Test Bank for Strategic Compensation in Canada, 7th Edition by Parbudyal Singh
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Course
Human resources management
Institution
Human Resources Management
Test Bank for Strategic Compensation in Canada 7e 7th Edition by Parbudyal Singh, Richard Long. ISBN-13: 8442
Full Chapters test bank included - True False and Multiple Choice Questions
Chapter 01
Chapter 02
Chapter 03
Chapter 04
Chapter 05
Chapter 06
Chapter 07
Chapter 08
Chapter 09
...
1. There is no one best compensation system that fits all firms.
*a. True
b. False
2. An effective compensation system is important to most organizations
because it can mean the difference between company success and failure.
*a. True
b. False
3. The main similarity between extrinsic rewards and intrinsic rewards
is that they both satisfy so-called higher order needs such as survival
and security.
a. True
*b. False
4. A reward strategy is the plan for the mix of rewards to be provided
to organization members along with the means through which they will be
provided.
*a. True
b. False
5. Compensation strategy includes the â œhowâ and â œhow muchâ in
terms of compensation to be paid.
*a. True
b. False
6. The main difference between a reward system and a compensation
system is that a reward system rewards only good performance while a
compensation system provides pay to all employees.
a. True
*b. False
7. A compensation system has two components: base pay and performance
pay.
a. True
*b. False
8. The optimal compensation system is one that adds the most value to
the organization, after considering all its costs.
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