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C3E Exam Dumps - WorldatWork Certified Compensation Professional CCP Questions and Answers

Question # 4

In order to satisfy ordinal level data requirements, you must be able to do which of the following?

Options:

A.

Have a true zero

B.

Have a constant interval from point to point

C.

Be able to meaningfully arrange the data in rank order

D.

Be able to establish ratios

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Question # 5

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:

A.

18%

B.

20%

C.

10%

D.

80%

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Question # 6

You spent 30% of your budget on merit increases three years ago, 35% two years ago, and 40% last year. When was the most money spent on merit increases?

Options:

A.

Three years ago

B.

Two years ago

C.

Last year

D.

It cannot be determined based upon the information given.

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Question # 7

You have the following salary grades and midpoints. Your org wants to have a constant midpoint progression. What would be the midpoint percentage?

Grade 10 = Midpoint 2,000

Grade 11 = Midpoint 2,217

Grade 12 = Midpoint 2,456

Grade 13 = Midpoint 2,698

Options:

A.

8%

B.

9.6%

C.

10.5%

D.

11.7%

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Question # 8

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

Options:

A.

The standard deviation is based on the middle portion of the data.

B.

The standard deviation reflects the variation of values between two points.

C.

The standard deviation uses all the data points from the data set in its calculation

D.

At least 95% of the points in a data set will always be within +-2 standard deviations from the mean.

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Question # 9

If the midpoint is 2,000 and the desired range spread is 50%, what are the min and max values?

Options:

A.

1,500 min; 2,500 max

B.

1,600 min; 2,400 max

C.

1,700 min; 2,300 max

D.

1,750 min; 2,250 max

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Question # 10

What are percentile bars?

Options:

A.

A tool to help visualize the distribution of data

B.

The value that occurs most often among a data set

C.

Representations of the median salary in an organization's pay grades

D.

The most common method of representing unweighted means

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Question # 11

Why do compensation professionals collect & use data?

Options:

A.

To support personal agendas

B.

To respond to stock price volatility

C.

To improve changes of making sound decisions

D.

To replace the need for modeling

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Exam Code: C3E
Exam Name: Quantitative Principles in Compensation Management
Last Update: Feb 22, 2025
Questions: 54
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