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Certified Executive Compensation Professional Exam Questions and Answers

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Question 1

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

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Question 2

What do profits, equity and debt all have in common?

Options:

A.

They are all reported on the balance sheet.

B.

They are all sources of capital.

C.

They all incur the same costs to the business.

D.

Nothing. Each of these is a different financial metric.

Question 3

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

Options:

A.

Reduce compensation expense

B.

Improve program efficacy

C.

Select the best vendors

D.

Compensate employees competitively

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