TEST BANK
STRATEGIC COMPENSATION: A HUMAN RESOURCE
MANAGEMENT APPROACH
,Table Of Contents
PART 1: SETTING THE STAGE FOR STRATEGIC COMPENSATION
1. Strategic Compensation: A Component Of Human Resource Systems
2. Contextual Influences On Compensation Practice
PART 2: BASES FOR PAY
3. Traditional Bases For Pay: Seniority And Merit
4. Incentive Pay
5. Person-Focused Pay
PART 3: DESIGNING COMPENSATION SYSTEMS
6. Building Internally Consistent Compensation Systems
7. Building Market-Competitive Compensation Systems
8. Building Pay Structures That Recognize Employee Contributions
PART 4: EMPLOYEE BENEFITS
9. Discretionary Benefits
10. Legally Required Benefits
PART 5: CONTEMPORARY STRATEGIC COMPENSATION CHALLENGES
11. Compensating Executives
12. Compensating The Flexible Workforce: Contingent Employees And Flexible Work
Schedules
PART 6: COMPENSATION ISSUES AROUND THE WORLD
13. Compensating Expatriates
14. Pay And Benefits Outside The United States
Epilogue: Challenges Facing Compensation Professionals
,Chapter 1 Strategic Compensation: A Component Of Human Resource
Systems
1) Refers To The Design And Implementation Of Compensation Systems To
Reinforce The Objectives Of Both HR Strategies And Competitive Business Strategies.
A) Extrinsic Compensation
B) Strategic Compensation
C) Strategic Analysis
D) Intrinsic
Compensation Answer:
B
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define Strategic Compensation.
2) Protection Programs Are What Type Of Compensation Benefits?
A) External
B) Non-Monetary Rewards
C) Internal
D) Monetary
Answer:
B
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define Strategic Compensation.
3) Which Of The Following Is NOT An Example Of A Core Compensation?
A) Medical Insurance
B) End-Of-Year Bonuses
C) Merit Pay
D) Monetary
Compensation Answer:
A
Difficulty: Moderate
Skill: Concept
AACSB: Reflective Thinking
LO: 1.1: Define Strategic Compensation.
4) Since The COVID-19 Epidemic Restrictions Eased And Allowed Employees To
Return To Work, Many Companies Have Been Offering Higher Pay Increases.
Approximately, How Much Have Pay Increases Been?
A) Less Than 2%
B) 2% Up To 2.9%
C) 3% Up To 3.8%
D) 4% Or
More
Answer: D
Difficulty: Challenging
Skill: Concept
,AACSB: Application Of Knowledge
LO: 1.1: Define Strategic
Compensation.
5) Employee Benefits Refer To .
A) Salary And Bonuses
B) Monetary Compensation
C) Nonmonetary Rewards
D) Effective Compensation
Practices Answer: C
Difficulty: Easy
Skill: Concept
AACSB: Reflective Thinking
LO: 1.1: Define Strategic Compensation.
6) Which Of The Following Is A Specific Tactical HR Compensation Decision?
A) Performance Appraisal
B) Seniority Pay
C) Recruitment
D) Training
Answer:
B
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define Strategic Compensation.
7) Compensation Refers To The Mental State Of Employees As A
Result Of Their Performance On The Job.
A) Intrinsic
B) Extrinsic
C) Core
D) Monetary
Answer:
A
Difficulty: Moderate
Skill: Concept
AACSB: Reflective Thinking
LO: 1.1: Define Strategic Compensation.
8)
9) Compensation Represents Both The Intrinsic And Extrinsic Rewards Employees Receive
For Performing Their Jobs. Briefly Describe Both Types Of Rewards And Indicate The
Professionals Who Are Responsible For Managing Them.
Answer: Intrinsic Compensation Reflects Employees' Psychological Mind-Sets That Result
From Performing Their Jobs. Extrinsic Compensation Includes Both Monetary And
Nonmonetary Rewards. Organizational Development Professionals Promote Intrinsic
Compensation Through Effective Job Design. Compensation Professionals Are Responsible
For Extrinsic Compensation. Extrinsic Compensation Includes Both Monetary And
Nonmonetary Rewards. Compensation Professionals Establish Monetary Compensation
Programs To Reward Employees According To Their Job Performance Levels Or For
Learning Job-Related Knowledge Or Skills. Nonmonetary Rewards Include Protection
Programs (E.G., Medical Insurance), Paid Time Off (E.G., Vacations), And Services (E.G.,
Day Care Assistance). Most Compensation Professionals Refer To Nonmonetary Rewards
As Employee Benefits.
Difficulty: Moderate
,Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define Strategic Compensation.
10) Which Of Following Contributed Greatly To The Need For A Strategic Approach To
Compensation?
A) Advances In Technology
B) Dramatic Increases In CEO Compensation
C) Higher Productivity Per Worker
D) Greater Inequality In
Wealth Answer: A
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.2: Summarize The Role Of Compensation As A Strategic Business Partner.
11) Which Of The Following Shifts In Workforce Composition Makes It Necessary
To Have A Strategic Approach To Compensation Issues?
A) Fewer Employees Are Earning College Degrees.
B) More Women Entered The Labor Force After The Pandemic.
C) A Leadership Gap Due To Retiring Baby Boomers.
D) Most Younger Employees Do Not Have The Same
Work Ethic. Answer: C
Difficulty: Moderate
Skill: Concept
AACSB: Application Of Knowledge
LO: 1.2: Summarize The Role Of Compensation As A Strategic Business Partner.
5
,12) In GE's Human Resource Leadership Program (HRLP), Successful Participants
Will Achieve Which Of The Following?
A) Gain An Understanding Of The Depth Of Specialization For Each (HR) Function
B) Gain An Understanding Of HR Competencies, Global Leadership Skills, And Business Acumen
C) Gain An Understanding Of The Width Of Specialization For Each HR Function
D) Gain An Understanding Of HR From A
Generalist's Perspective Answer: B
Difficulty: Easy
Skill: Application Of Knowledge
AACSB: Application Of
Knowledge
LO: 1.2: Summarize The Role Of Compensation As A Strategic Business Partner.
13) A Mass Spectrometer In A Research Lab Is An Example Of Which Of The Following?
A) Human Capital
B) Financial Capital
C) Capital Equipment
D) Performance
Enhancers Answer: C
Difficulty: Moderate
Skill: Application Of Knowledge
AACSB: Application Of
Knowledge
LO: 1.2: Summarize The Role Of Compensation As A Strategic Business Partner.
14) Which Of The Following Tools Can Compensation Professionals Use To Leverage
The Value Of Human Capital?
A) Higher Minimum Wages
B) Skill-Based Pay Programs
C) Compensation Based On Length Of Employment
D) Employee Unionization
Support Answer: B
Difficulty: Challenging
Skill: Concept
AACSB: Analytical Thinking
LO: 1.2: Summarize The Role Of Compensation As A Strategic Business Partner.
6
,15) Compensation Professionals Can Provide A Strategic Contribution To A Firm When
They Can Answer Yes To Three Distinct Questions. Which Of The Following Is NOT One
Of Those Questions?
A) Does Compensation Strategy Fit Well With The Objectives Of Competitive Business
And HR Strategies?
B) Does The Compensation Reward All Employees Based On Tenure With The Firm?
C) Does The Choice And Design Of Compensation Practices Fit Well To
Support Compensation Strategy?
D) Does The Implementation Of Compensation Practices Effectively Direct Employee
Behavior To Enhance Job Performance That Supports The Choice Of Compensation
Practices?
Answer: B
Difficulty:
Moderate Skill:
Concept
AACSB: Application Of Knowledge
LO: 1.3: Explain Strategic Compensation Decisions.
16) Which Of The Following Government Provisions Gives Companies The Ability
To Recoup Research And Development Costs As Well As Earn Profits For A
Limited Period Of Time?
A) Reverse Opportunity
B) Trademarks
C) Patent Protection
D) Bankruptcy Preference
Answer: C
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.3: Explain Strategic Compensation Decisions.
17) Which Of The Following Competitive Strategies Does Apple Computer Use?
A) Lowest-Cost Strategy
B) Differentiation Strategy
C) Total Quality Management Strategy
D) Human Capital
Strategy Answer: B
Difficulty: Moderate
Skill: Application Of Knowledge
AACSB: Application Of
Knowledge
LO: 1.3: Explain Strategic Compensation Decisions.
7
,18) IKEA, A Furniture Manufacturer, Sources Its Products To Countries Where Labor Is
Cheaper And Provides A Low Level Of Service. Which Of The Following Competitive
Strategies Does IKEA Use?
A) Differentiation Strategy
B) High-Quality Strategy
C) Brand Notoriety
D) Lowest-Cost
Strategy Answer: D
Difficulty: Moderate
Skill: Application Of Knowledge
AACSB: Application Of
Knowledge
LO: 1.3: Explain Strategic Compensation Decisions.
19) Which Of The Following Tools Is Used By Firms Following A Differentiation
Strategy To Enhance Employee Creativity And Willingness To Take Risks?
A) Design Thinking
B) Pay-For-Performance
C) Short-Term Incentive Pay
D) Machine
Learning Answer:
A Difficulty:
Easy Skill:
Concept
AACSB: Analytical Thinking
LO: 1.3: Explain Strategic Compensation Decisions.
20) Which Of These Actions Would HR Encourage In Attempting To Create A
Lowest-Cost Competitive Strategy?
A) High Level Of Service
B) Low Customer Involvement
C) Cost Minimization In Operations, Marketing, And HR
D) High Concern For The Quality
Of Output Answer: C
Difficulty: Challenging
Skill: Concept
AACSB: Analytical Thinking
LO: 1.3: Explain Strategic Compensation Decisions.
21) How Do Compensation Professionals Support The Company's Strategic Initiatives?
Answer: Compensation Professionals Support Strategic Initiatives Through The Design And
Implementation Of Compensation Systems. Compensation Professionals Make Decisions About
Whether To Use (And How To Design) Pay-For-Performance Practices, Whether To Set
Pay Levels That Exceed Typical Market Pay Rates, And Whether To Create A Pay Mix
That Emphasizes Long-Term Over Short-Term Incentives. The Totality Of Choices Should
Fit The Firm's Strategy Whether It Is A Cost Leadership Or A Differentiation Strategy.
Difficulty: Challenging
Skill: Concept
AACSB: Analytical Thinking
8
,LO: 1.3: Explain Strategic Compensation Decisions.
9
, 22) Explain How Differentiation Strategies Can Lead To Brand Loyalty And Why That Is
Important. Answer: A Differentiation Strategy Can Take Many Forms, Including Design
Or Brand Image, Technology, Features, Customer Service, And Price. These Differences Can
Lead To A Competitive Advantage Through Building Brand Loyalty Among Devoted
Consumers Who Prefer The Differentiated Offerings. Brand-Loyal Consumers Are Probably
Less Sensitive To Price Increases, Which Enables Companies To Invest In Research And
Development Initiatives To Further Differentiate Themselves From Competing Companies.
Difficulty: Challenging
Skill: Concept
AACSB: Analytical Thinking
LO: 1.3: Explain Strategic Compensation Decisions.
23) Give An Example Of How Pepsico Uses Design Thinking.
Answer: Pepsico Embraces The Importance Of Design Thinking. For Example, The
Company Designers Created The Pepsi Spire, Which Is A High-Tech Beverage Dispensing
Machine With A Futuristic Design. Former Pepsico CEO Indra Nooyi Had This To Say
About The Company's Design Approach: "Other Companies With Dispensing Machines
Have Focused On Adding A Few More Buttons And Combinations Of Flavors. Our Design
Guys Essentially Said That We're Talking About A Fundamentally Different Interaction
Between Consumer And Machine." Difficulty: Challenging
Skill: Application Of Knowledge
AACSB: Application Of
Knowledge
LO: 1.3: Explain Strategic Compensation Decisions.
24) What Is One Work-Related Change Driven By The COVID-19 Pandemic?
Answer: About 58% Of Companies Now Permit Employees To Work From Home At
Least Part Of The Week.
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.3: Explain Strategic Compensation Decisions.
25) Which Law Made It Illegal To Pay Women Less For Performing Equal Work As Men?
A) Equal Pay Act Of 1963
B) Civil Rights Act Of 1964
C) Davis-Bacon Act Of 1931
D) Fair Labor Standards Act Of
1938 Answer: A
Difficulty: Moderate
Skill: Concept
AACSB: Reflective Thinking
LO: 1.4: Identify And Discuss The Building Blocks And Structural Elements Of
Strategic Compensation Systems.
10
Copyright ©
STRATEGIC COMPENSATION: A HUMAN RESOURCE
MANAGEMENT APPROACH
,Table Of Contents
PART 1: SETTING THE STAGE FOR STRATEGIC COMPENSATION
1. Strategic Compensation: A Component Of Human Resource Systems
2. Contextual Influences On Compensation Practice
PART 2: BASES FOR PAY
3. Traditional Bases For Pay: Seniority And Merit
4. Incentive Pay
5. Person-Focused Pay
PART 3: DESIGNING COMPENSATION SYSTEMS
6. Building Internally Consistent Compensation Systems
7. Building Market-Competitive Compensation Systems
8. Building Pay Structures That Recognize Employee Contributions
PART 4: EMPLOYEE BENEFITS
9. Discretionary Benefits
10. Legally Required Benefits
PART 5: CONTEMPORARY STRATEGIC COMPENSATION CHALLENGES
11. Compensating Executives
12. Compensating The Flexible Workforce: Contingent Employees And Flexible Work
Schedules
PART 6: COMPENSATION ISSUES AROUND THE WORLD
13. Compensating Expatriates
14. Pay And Benefits Outside The United States
Epilogue: Challenges Facing Compensation Professionals
,Chapter 1 Strategic Compensation: A Component Of Human Resource
Systems
1) Refers To The Design And Implementation Of Compensation Systems To
Reinforce The Objectives Of Both HR Strategies And Competitive Business Strategies.
A) Extrinsic Compensation
B) Strategic Compensation
C) Strategic Analysis
D) Intrinsic
Compensation Answer:
B
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define Strategic Compensation.
2) Protection Programs Are What Type Of Compensation Benefits?
A) External
B) Non-Monetary Rewards
C) Internal
D) Monetary
Answer:
B
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define Strategic Compensation.
3) Which Of The Following Is NOT An Example Of A Core Compensation?
A) Medical Insurance
B) End-Of-Year Bonuses
C) Merit Pay
D) Monetary
Compensation Answer:
A
Difficulty: Moderate
Skill: Concept
AACSB: Reflective Thinking
LO: 1.1: Define Strategic Compensation.
4) Since The COVID-19 Epidemic Restrictions Eased And Allowed Employees To
Return To Work, Many Companies Have Been Offering Higher Pay Increases.
Approximately, How Much Have Pay Increases Been?
A) Less Than 2%
B) 2% Up To 2.9%
C) 3% Up To 3.8%
D) 4% Or
More
Answer: D
Difficulty: Challenging
Skill: Concept
,AACSB: Application Of Knowledge
LO: 1.1: Define Strategic
Compensation.
5) Employee Benefits Refer To .
A) Salary And Bonuses
B) Monetary Compensation
C) Nonmonetary Rewards
D) Effective Compensation
Practices Answer: C
Difficulty: Easy
Skill: Concept
AACSB: Reflective Thinking
LO: 1.1: Define Strategic Compensation.
6) Which Of The Following Is A Specific Tactical HR Compensation Decision?
A) Performance Appraisal
B) Seniority Pay
C) Recruitment
D) Training
Answer:
B
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define Strategic Compensation.
7) Compensation Refers To The Mental State Of Employees As A
Result Of Their Performance On The Job.
A) Intrinsic
B) Extrinsic
C) Core
D) Monetary
Answer:
A
Difficulty: Moderate
Skill: Concept
AACSB: Reflective Thinking
LO: 1.1: Define Strategic Compensation.
8)
9) Compensation Represents Both The Intrinsic And Extrinsic Rewards Employees Receive
For Performing Their Jobs. Briefly Describe Both Types Of Rewards And Indicate The
Professionals Who Are Responsible For Managing Them.
Answer: Intrinsic Compensation Reflects Employees' Psychological Mind-Sets That Result
From Performing Their Jobs. Extrinsic Compensation Includes Both Monetary And
Nonmonetary Rewards. Organizational Development Professionals Promote Intrinsic
Compensation Through Effective Job Design. Compensation Professionals Are Responsible
For Extrinsic Compensation. Extrinsic Compensation Includes Both Monetary And
Nonmonetary Rewards. Compensation Professionals Establish Monetary Compensation
Programs To Reward Employees According To Their Job Performance Levels Or For
Learning Job-Related Knowledge Or Skills. Nonmonetary Rewards Include Protection
Programs (E.G., Medical Insurance), Paid Time Off (E.G., Vacations), And Services (E.G.,
Day Care Assistance). Most Compensation Professionals Refer To Nonmonetary Rewards
As Employee Benefits.
Difficulty: Moderate
,Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define Strategic Compensation.
10) Which Of Following Contributed Greatly To The Need For A Strategic Approach To
Compensation?
A) Advances In Technology
B) Dramatic Increases In CEO Compensation
C) Higher Productivity Per Worker
D) Greater Inequality In
Wealth Answer: A
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.2: Summarize The Role Of Compensation As A Strategic Business Partner.
11) Which Of The Following Shifts In Workforce Composition Makes It Necessary
To Have A Strategic Approach To Compensation Issues?
A) Fewer Employees Are Earning College Degrees.
B) More Women Entered The Labor Force After The Pandemic.
C) A Leadership Gap Due To Retiring Baby Boomers.
D) Most Younger Employees Do Not Have The Same
Work Ethic. Answer: C
Difficulty: Moderate
Skill: Concept
AACSB: Application Of Knowledge
LO: 1.2: Summarize The Role Of Compensation As A Strategic Business Partner.
5
,12) In GE's Human Resource Leadership Program (HRLP), Successful Participants
Will Achieve Which Of The Following?
A) Gain An Understanding Of The Depth Of Specialization For Each (HR) Function
B) Gain An Understanding Of HR Competencies, Global Leadership Skills, And Business Acumen
C) Gain An Understanding Of The Width Of Specialization For Each HR Function
D) Gain An Understanding Of HR From A
Generalist's Perspective Answer: B
Difficulty: Easy
Skill: Application Of Knowledge
AACSB: Application Of
Knowledge
LO: 1.2: Summarize The Role Of Compensation As A Strategic Business Partner.
13) A Mass Spectrometer In A Research Lab Is An Example Of Which Of The Following?
A) Human Capital
B) Financial Capital
C) Capital Equipment
D) Performance
Enhancers Answer: C
Difficulty: Moderate
Skill: Application Of Knowledge
AACSB: Application Of
Knowledge
LO: 1.2: Summarize The Role Of Compensation As A Strategic Business Partner.
14) Which Of The Following Tools Can Compensation Professionals Use To Leverage
The Value Of Human Capital?
A) Higher Minimum Wages
B) Skill-Based Pay Programs
C) Compensation Based On Length Of Employment
D) Employee Unionization
Support Answer: B
Difficulty: Challenging
Skill: Concept
AACSB: Analytical Thinking
LO: 1.2: Summarize The Role Of Compensation As A Strategic Business Partner.
6
,15) Compensation Professionals Can Provide A Strategic Contribution To A Firm When
They Can Answer Yes To Three Distinct Questions. Which Of The Following Is NOT One
Of Those Questions?
A) Does Compensation Strategy Fit Well With The Objectives Of Competitive Business
And HR Strategies?
B) Does The Compensation Reward All Employees Based On Tenure With The Firm?
C) Does The Choice And Design Of Compensation Practices Fit Well To
Support Compensation Strategy?
D) Does The Implementation Of Compensation Practices Effectively Direct Employee
Behavior To Enhance Job Performance That Supports The Choice Of Compensation
Practices?
Answer: B
Difficulty:
Moderate Skill:
Concept
AACSB: Application Of Knowledge
LO: 1.3: Explain Strategic Compensation Decisions.
16) Which Of The Following Government Provisions Gives Companies The Ability
To Recoup Research And Development Costs As Well As Earn Profits For A
Limited Period Of Time?
A) Reverse Opportunity
B) Trademarks
C) Patent Protection
D) Bankruptcy Preference
Answer: C
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.3: Explain Strategic Compensation Decisions.
17) Which Of The Following Competitive Strategies Does Apple Computer Use?
A) Lowest-Cost Strategy
B) Differentiation Strategy
C) Total Quality Management Strategy
D) Human Capital
Strategy Answer: B
Difficulty: Moderate
Skill: Application Of Knowledge
AACSB: Application Of
Knowledge
LO: 1.3: Explain Strategic Compensation Decisions.
7
,18) IKEA, A Furniture Manufacturer, Sources Its Products To Countries Where Labor Is
Cheaper And Provides A Low Level Of Service. Which Of The Following Competitive
Strategies Does IKEA Use?
A) Differentiation Strategy
B) High-Quality Strategy
C) Brand Notoriety
D) Lowest-Cost
Strategy Answer: D
Difficulty: Moderate
Skill: Application Of Knowledge
AACSB: Application Of
Knowledge
LO: 1.3: Explain Strategic Compensation Decisions.
19) Which Of The Following Tools Is Used By Firms Following A Differentiation
Strategy To Enhance Employee Creativity And Willingness To Take Risks?
A) Design Thinking
B) Pay-For-Performance
C) Short-Term Incentive Pay
D) Machine
Learning Answer:
A Difficulty:
Easy Skill:
Concept
AACSB: Analytical Thinking
LO: 1.3: Explain Strategic Compensation Decisions.
20) Which Of These Actions Would HR Encourage In Attempting To Create A
Lowest-Cost Competitive Strategy?
A) High Level Of Service
B) Low Customer Involvement
C) Cost Minimization In Operations, Marketing, And HR
D) High Concern For The Quality
Of Output Answer: C
Difficulty: Challenging
Skill: Concept
AACSB: Analytical Thinking
LO: 1.3: Explain Strategic Compensation Decisions.
21) How Do Compensation Professionals Support The Company's Strategic Initiatives?
Answer: Compensation Professionals Support Strategic Initiatives Through The Design And
Implementation Of Compensation Systems. Compensation Professionals Make Decisions About
Whether To Use (And How To Design) Pay-For-Performance Practices, Whether To Set
Pay Levels That Exceed Typical Market Pay Rates, And Whether To Create A Pay Mix
That Emphasizes Long-Term Over Short-Term Incentives. The Totality Of Choices Should
Fit The Firm's Strategy Whether It Is A Cost Leadership Or A Differentiation Strategy.
Difficulty: Challenging
Skill: Concept
AACSB: Analytical Thinking
8
,LO: 1.3: Explain Strategic Compensation Decisions.
9
, 22) Explain How Differentiation Strategies Can Lead To Brand Loyalty And Why That Is
Important. Answer: A Differentiation Strategy Can Take Many Forms, Including Design
Or Brand Image, Technology, Features, Customer Service, And Price. These Differences Can
Lead To A Competitive Advantage Through Building Brand Loyalty Among Devoted
Consumers Who Prefer The Differentiated Offerings. Brand-Loyal Consumers Are Probably
Less Sensitive To Price Increases, Which Enables Companies To Invest In Research And
Development Initiatives To Further Differentiate Themselves From Competing Companies.
Difficulty: Challenging
Skill: Concept
AACSB: Analytical Thinking
LO: 1.3: Explain Strategic Compensation Decisions.
23) Give An Example Of How Pepsico Uses Design Thinking.
Answer: Pepsico Embraces The Importance Of Design Thinking. For Example, The
Company Designers Created The Pepsi Spire, Which Is A High-Tech Beverage Dispensing
Machine With A Futuristic Design. Former Pepsico CEO Indra Nooyi Had This To Say
About The Company's Design Approach: "Other Companies With Dispensing Machines
Have Focused On Adding A Few More Buttons And Combinations Of Flavors. Our Design
Guys Essentially Said That We're Talking About A Fundamentally Different Interaction
Between Consumer And Machine." Difficulty: Challenging
Skill: Application Of Knowledge
AACSB: Application Of
Knowledge
LO: 1.3: Explain Strategic Compensation Decisions.
24) What Is One Work-Related Change Driven By The COVID-19 Pandemic?
Answer: About 58% Of Companies Now Permit Employees To Work From Home At
Least Part Of The Week.
Difficulty: Moderate
Skill: Concept
AACSB: Analytical Thinking
LO: 1.3: Explain Strategic Compensation Decisions.
25) Which Law Made It Illegal To Pay Women Less For Performing Equal Work As Men?
A) Equal Pay Act Of 1963
B) Civil Rights Act Of 1964
C) Davis-Bacon Act Of 1931
D) Fair Labor Standards Act Of
1938 Answer: A
Difficulty: Moderate
Skill: Concept
AACSB: Reflective Thinking
LO: 1.4: Identify And Discuss The Building Blocks And Structural Elements Of
Strategic Compensation Systems.
10
Copyright ©
