Market Pricing - Module 3

62 Questions | Total Attempts: 36

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Market Pricing Quizzes & Trivia

This test is for module 3 of the Market Pricing exam for the Certified Compensation Professional Exam (CCP). QUESTIONS THAT GO BUMP IN THE NIGHT EDITION


Questions and Answers
  • 1. 
    Salary Surveys are used to:
    • A. 

      Price jobs and determine market positions

    • B. 

      Document budget and structure movement

    • C. 

      Gather data on policies and procedures

    • D. 

      All of the above

  • 2. 
    Salary surveys are used to price jobs and determine market positions.
    • A. 

      True

    • B. 

      False

  • 3. 
    Salary surveys are used to document budget and structure movement.
    • A. 

      True

    • B. 

      False

  • 4. 
    Salary surveys are used to gather data on policies and procedures.
    • A. 

      True

    • B. 

      False

  • 5. 
    Salary surveys are used to diagnose compensation problems.
    • A. 

      True

    • B. 

      False

  • 6. 
    Salary surveys are used to make informed decisions.
    • A. 

      True

    • B. 

      False

  • 7. 
    Salary surveys are used to defend current practices.
    • A. 

      True

    • B. 

      False

  • 8. 
    Salary surveys are used to analyze pay trends.
    • A. 

      True

    • B. 

      False

  • 9. 
    Salary surveys are used to identify pay practices.
    • A. 

      True

    • B. 

      False

  • 10. 
    Salary surveys are used to establish job worth hierarchies.
    • A. 

      True

    • B. 

      False

  • 11. 
    A factor when using salary surveys is availability of published data.
    • A. 

      True

    • B. 

      False

  • 12. 
    A factor when using salary surveys is moneary and opportunity cost.
    • A. 

      True

    • B. 

      False

  • 13. 
    A factor when using salary surveys is time pressures.
    • A. 

      True

    • B. 

      False

  • 14. 
    A factor when using salary surveys is in-house capabilities.
    • A. 

      True

    • B. 

      False

  • 15. 
    A factor when using salary surveys is relability considerations.
    • A. 

      True

    • B. 

      False

  • 16. 
    A factor when using salary surveys is confidentiality considerations.
    • A. 

      True

    • B. 

      False

  • 17. 
    A factor when using salary surveys is percieved credibiliy.
    • A. 

      True

    • B. 

      False

  • 18. 
    A method for aquiring data for salary surveys is to purchase published surveys.
    • A. 

      True

    • B. 

      False

  • 19. 
    A method for aquiring data for salary surveys is to participate in surveys.
    • A. 

      True

    • B. 

      False

  • 20. 
    A method for aquiring data for salary surveys is to utlize third parties.
    • A. 

      True

    • B. 

      False

  • 21. 
    A method for aquiring data for salary surveys is to design and conduct custom surveys.
    • A. 

      True

    • B. 

      False

  • 22. 
    A method for aquiring data for salary surveys is to use a telephone informal network.
    • A. 

      True

    • B. 

      False

  • 23. 
    A method for aquiring data for salary surveys is to acquire web-based data. 
    • A. 

      True

    • B. 

      False

  • 24. 
    A factor when using salary surveys is participating in surveys.
    • A. 

      True

    • B. 

      False

  • 25. 
    A factor when using salary surveys is desiging and conducting custom surveys.
    • A. 

      True

    • B. 

      False

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