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Your Path to Success: How to Pass the WorldatWork B1 Regulatory Environments for Benefits Programs Exam

Questions 21

A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?

Options:

A.

Deductible

B.

Coinsurance

C.

Coordination of benefits

D.

Out-of-pocket expenses   

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Questions 22

What is the term for the skills, technologies, applications and practices of continuous iterative exploration and investigation of past business performance used to gain insight and drive business planning?

Options:

A.

Business forecasting

B.

Business analytics

C.

Predictive modeling

D.

Statistical analysis

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Questions 23

Which one of the following should be included in a compensation guide for managers?

Options:

A.

Information on common management processes

B.

The consequences of various disciplinary measures

C.

Individual salary rates of employees in their department

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Questions 24

What type of equity incentive gives employees the right to purchase company shares at a specified price?

Options:

A.

Stock/share options

B.

Stock/share grants

C.

Restricted stock/shares

D.

Performance units   

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Questions 25

The XYZ Company opened a new manufacturing facility with a capital investment of 10,000,000. The cost to obtain the capital was 8%. In its first year of operations, the facility’s net operating profit after taxes was 10,500,000. What was the economic value added (EVA) using the EVA formula?

Options:

A.

500,000

B.

840,000

C.

8,000,000

D.

9,700,000

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Questions 26

What is one reason that it is important to perform a periodic audit of processes and results?

Options:

A.

It is required by the Department of Labor

B.

It is required in determining increase budgets

C.

It determines what information and data sources will be used in the audit

D.

It builds in a process of continuous improvement

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