1) An organization following a differentiation strategy would most likely offer a compensation mix which was made up of:
a. performance bonus.
b. comprehensive benefits.
c. annual salary.
d. b and c are correct.
e. All of the above.
2) When determining how to set their level of wages, an organiztaion should consider:
a. laggin the market will lead to increased pay satisfaction.
b. paying at market will decrease the number of applicants.
c. paying at market will help control labor expenses.
d. leading the market will create turnover.
e. leading the market will not attract more or better applicants.
3) Technology has impacted compensation practices in all of the following ways EXCEPT:
a. how salary survey data is collected.
b. how to determine compensable time for employees who telecommute.
c. how expatriate pay rates are determined.
d. how compensation information is tracked.
e. how wage information is shared with employees.
4) To aid in determining what is compensable work time:
a. managers need to verify the accuracy of time records submitted.
b. consistently enforce a compensable time policy and discipline as appropriate.
c. clear polices should be in place explaining what is considered compensable time.
d. a and b are correct.
e. All of the above.
5) When jobs in an organization are valued against each other rather than against some external standard of what is typically a "male" or "female" job, this is known as:
a. minimum wage.
b. internal equity.
c. living wage.
d. external equity.
e. comparable worth