17565909
Description
Quiz by jen justice, updated more than 1 year ago
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Created by jen justice
about 5 years ago
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Question 1
Question
A comprehensive approach to compensating and rewarding employees is frequently referred to as
Answer
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total compensation.
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total rewards.
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total benefits.
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complete compensation.
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total direct compensation.
Question 2
Question
________ compensation refers to the financial rewards employees receive in exchange for their work.
Answer
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Base pay
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Indirect
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Direct
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Total
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Traditional
Question 3
Question
The __________ and services employees receive in exchange for their work is called _________________.
Answer
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pay; direct compensation
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benefits; indirect compensation
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commission; pay
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training; total rewards
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benefits; direct compensation
Question 4
Question
Job structure consists of the _________ for different jobs within the organization.
Answer
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relative pay
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fixed pay
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incentive plans
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pay levels
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base pay
Question 5
Question
Pay structures are developed based on which of the following?
Answer
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legal requirements
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market forces
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organization's goals
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All of the answers are correct.
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market forces and organization's goals
Question 6
Question
The procedure through which an organization compares its own practices to those of successful competitors is known as
Answer
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gainsharing.
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commercial intelligence.
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benchmarking.
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profiling.
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None of the choices are correct.
Question 7
Question
Many organizations group jobs into sets of jobs having similar worth or content called
Answer
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pay grades.
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hourly rates.
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pay policy groups.
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pay ranges.
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broadbands.
Question 8
Question
What type of pay system sets pay according to the employee's level of skill or knowledge and what they are capable of doing?
Answer
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broadbanding
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pay for individual performance
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competency-based pay system
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variable pay
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standard hour plan
Question 9
Question
Organizations that want employees to focus on efficiency may adopt a _________ program, which measures increases in productivity and effectiveness and distributes a portion of each gain to employees.
Answer
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commission
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piecework
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gainsharing
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merit pay
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bonus
Question 10
Question
Profit sharing involves awarding pay
Answer
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that then becomes part of employees' base pay, in a manner similar to merit pay.
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in order to discourage employees from thinking like owners.
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based on individual performance.
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that is a percentage of the organization's profits.
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All of the answers are correct.
Question 11
Question
Stock ownership plans
Answer
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make employees part owners of the organization.
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are intended to encourage employees to focus on the success of the organization as a whole.
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may not have a strong effect on individuals' motivation.
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usually take the form of stock options or employee stock ownership plans.
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All of the choices are correct.
Question 12
Question
The Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP) are
Answer
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required by law.
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mandatory.
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contributory.
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Required by law and mandatory.
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All of the answers are correct.
Question 13
Question
Incentive pay is also referred to as
Answer
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piecework rate.
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market rate.
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variable pay.
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pay for performance.
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variable pay and pay for performance
Question 14
Question
A gradual transition into full retirement by reducing hours or job responsibility is called
Answer
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phased retirement.
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defined retirement.
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flexible retirement.
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deferred retirement.
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paced retirement.
Question 15
Question
Which of the following is a way to communicate total rewards information to employees?
Answer
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question and answer meetings
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online total rewards statements
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intranet pages
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brochures
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All of the choices are correct.
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