Free Access WorldatWork.CECP.v2022-02-25.q35 Practice Test (Page 3)

Question 6

What information is found on the balance sheet?

A.The revenues and expenses incurred by an entity over a period of time

B.The change during the reporting period in cash and cash equivalents

C.A list of what is owned, what is owed and the equity of an entity

D.The profitability of the company as of a specific date

Question 7

Which of the following are the two primary elements of benefits?

A.Defined contribution and defined benefits plans

B.Unemployment and disability

C.Pay for time not worked and income protection programs

D.Mental health coverage and health care coverage

Question 8

Internal process metrics are most useful in which of the following situations?

A.Assessing how well the business is running

B.Determining employee satisfaction levels

C.Evaluating customer perceptions of products or services

D.Measuring the financial success of the business

Question 9

How do commissions typically differ from annual incentives for non-executive employees?

A.They are intended to align the interests of the employee with those of the organization.

B.They are offered to motivate employee performance.

C.They tend to make up the larger portion of an employee's total compensation.

D.They are based on a predetermined performance and reward schedule.

Question 10

The XYZ Company focuses on maintaining/increasing market share and its products tend to be more evolutionary than revolutionary. What stage of the business lifecycle is XYZ most likely in?

A.Mature

B.Start-up

C.Decline

D.Growth

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