Exam Code: C3
Exam Questions: 55
Quantitative Principles in Compensation Management
Updated: 14 Apr, 2026
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Question 1

If you earn 50,000 per year and your co-worker in the same job earns 60,000, what percent adjustment do you need to equal your co-worker?

Options :
Answer: B

Question 2

For the same problem set, the market appears to be paying entry-level buyers 42,500. Approx how many job evaluation points should your entry-level buyer position be worth to your org, assuming the regression model provides a good fit, based solely on the linear model of y = 15000 + 50x?

Options :
Answer: D

Question 3

You need 15,000 in two years in order to take that long-awaited and much deserved vacation of your dreams. You can earn 12% interest, compounded quarterly from your credit union. How much money do you need to set aside now?

Options :
Answer: B

Question 4

You have been asked to comment on a proposed provision in the union contract. over the next 3 years, management proposes increases of 2%, 2.5%, 3% over the 3 year life of the contract. The union negotiator insists that it be 3%, 2.5%, 2.0%. Assuming the hourly rate for a job class is 12.50/hr., what is the rate in three years?

Options :
Answer: A

Question 5

Which of the following is a characteristic of a standard deviation?

Options :
Answer: C

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