Question 1

Define defenders and prospectors as referred to by Miles and Snow.

Accepted Answer

According to Miles and Snow,de

Question 2

When Microsoft replaced stock options with stock awards,they were asking employees to put more "skin in the game".

Accepted Answer

A) True 
 B)False

Question 3

Decisions regarding what forms compensation should be are part of _____.

Accepted Answer

A)  internal alignment 
B)  external competitiveness 
C)  employee contributions 
D)  management 
A)  internal alignment 
B)  external competitiveness 
C)  employee contributions 
D)  management

Question 4

IBM was discussed as an example of an organization that changed it pay system and strategy to meet a different business strategy.

Accepted Answer

A) True 
 B)False

Question 5

In the formula predicting performance,the component most closely related to compensation is ___________

Accepted Answer

A) A 
B) M 
C) O 
D) C 
A) A 
B) M 
C) O 
D) C

Question 6

What business should a company be in and how does the company win are questions that are a part of mapping a total compensation strategy.

Accepted Answer

A) True 
 B)False

Question 7

All of the following except __________ are compensation systems associated with an innovator strategy.

Accepted Answer

A)  reward innovation in products and processes 
B)  market-based pay 
C)  flexible job descriptions 
D)  customer satisfaction incentives 
A)  reward innovation in products and processes 
B)  market-based pay 
C)  flexible job descriptions 
D)  customer satisfaction incentives

Question 8

Among unconventional benefits,U.S.workers in the Hudson's survey rated _____ as their most preferred.

Accepted Answer

A) more supplemental insurance 
B) more job training 
C) a more flexible work schedule 
D) more personal days and family leave 
A) more supplemental insurance 
B) more job training 
C) a more flexible work schedule 
D) more personal days and family leave

Question 9

Which of the following tests of competitive advantage is the easiest test to pass?

Accepted Answer

A)  Alignment 
B)  Differentiation 
C)  Integration 
D)  Adding value 
A)  Alignment 
B)  Differentiation 
C)  Integration 
D)  Adding value

Question 10

_____ is a "best practice".

Accepted Answer

A)  Smaller internal pay differences 
B)  Larger internal pay differences 
C)  Both smaller and larger internal pay differences 
D)  Neither smaller nor larger internal pay differences 
A)  Smaller internal pay differences 
B)  Larger internal pay differences 
C)  Both smaller and larger internal pay differences 
D)  Neither smaller nor larger internal pay differences

Question 11

Unlimited compensation choices by employees would meet with disapproval from the U.S.Internal Revenue Service.

Accepted Answer

A) True 
 B)False

Question 12

Work/life balance issues are part of competitiveness decisions in the pay model.

Accepted Answer

A) True 
 B)False

Question 13

Customer-focused pay strategies are very likely to use market-based pay.

Accepted Answer

A) True 
 B)False

Question 14

Career growth,hierarchy and flexible design are examples of choices related to the _____ strategy choice of total compensation.

Accepted Answer

A)  objectives 
B)  internal alignment 
C)  external competitiveness 
D)  employee contributions 
A)  objectives 
B)  internal alignment 
C)  external competitiveness 
D)  employee contributions

Question 15

Strategy refers to the fundamental direction that an organization chooses.

Accepted Answer

A) True 
 B)False

Question 16

At the corporate level,a strategic compensation perspective addresses the question:

Accepted Answer

A)  What business should we be in? 
B)  What is our desired return on assets? 
C)  How can our total compensation help gain competitive advantage to achieve organization success? 
D)  How can job analysis help us select the most appropriate certain compensation technique(s) for our organization? 
A)  What business should we be in? 
B)  What is our desired return on assets? 
C)  How can our total compensation help gain competitive advantage to achieve organization success? 
D)  How can job analysis help us select the most appropriate certain compensation technique(s) for our organization?

Question 17

Whole Foods' policy of holding executive salaries to no more than 14 times average pay of full-time employees is an example of which strategic pay decision?

Accepted Answer

A)  External competitiveness 
B)  Employee contributions 
C)  Management 
D)  Internal alignment 
A)  External competitiveness 
B)  Employee contributions 
C)  Management 
D)  Internal alignment

Question 18

When an organization uses pay for performance and performance is improving,this is a virtuous circle.

Accepted Answer

A) True 
 B)False

Question 19

"Everyone wears several hats" and "succeed by working together" are examples of which of the following?

Accepted Answer

A)  Objectives 
B)  Internal alignment 
C)  Externally competitive 
D)  Employee contributions 
A)  Objectives 
B)  Internal alignment 
C)  Externally competitive 
D)  Employee contributions

Question 20

What are the different levels of strategy and the strategic choices in each level?

Accepted Answer

There are three levels of strategy,(i)th

Define defenders and prospectors as referred to by Miles and Snow.

When Microsoft replaced stock options with stock awards,they were asking employees to put more "skin in the game".

Decisions regarding what forms compensation should be are part of _____.

IBM was discussed as an example of an organization that changed it pay system and strategy to meet a different business strategy.

In the formula predicting performance,the component most closely related to compensation is ___________

What business should a company be in and how does the company win are questions that are a part of mapping a total compensation strategy.

All of the following except __________ are compensation systems associated with an innovator strategy.

Among unconventional benefits,U.S.workers in the Hudson's survey rated _____ as their most preferred.

Which of the following tests of competitive advantage is the easiest test to pass?

_____ is a "best practice".

Unlimited compensation choices by employees would meet with disapproval from the U.S.Internal Revenue Service.

Work/life balance issues are part of competitiveness decisions in the pay model.

Customer-focused pay strategies are very likely to use market-based pay.

Career growth,hierarchy and flexible design are examples of choices related to the _____ strategy choice of total compensation.

Strategy refers to the fundamental direction that an organization chooses.

At the corporate level,a strategic compensation perspective addresses the question:

Whole Foods' policy of holding executive salaries to no more than 14 times average pay of full-time employees is an example of which strategic pay decision?

When an organization uses pay for performance and performance is improving,this is a virtuous circle.

"Everyone wears several hats" and "succeed by working together" are examples of which of the following?

What are the different levels of strategy and the strategic choices in each level?

The Pay Model

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, mix, and Pay Structures

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters

Exam 2: Strategy: The Totality of Decisions

Define defenders and prospectors as referred to by Miles and Snow.

When Microsoft replaced stock options with stock awards,they were asking employees to put more "skin in the game".

Decisions regarding what forms compensation should be are part of _____.

IBM was discussed as an example of an organization that changed it pay system and strategy to meet a different business strategy.

In the formula predicting performance,the component most closely related to compensation is ___________

What business should a company be in and how does the company win are questions that are a part of mapping a total compensation strategy.

All of the following except __________ are compensation systems associated with an innovator strategy.

Among unconventional benefits,U.S.workers in the Hudson's survey rated _____ as their most preferred.

Which of the following tests of competitive advantage is the easiest test to pass?

_____ is a "best practice".

Unlimited compensation choices by employees would meet with disapproval from the U.S.Internal Revenue Service.

Work/life balance issues are part of competitiveness decisions in the pay model.

Customer-focused pay strategies are very likely to use market-based pay.

Career growth,hierarchy and flexible design are examples of choices related to the _____ strategy choice of total compensation.

Strategy refers to the fundamental direction that an organization chooses.

At the corporate level,a strategic compensation perspective addresses the question:

Whole Foods' policy of holding executive salaries to no more than 14 times average pay of full-time employees is an example of which strategic pay decision?

When an organization uses pay for performance and performance is improving,this is a virtuous circle.

"Everyone wears several hats" and "succeed by working together" are examples of which of the following?

What are the different levels of strategy and the strategic choices in each level?

The Pay Model

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, mix, and Pay Structures

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters