Worldatwork GR1 Exam Practice Test Instant Access

Question 1

What is the purpose of the annual total rewards statement?

ATo explain the various rewards programs available to employees

BTo describe the tax implications of different rewards

CTo summarize for senior management the total expense attributable to rewards programs

DTo individually quantify the value of employees' total rewards packages

Answer : D

Question 2

To ensure compliance, pay decisions should be made based on which of the following?

ARecommendations of managers

BJob-related factors

CAmount of overtime employees are willing to work

D360 degree feedback

Answer : B

Question 3

What best describes the compensation philosophy?

AThe compensation committee's interpretation of how employees can best meet business objectives

BGuidelines that determine the administration of compensation programs

CStatement of what the organization believes about how people should be paid

DPrinciples that guide the design of compensation programs

Answer : C

Question 4

Which statement is most accurate regarding a precaution to be taken in communicating total rewards statements?

AAvoid sending a total rewards statement to an employee's home address.

BAvoid summarizing each employee's complete total rewards package.

CAvoid arbitrarily setting a monetary value on intangible benefits that not all employees use.

DAvoid itemizing the value of benefits or work-life programs. Include only compensation.

Answer : C

Question 5

If an organization's business strategy is primarily focused on product/service leadership, which of the following will likely be one of the major objectives?

AMinimize waste and reward efficiency

BProvide dependability and ease of purchase

CBuild bonds with targeted customers

DCreate better ideas and commercialize them faster

Answer : D

Question 6

Why is it important for TR professionals to understand economic conditions?

AThey are internal influences that drive organizational culture.

BThey provide a framework for designing rewards packages throughout an organization.

CThey determine what programs may be legally applied in any given location.

DThey require timely responses in adjusting programs to meet changing situations.

Answer : D

Question 7

What is continuing to contribute most to the current rise in the cost of benefits programs?

ARising salaries for support staff

BIncreasing cost of enterprise software systems

CIncreasing cost of communication

DRising costs for health care

Answer : D

Worldatwork GR1 Total Rewards Management Exam Practice Test