Pass the WorldatWork WorldatWork Other Certification C1 Questions and answers with CertsForce

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Questions # 21:

Gross margin is which of the following, as percent of revenue?

Options:

A.

Revenue minus cost of goods sold


B.

Expenses plus taxes and depreciation


C.

Gross profit minus expenses


D.

Cost of goods sold


Expert Solution
Questions # 22:

Which of the following statements best describes defined benefit (DB) plans?

Options:

A.

There is no promise of a specific benefit at retirement.


B.

Individual accounts must be maintained for each participant.


C.

They are often integrated with government-sponsored programs.


D.

Employees are at risk for financial resources.   


Expert Solution
Questions # 23:

Which one of the following should be included in a compensation guide for managers?

Options:

A.

Information on common management processes


B.

The consequences of various disciplinary measures


C.

Individual salary rates of employees in their department


Expert Solution
Questions # 24:

What is a primary objective of profit-sharing and performance-sharing variable pay plans?

Options:

A.

To achieve organizational cost savings through base pay reductions


B.

To increase employee identification with the organization's success


C.

To defer compensation expenses to future reporting periods


D.

To reward individual employees for some significant contribution   


Expert Solution
Questions # 25:

What information do EEO posters provide to employees?

Options:

A.

Various federal minimum wage rules


B.

Employee rights under the H-2A Program


C.

Laws and procedures for filing complaints


D.

Laws and rules for employee polygraph protection


Expert Solution
Questions # 26:

What do profits, equity and debt all have in common?

Options:

A.

They are all reported on the balance sheet.


B.

They are all sources of capital.


C.

They all incur the same costs to the business.


D.

Nothing. Each of these is a different financial metric.


Expert Solution
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