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C3E Quantitative Principles in Compensation Management Questions and Answers

Questions 4

For the same problem set, what does the value 50 represent in the same equation? y = 15000 + 50x

Options:

A.

The monetary market-based pay increase associated with every additional point value in the job worth scale

B.

The ratio of the change in y-values relative to the change in x-values on the line of best fit

C.

The slope of the line

D.

All of the above

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Questions 5

In order to satisfy ordinal level data requirements, you must be able to do which of the following?

Options:

A.

Have a true zero

B.

Have a constant interval from point to point

C.

Be able to meaningfully arrange the data in rank order

D.

Be able to establish ratios

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Questions 6

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%

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Questions 7

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

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Questions 8

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

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Exam Code: C3E
Exam Name: Quantitative Principles in Compensation Management
Last Update: May 18, 2024
Questions: 54
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