Online Access Free CECP Practice Test

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.Statistical analysis
• B.Business analytics
• C.Business forecasting
• D.Predictive modeling

If employees have a significant impact on the bottom line, what type of pay mix is most appropriate?

• A.90/10 for the majority of employees (base/variable) to share in the company's success with increased variable pay for management/executives to motivate employees to seek higher positions
• B.High base pay and low variable pay to ensure predictability of total compensation expense
• C.100% variable pay to motivate all employees to maximize productivity and sales
• D.A varying mix depending on employee influence on goals to provide the necessary incentive to maximize profits

What question is answered by the organization's mission statement?

• A.Why are we in business?
• B.What direction will we take?
• C.How do we work?
• D.How will we achieve our objectives?

Using efficient and cost-effective approaches to integrate technology into the workplace is an example of what key competency for compensation professionals?

• A.Financial Management
• B.Policy Management
• C.Resource Management
• D.HR Management

Regarding market position, a business with a high market share but low growth potential is typically referred to as what?

• A.A Cash Cow
• B.A Market Leader
• C.A Star
• D.A Question Mark