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Test Bank for Strategic Compensation in Canada, 7th Edition by Parbudyal Singh $29.49   Add to cart

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Test Bank for Strategic Compensation in Canada, 7th Edition by Parbudyal Singh

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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 ...

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  • April 30, 2023
  • 97
  • 2022/2023
  • Exam (elaborations)
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CHAPTER 01 7e


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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