C12 - VARIABLE PAY- IMPROVING PERFORMANCE WITH VARIABLE PAY EXAM QUESTIONS WITH CORRECT ANSWERS
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Course
Variable pay
Institution
Variable Pay
Which of the following describes the purpose of variable pay?
(A) To reward individuals for acquisition of new skills and competencies
(B) To ensure the individuals' value relative to the labor market
(C) To differentiate the pay of individuals who achieve results from those who do not
(D) To...
C
IMPROVING PERFORMANCE
LO
WITH VARIABLE PAY EXAM
QUESTIONS WITH CORRECT
YC
ANSWERS ALL VERIFIED BY
AN EXPERT A+ GRADED
D
U
(LATEST UPDATE)
ST
, Which of the following describes the purpose of variable pay?
(A) To reward individuals for acquisition of new skills and competencies
(B) To ensure the individuals' value relative to the labor market
(C) To differentiate the pay of individuals who achieve results from those who do not
(D) To reward individuals for their sustained performance over time. - ANS (C) To differentiate
the pay of individuals who achieve results from those who do not
What business strategy often includes a combination of price, quality, dependability and ease of
purchase that competitors cannot match?
K
(A) Operational excellence
(B) Product/service leadership
C
(C) Customer intimacy - ANS (A) Operational excellence
Which of the following business objectives would relate most to a product/service leadership
LO
strategy?
(A) Improve operational efficiency
(B) Time from innovation to market
(C) Customer attraction and retention
YC
(D) Reduce costs - ANS (B) Time from innovation to market
In which of the following stages of the business life cycle would an organization generally be
focused on maintaining/increasing market share, improving productivity and reducing cost of
sales?
D
(A) Start-up
(B) Growth
(C) Mature
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(D) Decline - ANS (C) Mature
Which of the following business objectives would relate most to the start-up stage of a business
ST
life cycle?
(A) Maximize profits
(B) Product quality
(C) Maintain/increase market share
(D) Obtaining capital - ANS (D) Obtaining capital
What influences can variable pay provide in relation to organizational performance?
(A) Customer satisfaction, brand awareness and product quality
(B) Focus, alignment, motivation and reinforcement
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