Examen
Strategic Compensation in Canada 6th Edition by Richard Long - Test Bank
- Cours
- Établissement
Complete Test Bank (with Questions Answers)
[Montrer plus]
1 vérifier
Par: bbtor31 • 10 mois de cela
Par: premiumbiz379 • 9 mois de cela
Thank you very much for your review. Your backup is a base of honor and courage for us.
Par: premiumbiz379 • 9 mois de cela
Thank you so much for your encouragement. Your reviews are an honor for me.
Vendeur
S'abonner
premiumbiz379
Avis reçus
Aperçu du contenu
,Indicate whether the statement is true or false.1. According to the “Road Map to Effective Compensation,” the first step is formulating your reward and compensation
strategy.
a. True
b. False
2. The optimal compensation system is one that adds the most value to the organization, after considering all its costs.
a. True
b. False
3. A compensation system has two components: base pay and performance pay.
a. True
b. False
4. There is often one so-called best compensation system that applies to a broad spectrum of organizations.
a. True
b. False
5. An effective compensation system is important to most organizations because it can mean the difference between
company success and failure.
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 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
8. 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
9. Compensation strategy includes the “how” and “how much” in terms of compensation to be paid.
a. True
b. False
10. There is no one best compensation system that fits all firms.
a. True
b. False
Indicate the answer choice that best completes the statement or answers the question.
,11. As head of the human resources department for a new company, you have been asked to formulate a compensation
strategy. What do you need to determine first?
a. the role that compensation will play in the reward system
b. the correct mix of performance and base pay
c. the total amount of compensation to be provided
d. the role the reward system will play in the compensation
strategy
12. Which statement best describes the key aspect of Maslow’s theory of needs?
a. Extrinsic rewards are more important than intrinsic rewards.
b. Intrinsic rewards are more important than extrinsic rewards.
c. Humans tend to first satisfy their basic needs before higher order needs.
d. Self-esteem needs are more closely tied to rewards than the other
needs.
13. Which of the following best describes the term “reward strategy”?
a. the means through which performance bonuses are paid
b. the mix of rewards provided to organization members
c. the means for recognizing outstanding achievement
d. the means for identifying the key contextual variables for an
organization
14. Which statement most accurately describes the optimal reward system?
a. It adds the most value to the organization after considering all its
costs.
b. It maximizes opportunities for learning and development.
c. It identifies best practices.
d. It provides whatever will satisfy the employee’s needs.
15. An owner of an enterprise asks you to describe the major components of a compensation system. What would you
exclude in your description?
a. base salary
b. performance pay
c. employee benefits
d. flexible work schedules and some element of job autonomy
16. The compensation system typically refers to which aspect of the reward system?
a. the mix of intrinsic and extrinsic rewards
b. the economic or monetary part
c. the entire spectrum of rewards
d. incentives
17. Which of the following statements most accurately describes extrinsic rewards?
a. They focus on factors inherent in the work itself—the job content.
b. They satisfy higher-order human needs.
c. They include monetary and nonmonetary rewards and come from the job context.
d. They involve skill variety, task identity, task significance, autonomy, and
feedback.
, 18. As a small business owner committed to the total rewards approach to compensation, what do you need to establish
before you start to develop your compensation system?
a. a reward system
b. an incentive program
c. a compensation
strategy
d. a reward strategy
19. You are a newly hired director of human resources for a new software company. Your CEO has asked you to provide
the board of directors with recommendations relating to the company’s yet-to-be-established reward system. What should
you tell the board?
a. The various combinations of intrinsic and extrinsic rewards need to be considered.
b. The optimal strategy is the least expensive.
c. Like most companies in Canada, we should adopt a total compensation approach.
d. The plan for creating the compensation system is the most important aspect of the
strategy.
20. Compensation means different things to different stakeholders. For shareholders, what is an important consideration?
a. take-home pay of employees
b. effectiveness of the compensation system in attracting employees
c. financial value of the compensation system to the firm’s bottom
line
d. fairness of the compensation system
21. Which of the following would be an example of an extrinsic reward?
a. interesting and meaningful work
b. pay for performance based on the number of units produced per hour
c. being able to see the company’s product being used by a satisfied customer
d. work that allows for enhanced personal development
22. Which item is considered part of a compensation system?
a. performance pay
b. flexible work schedules
c. positive organizational
culture
d. work/life programs
23. Which of the following best explains intrinsic rewards?
a. Intrinsic rewards focus on increasing an employee’s financial
position.
b. Intrinsic rewards are provided by job content.
c. Intrinsic rewards provide security and employee services.
d. Intrinsic rewards relate to bonuses based on performance.
24. A group of unionized employees negotiating a new contract is holding out for a better indirect pay plan. What should
management offer the group in order to reach an agreement?
a. better services and benefits
b. better training and development opportunities
c. pay for performance
d. a more competitive base pay
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur premiumbiz379. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour 25,37 €. Vous n'êtes lié à rien après votre achat.
Peut-on faire confiance à Stuvia ?
4.6 étoiles sur Google & Trustpilot (+1000 avis)
62555 résumés ont été vendus ces 30 derniers jours
Fondée en 2010, la référence pour acheter des résumés depuis déjà 14 ans