Exam (elaborations)

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 ...

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Uploaded on April 30, 2023
Number of pages 97
Written in 2022/2023
Type Exam (elaborations)
Contains Questions & answers

strategic
compensation
canada
7th
edition
parbudyal
singh
richard
long
multiple choice
mcqs
quiz bank
9781774128442
tests
7e
test bank
true
false
exam bank

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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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Exam (elaborations)

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

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