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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:
1. A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?
A) Coinsurance
B) Coordination of benefits
C) Out-of-pocket expenses
D) Deductible
2. Regarding cost analysis of compensation expense, which job is most likely to incur fixed costs for the company?
A) Account executive
B) IT contractor
C) HR Director
D) Production worker
3. Which of the following best describes a form of base pay that is a fixed weekly, biweekly or monthly payment?
A) Piece rate
B) Salary
C) Bonuses
D) Hourly rate
4. What type of pay increase is given when an organization finds that its compensation program is behind competitive market rates?
A) Automatic
B) General
C) Cost of living
D) Merit
5. Which of the following acts is focused on employers with service contracts with the government?
A) Davis-Bacon Act
B) National Labor Relations Act
C) Sherman Antitrust Act
D) McNamara-O'Hara Act
Solutions:
Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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