Which of the following is a type of variable pay?
A. Salary
B. Piece rate
C. Hourly rate
D. Commissions.
What term best describes an effective way to provide ongoing, instant information to those performing the work so that they can monitor their own performance and take steps to improve?
A. Coaching
B. Assessing
C. Rewarding
D. Grading
Which of the following is the most accurate statement about the business strategy?
A. It usually is a secondary consideration in compensation design.
B. It is the company's plan for competitive positioning of its products or services.
C. It must be written after the company's operating plans are approved by senior management.
D. It is developed for compensation, benefits and the work-life using the HR strategy as a basis.
What typically happens when employees continually upgrade and build new skills?
A. They demand higher pay
B. Their level of performance increases.
C. They become bored with their current jobs.
D. Their competitiveness increases..
What best describes the two primary elements of compensation?
A. Fixed pay and variable pay
B. Base pay and annual incentives
C. Direct and indirect compensation
D. Salary and hourly rate.
What best defines career opportunities in relation to total rewards?
A. Plans for succession of roles and responsibilities of a particular position
B. Opportunities that promote career moves into competing organizations
C. Plans that may include advancement into more responsible positions within the organization
D. Opportunities for employees to apply for open positions during a reduction in force
Which of the following is the best source for identifying the relative importance of various rewards elements to different work groups?
A. Board of directors
B. Employees
C. Senior management
D. Candidates for employment.
What is the final result of the job evaluation process?
A. The job worth hierarchy
B. The base pay structure
C. Job documentation
D. Job descriptions
Employer-sponsored death benefits are most commonly based on which of the following?
A. The size of the employee's family
B. The employee's annual salary
C. The employee's health history
D. The employee's premium contributions.
Which of the following is typically considered a health care benefit?
A. Defined benefit plan
B. Death benefits
C. Defined contribution plan
D. Vision plan.
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