CECP Practice Exam Questions with Answers Certified Executive Compensation Professional Certification

The level of formal education in each area

The ability to prioritize which is most critical in any given situation and allocate time and resources accordingly

The ability to tie them together, distill key messages and make impactful decisions

Effective interpersonal and communication skills that can overshadow minor deficiencies in any one area

Production worker

Account executive

IT contractor

HR Director

They aren’t. Managers are concerned about their compensation also.

They are also responsible for merit increases, incentives and hiring so they have greater information needs.

They tend to have more influence, so it is important to resolve any concerns they have quickly and efficiently.

They have more duties and responsibilities and are less likely to have the time to discuss compensation issues.

Compensation that is given in the form of perquisites such as a company car, fitness membership, paid training, etc.

Compensation that is nondiscretionary and does not vary according to performance or results

Compensation that is contingent on discretion, performance or results

Compensation that is determined by the organization's pay structure   

Fixed pay and variable pay

Base pay and annual incentives

Direct and indirect compensation

Salary and hourly rate   

The balance sheet

The income statement

The cash flow statement and the income statement

The cash flow statement, along with the balance sheet and income statement

In the methods and processes used to make pay decisions

In the details of their individual compensation packages

In the overall program objectives

In the differences in pay levels for the different levels of the organization

The previous quarter

The budget

The same quarter in the previous year, plus the current six-month or nine-month cumulative comparables

The aggregate performance of the same quarter in the previous three years

The calendar year from January 1 to December 31

The fiscal year, which matches the calendar year from January 1 to December 31

The fiscal year, which shows results from July 1 to June 30

The fiscal year, which may match the calendar year or may be a different 12-month period, depending on the company

Start-up

Growth

Mature

Decline