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C8 Exam Dumps - Business Acumen for Compensation Professional

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Question # 4

The XYZ Company focuses on maintaining/increasing market share and its products tend to be more evolutionary than revolutionary. What stage of the business lifecycle is XYZ most likely in?

A.

Start-up

B.

Growth

C.

Mature

D.

Decline

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Question # 5

What is the most accurate statement regarding forecasting?

A.

It is a precise estimate of what the future holds for the organization.

B.

It is done primarily by using historical revenue and expense data.

C.

It is done primarily by evaluating market conditions and economic indicators.

D.

It uses internal and external factors to help answer questions about business expectations for the future.

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Question # 6

Assessment of current and future staffing needs should be based primarily on what?

A.

Compensation budgets only because staffing cannot exceed the funds available

B.

A combination of organizational goals and budget realities

C.

The consensus of HR management and line management estimates

D.

The opinions of senior leaders in the organization

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Question # 7

What is the most accurate definition of organizational vision?

A.

A description of who the organization is, where it is headed and what it wants for the future

B.

A written explanation of the intention or purpose of the organization and why it is in business

C.

A statement of what kind of organization it wants to be and the guiding principles and/or beliefs shared by stakeholders

D.

A detailed account of the organization’s goals, directions to achieve them and how it will compete

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Question # 8

The Alpha company ships an order to a customer on March 1st and invoices the customer for the product with the shipment, with payment terms of net 30 days. The customer’s payment is received on April 5th. The payment clears the bank and shows on Alpha’s account on April 8th. If Alpha is using accrual accounting, when does it record the revenue for this sale?

A.

March 1st

B.

March 31st

C.

April 5th

D.

April 8th

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