Worldatwork CECP Quiz 1 Topic 1 Questions 1-5

Question: 1

The XYZ Company produces innovative products and brings them to market in advance of their competitors. What strategy is XYZ using?

AOperational excellence

BProduct/service leadership

CCustomer intimacy

DBrand loyalty

Show Answer

Question: 2

Regarding key competencies for financial management, HR management and resource management, what sets top performers apart?

AThe level of formal education in each area

BThe ability to prioritize which is most critical in any given situation and allocate time and resources accordingly

CThe ability to tie them together, distill key messages and make impactful decisions

DEffective interpersonal and communication skills that can overshadow minor deficiencies in any one area

Show Answer

Question: 3

What is a primary purpose of pay grades or bands?

ATo identify a compensation range in which to group multiple jobs with similar value

BTo meet legal and regulatory requirements for classifying jobs according to market value

CTo provide documentation that supports termination decisions

DTo justify paying some employees less than market based on internal administrative limitations

Show Answer

Question: 4

What is the most accurate definition of organizational vision?

AA description of who the organization is, where it is headed and what it wants for the future

BA written explanation of the intention or purpose of the organization and why it is in business

CA statement of what kind of organization it wants to be and the guiding principles and/or beliefs shared by stakeholders

DA detailed account of the organization's goals, directions to achieve them and how it will compete

Show Answer

Question: 5

What best describes the two primary elements of compensation?

AFixed pay and variable pay

BBase pay and annual incentives

CDirect and indirect compensation

DSalary and hourly rate

Show Answer

Worldatwork CECP Quiz:1 Topic:1 Questions:1-5