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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. Which one of the following practices will help to ensure proper documentation for compliance with legislation?

A) Use one survey source instead of several
B) Allow employees easy and unlimited access to documentation
C) Be consistent in procedures and completeness

2. What statement is most accurate regarding communication of compensation information?

A) Compensation terms are well-known and easily understood by most stakeholders.
B) The ready availability of information online has made it unnecessary for compensation professionals to tailor messages since individuals can research terms and concepts after the fact if they don't understand a communication.
C) Compensation professionals should anticipate the level of the audience and tailor messages to their needs.
D) Compensation terms and practices are unclear to most individuals who do not work in this area and communication should be tailored to the least informed member of the target audience.

3. Which of the following agencies enforces the FLSA?

A) Department of Labor
B) Office of Federal Contract Compliance Programs
C) National Labor Relations Board
D) Equal Employment Opportunity Commission

4. Which act does the Office of Federal Contract Compliance Programs (OFCCP) enforce?

A) Civil Rights Act of 1991
B) Americans with Disabilities Act
C) Age Discrimination in Employment Act
D) Vocational Rehabilitation Act

5. Which of the following statements best describes defined contribution (DC) plans?

A) They require complex actuarial calculations and assumptions.
B) They generally provide better benefits to employees with longer service.
C) The employee assumes the risk for the investments.
D) The benefit is based on a formula that considers pay and service.

Solutions: