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UCF QMB3200 MIDTERM STUDY EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

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Analytics - ANS the scientific process of transforming data into insight for making better decisions Descriptive Analytics - ANS Analytical techniques that describe what has happened in the past. Predictive Analytics - ANS Analytical techniques that use models constructed from past data to predict the future or assess the impact of one variable on another. Prescriptive Analytics - ANS Analytical techniques that yield a course of action. Big Data - ANS A set of data tha...

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NIC ESTHETICS PRACTICE EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

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Which of the following are primary colors? - ANS Yellow, red, and blue. Which of the following is an example of sensitive, dilated skin that can benefit from soothing treatments? - ANS Rosacea Which of the following is a common fungal infection on the hands and feet? - ANS Tinea Which of the following is the appropriate sequence of events in the first aid procedure for bleeding wounds? - ANS Cover wound, apply pressure, elevate injured limb, apply bandage Which piece of elect...

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C12 - VARIABLE PAY MODULE 2 TYPES OF VARIABLE PAY (43%) EXAM QUESTIONS WITH CORRECT ANSWERS

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Three categories of variable pay - ANS - Incentives - Bonuses - Recognition Incentives - ANS - Criteria determined in advance - Payout varies with performance - Monetary (cash or equity) or non-monetary (gift, travel) - Self funded or budgeted - Nondiscretionary - Formulaic Bonuses - ANS - Completion of specific task - Amount determined in advance - Monetary - Budgeted - Nondiscretionary Recognition - ANS - Criteria broadly defined and subjective - Awarded spontaneou...

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C12 - VARIABLE PAY EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

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Elements of compensation - ANS Fixed & variable pay Fixed pay - ANS non discretionary compensation. base salary. based on value variable pay - ANS discretionary or out based on criteria. pay rewards for accomplishments & results: org, group or individual results Variable pay goal - ANS improve org perf. first understand business strategy & objectives Bus Strategy: Operational Excellence - ANS price/cost based strategy. price, quality, dependability & ease of purchase that ...

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C12 - TOTAL REWARDS AND VARIABLE PAY EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

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total rewards - ANS monetary and non-monetary returns provided to employees for their time, talents, efforts and results total rewards strategy - ANS the art of combining the five key elements into tailored packages designed to achieve optimal engagement. five elements of total rewards strategy - ANS compensation, benefits, work-life, performance an recognition, development and career opportunities. elements of compensation - ANS fixed pay and variable pay fixed pay - ANS n...

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C12 - VARIABLE PAY- IMPROVING PERFORMANCE WITH VARIABLE PAY (PART 2) EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

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Two Primary Elements of Compensation - ANS Fixed pay rewards are based on an employee's value - Market based = rewards ind for their value relative to the labor market - Performance based = rewards ind for their sustained performance over time - Skill based = rewards ind for their acquisition of new skills and competencies Variable pay rewards for accomplishments and results - Organizational, group or individual results - Performance-based compensation - Flexible and adaptable T...

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C12 - VARIABLE PAY- IMPROVING PERFORMANCE WITH VARIABLE PAY EXAM QUESTIONS WITH CORRECT ANSWERS

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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 ...

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C12 - WORLD AT WORK VARIABLE PAY- IMPROVING PERFORMANCE WITH VARIABLE PAY EXAM QUESTIONS WITH CORRECT ANSWERS

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Total rewards includes all the tools available to the employer that may be used to - ANS attract motivate engage retain employees Total rewards includes - ANS compensation benefits work-life effectiveness recognition performance management talent development Elements of Compensation - ANS fixed and variable pay Fixed pay is - ANS a non discretionary compensation that does not regularly vary according to performance or results achieved. Primary examples of Fixed pay a...

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