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Vendor: WorldatWork
Exam Code: C8
Exam Name: Business Acumen for Compensation Professional
Certification: Certified Compensation Professional (CCP)
Total Questions: 78 Q&A
Updated on:
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You have been asked to develop a short-term incentive plan that motivates employees in business units to increase productivity. Your team has designed a plan that rewards managers and employees quarterly based on achievement against target on measures that should generate productivity increases that will self-fund the plan. When presenting the plan to senior management, what would be the best strategy to receive approval?
A. Demonstrate how it is aligned to the rewards philosophy, principles and organizational business strategy
B. Provide details on the plan design and measures and how they will be administered to employees at different levels
C. Make the case that a self-funded plan poses no risk to the organization while creating the potential for significant gains
D. Identify in advance the priorities of the various stakeholders and design your presentation to address any objections or perceptions they may have
What is the most accurate statement regarding forecasting?
A. It is a precise estimate of what the future holds for the organization.
B. It is done primarily by using historical revenue and expense data.
C. It is done primarily by evaluating market conditions and economic indicators.
D. It uses internal and external factors to help answer questions about business expectations for the future.
Quarterly financial reports typically include data for a given quarter compared to what?
A. The previous quarter
B. The budget
C. The same quarter in the previous year, plus the current six-month or nine-month cumulative comparables
D. The aggregate performance of the same quarter in the previous three years
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The following table comprehensively analyzes the quality and value of Certified Compensation Professional (CCP) C8 exam materials.