Worldatwork C3E Exam - Topic 1 Question 27 Discussion

Actual exam question for Worldatwork's C3E exam

Question #: 27
Topic #: 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?

A.928 compa, .987 market

B.928 compa, 1.064 market

C.987 compa, 1.064 market

D.987 compa, 1.013 market

Show Suggested Answer

Suggested Answer: A

by Christiane at May 06, 2022, 04:24 PM

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Elsa

10 months ago

I agree, .928 compa makes sense with those numbers.

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Carmen

10 months ago

Really? I thought the midpoint was higher than that!

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Loreen

11 months ago

Wait, how does that market index work?

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Danica

11 months ago

I think the compa-ratio is .928.

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Linwood

11 months ago

The average pay is 1,570/mth, right?

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Annalee

11 months ago

I feel like the average pay being lower than the midpoint might suggest a lower compa-ratio, but I'm not confident about the market index part.

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Horace

11 months ago

The market index seems tricky. I practiced a similar question, but I can't recall the exact steps for calculating it.

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Krissy

11 months ago

I think the compa-ratio is calculated by dividing actual pay by the midpoint, so I might lean towards option A or B.

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Dorathy

11 months ago

I remember calculating compa-ratios in class, but I'm not sure if I got the formula right for this one.

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Bulah

11 months ago

Okay, I've got this. The key is to identify the principle that is not one of the three mentioned in the question stem. Let me analyze each option closely.

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Alaine

11 months ago

The market price is the equilibrium price, right? I think that's what option A is getting at, so I'll go with that.

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Louis

12 months ago

This question seems straightforward. I think the key is to focus on how agile environments handle changes and cost estimation differently than traditional project management.

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Horace

12 months ago

I think one of the practice questions talked about capitation covering specific services like lab tests and immunizations. That might relate to this.

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