WGU C236 COMPENSATION AND BENEFITS
FINAL PRACTICE QUESTIONS AND DETAILED
SOLUTIONS
◉ A common first step in interpreting survey data is to _____.
Answer: check for the accuracy of job matches.
◉ The process of multiplying survey data by some factor judged to
reflect the difference between a survey benchmark job and a
company job is called _____
Answer: survey leveling
◉ All of the following are examples of potential anomalies EXCEPT
________.
Answer: a large variation in average base pay for a job across
companies.
◉ Which of the following is often used to set pay ranges?
Answer: quartiles and percentiles
◉ The ____ minimizes the distortion of the central tendency caused
by outliers.
,Answer: median
◉ Which of the following statistical measures shows how similar or
dissimilar market rates are from each other?
Answer: standard deviation
◉ because employers are raising employee pay at various times
during the year, survey data must be updated using a process called
______ or ______.
Answer: aging OR trending
◉ A market pay line _____.
Answer: links a company's benchmark jobs with market rates paid
by competitors.
◉ In the regression equation, y = a + bx, job evaluation points are
denoted by ____.
Answer: X
◉ Pay ranges:
Answer: reflect the differences of performances or experience that
an employer wished to recognize with pay
, ◉ Pay ranges for office and production work commonly range
between _____ and _____ percent.
Answer: 5, 15
◉ Size of pay differentials between grades should ______.
Answer: Support career movement through the pay structure
◉ which of the following statements is true regarding broad bands?
Answer: they foster cross functional growth
◉ the ____ pay strategy emphasizes external competitiveness and
deemphasizes internal alignment
Answer: market pricing
◉ which of the market pricers?
Answer: they assume that little value is added through internal
alignment
◉ this measure of compensation may overstate competitors pay
Answer: total cash compensation
FINAL PRACTICE QUESTIONS AND DETAILED
SOLUTIONS
◉ A common first step in interpreting survey data is to _____.
Answer: check for the accuracy of job matches.
◉ The process of multiplying survey data by some factor judged to
reflect the difference between a survey benchmark job and a
company job is called _____
Answer: survey leveling
◉ All of the following are examples of potential anomalies EXCEPT
________.
Answer: a large variation in average base pay for a job across
companies.
◉ Which of the following is often used to set pay ranges?
Answer: quartiles and percentiles
◉ The ____ minimizes the distortion of the central tendency caused
by outliers.
,Answer: median
◉ Which of the following statistical measures shows how similar or
dissimilar market rates are from each other?
Answer: standard deviation
◉ because employers are raising employee pay at various times
during the year, survey data must be updated using a process called
______ or ______.
Answer: aging OR trending
◉ A market pay line _____.
Answer: links a company's benchmark jobs with market rates paid
by competitors.
◉ In the regression equation, y = a + bx, job evaluation points are
denoted by ____.
Answer: X
◉ Pay ranges:
Answer: reflect the differences of performances or experience that
an employer wished to recognize with pay
, ◉ Pay ranges for office and production work commonly range
between _____ and _____ percent.
Answer: 5, 15
◉ Size of pay differentials between grades should ______.
Answer: Support career movement through the pay structure
◉ which of the following statements is true regarding broad bands?
Answer: they foster cross functional growth
◉ the ____ pay strategy emphasizes external competitiveness and
deemphasizes internal alignment
Answer: market pricing
◉ which of the market pricers?
Answer: they assume that little value is added through internal
alignment
◉ this measure of compensation may overstate competitors pay
Answer: total cash compensation
