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CECP Exam Dumps - WorldatWork Certification Questions and Answers

Question # 14

The XYZ Company produces innovative products and brings them to market in advance of their competitors. What strategy is XYZ using?

Options:

A.

Operational excellence

B.

Product/service leadership

C.

Customer intimacy

D.

Brand loyalty

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Question # 15

The “Value Store” retail company offers its customers low prices and ease of purchase by minimizing waste and striving for high efficiency. What strategy is the “Value Store” using?

Options:

A.

Operational excellence

B.

Product/service leadership

C.

Customer intimacy

D.

Brand loyalty

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Question # 16

What do working capital metrics evaluate?

Options:

A.

The change in working capital over a specific period of time, typically one year

B.

A company’s efficiency in converting short-term capital into cash

C.

A company’s mean capital expenditure per employee

D.

The amount of cash needed to meet the company’s short-term obligations

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Question # 17

What best describes what forecasting helps the organization to do?

Options:

A.

Recognize possible issues and concerns that will drive budget planning

B.

Prepare quarterly and annual reports and their associated statements

C.

Withhold payroll taxes for all elements of compensation

D.

Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle

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Question # 18

Which type of variable pay is best described by this statement: Criteria are discretionary and often defined in broad terms such as “exceptional customer service”?

Options:

A.

Recognition

B.

Bonus

C.

Commission

D.

Profit-sharing

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Exam Code: CECP
Exam Name: Certified Executive Compensation Professional Exam
Last Update: Feb 23, 2025
Questions: 0
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