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Exam Code:
C3E
Exam Name:
Quantitative Principles in Compensation Management
Last Update: Apr 24, 2024
54 Questions
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Quantitative Principles in Compensation Management Questions and Answers

Questions 1

Which of the following provide useful guidelines for grouping data into categories?

Options:

A.

Use a constant width for all categories

B.

Use mutually exclusive categories

C.

Do not allow categories to overlap

D.

All of the above

Questions 2

Which of the following is true of distribution shapes for nominal data?

Options:

A.

They generally are normal distributions

B.

They are best represented skewed with a tail to the left

C.

Nominal data should be represented via pie charts only

D.

It might be most honest to simply list the categories in alphabetical order.

Questions 3

On January 1 of last year, you had 1,000 emps. Dec 31 there was a 20% reduction in the workforce. By July of this year, you then increased your workforce by 20%. Do you now have 1,000 emps again? If not, how many?

Options:

A.

Yes, 1,000

B.

No; 800 emps on 12/31, 960 in July

C.

No; 800 emps on 12/31, 850 in July

D.

Not enough info to compute