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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. What are usual, customary and reasonable charges (UCR)?

A) The charges that are allowable for any given medical procedure with no pre-treatment authorization
B) The charges that an insurance carrier determines are normal for a particular medical procedure within a specific geographical area
C) The charges that are published annually in the Global Insurers' Medical Cost Comparison Guide
D) The charges that are typically paid up front by a plan participant for services rendered.

2. When would an employee most likely receive a differential in addition to the regular hourly rate?

A) When working less time than his or her normal schedule
B) When working in locations other than the corporate office
C) When working in more than one department
D) When working a holiday or weekend

3. Under the Equal Pay Act, which is an acceptable defense to justify differences between the rates of pay for men and women assigned to the same job?

A) The differential is due to the fact that the men have more seniority with the employer.
B) The women are all graduates of the most prestigious schools, and graduates from those schools command higher salaries.
C) All of the women have some professional certification or registration, whereas none of the men have comparable credentials.
D) The male employees have substantially more education than the female employees.

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

A) EPS
B) Operating profit
C) EBIT
D) Net income

5. What information do EEO posters provide to employees?

A) Laws and rules for employee polygraph protection
B) Employee rights under the H-2A Program
C) Laws and procedures for filing complaints
D) Various federal minimum wage rules

Solutions: