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Quantitative Principles in Compensation Management

Last Update 14 hours ago
Total Questions : 54

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Question # 1

An executive is hired at 80,000/yr. His is guaranteed a 6,000 salary increase after 6 months. What % increase is that?

Options:

A.  

6.0%

B.  

6.5%

C.  

7.0%

D.  

7.5%

Discussion 0
Question # 2

Twelve percent of your workforce of 9,500 lives in France. How many people in your workforce live in France?

Options:

A.  

962

B.  

1,000

C.  

1,140

D.  

1,212

Discussion 0
Question # 3

Which of the following is true of distribution shapes for nominal data?

Options:

A.  

They generally are normal distributions

B.  

They are best represented skewed with a tail to the left

C.  

Nominal data should be represented via pie charts only

D.  

It might be most honest to simply list the categories in alphabetical order.

Discussion 0
Question # 4

Rating employee performance on a five-point scale is most likely an example of which level of measurement?

Options:

A.  

Nominal

B.  

Ordinal

C.  

Interval

D.  

Ratio

Discussion 0
Question # 5

What type of regression model does the following equation suggest? y = a + b1x1

Options:

A.  

Multiple factor regression

B.  

Nonlinear regression

C.  

Bivariate regression

D.  

Curvilinear regression

Discussion 0
Question # 6

What is the median of the following data?

7, 17, 3, 19, 13, 9, 7

Options:

A.  

7

B.  

9

C.  

13

D.  

11

Discussion 0
Question # 7

A range can best be described as which of the following?

Options:

A.  

A measure of central tendency

B.  

The difference between the maximum value and the minimum value in a data set

C.  

A tool used to measure the variation of a data set based on the middle 50 percent of the cases

D.  

The only measure of variability appropriate for ratio data

Discussion 0
Question # 8

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%

Discussion 0
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