Market Pricing - Module 3
62 Questions
| Attempts: 61
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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