Specialist Regulatory Environments for Compensation Programs Exam questions

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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. Employer-sponsored death benefits are most commonly based on which of the following?

A) The employee's health history
B) The employee's premium contributions
C) The employee's annual salary
D) The size of the employee's family

2. On what basis does the Equal Pay Act of 1963 prohibit an employer from discriminating in employee compensation programs?

A) Age
B) Religion
C) Race
D) Sex

3. The "return" represented by the Total Shareholder Return (TSR) metric is the increase in what?

A) Increased market value and reinvested dividends paid
B) Market capitalization
C) Earnings
D) Shares

4. 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 will be able to explain the negative consequences of opposing your position
C) Because you can demonstrate your understanding of issues from multiple perspectives
D) Because stakeholders with diverse opinions tend to compromise when they are aware that others know their weaknesses

5. What are usual, customary and reasonable charges (UCR)?

A) The charges that are typically paid up front by a plan participant for services rendered.
B) The charges that an insurance carrier determines are normal for a particular medical procedure within a specific geographical area
C) The charges that are allowable for any given medical procedure with no pre-treatment authorization
D) The charges that are published annually in the Global Insurers' Medical Cost Comparison Guide

Solutions: