WGU C202 MANAGING HUMAN
CAPITAL WITH VERIFIED QUESTIONS
AND ANSWERS [GRADED A+]
Direct financial compensation - ✔✔compensation received in the form of
salary, wages, commissions, stock options or bonuses
indirect financial compensation - ✔✔all the tangible and financially valued
rewards that are not included in direct compensation including free meals,
vacation time and health insurance
nonfinancial compensation - ✔✔rewards and incentives given to
employees that aren't financial in nature
base pay - ✔✔reflects the size and scope of an employee's
responsibilities
©morren2025/2026.Year published 2026.
,severance pay - ✔✔give to employees upon termination of their
employment
fixed pay - ✔✔pays employees a set amount regardless of performance
variable pay - ✔✔bases some or all of an employee's compensation on
employee, team, or organizational
pay structure - ✔✔the array of pay rates for different work or skills within a
single organization
pay mix - ✔✔the relative emphasis give to different compensation
components
pay leader - ✔✔organization with a compensation policy of giving
employees greater rewards than competitors
©morren2025/2026.Year published 2026.
,pay follower - ✔✔an organization that pays its front-line employees as little
as possible
resource dependence theory - ✔✔proposition that organizational decisions
are influenced by both internal and external agents who control critical
resources
wage differentials - ✔✔differences in wage between various workers,
groups of workers, or workers within a career field
labor market - ✔✔all of the potential employees located within a
geographic area from which the organization might be able to hire
cost of living allowances - ✔✔clauses in union contacts that automatically
increase wages base on the U.S. Bureau of Labor Statistics' cost of living
index
©morren2025/2026.Year published 2026.
, market pricing - ✔✔uses external sources of information about how others
are compensating a certain position to assign value to a company's similar
job
Compensation surveys - ✔✔surveys of other organizations conducted to
learn what they are paying for specific jobs or job classes
benchmark jobs - ✔✔jobs that tend to exist across departments and
across diverse organizations allowing them to be used as a basis for
compensation comparisons
job evaluation - ✔✔a systematic process that uses expert judgement to
assess differences in value between jobs
ranking methos - ✔✔subjectively compares jobs to each other based on
their overall worth to the organization
job classification method - ✔✔subjectively classifies jobs into an exiting
hierarchy of grades and categories
©morren2025/2026.Year published 2026.
CAPITAL WITH VERIFIED QUESTIONS
AND ANSWERS [GRADED A+]
Direct financial compensation - ✔✔compensation received in the form of
salary, wages, commissions, stock options or bonuses
indirect financial compensation - ✔✔all the tangible and financially valued
rewards that are not included in direct compensation including free meals,
vacation time and health insurance
nonfinancial compensation - ✔✔rewards and incentives given to
employees that aren't financial in nature
base pay - ✔✔reflects the size and scope of an employee's
responsibilities
©morren2025/2026.Year published 2026.
,severance pay - ✔✔give to employees upon termination of their
employment
fixed pay - ✔✔pays employees a set amount regardless of performance
variable pay - ✔✔bases some or all of an employee's compensation on
employee, team, or organizational
pay structure - ✔✔the array of pay rates for different work or skills within a
single organization
pay mix - ✔✔the relative emphasis give to different compensation
components
pay leader - ✔✔organization with a compensation policy of giving
employees greater rewards than competitors
©morren2025/2026.Year published 2026.
,pay follower - ✔✔an organization that pays its front-line employees as little
as possible
resource dependence theory - ✔✔proposition that organizational decisions
are influenced by both internal and external agents who control critical
resources
wage differentials - ✔✔differences in wage between various workers,
groups of workers, or workers within a career field
labor market - ✔✔all of the potential employees located within a
geographic area from which the organization might be able to hire
cost of living allowances - ✔✔clauses in union contacts that automatically
increase wages base on the U.S. Bureau of Labor Statistics' cost of living
index
©morren2025/2026.Year published 2026.
, market pricing - ✔✔uses external sources of information about how others
are compensating a certain position to assign value to a company's similar
job
Compensation surveys - ✔✔surveys of other organizations conducted to
learn what they are paying for specific jobs or job classes
benchmark jobs - ✔✔jobs that tend to exist across departments and
across diverse organizations allowing them to be used as a basis for
compensation comparisons
job evaluation - ✔✔a systematic process that uses expert judgement to
assess differences in value between jobs
ranking methos - ✔✔subjectively compares jobs to each other based on
their overall worth to the organization
job classification method - ✔✔subjectively classifies jobs into an exiting
hierarchy of grades and categories
©morren2025/2026.Year published 2026.
