Worldatwork c8 online test

Business Acumen for Compensation Professional Exam

What students need to know about the c8 exam

  • Total 78 Questions & Answers

Question 1

Administering budgets is an example of what key competency for compensation professionals?

  • A. Financial Management
  • B. HR Management
  • C. Resource Management
  • D. Policy Management
Answer:

A

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Question 2

“Cost-benefit thinking” is most useful in the context of financial management for purposes of what?

  • A. Procurement
  • B. Recruiting
  • C. Setting priorities
  • D. Plan administration
Answer:

C

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Question 3

To ensure appropriate funding levels, the compensation professional must generally do which of the
following?

  • A. Possess a high level of education and competency in accounting principles
  • B. Determine which programs are crucial to the enterprise and which programs are expendable
  • C. Partner with multiple departments and external consultants and vendors
  • D. Demonstrate broad understanding of principles of financial management and business expertise
Answer:

D

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Question 4

Understanding basic organization design principles is an example of what key competency for
compensation professionals?

  • A. Financial Management
  • B. HR Management
  • C. Resource Management
  • D. Policy Management
Answer:

B

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Question 5

Assessment of current and future staffing needs should be based primarily on what?

  • A. Compensation budgets only because staffing cannot exceed the funds available
  • B. A combination of organizational goals and budget realities
  • C. The consensus of HR management and line management estimates
  • D. The opinions of senior leaders in the organization
Answer:

B

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Question 6

What best describes a key competency of compensation professionals regarding HR management of
the organizations employees?

  • A. Ensuring they are appropriately selected, developed, appraised and rewarded
  • B. Monitoring individual employee career paths and succession planning
  • C. Communicating regularly with line management on performance management
  • D. Ensuring that all regulatory and voluntary payroll deductions are properly administered
Answer:

A

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Question 7

Using efficient and cost-effective approaches to integrate technology into the workplace is an
example of what key competency for compensation professionals?

  • A. Financial Management
  • B. HR Management
  • C. Resource Management
  • D. Policy Management
Answer:

C

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Question 8

What best describes the most effective approach for facilitating fact-based decisions?

  • A. Ensuring support from all internal and external stakeholders
  • B. Estimating results based on historical data
  • C. Using statistical methods to predict outcomes
  • D. Determining, sourcing and collecting appropriate data
Answer:

D

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Question 9

Using efficient and cost-effective approaches to integrate technology into the workplace is most
likely to do what?

  • A. Reduce compensation expense
  • B. Improve program efficacy
  • C. Select the best vendors
  • D. Compensate employees competitively
Answer:

B

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Question 10

Regarding key competencies for financial management, HR management and resource management,
what sets top performers apart?

  • A. The level of formal education in each area
  • B. The ability to prioritize which is most critical in any given situation and allocate time and resources accordingly
  • C. The ability to tie them together, distill key messages and make impactful decisions
  • D. Effective interpersonal and communication skills that can overshadow minor deficiencies in any one area
Answer:

C

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