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  • Exam Name: Quantitative Principles in Compensation Management
  • Last Update: 25-Apr-2024
  • Questions and Answers: 54
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C3E Questions and Answers

Question # 1

At 10% investment return, what would be in the same employee's account including investment earnings at the end of the year?

A.

2,160

B.

4,400

C.

5,940

D.

8,640

Question # 2

George & Kevin agree to job share. George will work two 10-hour days and Kevin will work three 7-hour days. What percent of the total weekly hours is George going to work?

A.

39.5%

B.

50%

C.

48.8%

D.

51.2%

Question # 3

Suppose your monthly pay is 3,000. The mean for all employees in your grade is 3,500, and the standard deviation is 200. What is your z-score relative to this group of employees?

A.

3.0

B.

2.5

C.

-2.5

D.

-3.0

Question # 4

For the same problem set, what does the value 50 represent in the same equation? y = 15000 + 50x

A.

The monetary market-based pay increase associated with every additional point value in the job worth scale

B.

The ratio of the change in y-values relative to the change in x-values on the line of best fit

C.

The slope of the line

D.

All of the above

Question # 5

What is the individual compa-ratio for an employee whose salary is 25,000 per year when the midpoint of the salary structure is 30,000?

A.

.17

B.

.83

C.

1.20

D.

.80

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