Free Access WorldatWork.CECP.v2022-06-21.q36 Practice Test (Page 3)

Question 6

Step-rate increase programs provide employees the opportunity to receive two regular pay increases at which points?

A.At the anniversary date and at the annual merit increase date

B.On January 1 and July 1 of each year

C.Once when they move a step, and again when the step value changes

D.At established dates and then every six months thereafter

Question 7

When trying to achieve compromise and collaboration to achieve your goals, on which stakeholder(s) should you focus most of your efforts?

A.The most senior leader with the highest level of authority

B.No one person. Identify your stakeholders and work to achieve consensus among the majority.

C.Individuals with power in the organization who have the authority to overrule the concerns of opponents

D.Influencers and decision-makers who have the respect of employees and are both proponents and opponents of your objectives

Question 8

What happens to the marginal cost if revenue accelerates slower than variable costs but fixed costs remain the same?

A.It decreases because variable costs are increasing.

B.It increases at the same rate as variable costs.

C.It becomes increasingly higher as revenues increase.

D.It remains the same.

Question 9

Assessment of current and future staffing needs should be based primarily on what?

A.A combination of organizational goals and budget realities

B.Compensation budgets only because staffing cannot exceed the funds available

C.The opinions of senior leaders in the organization

D.The consensus of HR management and line management estimates

Question 10

Which financial statement or combination of statements provide(s) the most comprehensive view of the company's financial situation?

A.The income statement

B.The balance sheet

C.The cash flow statement, along with the balance sheet and income statement

D.The cash flow statement and the income statement

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