Worldatwork Certified Executive Compensation Professional Exam

Certification Provider: Worldatwork

Exam Name: Certified Executive Compensation Professional Exam

Number of questions in our database: 100

Exam Version: Jan. 25, 2023

Exam Official Topics:

Topic 1: Single Topic

Free Worldatwork Certified Executive Compensation Professional Exam Exam Actual Questions

The questions for Certified Executive Compensation Professional Exam were last updated On Jan. 25, 2023

Question #1

Which of the following is a true statement regarding the talent development needs of employees?

AIf employees believe their skills will fall behind their professional peers, they will be afraid to look for another job.

BObtaining and developing skills provides leverage for the employee to seek more compensation.

COpportunities for career advancement are important to employees in their decisions to either join or leave an organization.

Reveal Solution

Correct Answer: C

Question #2

Which of the following statements is most accurate regarding pay grades/bands?

AThey include incentives that are paid out at certain times of the year

BThey identify the actual compensation paid to each employee

CThey may overlap with minimums and maximums falling within adjoining grades

DThey represent the difference between the midpoint and the maximum of a given salary grade

Reveal Solution

Correct Answer: C

Question #3

What information is found on the balance sheet?

AA list of what is owned, what is owed and the equity of an entity

BThe revenues and expenses incurred by an entity over a period of time

CThe change during the reporting period in cash and cash equivalents

DThe profitability of the company as of a specific date

Reveal Solution

Correct Answer: A

Question #4

Which financial statement or combination of statements provide(s) the most comprehensive view of the company's financial situation?

AThe balance sheet

BThe income statement

CThe cash flow statement and the income statement

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

Reveal Solution

Correct Answer: D

Question #5

What do profits, equity and debt all have in common?

AThey are all reported on the balance sheet.

BThey are all sources of capital.

CThey all incur the same costs to the business.

DNothing. Each of these is a different financial metric.

Reveal Solution

Correct Answer: B

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