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WorldatWork Regulatory Environments for Compensation Programs Sample Questions:

1. Until what age does the FLSA limit the number of hours of nonhazardous work? (...as long as the overtime pay provisions are met)

A) 18 years of age
B) 15 years of age
C) 14 years of age
D) 16 years of age

2. What is the term for the skills, technologies, applications and practices of continuous iterative exploration and investigation of past business performance used to gain insight and drive business planning?

A) Business analytics
B) Business forecasting
C) Predictive modeling
D) Statistical analysis

3. Step-rate increase programs provide employees the opportunity to receive two regular pay increases at which points?

A) At the anniversary date and at the annual merit increase date
B) At established dates and then every six months thereafter
C) On January 1 and July 1 of each year
D) Once when they move a step, and again when the step value changes

4. Which of the following statements regarding the Worker Economic Opportunity Act is most accurate?

A) Employees must hold options for at least 3 months.
B) Stock options may be granted at a 20% discount
C) Employers must include stock profits in overtime calculations.
D) Employees are not required to participate

5. Which act does the Office of Federal Contract Compliance Programs (OFCCP) enforce?

A) Vocational Rehabilitation Act
B) Civil Rights Act of 1991
C) Americans with Disabilities Act
D) Age Discrimination in Employment Act

Solutions: