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Free C3E – Quantitative Principles in Compensation Management Practice Test Question

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Showing 1–3 of 10 questions

Question 1

A survey shows the average pay for senior accounting clerks is 1,570/mth. Your midpoint for senior-accounting clerks is 1,670 and the average actual pay is 1,550. What is your compa-ratio for accounting clerks? What is your market index?

Select an option, then click Submit answer.

  • ○

    .928 compa, .987 market

  • ○

    .928 compa, 1.064 market

  • ○

    .987 compa, 1.064 market

  • ○

    .987 compa, 1.013 market


Question 2

What type of relationship does this equation model?

y = a + bx + cx2

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  • ○

    Nonlinear regression

  • ○

    Straight line regression

  • ○

    Bivariate regression

  • ○

    All of the above


Question 3

If you earn 50,000 per year and your co-worker in the same job earns 60,000, what percent adjustment do you need to equal your co-worker?

Select an option, then click Submit answer.

  • ○

    18%

  • ○

    20%

  • ○

    10%

  • ○

    80%