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Quantitative Principles in Compensation Management

Last Update May 6, 2024
Total Questions : 54

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Quantitative Principles in Compensation Management Questions and Answers

Questions 1

Makayla's salary has grown at a rate of 7.3% per year for the past six years. If her increases remain the same, how long will her salary take to double?

Options:

A.

9.86 years

B.

10.42 years

C.

13.20 years

D.

27.10 years

Questions 2

Why do compensation professionals collect & use data?

Options:

A.

To support personal agendas

B.

To respond to stock price volatility

C.

To improve changes of making sound decisions

D.

To replace the need for modeling

Questions 3

If you earn 50,000 per year and your co-worker in the same job earns 60,000, what percent adjustment do you need to equal your co-worker?

Options:

A.

18%

B.

20%

C.

10%

D.

80%

Next Question