Question 1

A customer-focused business strategy:

Accepted Answer

A) stresses delighting customers and bases employee pay on how well they do this. 
B) focuses on business practice or process that results in better performance than one's competitors. 
C) places less emphasis on evaluating skills and jobs and more emphasis on incentives designed to encourage innovations. 
D) stresses doing more with less by minimizing costs, encouraging productivity increases, and specifying in greater detail exactly how jobs should be performed. 
E) stresses new products and short response times to market trends. 
A) stresses delighting customers and bases employee pay on how well they do this. 
B) focuses on business practice or process that results in better performance than one's competitors. 
C) places less emphasis on evaluating skills and jobs and more emphasis on incentives designed to encourage innovations. 
D) stresses doing more with less by minimizing costs, encouraging productivity increases, and specifying in greater detail exactly how jobs should be performed. 
E) stresses new products and short response times to market trends.

Question 2

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

Accepted Answer

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

Question 3

The underlying premise of the support business strategy is that the greater the alignment between the organization and the compensation system, the more effective the organization.

Accepted Answer

A) True 
 B)False

Question 4

What does the "best fit" perspective on compensation suggest?

Accepted Answer

The "best fit" perspective on compensati

Question 5

Describe the relationship between virtuous and vicious circles.

Accepted Answer

Some studies suggest that performance-ba

Question 6

A supporting compensation approach for an innovator:

Accepted Answer

A) stresses delighting customers and bases employee pay on how well they do this. 
B) seldom stresses on innovations or risk taking. 
C) stresses doing more with less by minimizing costs and specifying in greater detail exactly how jobs should be performed. 
D) places less emphasis on evaluating skills and jobs and more emphasis on incentives designed to encourage innovations. 
E) focuses on system control and work specifications. 
A) stresses delighting customers and bases employee pay on how well they do this. 
B) seldom stresses on innovations or risk taking. 
C) stresses doing more with less by minimizing costs and specifying in greater detail exactly how jobs should be performed. 
D) places less emphasis on evaluating skills and jobs and more emphasis on incentives designed to encourage innovations. 
E) focuses on system control and work specifications.

Question 7

Mapping a total compensation strategy includes setting objectives and specifying policies on _.

Accepted Answer

A) contributions 
B) social and political context 
C) employee/union needs 
D) HR systems 
E) core culture/values 
A) contributions 
B) social and political context 
C) employee/union needs 
D) HR systems 
E) core culture/values

Question 8

The pay strategy is not influenced by how well it fits with other HR systems in the organization.

Accepted Answer

A) True 
 B)False

Question 9

What is meant by a strategic perspective?

Accepted Answer

Strategic perspective refers t

A customer-focused business strategy:

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

The underlying premise of the support business strategy is that the greater the alignment between the organization and the compensation system, the more effective the organization.

What does the "best fit" perspective on compensation suggest?

Describe the relationship between virtuous and vicious circles.

A supporting compensation approach for an innovator:

Mapping a total compensation strategy includes setting objectives and specifying policies on _.

The pay strategy is not influenced by how well it fits with other HR systems in the organization.

What is meant by a strategic perspective?

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

A customer-focused business strategy:

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

The underlying premise of the support business strategy is that the greater the alignment between the organization and the compensation system, the more effective the organization.

What does the "best fit" perspective on compensation suggest?

Describe the relationship between virtuous and vicious circles.

A supporting compensation approach for an innovator:

Mapping a total compensation strategy includes setting objectives and specifying policies on _.

The pay strategy is not influenced by how well it fits with other HR systems in the organization.

What is meant by a strategic perspective?

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