Free Access WorldatWork.CECP.v2022-06-21.q36 Practice Test (Page 8)

Question 31

What best describes the most effective approach for facilitating fact-based decisions?

A.Using statistical methods to predict outcomes

B.Ensuring support from all internal and external stakeholders

C.Determining, sourcing and collecting appropriate data

D.Estimating results based on historical data

Question 32

The "Value Store" retail company offers its customers low prices and ease of purchase by minimizing waste and striving for high efficiency. What strategy is the "Value Store" using?

A.Brand loyalty

B.Customer intimacy

C.Operational excellence

D.Product/service leadership

Question 33

Regarding fixed and variable costs, what tends to happen as revenue increases?

A.Fixed costs remain the same and consume a lower percent of revenue

B.Variable costs increase and consume a higher percent of revenue

C.Variable costs decrease

D.Fixed costs decrease

Question 34

How is the purpose of a non-profit organization typically communicated?

A.Documented internally but not released to the public to protect trade secrets and maintain competitive advantage

B.Implied in the mission, vision and strategy and specifically explained on the organization's website

C.Explained throughout the mission, vision, values and strategy

D.Reflected in the mission, vision, values and strategy although often not stated directly

Question 35

What best defines the organization's purpose or reason for existence?

A.The corporate vision

B.The business strategy

C.The corporate mission

D.The compensation strategy

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Question 31

Question 32

Question 33

Question 34

Question 35

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