Free WorldatWork C1 Exam Dumps Questions & Answers

Which of the following documents is a requirement of the FLSA for all nonexempt employees?

• A.  Records on hours worked and wages paid
• B.  Copies of employee W-2s
• C.  Discharge notices stating reason for discharge
• D.  Copies of pay stubs

What type of equity incentive gives employees the right to purchase company shares at a specified price?

• A.  Stock/share grants
• B.  Stock/share options
• C.  Performance units
• D.  Restricted stock/shares

Which of the following is the earnings available to equity owners after paying debt and taxes?

• A.  EBIT
• B.  Net income
• C.  EPS
• D.  Operating profit

Regarding fixed and variable costs, what are Finance's primary concerns?

• A.  Fixed costs are not a concern because they cannot be changed, so the focus is primarily on variable costs.
• B.  Fixed costs and variable costs are equally important and both should be kept to a minimum.
• C.  Fixed costs must be kept to a minimum, but variable costs can fluctuate since they tend to correlate with revenue.
• D.  Variable costs often have a heavier focus than fixed costs, which applies to all areas, including compensation.

What is a primary objective of profit-sharing and performance-sharing variable pay plans?

• A.  To increase employee identification with the organization's success
• B.  To defer compensation expenses to future reporting periods
• C.  To reward individual employees for some significant contribution
• D.  To achieve organizational cost savings through base pay reductions