Question 1
What is the main difference between the equity and exchange philosophies of compensation?
The equity philosophy is based on available budget; the exchange philosophy is based on
profit margins.
The equity philosophy is based on fairness; the exchange philosophy is based on employee
value.
The equity philosophy is based on profit margins; the exchange philosophy is based on
available budget.
The equity philosophy is based on employee value; the exchange philosophy is based on
fairness.
The answer can be found in Section 4.4, Employee Environment.
Question 2
Dual-career marriages, stress management, and employee outplacement are ________.
examples of an employee’s assets and liabilities
indicative of company preparation and career development strategies
career challenges that can be addressed with different programs
provisions included in a collective bargaining agreement
Question 3
Which of the following scenarios describes the 360-degree assessment technique?
David’s performance is evaluated by his work over the last calendar year.
David’s performance is evaluated using a BARS scale.