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CECP Exam Dumps : Certified Executive Compensation Professional

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Certified Executive Compensation Professional Questions and Answers

Question 1

What type of pay increase is given when an organization finds that its compensation program is behind competitive market rates?

Options:

A.

General

B.

Cost of living

C.

Automatic

D.

Merit   

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Question 2

Which of the following is the best definition of variable pay?

Options:

A.

Compensation that is given in the form of perquisites such as a company car, fitness membership, paid training, etc.

B.

Compensation that is nondiscretionary and does not vary according to performance or results

C.

Compensation that is contingent on discretion, performance or results

D.

Compensation that is determined by the organization's pay structure   

Question 3

Which financial statement or combination of statements provide(s) the most comprehensive view of the company’s financial situation?

Options:

A.

The balance sheet

B.

The income statement

C.

The cash flow statement and the income statement

D.

The cash flow statement, along with the balance sheet and income statement