WorldatWork C8 Business Acumen for Compensation Professional Online Training
WorldatWork C8 Online Training
The questions for C8 were last updated at Apr 22,2024.
- Exam Code: C8
- Exam Name: Business Acumen for Compensation Professional
- Certification Provider: WorldatWork
- Latest update: Apr 22,2024
What best describes an effective core technique for communicating with executives?
- A . Focus on negative issues first, such as compensation costs exceeding budget, to get their attention
- B . Provide 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 . Assume they have little knowledge of the issue and make a detailed presentation leading up to the purpose of the meeting.
- D . Recommend a solution that will solve the issue and explain why it is the best solution available.
Which of the following best describes present value?
- A . The current value of holdings
- B . The current value of holdings and how much it will grow over time at a given rate of return
- C . The desired value in the future and what needs to be invested today to realize that amount
- D . The difference between the desired value in the future and the current value as a percentage of the desired value
When connecting with other business units, what best describes a reason why is it important to keep up to date on organizational challenges?
- A . Because you will be more informed when differences of opinion occur, lending more credibility to your position
- B . Because you can demonstrate your understanding of issues from multiple perspectives
- C . Because you will be able to explain the negative consequences of opposing your position
- D . Because stakeholders with diverse opinions tend to compromise when they are aware that others know their weaknesses
The Alpha company ships an order to a customer on March 1st and invoices the customer for the product with the shipment, with payment terms of net 30 days. The customer’s payment is received on April 5th. The payment clears the bank and shows on Alpha’s account on April 8th.
If Alpha is using accrual accounting, when does it record the revenue for this sale?
- A . March 1st
- B . March 31st
- C . April 5th
- D . April 8th
What best describes the primary purpose of budgeting?
- A . Limiting spending to a fixed percentage of organizational revenue
- B . Making choices about spending based on expectations of performance
- C . Increasing profitability of the business annually to maximize shareholder/owner value
- D . Complying with local legislation and maintaining accurate records to prepare financial reports and tax documents
What is the most likely explanation for why compensation and rewards require a strong grasp of business acumen for compensation professionals?
- A . Because the internal and external environments are constantly changing
- B . Because the best interests of the organization take priority, which can lead to difficult decisions and implementation issues
- C . Because they are emotional issues and stakeholders have many vested interests
- D . Because strong business acumen is required for all compensation decisions
What best describes what forecasting helps the organization to do?
- A . Recognize possible issues and concerns that will drive budget planning
- B . Prepare quarterly and annual reports and their associated statements
- C . Withhold payroll taxes for all elements of compensation
- D . Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle
Which of the following factors has the greatest impact on how aggressive a stance (high vs. low) an organization will take in terms of where it positions itself against the market with its compensation strategy?
- A . The industry it operates in
- B . The bottom line
- C . The organizational headcount
- D . The risk tolerance of compensation leaders
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
The “return” represented by the Total Shareholder Return (TSR) metric is the increase in what?
- A . Earnings
- B . Shares
- C . Market capitalization
- D . Increased market value and reinvested dividends paid
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