Name: Certified Executive Compensation Professional Exam
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SKU: CECP
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Free Worldatwork CECP Exam Actual Questions

The questions for CECP were last updated On Dec 17, 2024

Question No. 1

What is the most likely explanation for why compensation and rewards require a strong grasp of business executive for compensation professionals?

ABecause the internal and external environments are constantly changing

BBecause the best interests of the organization take priority, which can lead to difficult decisions and implementation issues

CBecause they are emotional issues and stakeholders have many vested interests

DBecause strong business executive is required for all compensation decisions

Show Answer

Correct Answer: C

Question No. 2

Which of the following is a type of variable pay?

ASalary

BPiece rate

CHourly rate

DCommissions

Show Answer

Correct Answer: D

Question No. 3

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

AEnsuring support from all internal and external stakeholders

BEstimating results based on historical data

CUsing statistical methods to predict outcomes

DDetermining, sourcing and collecting appropriate data

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Correct Answer: D

Question No. 4

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

AMental health coverage and health care coverage

BPay for time not worked and income protection programs

CUnemployment and disability

DDefined contribution and defined benefits plans

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Correct Answer: B

Question No. 5

Quarterly financial reports typically include data for a given quarter compared to what?

AThe previous quarter

BThe budget

CThe same quarter in the previous year, plus the current six-month or nine-month cumulative comparables

DThe aggregate performance of the same quarter in the previous three years

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Correct Answer: C