Free Online WorldatWork CECP Practice Test

Prepare Your WorldatWork CECP Exam Questions with Free online CECP Practice Test. Get Brilliant Certified Executive Compensation Professional Exam Results with Valid CECP Exam Dumps.

Page: 1 / 21

Total 101 Questions | Updated On: May 15, 2024

Add To Cart

Question 1

Gross margin is which of the following, as percent of revenue?

A : Revenue minus cost of goods sold

B : Expenses plus taxes and depreciation

C : Gross profit minus expenses

D : Cost of goods sold

Answer: A

Question 2

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.

Answer: D

Question 3

Regarding fixed and variable costs, what are Finance's primary concerns?

A : Fixed costs must be kept to a minimum, but variable costs can fluctuate since they tend to correlate with revenue.

B : Variable costs often have a heavier focus than fixed costs, which applies to all areas, including compensation.

C : Fixed costs and variable costs are equally important and both should be kept to a minimum.

D : Fixed costs are not a concern because they cannot be changed, so the focus is primarily on variable costs.

Answer: B

Question 4

A fine jewelry chain distinguishes itself from the competition by focusing on carefully selected customers and building bonds to meet or exceed their needs and expectations. What strategy is this company using?

A : Operational excellence

B : Product/service leadership

C : Customer intimacy

D : Brand loyalty

Answer: C

Question 5

Which of the following is the most accurate statement about the business strategy?

A : It usually is a secondary consideration in compensation design.

B : It is the company's plan for competitive positioning of its products or services.

C : It must be written after the company's operating plans are approved by senior management.

D : It is developed for compensation, benefits and the work-life using the HR strategy as a basis.

Answer: B

Page: 1 / 21

Total 101 Questions | Updated On: May 15, 2024

Add To Cart