WorldatWork Certified Executive Compensation Professional (CECP) Certification – Achieve Success with CECP Dumps

1. Administering budgets is an example of what key competency for compensation professionals?

2. “Cost-benefit thinking” is most useful in the context of financial management for purposes of what?

3. To ensure appropriate funding levels, the compensation professional must generally do which of the following?

4. Understanding basic organization design principles is an example of what key competency for compensation professionals?

5. Assessment of current and future staffing needs should be based primarily on what?

6. What best describes a key competency of compensation professionals regarding HR management of the organization’s employees?

7. Using efficient and cost-effective approaches to integrate technology into the workplace is an example of what key competency for compensation professionals?

8. What best describes the most effective approach for facilitating fact-based decisions?

9. Using efficient and cost-effective approaches to integrate technology into the workplace is most likely to do what?

10. Regarding key competencies for financial management, HR management and resource management, what sets top performers apart?

11. What best describes a necessary skill and/or behavior in relation to business executive?

12. What is the most likely explanation for why compensation and rewards require a strong grasp of business executive for compensation professionals?

13. What best describes an effective approach for balancing multiple priorities and perspectives regarding compensation?

14. What is the primary reason why a compensation professional working for a multinational company should understand regulatory requirements and application of rewards globally?

15. You have been asked to develop a short-term incentive plan that motivates employees in business units to increase productivity. Your team has designed a plan that rewards managers and employees quarterly based on achievement against target on measures that should generate productivity increases that will self-fund the plan.

When presenting the plan to senior management, what would be the best strategy to receive approval?

16. What is the most accurate statement regarding the effect of compensation plans on the organization?

17. What best describes a benefit of business executive with regard to career development?

18. Which of the following best describes the guiding principles and/or beliefs shared by stakeholders in an organization?

19. What is a “profit model?”

20. How is the purpose of a non-profit organization typically communicated?

21. What is the most accurate definition of organizational vision?

22. What question is answered by the organization’s mission statement?

23. What is the most common term for the broad framework of principles and approaches that guide day-to-day decisions affecting the business, including how it positions itself in the market?

24. A fine jewelry chain distinguishes itself from the competition by focusing on carefully selected customers and building bonds to meet or exceed their needs and expectations.

What strategy is this company using?

25. The XYZ Company produces innovative products and brings them to market in advance of their competitors.

What strategy is XYZ using?

26. The “Value Store” retail company offers its customers low prices and ease of purchase by minimizing waste and striving for high efficiency.

What strategy is the “Value Store” using?

27. Regarding market position, a business with a high market share but low growth potential is typically referred to as what?

28. The Alpha Company was once a strong company that commanded a high percentage of the market it operated in. In recent years, Alpha has been losing market share to competitors in its primary line of business and has been unable to find a competitive strategy to grow and return to profitability.

Given its market position, how is Alpha most likely finding the monetary resources to continue operations?

29. What challenge is most likely faced by a business with low market share and high growth potential?

30. The XYZ Company focuses on maintaining/increasing market share and its products tend to be more evolutionary than revolutionary.

What stage of the business lifecycle is XYZ most likely in?

31. An organization whose focus is on obtaining capital, marketing products or services, sales growth and cash conservation is most likely to be in what stage of the business lifecycle?

32. What choices are most commonly faced by companies in the decline phase of the business lifecycle?

33. In what stage of the business lifecycle do companies typically begin standardizing procedures through policy creation?

34. What metric should compensation professionals pay closest attention to for ensuring alignment between the compensation strategy and the HR and business strategies?

35. If employees have a significant impact on the bottom line, what type of pay mix is most appropriate?