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WorldatWork C8 - Business Acumen for Compensation Professional

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Total 78 questions

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

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.

Which of the following is the best example of a variable cost?

A.

Audit fees

B.

Rent

C.

Maintenance

D.

Shipping

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

A.

Explained throughout the mission, vision, values and strategy

B.

Implied in the mission, vision and strategy and specifically explained on the organization’s website

C.

Reflected in the mission, vision, values and strategy although often not stated directly

D.

Documented internally but not released to the public to protect trade secrets and maintain competitive advantage