questions and answers 2026\2027 A+
Grade
Business Strategy -
correct answer The collection of decision, approaches, and activities that allow an organization to
complete and win.
Cost Leadership Strategy -
correct answer Focusing business priories on providing a lower-cost product or service.
Differentiation Strategy -
correct answer Providing innovative, exceptional, and high quality products and/or services to
customers.
Niche-Focused Strategy -
correct answer Targeting business priorities toward addressing a specific section of the market
Hybrid Strategy -
correct answer Employing a combination of cost-leadership, differentiation and niche-focused business
strategies.
Critical Success Factors -
correct answer Capabilities, activities, customer perceptions and market positions that allow an
organization to out-compete its rivals.
Total rewards strategy -
correct answer The combination of pay forms, plans, policies and practices that enable long-term
organizational performance.
, Total Reward Content Strategy -
correct answer Specifies the type, level and combination of rewards offered to employees.
Reward Form Combinations Strategy -
correct answer The reward forms offered (cash, benefits, etc.) and the way in which they relate to each
other.
Reward Level Strategy -
correct answer How much is being offered?
Absolute level -
correct answer The reward can be defined.
Relative Level -
correct answer States the rewards strategy as greater than, equal to, or less than some labor market
reference point.
Centralized approach -
correct answer Human Resources makes all the decisions
Decentralized approach -
correct answer Decisions are made by the employee's immediate supervisor or manager.
Job Analysis -
correct answer The process of systematically analyzing positions that result in completed work in
organizations.
Traditional interview method -
correct answer The job analyst asks the job incumbent preset questions about the content, skills
needed and time spent on activities in the job.