Get Instant Access of 100% REAL C1 DUMP Pass Your Exam Easily [Q27-Q51]

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The C1 certification exam covers a wide range of topics, including federal and state laws, regulations, and compliance requirements related to compensation programs. Professionals who pass C1 exam will be well-versed in the various types of compensation programs, such as base pay, variable pay, and equity compensation, and understand how to design and implement these programs in accordance with regulatory requirements.

Q27. A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?

Out-of-pocket expenses

Coinsurance

Deductible

Coordination of benefits

Q28. Which of the following best describes present value?

The current value of holdings

The current value of holdings and how much it will grow over time at a given rate of return

The desired value in the future and what needs to be invested today to realize that amount

The difference between the desired value in the future and the current value as a percentage of the desired value

Q29. Which one of the following practices will help to ensure proper documentation for compliance with legislation?

Allow employees easy and unlimited access to documentation

Be consistent in procedures and completeness

Use one survey source instead of several

Q30. What information do EEO posters provide to employees?

Various federal minimum wage rules

Employee rights under the H-2A Program

Laws and procedures for filing complaints

Laws and rules for employee polygraph protection

Q31. When connecting with other business units, what best describes a reason why is it important to keep up to date on organizational challenges?

Because you will be more informed when differences of opinion occur, lending more credibility to your position

Because you can demonstrate your understanding of issues from multiple perspectives

Because you will be able to explain the negative consequences of opposing your position

Because stakeholders with diverse opinions tend to compromise when they are aware that others know their weaknesses

Q32. Why are lump-sum increases generally used?

To control annual fixed costs from base pay adjustments

To elevate employees who are below the midpoint in the range

To reward employees under short-term incentive plans

To make up for benefits not provided by the organization

Q33. Your company has had a strong fiscal year with a 15% increase in net income over the prior fiscal year. Share prices are at an all time high. Working with Finance, you have arrived at a 2.5% merit increase budget for the next fiscal year, a smaller increase than the last fiscal year. Finance has indicated that some large capital expenditures will be needed next year, so the company needs to conserve resources. Additionally, Legal is in final negotiations on a lawsuit that may be very costly to the company. Word of the smaller increases has line management concerned that they will lose their best performers. Given all of these factors, what is your best course of action?

Implement the merit increase budget as is because the anticipated financial obligations have made it necessary

Meet with Finance and make a case for a larger merit increase budget because the loss of key talent will cost more over the long term than the savings from the smaller merit increases

Gather the perspectives of all stakeholders, analyze their individual concerns and meet to determine whether a compromise solution is possible

Recommend a reduction in force to eliminate poor performers, which will increase the merit budget by reducing headcount

Q34. Gross margin is which of the following, as percent of revenue?

Revenue minus cost of goods sold

Expenses plus taxes and depreciation

Gross profit minus expenses

Cost of goods sold

Q35. Which of the following might be an example of the influence of the Americans with Disabilities Act on compensation?

Job descriptions must be written to ensure they cover the critical functions of the job

Companies should determine pay based on physical skills

Companies must conduct pre-employment medical exams on all new employees

Special promotion requirements must be developed for the disabled employee

Q36. Employer-sponsored death benefits are most commonly based on which of the following?

The size of the employee’s family

The employee’s annual salary

The employee’s health history

The employee’s premium contributions

Q37. What is the term for the skills, technologies, applications and practices of continuous iterative exploration and investigation of past business performance used to gain insight and drive business planning?

Business forecasting

Business analytics

Predictive modeling

Statistical analysis

Q38. The XYZ Company opened a new manufacturing facility with a capital investment of 10,000,000. The cost to obtain the capital was 8%. In its first year of operations, the facility’s net operating profit after taxes was
10,500,000. What was the economic value added (EVA) using the EVA formula?

500,000

840,000

8,000,000

9,700,000

Q39. Which of the following best describes a factor that has influenced the growth and change in benefits?

There is a decreasing number of females in the workforce.

Employees are expressing a greater desire for choice in their benefits.

Employees have longer career expectations.

Decreasing costs are causing growth in the numbers of benefits employers offer.

Q40. How are the compensation communication needs of managers different from those of individual employees?

They aren’t. Managers are concerned about their compensation also.

They are also responsible for merit increases, incentives and hiring so they have greater information needs.

They tend to have more influence, so it is important to resolve any concerns they have quickly and efficiently.

They have more duties and responsibilities and are less likely to have the time to discuss compensation issues.

Q41. Which employees are covered by the National Labor Relations Act?

City, state and federal government employees

Airline and railroad employees

Employee who work for companies that sell goods in various states

Q42. Which of the following statements best describes defined benefit (DB) plans?

There is no promise of a specific benefit at retirement.

Individual accounts must be maintained for each participant.

They are often integrated with government-sponsored programs.

Employees are at risk for financial resources.

Q43. Regarding cost analysis of compensation expense, which job is most likely to incur fixed costs for the company?

Production worker

Account executive

IT contractor

HR Director

Q44. Which of the following is an example of a reasonable accommodation?

Providing a pre-employment medical exam

Creating a new position in the company

Creating a separate area for the disabled employee to work

Job restructuring

Q45. Until what age does the FLSA limit the number of hours of nonhazardous work? (…as long as the overtime pay provisions are met)

14 years of age

15 years of age

16 years of age

18 years of age

Q46. What do working capital metrics evaluate?

The change in working capital over a specific period of time, typically one year

A company’s efficiency in converting short-term capital into cash

A company’s mean capital expenditure per employee

The amount of cash needed to meet the company’s short-term obligations

Q47. What are usual, customary and reasonable charges (UCR)?

The charges that an insurance carrier determines are normal for a particular medical procedure within a specific geographical area

The charges that are published annually in the Global Insurers’ Medical Cost Comparison Guide

The charges that are allowable for any given medical procedure with no pre-treatment authorization

The charges that are typically paid up front by a plan participant for services rendered.

Q48. Which of the following is the best example of a variable cost?

Audit fees

Rent

Maintenance

Shipping

Q49. Who enforces Title VII of the Civil Rights Act of 1964?

The Equal Employment Opportunity Commission

The Wage and Hour Division of the Department of Labor

The National Civil Rights Commission

The Office of Federal Contract Compliance

Q50. Which of the following acts is focused on employers with service contracts with the government?

Davis-Bacon Act

Sherman Antitrust Act

McNamara-O’Hara Act

National Labor Relations Act

Q51. Which of the following best describes a form of base pay that is a fixed weekly, biweekly or monthly payment?

Hourly rate

Salary

Piece rate

Bonuses

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