HRPO 2301 Mastery Assessment Unit 3 | Questions and
Answers Latest Updated (Graded A+)-DCCC
Question 1 :
Which of the following is an internal pay factor?
Inflation
Cost of living
Type of industry
Unemployment rates
Question 2:
Paying the going rate for a particular job, within a particular market based on research and salary studies
is called what?
management fit policy
market compensation policy
competency-based policy
broadbanding policy
Question 3:
Which of the following is NOT a factor in the consideration of compensation rates?
Unemployment rate
Inflation
Oversupply of workers
Technology
Question 4:
External pay factors include what?
The current economic state
The employer’s ability to pay
Type of industry
The value of the employee and the particular job to the organization
Question 5:
Richard is conducting a study to determine job worth and level of compensation for engineers in his
company. What is Richard doing?
Conducting a job evaluation
Assessing Affirmative Action
Developing job analysis platforms
Reviewing hourly pay rates
Question 6:
The presence of a union can lead to what in terms of compensation?
, Mandated pay scales
Lower wages
The use of a market minus philosophy
The use of a market plus philosophy
Question 7 :
In order to determine salary ranges, HRM performs what?
A job review
A job evaluation
A job interview
A job analysis
Question 8 :
Although not the only component, what usually result in attracting better employees, increases
performance and loyalty?
Health care benefit
Flexi-time
Compensation packages
Affirmative Action
Question 9 :
XYZ has an excellent employee compensation package. They are aware that compensation can help to
improve morale, motivation, and satisfaction among employees. If employees are not satisfied, what is a
likely outcome?
High turnover
Increased production
More flex-time
Less attrition
Question 10 :
In terms of compensation philosophy, Gemini Inc. determines the going rate and supplements it with a
percentage of that rate. What is this called?
skill-based system
competency-based system
market plus
market minus
Answers Latest Updated (Graded A+)-DCCC
Question 1 :
Which of the following is an internal pay factor?
Inflation
Cost of living
Type of industry
Unemployment rates
Question 2:
Paying the going rate for a particular job, within a particular market based on research and salary studies
is called what?
management fit policy
market compensation policy
competency-based policy
broadbanding policy
Question 3:
Which of the following is NOT a factor in the consideration of compensation rates?
Unemployment rate
Inflation
Oversupply of workers
Technology
Question 4:
External pay factors include what?
The current economic state
The employer’s ability to pay
Type of industry
The value of the employee and the particular job to the organization
Question 5:
Richard is conducting a study to determine job worth and level of compensation for engineers in his
company. What is Richard doing?
Conducting a job evaluation
Assessing Affirmative Action
Developing job analysis platforms
Reviewing hourly pay rates
Question 6:
The presence of a union can lead to what in terms of compensation?
, Mandated pay scales
Lower wages
The use of a market minus philosophy
The use of a market plus philosophy
Question 7 :
In order to determine salary ranges, HRM performs what?
A job review
A job evaluation
A job interview
A job analysis
Question 8 :
Although not the only component, what usually result in attracting better employees, increases
performance and loyalty?
Health care benefit
Flexi-time
Compensation packages
Affirmative Action
Question 9 :
XYZ has an excellent employee compensation package. They are aware that compensation can help to
improve morale, motivation, and satisfaction among employees. If employees are not satisfied, what is a
likely outcome?
High turnover
Increased production
More flex-time
Less attrition
Question 10 :
In terms of compensation philosophy, Gemini Inc. determines the going rate and supplements it with a
percentage of that rate. What is this called?
skill-based system
competency-based system
market plus
market minus
