C3E Exam Dumps - Quantitative Principles in Compensation Management

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Question # 4

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?

.928 compa, .987 market

.928 compa, 1.064 market

.987 compa, 1.064 market

.987 compa, 1.013 market

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Question # 5

You have 660 hourly, 420 salaried non-management and 320 salaried management employees. What is the percentage of salaried non-management employees?

23%

30%

45%

47%

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Question # 6

A true, absolute zero exists for which level of measurement?

Nominal

Ordinal

Interval

Ratio

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Question # 7

How can compensation professionals ensure their statistical data are not distorted?

Use statistical software, which prevents distortion of data.

Develop a plan that provides an objective approach to collecting, organizing and displaying data

Avoid training that shows how data can be distorted, as that training might cause one to distort data subconsciously.

Distortion of data is commonly accepted as a method for making compelling arguments for change in orgs.

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Question # 8

You have obtained a set of market data that show you senior MIS manager has a market average of 72,000. If you have a 50% range spread, what would the new minimum and maximum be if the new midpoint is 72,000?

54,000; 90,000

57,600; 86,400

60,000; 84,000

They cannot be determined from the data given

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