Question 1

Which of the following is a characteristic of a good survey?

Options :

A : Survey sources are identified.

B : A limited sample size.

C : Aggregate data is trimmed.

Answer: A

Question 2

What does a compensation strategy provide guidance on?

Options :

A : The company-s mission and vision statement

B : Employee training and development

C : Employee hiring practices

D : The design, implementation, and administration of a compensation program

Answer: D

Question 3

How is the value of stock awards typically shown in survey data?

Options :

A : As part of total cash compensation

B : As a monetary figure

C : As the number of share granted

Answer: B

Question 4

What are the data integrity components that may impact the survey quality?

Options :

A : Submissions, data accuracy, survey vendor auditing

B : Survey response rate, survey participant demographics, survey topic relevance

C : Survey cost, survey methodology, survey timing

D : Survey participant anonymity, survey vendor reputation, survey incentives

Answer: A

Question 5

What is midpoint-to-midpoint differential?

Options :

A : The difference in wage rates paid at the top and bottom of a salary grade

B : The difference in wage rates paid for the same job in different locations

C : The difference in wage rates paid for jobs with similar job titles

D :

The difference in wage rates paid in the midpoints of two adjacent grades and is also known as a salary range spread

Answer: D