Free WorldatWork CECP Exam Questions

Become WorldatWork Certified with updated CECP exam questions and correct answers

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Total 101 Questions | Updated On: Mar 27, 2025

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Question 1

Regarding presentations to executives, which of the following is most accurate?

A : ep them brief

B : multiple media

C : clude all details related to the issue

D : ave backup data out of the presentation so there is time to develop an effective response to unexpected questions

Answer: A

Question 2

What best describes an effective core technique for communicating with executives?

A : cus on negative issues first, such as compensation costs exceeding budget, to get their attention

B : ovide a wide range of facts and figures. With their high level of responsibility, executives must have all the data before they can make informed decisions.

C : ume they have little knowledge of the issue and make a detailed presentation leading up to the purpose of the meeting.

D : commend a solution that will solve the issue and explain why it is the best solution available.

Answer: D

Question 3

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

A : venue minus cost of goods sold

B : penses plus taxes and depreciation

C : oss profit minus expenses

D : t of goods sold

Answer: A

Question 4

If employees have a significant impact on the bottom line, what type of pay mix is most appropriate?

A : A varying mix depending on employee influence on goals to provide the necessary incentive to maximize profits

B : 100% variable pay to motivate all employees to maximize productivity and sales

C : 90/10 for the majority of employees (base/variable) to share in the company's success with increased variable pay for management/executives to motivate employees to seek higher positions

D : gh base pay and low variable pay to ensure predictability of total compensation expense

Answer: A

Question 5

Regarding fixed and variable costs, what are Finance's primary concerns?

A : xed costs must be kept to a minimum, but variable costs can fluctuate since they tend to correlate with revenue.

B : riable costs often have a heavier focus than fixed costs, which applies to all areas, including compensation.

C : xed costs and variable costs are equally important and both should be kept to a minimum.

D : xed costs are not a concern because they cannot be changed, so the focus is primarily on variable costs.

Answer: B

Page: 1 / 21

Total 101 Questions | Updated On: Mar 27, 2025

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