COMPENSATION QUIZ

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School

Fanshawe College *

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Course

6044

Subject

Management

Date

Apr 3, 2024

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docx

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Uploaded by CommodoreEchidna3839

Question 1 (1 point) Saved Listen 19 What does a firm's compensation strategy identify? Question 1 options: a. all of the financial and nonfinancial rewards of work b. the total amount of cash compensation employees will receive c. the mix of intrinsic rewards d. the mix and total amount of base, performance, and indirect pay Question 2 (1 point) Saved Listen Which of the following items is a component of the compensation strategy? Question 2 options: a. employee benefits b. employment security c. promotion criteria d. compensation plan Question 3 (1 point) Saved Listen Three of the key criteria for evaluating a compensation system are whether it promotes achievement of organizational goals, whether it is seen as equitable, and whether it promotes the full spectrum of task behaviour. Question 3 options: True False Quiz

Previous PageNext Page Page 2 of 10 Question 4 (1 point) Saved Listen Which of the following best explains intrinsic rewards? Question 4 options: a. Intrinsic rewards focus on increasing an employee's financial position. b. Intrinsic rewards are provided by job content. c. Intrinsic rewards provide security and employee services. d. Intrinsic rewards relate to bonuses based on performance. Question 5 (1 point) Saved Listen Which statement best describes the difference between the terms "rewards" and "incentives"? Question 5 options: a. Rewards are given to satisfy basic human needs, while incentives are used to satisfy higher-order human needs. b. Rewards serve to recognize valued behaviour, while incentives are intended to produce valued behaviour. c. Rewards are job-context related, while incentives are job-content related. d. Rewards are used to influence future performance, and incentives are given to recognize past work behaviour. Question 6 (1 point) Saved Listen Which of the following would be the best choice for a compensation system? Question 6 options: a. A competitive base pay and incentives are offered.

b. Employees share in the organization's profits. c. Compensation is linked to knowledge. d. The system is cost effective and achieves company goals. Previous PageNext Page Page 2 of 10 Submit Quiz 30 of 30 questions saved Listen Quiz Previous PageNext Page Page 3 of 10 Question 7 (1 point) Saved Listen Your company is experiencing high turnover and poor work quality. Exit interviews indicate that a large percentage of employees indicate boredom as the primary cause for quitting your company. Almost 100 percent were satisfied with their compensation packages. Which of the following actions may reduce your high turnover rate? Question 7 options: a. providing a pension option and offering a retirement planning service b. introducing pay-for-performance plans c. trying to enrich the jobs to make them more interesting d. offering dental and medical coverage Question 8 (1 point) Saved Listen Which of the following statements is supported by evidence in the textbook? Question 8 options:

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a. Canadian firms spend 40 to 70 percent of their capital budgets on compensation. b. Properly designed compensation systems usually promote unproductive behaviour. c. Reward systems should be static and rarely reviewed. d. Canadian firms spend 40 to 70 percent of their operating budgets on compensation. Question 9 (1 point) Saved Listen A group of unionized employees negotiating a new contract is holding out for a better indirect pay plan. What should management offer the group in order to reach an agreement? Question 9 options: a. better services and benefits b. better training and development opportunities c. pay for performance d. a more competitive base pay Previous PageNext Page Page 3 of 10 Submit Quiz 30 of 30 questions saved Listen Quiz Previous PageNext Page Page 4 of 10 Question 10 (1 point) Saved Listen The compensation system typically refers to which aspect of the reward system? Question 10 options: a. the mix of intrinsic and extrinsic rewards b. the economic or monetary part

c. the entire spectrum of rewards d. incentives Question 11 (1 point) Saved Listen An organization's domain is simply another term for managerial strategy or plan. Question 11 options: True False Question 12 (1 point) Saved Listen What can you determine by examining a firm's contextual variables? Question 12 options: a. the managerial strategy that a firm is actually using b. the type of structure the organization should be using c. the firm's competitive advantage and required resources d. organizational goals, mission, and vision Previous PageNext Page Page 4 of 10 Submit Quiz 30 of 30 questions saved Listen Quiz Previous PageNext Page Page 5 of 10 Question 13 (1 point) Saved

Listen Which of the following variables indicates to management the most appropriate managerial strategy to use in an organization? Question 13 options: a. organizational processes b. factors of production c. contextual variables d. structural variables Question 14 (1 point) Saved Listen Contextual variables such as managerial strategy provide the link to structural variables. Question 14 options: True False Question 15 (1 point) Saved Listen According to the textbook, which of the following terms would best describe an analyzer business strategy? Question 15 options: a. speed b. slow c. balance d. classical Previous PageNext Page Page 5 of 10

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Submit Quiz 30 of 30 questions saved Listen Quiz Previous PageNext Page Page 6 of 10 Question 16 (1 point) Saved Listen To determine the most appropriate managerial strategy for a firm to utilize, it is necessary to examine the firm's structural variables. Question 16 options: True False Question 17 (1 point) Saved Listen As a human resources consultant, you decided to recommend to a business owner that she should use a contingency view to organizational design. In order to support your recommendation, what would you look at first from a business structure perspective? Question 17 options: a. structural variables b. job design variables c. financial variables d. contextual variables Question 18 (1 point) Saved Listen

Which of the following sets of strategies reflects different assumptions about employees and how they should be managed? Question 18 options: a. classical, human relations, and high-involvement b. low-cost, differentiator, and focused differentiator c. corporate, competitive, and business d. defender, prospector, and analyzer Previous PageNext Page Page 6 of 10 Submit Quiz 30 of 30 questions saved Listen Quiz Previous PageNext Page Page 7 of 10 Question 19 (1 point) Saved Listen The three main managerial strategies described in the text are: the classical style, the human relations style, and the high involvement style. Question 19 options: True False Question 20 (1 point) Saved Listen Which of the following conditions has NOT made it increasingly difficult for Canadian firms to make the classical managerial strategy work for them?

Question 20 options: a. Educational levels have increased. b. Globalization has allowed work to be outsourced to a variety of developing countries. c. Economic security and social security have improved. d. Social values have become more democratic and egalitarian. Question 21 (1 point) Saved Listen Which of the following scenarios is reflective of an organization displaying procedural justice in their reward system? Question 21 options: a. Pay is not similar for employees performing at the same general level. b. Pay is attached to increases in consumer price indexes regardless of actual performance. c. Employees are able to appeal pay increase decisions using a transparent appeal process. d. Employees are not able to articulate when and how pay increases are provided. Previous PageNext Page Page 7 of 10 Submit Quiz 30 of 30 questions saved Listen Quiz Previous PageNext Page Page 8 of 10 Question 22 (1 point) Saved Listen Reward dissatisfaction can result from any of the following: violation of psychological contract, perceived inequity, lack of organizational justice, and relative deprivation. Question 22 options:

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True False Question 23 (1 point) Saved Listen A particular company employing a human relations management strategy begins to experience significant decreases in revenue and profits. As a result, it decides to cut back on some indirect pay rewards. What do you believe will be the impact to this organization as a result of their compensation decision? Question 23 options: a. Employees will begin to work hard to make up for the shortfall. b. Employees will have less trust in management, moving forward. c. Employees will start to suggest to management ways to reduce expenses. d. Employees will suggest to management that their management strategy should be modified to reflect a high involvement strategy. Question 24 (1 point) Saved Listen Which of the following employee behaviours is appropriate for firms using a classical managerial strategy? Question 24 options: a. membership behaviour b. organizational citizenship behaviour c. task behaviour d. all behaviours Previous PageNext Page Page 8 of 10 Submit Quiz 30 of 30 questions saved

Listen Quiz Previous PageNext Page Page 9 of 10 Question 25 (1 point) Saved Listen Which of the following short scenarios best describes organizational citizenship behaviour? Question 25 options: a. Joe, a shop mechanic, approaches management with an initiative that will improve customer service. b. Duane, a faculty member, starts and finishes his lectures on time as per his syllabus. c. Mary, a university graduate, was so impressed with company ABC that she decided to join the company. Ten years later she was still working for ABC. d. Carlos "volunteers" for special community events on behalf of his company only when he is paid overtime. Question 26 (1 point) Saved Listen The key employee attitudes are flexibility, citizenship, and individual goal commitment. Question 26 options: True False Question 27 (1 point) Saved Listen According to expectancy theory, which of the following would be an example of negative instrumentality? Question 27 options: a. You believe that no matter how hard you work your performance will not be recognized.

b. You do not have confidence in your ability to perform the required task. c. You do not value the reward. d. You are not motivated to exert any effort. Previous PageNext Page Page 9 of 10 Submit Quiz 30 of 30 questions saved Listen Quiz Previous PageNext Page Page 10 of 10 Question 28 (1 point) Saved Listen An employee survey at a particular company indicated very strong employee job satisfaction levels. Management was elated with the outcome of the survey. What is a likely consequence of having satisfied employees? Question 28 options: a. decreased grievances b. employees who are more innovative c. increased job effort d. improved interdepartmental integration and communication Question 29 (1 point) Saved Listen The textbook identifies two main types of commitments: affective and group or team commitment. Question 29 options: True False

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Question 30 (1 point) Saved Listen What type of behaviour will you likely generate by demonstrating a genuine concern for the welfare of your employees and sharing company profits with them? Question 30 options: a. affective commitment b. continuance commitment c. task commitment d. moral commitment Previous PageNext Page Page 10 of 10 Submit Quiz 30 of 30 questions saved Listen

COMPENSATION QUIZ

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