[Mar 01, 2022] Get New CECP Practice Test Questions Answers [Q41-Q58]

NO.41 Which of the following is primarily focused on giving special attention to employee actions, efforts, behavior or performance?

NO.42 What is a “profit model?”

NO.43 Quarterly financial reports typically include data for a given quarter compared to what?

NO.44 When trying to achieve compromise and collaboration to achieve your goals, on which stakeholder(s) should you focus most of your efforts?

NO.45 Step-rate increase programs provide employees the opportunity to receive two regular pay increases at which points?

NO.46 The XYZ Company produces innovative products and brings them to market in advance of their competitors. What strategy is XYZ using?

NO.47 Using efficient and cost-effective approaches to integrate technology into the workplace is an example of what key competency for compensation professionals?

NO.48 Which of the following is the most accurate statement about the business strategy?

NO.49 Regarding market position, a business with a high market share but low growth potential is typically referred to as what?

NO.50 If employees have a significant impact on the bottom line, what type of pay mix is most appropriate?

NO.51 What best describes an effective approach for balancing multiple priorities and perspectives regarding compensation?

NO.52 Regarding fixed and variable costs, what tends to happen as revenue increases?

NO.53 Regarding cost analysis of compensation expense, which job is most likely to incur fixed costs for the company?

NO.54 How is the purpose of a non-profit organization typically communicated?

NO.55 Which of the following is the earnings available to equity owners after paying debt and taxes?

NO.56 What is the most accurate statement regarding the effect of compensation plans on the organization?

NO.57 Which of the following is a type of variable pay?

NO.58 What most accurately describes a reason why organizations use financial reports?