Total Rewards Management (T1). 1. Which of the following are three of the five elements of total rewards? A.

Base pay, variable pay and medical coverage B. Development and career opportunities, work-life and benefits C. Performance and recognition, health coverage and retirement plans D. Attraction, motivation and retention

2. What is one of the advantages of taking a total rewards approach? A. Ensures that the HR strategy will align with the business strategy B. Ensures compliance with legal and regulatory requirements C. Offers flexibility for customizing total rewards programs in unique proportions D. Offers more career opportunities for HR professionals 3. Which of the following best describes the two primary elements of compensation? A. Profit sharing and incentive pay B. Financial and nonfinancial pay C. Fixed and variable pay 4. What is the first step in building a job worth hierarchy? A. Complete the job documentation B. Complete a job analysis C. Conduct a job evaluation D. Build a base pay structure

5. Which of the following best describes the two primary elements of benefits programs? A. Income protection and pay for time not worked B. Health insurance and social security C. Medical and dental plans

6. Which of the following is a major factor influencing the growth and change of employee benefits? A. The availability and quality of internal data B. The recent market data C. The government

7. Which of the following best describes the need that work-life satisfies in the total rewards mix? A. It provides a valuable experience for ones resume. B. It addresses employees intrinsic needs. C. It provides retirement programs so employees can relax. 8. Which of the following include the four types of performance standards? A. Quality, quantity, time, process B. Quantity, effort, budget, quality C. Time, effort, process, quality D. Quality, time, resources, process 9. Which of the following best describes the term "development"? A. Advancement into a more responsible position B. Plan to pursue career goals C. Opportunities to enhance employees applied skills and competencies D. Deployment into a position where the employee can add the most value to the organization 10. Which of the following best describes the business strategy? A. A plan for the products that an organization will produce B. An organizations reason for existence or its purpose for being C. A set of beliefs or values adopted by an organization D. A broad plan for competitively positioning products supporting the mission

Human Resources Professional (Course T2) 1. Which national body initiates financial accounting standards? A. SEC B. GAAP C. IRS D. FASB 2. Which group of accounts is recorded on the income statement? A. Expenses B. Equity C. Liabilities D. Assets 3. What is an example of a noncurrent asset? A. Cash B. Machinery C. Inventory D. Marketable securities 4. In times of rising costs, which of the following would produce the most profit? A. Weighted average B. FIFO C. LIFO D. Just in time 5. Which of the following must be known in order to calculate straight-line depreciation? A. Estimated salvage value B. Units of production C. Gross market value D. Net market value 6. What is a purpose of the statement of cash flows? A. To increase the ability for a company to generate cash B. To identify the difference between net income and cash flows C. To disclose the company's amount of profit/loss D. To determine values for sales incentive/bonus plans 7. Which of the following is a profitability measure? A. Gross margin ratio B. Number of days sales in receivable C. Current ratio D. Long-term debt ratio 8. How should a company evaluate a capital project investment? A. Payback time B. Discount rate C. Future value D. Sales enhancement 9. Which of the following mandatory benefits must employers and employees pay? A. Unemployment compensation B. Workers' compensation C. FUTA D. FICA 10. Which type of retirement plan does not result in an immediate tax deduction for the organization? A. Defined contribution plan B. Defined benefit plan C. Nonqualified plan D. 401(k) deferred tax plan