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WGU C202 Study Questions with Elaborate Answers | Latest Edition

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WGU C202 Study Questions with Elaborate Answers | Latest Edition 1. Cost-of-living adjustments - ANSWER pay increases to account for a higher cost of living in one country versus another 2. Housing allowance - ANSWER payments to subsidize or cover housing and related costs 3. hardship premiums - ANSWER increased salary for living in an area with a lower quality of life, less safety, etc. 4. tax equalization payments - ANSWER increased salary to make up for higher taxes that reduce take-home pay and decrease employee's purchasing power 5. inflation adjustments - ANSWER larger and/or more frequent raises to maintain employee's purchasing power in the face of inflation 6. gainsharing - ANSWER a program in which the firm shares the value of productivity gains with employees 7. scanlon plans - ANSWER gainsharing programs based on implementing employee suggestions for lowering the cost per unit produced 8. improshare - ANSWER a gainsharing plan based on a mathematical formula that compares a performance baseline with actual productivity during a given period with the goal of reducing production time 9. Human Resource Strategy - ANSWER Links the entire human resource function with the firm's business strategy. 10. Business Strategy - ANSWER Defines how the firm will compete in its marketplace. 11. Forced Distribution Method - ANSWER The rater distributes performance ratings into a pre-specific performance distribution. 12. Multi-source Assessments - ANSWER Performance feedback from the employees's supervisor as well as other sources who are familiar with an employee's job performance. 13. Performance Improvement Plan - ANSWER A tool to monitor and measure an employee's deficient work products, processes, and/or behaviors to improve performance or modify behavior. 14. Upward Reviews - ANSWER The target employee is reviewed by one or more subordinates. 15. Results - ANSWER The specific subgoals for each unit that will be the focus of the performance management process. 16. Leniency Error - ANSWER All employees are given high ratings regardless of performance. 17. Behaviorally Anchored Rating Scales - ANSWER Use a set of behavioral statements relating to qualities important for performance. 18. Performance Rating Methods - ANSWER Compares employes performance to a set of standards to identify a number or letter rating that represents the employee's performance level. 19. Forced-Choice Rating Method - ANSWER Forces the assessor to choose the statement that best fits the target employee from a provided set of statements that are scored and weighted in advance. 20. Accountability - ANSWER An individual is expected to provide a regular accounting to a superior about the results of what she or he is doing and will be held responsible for the outcome. 21. Critical Incident Appraisal Method - ANSWER An assessor discusses specific examples of the target employee's positive and negative behaviors with the employee. 22. Standards - ANSWER Specify the level of results considered acceptable. 23. Performance Plan - ANSWER Describes desired goals and results, how results will be measured and weighted, and what standards will be used to evaluate results. 24. Similar-to-me- Effect - ANSWER Giving high rating to someone because she or he is perceived as being similar to the rater. 25. Continuous Performance Appraisal - ANSWER An ongoing performance appraisal process that involves the employee in evaluating his or her performance and setting performance goals and provides continuous coaching and feedback. 26. First Impression Bias - ANSWER Initial judgments influence later assessments. 27. Forced Ranking Method - ANSWER Employees are ranked in order of best to worst performance. 28. Essay Appraisal Method - ANSWER The assessor writes a brief essay providing an assessment of the strengths, weaknesses, and potential of the target employee. 29. Work Standards - ANSWER Comparing an employee's performance to output targets that reflect different levels of performance. 30. Recency Effect - ANSWER Allowing recent events and performance to have a disproportionately large influence on the rating. 31. Balanced Scorecard - ANSWER A performance measurement system that translates the organization's strategy into financial, business process, learning and growth, and customer outcomes. 32. Graphic Rating Scale - ANSWER Uses ratings of unsatisfactory, average, above average, and outstanding to evaluate either work quality or personal traits.

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Institution
WGU C202
Course
WGU C202

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WGU C202 Study Questions with
Elaborate Answers | Latest Edition

1. Cost-of-living adjustments - ANSWER pay increases to account for a
higher cost of living in one country versus another


2. Housing allowance - ANSWER payments to subsidize or cover housing and
related costs


3. hardship premiums - ANSWER increased salary for living in an area with a
lower quality of life, less safety, etc.


4. tax equalization payments - ANSWER increased salary to make up for
higher taxes that reduce take-home pay and decrease employee's purchasing
power


5. inflation adjustments - ANSWER larger and/or more frequent raises to
maintain employee's purchasing power in the face of inflation


6. gainsharing - ANSWER a program in which the firm shares the value of
productivity gains with employees


7. scanlon plans - ANSWER gainsharing programs based on implementing
employee suggestions for lowering the cost per unit produced

,8. improshare - ANSWER a gainsharing plan based on a mathematical
formula that compares a performance baseline with actual productivity
during a given period with the goal of reducing production time


9. Human Resource Strategy - ANSWER Links the entire human resource
function with the firm's business strategy.


10.Business Strategy - ANSWER Defines how the firm will compete in its
marketplace.


11.Forced Distribution Method - ANSWER The rater distributes performance
ratings into a pre-specific performance distribution.


12.Multi-source Assessments - ANSWER Performance feedback from the
employees's supervisor as well as other sources who are familiar with an
employee's job performance.


13.Performance Improvement Plan - ANSWER A tool to monitor and measure
an employee's deficient work products, processes, and/or behaviors to
improve performance or modify behavior.


14.Upward Reviews - ANSWER The target employee is reviewed by one or
more subordinates.


15.Results - ANSWER The specific subgoals for each unit that will be the
focus of the performance management process.


16.Leniency Error - ANSWER All employees are given high ratings regardless
of performance.

,17.Behaviorally Anchored Rating Scales - ANSWER Use a set of behavioral
statements relating to qualities important for performance.


18.Performance Rating Methods - ANSWER Compares employes performance
to a set of standards to identify a number or letter rating that represents the
employee's performance level.


19.Forced-Choice Rating Method - ANSWER Forces the assessor to choose
the statement that best fits the target employee from a provided set of
statements that are scored and weighted in advance.


20.Accountability - ANSWER An individual is expected to provide a regular
accounting to a superior about the results of what she or he is doing and will
be held responsible for the outcome.


21.Critical Incident Appraisal Method - ANSWER An assessor discusses
specific examples of the target employee's positive and negative behaviors
with the employee.


22.Standards - ANSWER Specify the level of results considered acceptable.


23.Performance Plan - ANSWER Describes desired goals and results, how
results will be measured and weighted, and what standards will be used to
evaluate results.


24.Similar-to-me- Effect - ANSWER Giving high rating to someone because
she or he is perceived as being similar to the rater.

, 25.Continuous Performance Appraisal - ANSWER An ongoing performance
appraisal process that involves the employee in evaluating his or her
performance and setting performance goals and provides continuous
coaching and feedback.


26.First Impression Bias - ANSWER Initial judgments influence later
assessments.


27.Forced Ranking Method - ANSWER Employees are ranked in order of best
to worst performance.


28.Essay Appraisal Method - ANSWER The assessor writes a brief essay
providing an assessment of the strengths, weaknesses, and potential of the
target employee.


29.Work Standards - ANSWER Comparing an employee's performance to
output targets that reflect different levels of performance.


30.Recency Effect - ANSWER Allowing recent events and performance to
have a disproportionately large influence on the rating.


31.Balanced Scorecard - ANSWER A performance measurement system that
translates the organization's strategy into financial, business process,
learning and growth, and customer outcomes.


32.Graphic Rating Scale - ANSWER Uses ratings of unsatisfactory, average,
above average, and outstanding to evaluate either work quality or personal
traits.

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Institution
WGU C202
Course
WGU C202

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