Question 1

According to the pay model, the strategic compensation decisions regarding management involve:

Accepted Answer

A) how pay increases should be based. 
B) how the different types and levels of skills and work should be paid within the organization. 
C) how total compensation should be positioned against competitors. 
D) how open and transparent the pay decisions should be to all employees. 
E) how compensation should support the business strategy and be adaptive to the cultural and regulatory pressures in a global environment. 
A) how pay increases should be based. 
B) how the different types and levels of skills and work should be paid within the organization. 
C) how total compensation should be positioned against competitors. 
D) how open and transparent the pay decisions should be to all employees. 
E) how compensation should support the business strategy and be adaptive to the cultural and regulatory pressures in a global environment.

Question 2

Managing the links between the compensation strategy and the pay system as well as people's perceptions and behaviours is vital to implementing a(n):

Accepted Answer

A) organizational hierarchy. 
B) strategic alliance. 
C) pay strategy. 
D) association perspective. 
E) planned perception. 
A) organizational hierarchy. 
B) strategic alliance. 
C) pay strategy. 
D) association perspective. 
E) planned perception.

Question 3

Of the three tests of competitive advantage-align, differentiate, add value-align is the most difficult.

Accepted Answer

A) True 
 B)False

Question 4

Describe the process of developing a total compensation strategy.

Accepted Answer

reassess a

Question 5

List the aspects of alignment of the pay strategy.

Accepted Answer

alignment

Question 6

Taking a strategic perspective requires a focus on compensation decisions that helps the organization gain and sustain competitive advantage.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following pay strategies is a source of competitive advantage?

Accepted Answer

A) a pay strategy that specifies low base pay and high job security 
B) a pay strategy that overemphasizes on outstanding employee performance and commitment 
C) a pay strategy that ignores individual attitudes and preferences 
D) a pay strategy that adds value and is difficult for employers to imitate 
E) a pay strategy that emphasizes on work/life programs over cash compensation and giving only limited bonuses and no stock awards 
A) a pay strategy that specifies low base pay and high job security 
B) a pay strategy that overemphasizes on outstanding employee performance and commitment 
C) a pay strategy that ignores individual attitudes and preferences 
D) a pay strategy that adds value and is difficult for employers to imitate 
E) a pay strategy that emphasizes on work/life programs over cash compensation and giving only limited bonuses and no stock awards

Question 8

Which of the following is a step in the development of the total compensation strategy that deals with competitive dynamics?

Accepted Answer

A) implementing strategy 
B) mapping a total compensation strategy 
C) assessing total compensation implications 
D) reassessing the fit 
E) implementing cultural and regulatory progress 
A) implementing strategy 
B) mapping a total compensation strategy 
C) assessing total compensation implications 
D) reassessing the fit 
E) implementing cultural and regulatory progress

Question 9

According to the steps involved in the formulation of a total compensation strategy, which of the following is the next step after deciding on a total compensation strategy?

Accepted Answer

A) implementing strategy 
B) realigning as conditions change 
C) reassessing the fit 
D) assessing total compensation implications 
E) realigning as strategy changes 
A) implementing strategy 
B) realigning as conditions change 
C) reassessing the fit 
D) assessing total compensation implications 
E) realigning as strategy changes

Question 10

A business practice or process that results in better performance than one's competitors is known as _.

Accepted Answer

A) association perspective 
B) competitive advantage 
C) strategic alliance 
D) strategic perspective 
E) planned perception 
A) association perspective 
B) competitive advantage 
C) strategic alliance 
D) strategic perspective 
E) planned perception

Question 11

Government relations to influence laws and regulations are never a part of compensation strategies.

Accepted Answer

A) True 
 B)False

Question 12

How do employee preferences influence the formulation of an organization's total compensation strategy?

Accepted Answer

The simple fact that employees differ is

Question 13

A focus on compensation decisions that help the organization gain and sustain competitive advantage is known as _.

Accepted Answer

A) strategic alliance 
B) strategic perspective 
C) association perspective 
D) competitive heterogeneity 
E) planned perception 
A) strategic alliance 
B) strategic perspective 
C) association perspective 
D) competitive heterogeneity 
E) planned perception

Question 14

According to the pay model, the strategic compensation decisions regarding objectives involve:

Accepted Answer

A) how compensation should support the business strategy and be adaptive to the cultural and regulatory pressures in a global environment. 
B) how pay increases should be based. 
C) how the different types and levels of skills and work should be paid within the organization. 
D) how total compensation should be positioned against competitors. 
E) how open and transparent the pay decisions should be to all employees. 
A) how compensation should support the business strategy and be adaptive to the cultural and regulatory pressures in a global environment. 
B) how pay increases should be based. 
C) how the different types and levels of skills and work should be paid within the organization. 
D) how total compensation should be positioned against competitors. 
E) how open and transparent the pay decisions should be to all employees.

Question 15

Union interests are part of the environmental pressures that help shape compensation strategies.

Accepted Answer

A) True 
 B)False

Question 16

An unstated compensation strategy is inferred from an organization's compensation practices.

Accepted Answer

A) True 
 B)False

Question 17

A pay strategy is a source of competitive advantage:

Accepted Answer

A) if it rarely aligns. 
B) if it offers stock options. 
C) if it seldom provides value. 
D) if it defers taxes. 
E) if it differentiates. 
A) if it rarely aligns. 
B) if it offers stock options. 
C) if it seldom provides value. 
D) if it defers taxes. 
E) if it differentiates.

Question 18

Internal alignment suggests that:

Accepted Answer

A) paying higher than the average wage offered by competitors can affect results. 
B) rather than focusing on only one dimension of the pay strategy, such as pay for performance or internal pay differences, all dimensions need to be considered together. 
C) both smaller and larger pay differences among jobs inside an organization can affect results. 
D) embedding compensation strategy within the broader HR strategy affects results. 
E) performance-based pay can affect results. 
A) paying higher than the average wage offered by competitors can affect results. 
B) rather than focusing on only one dimension of the pay strategy, such as pay for performance or internal pay differences, all dimensions need to be considered together. 
C) both smaller and larger pay differences among jobs inside an organization can affect results. 
D) embedding compensation strategy within the broader HR strategy affects results. 
E) performance-based pay can affect results.

Question 19

Which of the following organizational practices assumes that paying higher than the average paid by competitors can affect results?

Accepted Answer

A) internal alignment 
B) external competitiveness 
C) compensation strategy 
D) employee contributions 
E) managing compensation 
A) internal alignment 
B) external competitiveness 
C) compensation strategy 
D) employee contributions 
E) managing compensation

Question 20

Which of the following is the first step in the development of the total compensation strategy?

Accepted Answer

A) mapping a total compensation strategy 
B) reassessing the fit 
C) implementing strategy 
D) assessing total compensation implications 
E) realigning as strategy changes 
A) mapping a total compensation strategy 
B) reassessing the fit 
C) implementing strategy 
D) assessing total compensation implications 
E) realigning as strategy changes

According to the pay model, the strategic compensation decisions regarding management involve:

Managing the links between the compensation strategy and the pay system as well as people's perceptions and behaviours is vital to implementing a(n):

Of the three tests of competitive advantage-align, differentiate, add value-align is the most difficult.

Describe the process of developing a total compensation strategy.

List the aspects of alignment of the pay strategy.

Taking a strategic perspective requires a focus on compensation decisions that helps the organization gain and sustain competitive advantage.

Which of the following pay strategies is a source of competitive advantage?

Which of the following is a step in the development of the total compensation strategy that deals with competitive dynamics?

According to the steps involved in the formulation of a total compensation strategy, which of the following is the next step after deciding on a total compensation strategy?

A business practice or process that results in better performance than one's competitors is known as _.

Government relations to influence laws and regulations are never a part of compensation strategies.

How do employee preferences influence the formulation of an organization's total compensation strategy?

A focus on compensation decisions that help the organization gain and sustain competitive advantage is known as _.

According to the pay model, the strategic compensation decisions regarding objectives involve:

Union interests are part of the environmental pressures that help shape compensation strategies.

An unstated compensation strategy is inferred from an organization's compensation practices.

A pay strategy is a source of competitive advantage:

Internal alignment suggests that:

Which of the following organizational practices assumes that paying higher than the average paid by competitors can affect results?

Which of the following is the first step in the development of the total compensation strategy?

The Pay Model

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Pay Structures

Defining Competitiveness

Designing Pay Levels, Pay Mix, and Pay Structures

Employee Benefits

Pay for Performance: Performance Appraisal and Plan Design

Pay-For-Performance Plans

The Role of Governments and Unions in Compensation

Compensation Budgets and Administration

Filters

Exam 2: Strategy: the Totality of Decisions

According to the pay model, the strategic compensation decisions regarding management involve:

Managing the links between the compensation strategy and the pay system as well as people's perceptions and behaviours is vital to implementing a(n):

Of the three tests of competitive advantage-align, differentiate, add value-align is the most difficult.

Describe the process of developing a total compensation strategy.

List the aspects of alignment of the pay strategy.

Taking a strategic perspective requires a focus on compensation decisions that helps the organization gain and sustain competitive advantage.

Which of the following pay strategies is a source of competitive advantage?

Which of the following is a step in the development of the total compensation strategy that deals with competitive dynamics?

According to the steps involved in the formulation of a total compensation strategy, which of the following is the next step after deciding on a total compensation strategy?

A business practice or process that results in better performance than one's competitors is known as _.

Government relations to influence laws and regulations are never a part of compensation strategies.

How do employee preferences influence the formulation of an organization's total compensation strategy?

A focus on compensation decisions that help the organization gain and sustain competitive advantage is known as _.

According to the pay model, the strategic compensation decisions regarding objectives involve:

Union interests are part of the environmental pressures that help shape compensation strategies.

An unstated compensation strategy is inferred from an organization's compensation practices.

A pay strategy is a source of competitive advantage:

Internal alignment suggests that:

Which of the following organizational practices assumes that paying higher than the average paid by competitors can affect results?

Which of the following is the first step in the development of the total compensation strategy?

The Pay Model

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Pay Structures

Defining Competitiveness

Designing Pay Levels, Pay Mix, and Pay Structures

Employee Benefits

Pay for Performance: Performance Appraisal and Plan Design

Pay-For-Performance Plans

The Role of Governments and Unions in Compensation

Compensation Budgets and Administration

Filters