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 C8 Dumps with Practice Exam Questions Answers

Questions: 78 questions

Last Update: Apr 25, 2024

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WorldatWork Certification Exam C8 has been designed to measure your skills in handling the technical tasks mentioned in the certification syllabus

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C8 Questions and Answers

Question # 1

Which financial statement or combination of statements provide(s) the most comprehensive view of the company’s financial situation?

A.

The balance sheet

B.

The income statement

C.

The cash flow statement and the income statement

D.

The cash flow statement, along with the balance sheet and income statement

Question # 2

What best describes the most effective tactic for getting stakeholders’ attention and buy-in?

A.

Ask them to review or provide feedback, especially on something you have done for them

B.

Talk to the individuals they report to in advance and gain their support so the stakeholders realize upper management already supports your position

C.

Schedule a meeting of all stakeholders and make a strong case that overcomes all of their objections

D.

Explain in precise terms to each stakeholder how your position is the most realistic approach to the issue or concern

Question # 3

What best describes a benefit of business acumen with regard to career development?

A.

The ability to display confidence and decisiveness that will inspire others and make you a better leader

B.

A greater likelihood of promotion, especially when you are competing with individuals with more experience

C.

Increased marketability, which will lead to qualification for opportunities outside of human resources

D.

It is critical to your career development and a deficiency is very likely to hinder career advancement and success.

Question # 4

Information on the annual report shows results for what time period?

A.

The calendar year from January 1 to December 31

B.

The fiscal year, which matches the calendar year from January 1 to December 31

C.

The fiscal year, which shows results from July 1 to June 30

D.

The fiscal year, which may match the calendar year or may be a different 12-month period, depending on the company

Question # 5

Your company has had a strong fiscal year with a 15% increase in net income over the prior fiscal year. Share prices are at an all time high. Working with Finance, you have arrived at a 2.5% merit increase budget for the next fiscal year, a smaller increase than the last fiscal year. Finance has indicated that some large capital expenditures will be needed next year, so the company needs to conserve resources. Additionally, Legal is in final negotiations on a lawsuit that may be very costly to the company. Word of the smaller increases has line management concerned that they will lose their best performers. Given all of these factors, what is your best course of action?

A.

Implement the merit increase budget as is because the anticipated financial obligations have made it necessary

B.

Meet with Finance and make a case for a larger merit increase budget because the loss of key talent will cost more over the long term than the savings from the smaller merit increases

C.

Gather the perspectives of all stakeholders, analyze their individual concerns and meet to determine whether a compromise solution is possible

D.

Recommend a reduction in force to eliminate poor performers, which will increase the merit budget by reducing headcount

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