, as that training might cause one to distort data subconsciously.

DDistortion of data is commonly accepted as a method for making compelling arguments for change in orgs.

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Worldatwork C3E Quiz:1 Topic:3 Questions:1-5