Question 1

What information do EEO posters provide to employees?

Options :

A : Various federal minimum wage rules

B : Employee rights under the H-2A Program

C : Laws and procedures for filing complaints

D : Laws and rules for employee polygraph protection

Answer: C

Question 2

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

Options :

A : Production worker

B : Account executive

C : IT contractor

D : HR Director

Answer: D

Question 3

Regarding fixed and variable costs, what tends to happen as revenue increases?

Options :

A : Variable costs decrease

B : Fixed costs decrease

C : Variable costs increase and consume a higher percent of revenue

D : Fixed costs remain the same and consume a lower percent of revenue

Answer: D

Question 4

Why are lump-sum increases generally used?

Options :

A : To control annual fixed costs from base pay adjustments

B : To elevate employees who are below the midpoint in the range

C : To reward employees under short-term incentive plans

D : To make up for benefits not provided by the organization

Answer: A

Question 5

What happens to the marginal cost if revenue accelerates slower than variable costs but fixed costs remain the same?

Options :

A : It remains the same.

B : It decreases because variable costs are increasing.

C : It increases at the same rate as variable costs.

D : It becomes increasingly higher as revenues increase.

Answer: D