Liberty University Hero

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Question 2 2.5 / 2.5 pts These compensation systems go a long way in attracting and retaining the most qualified employees and are based upon market and compensation surveys. market-competitive pay systems Question 3 2.5 / 2.5 pts Which of the following group is a stakeholder within a company? line managers Question 4 2.5 / 2.5 pts ________ refers to the design and implementation of compensation systems to reinforce the objectives of both HR strategies and competitive business strategies. Strategic compensation Question 5 2.5 / 2.5 pts A company using this competitive strategy seeks to offer a product or service that is completely unique from other competitors in their market segment. differentiation strategy

Question 6 2.5 / 2.5 pts Which of the following is typically the case for companies that operate in product markets where there is relatively little competition from other companies? higher wages and higher profits Question 7 2.5 / 2.5 pts Which term best describes the extent to which companies' operations are based on the use of large-scale equipment? capital intensity Question 8 2.5 / 2.5 pts What decision did Wal-Mart make due to the difficulty of hiring well-qualified workers, since the unemployment rate has declined? Wal-Mart substantially increased its starting pay rate. Question 9 2.5 / 2.5 pts Which factors account for considerable variation in pay between occupations? knowledge, skills, and abilities

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