WorldatWork C3 Exam Real Questions

Prepare and pass your Quantitative Principles in Compensation Management with free C3 exam questions.

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Total 55 Questions | Updated On: Oct 18, 2024

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Question 1

What type of regression model does the following equation suggest? y = a + b1x1

A : ltiple factor regression

B : nlinear regression

C : variate regression

D : rvilinear regression

Answer: C

Question 2

In positively skewed distributions, the mean is usually which of the following?

A : rger than the median

B : tween the median and the mode

C : aller than the median

D : ual to the median

Answer: A

Question 3

You have the following salary grades and midpoints. Your org wants to have a constant midpoint progression. What would be the midpoint percentage?

Grade 10 = Midpoint 2,000

Grade 11 = Midpoint 2,217

Grade 12 = Midpoint 2,456

Grade 13 = Midpoint 2,698

A : 8%

B : 9.6%

C : 10.5%

D : 11.7%

Answer: C

Question 4

On January 1 of last year, you had 1,000 emps. Dec 31 there was a 20% reduction in the workforce. By July of this year, you then increased your workforce by 20%. Do you now have 1,000 emps again? If not, how many?

A : , 1,000

B : ; 800 emps on 12/31, 960 in July

C : ; 800 emps on 12/31, 850 in July

D : t enough info to compute

Answer: B

Question 5

You need 15,000 in two years in order to take that long-awaited and much deserved vacation of your dreams. You can earn 12% interest, compounded quarterly from your credit union. How much money do you need to set aside now?

A : 10,058.25

B : 11,841.14

C : 11,957.91

D : 12,802.36

Answer: B

Page: 1 / 11

Total 55 Questions | Updated On: Oct 18, 2024

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