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WorldatWork C1 Exam Syllabus Topics:

WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. What do working capital metrics evaluate?

A) The change in working capital over a specific period of time, typically one year
B) A company's efficiency in converting short-term capital into cash
C) The amount of cash needed to meet the company's short-term obligations
D) A company's mean capital expenditure per employee

2. What are usual, customary and reasonable charges (UCR)?

A) The charges that are allowable for any given medical procedure with no pre-treatment authorization
B) The charges that are published annually in the Global Insurers' Medical Cost Comparison Guide
C) The charges that are typically paid up front by a plan participant for services rendered.
D) The charges that an insurance carrier determines are normal for a particular medical procedure within a specific geographical area

3. What best describes a use of strategic analysis?

A) Understanding your business and its competitive strengths and weaknesses
B) Pricing your products appropriately
C) Forecasting profit, growth and investment performance to develop realistic budgets
D) Evaluating prior year performance for the narrative portion of annual financial reports

4. Which of the following is the earnings available to equity owners after paying debt and taxes?

A) EBIT
B) EPS
C) Operating profit
D) Net income

5. Which of the following scenarios best describes a contract worker?

A) A technician who works a scheduled shift and performs tasks as assigned according to specifications.
B) A computer programmer who telecommutes, uses her own equipment and works for multiple employers
C) An accounts payable specialist who works at the company site utilizing an internal A/P system and pays vendors according to company procedures.

Solutions: