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C17 Exam Results

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Question 16

What is true when aging data over two calendar years?

Options:

A.

Age both years at the same time

B.

Age the second year first, then the first year

C.

Age both years separately

D.

Age one year first, then age the second year

Question 17

What is the formula for calculating the survey aging factor?

Options:

A.

No. of months to age x annual aging factor

B.

No. of months to age/12 months

C.

No. of months to age/12 months x annual aging factor

D.

Annual aging factor x 12 months

Question 18

Which of the following is true of job matching?

Options:

A.

If your job matches 80% or higher, it's a "strong" match

B.

If your job matches 70% or higher, it's a "strong" match

C.

If your job matches 60% or higher, it's a "strong" match

Question 19

What are the Characteristics of a good survey?

Options:

A.

Small sample size, lack of transparency, unclear data

B.

Sample size is large enough to be valid, no secrets - gives key elements, effective date of the data, term definitions, clarity of statistic, and position descriptions, sources identified

C.

Biased data, vague descriptions, lack of data

D.

Outdated data, undefined terminology, small sample size

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Exam Code: C17
Exam Name: Market Pricing - Conducting a Competitive Pay Analysis
Last Update: Nov 24, 2024
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