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C3E Quantitative Principles in Compensation Management Questions and Answers

Questions 4

Which of the following describes an annuity?

Options:

A.

What is given up when an investment decision is made

B.

An investment that pays on a scheduled basis over a fixed amount of time

C.

Interest that is applied at the end of the period and only on the beginning balance or principle.

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Questions 5

Which of the following should be used to determine the amount of interest earned on money over a specified period of time?

Options:

A.

Percent difference

B.

Percent adjustment

C.

Compound interest

D.

Compa-ratio

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Questions 6

A range can best be described as which of the following?

Options:

A.

A measure of central tendency

B.

The difference between the maximum value and the minimum value in a data set

C.

A tool used to measure the variation of a data set based on the middle 50 percent of the cases

D.

The only measure of variability appropriate for ratio data

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Questions 7

What is the median of the following data?

7, 17, 3, 19, 13, 9, 7

Options:

A.

7

B.

9

C.

13

D.

11

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Questions 8

How much interest will you earn on 2,500 in three years, if the interest rate is 6%, and the interest is compounded annually?

Options:

A.

309

B.

477.54

C.

489.05

D.

977.54

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Exam Code: C3E
Exam Name: Quantitative Principles in Compensation Management
Last Update: Nov 21, 2024
Questions: 54

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