Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Worldatwork C3E Exam - Topic 1 Question 27 Discussion

Actual exam question for Worldatwork's C3E exam
Question #: 27
Topic #: 1
[All C3E Questions]

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?

Show Suggested Answer Hide Answer
Suggested Answer: A

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

Limited Time Offer

25%

Off

Get Premium C3E Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Elsa
4 months ago
I agree, .928 compa makes sense with those numbers.
upvoted 0 times
...
Carmen
4 months ago
Really? I thought the midpoint was higher than that!
upvoted 0 times
...
Loreen
5 months ago
Wait, how does that market index work?
upvoted 0 times
...
Danica
5 months ago
I think the compa-ratio is .928.
upvoted 0 times
...
Linwood
5 months ago
The average pay is 1,570/mth, right?
upvoted 0 times
...
Annalee
5 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.
upvoted 0 times
...
Horace
5 months ago
The market index seems tricky. I practiced a similar question, but I can't recall the exact steps for calculating it.
upvoted 0 times
...
Krissy
5 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.
upvoted 0 times
...
Dorathy
5 months ago
I remember calculating compa-ratios in class, but I'm not sure if I got the formula right for this one.
upvoted 0 times
...
Bulah
5 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.
upvoted 0 times
...
Alaine
5 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.
upvoted 0 times
...
Louis
6 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.
upvoted 0 times
...
Horace
6 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.
upvoted 0 times
...

Save Cancel