Exam (elaborations)

MGMT 374 Final Exam | Questions with 100% Correct Answers

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MGMT 374

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MGMT 374

MGMT 374 Final Exam | Questions with 100% Correct Answers Developing a Pay Structure What is the most likely consequence of emphasizing the internal evaluation? Salespeople salaries likely would be reduced Developing a Pay Structure Which of the following statements is most likely true about thi...

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Uploaded on November 8, 2024
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Institution MGMT 374
Course MGMT 374

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MGMT 374 Final Exam

Developing a Pay Structure
What is the most likely consequence of emphasizing the internal evaluation?
Salespeople salaries likely would be reduced\

Developing a Pay Structure
Which of the following statements is most likely true about this case?
The pay structures suggested by the internal and external comparisons do not
necessarily converge.

Developing a Pay Structure
What is the most likely reason that people in logistics are paid less for similar work than
salespeople?
The supply of trained logistics professionals is comparatively high

Developing a Pay Structure
What would be an advantage of emphasizing the internal evaluation?
Logistics professionals would probably feel that they are being treated more fairly

Developing a Pay Structure
All other things being equal, which of these positions should be paid more?
Positions that are central to the organization's goals

I'm with the Band
If Ray decided to delayer his organization, what would he be doing?
Reducing the number of job levels to achieve flexibility in assignments

I'm with the Band
A major advantage of the delayering approach at North-West will be
more discretion to reward top performers.

I'm with the Band
Why might having broader bands help Ray attract better talent?
He will have more flexibility to meet market pay demands

I'm with the Band
How will broad-banding help Ray with the fact that his employees are reluctant to step
outside their roles?
Having fewer, broader job descriptions and less emphasis on jobs makes the roles
more flexible

, I'm with the Band
If Ray decides to implement less-defined job responsibilities, what challenge will he
have to manage carefully with regard to performance evaluation?
With less defined responsibilities, he will have to make sure that everyone understands
what's expected of them

Communicating Executive Pay
If top executive bonuses seem unrelated to organization performance, JBL employees
will wonder why they don't get increases.

Communicating Executive Pay
According to equity theory, when would executive bonuses be a problem for JBL
employees?
When comparing their salaries with executives' pay

Communicating Executive Pay
How might Katherine have provided an adequate explanation to employees regarding
the bonuses to executives?
By explaining why the pay structure is designed the way it is, and be open to listening to
their concerns

Communicating Executive Pay
A large gap between executive and employee pay, as seen here, can lead to
low customer satisfaction.

Communicating Executive Pay
A key role in explaining JBL's new bonus system will be played by
managers.

Setting Up a Pay Structure
When designing a pay structure, Tom needs to consider the total compensation for his
employees. Total compensation consists of all of the following EXCEPT
development opportunities.

Setting Up a Pay Structure
When designing a pay structure, Tom should keep in mind that all of the following are
benefits of developing a pay structure within an organization EXCEPT
attaching pay structure to specific jobs makes compensation less equitable

Setting Up a Pay Structure
What are the two important competitive market challenges WMS will face when deciding
what to pay its employees?
Product market competition and labor market competition

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Exam (elaborations)

MGMT 374 Final Exam | Questions with 100% Correct Answers

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