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C8 Exam Dumps : Business Acumen for Compensation Professional

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Business Acumen for Compensation Professional Questions and Answers

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Question 1

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

Options:

A.

The level of formal education in each area

B.

The ability to prioritize which is most critical in any given situation and allocate time and resources accordingly

C.

The ability to tie them together, distill key messages and make impactful decisions

D.

Effective interpersonal and communication skills that can overshadow minor deficiencies in any one area

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Question 2

The XYZ Company produces innovative products and brings them to market in advance of their competitors. What strategy is XYZ using?

Options:

A.

Operational excellence

B.

Product/service leadership

C.

Customer intimacy

D.

Brand loyalty

Question 3

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?

Options:

A.

Demonstrate how it is aligned to the rewards philosophy, principles and organizational business strategy

B.

Provide details on the plan design and measures and how they will be administered to employees at different levels

C.

Make the case that a self-funded plan poses no risk to the organization while creating the potential for significant gains

D.

Identify in advance the priorities of the various stakeholders and design your presentation to address any objections or perceptions they may have

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