4BE3 Strategic Compensation: Chapter 1- 5 Exam Questions and Answers 100% Pass

4BE3 Strategic Compensation: Chapter 1-
5 Exam Questions and Answers 100%
Pass


Compensation -

CORRECT ANSWER: all forms of financial returns and tangible

services and benefits that employees receive as part of an employment

relationship




QUESTION: Views on compensation -

CORRECT ANSWER: society, stockholder, manager, or employee




QUESTION: Societal view on compensation -

CORRECT ANSWER: some people view pay as a measure of justice

(e.g., gender wage gap)

,economists have identified a number of contributing factors to wage

determination, including human capital, demographic characteristics, and

job characteristics




QUESTION: Stockholder view on compensation -

CORRECT ANSWER: some believe that using stock to pay employees

creates a sense of ownership; others argue that granting employees too

much ownership dilutes stockholder wealth

also have an interest in executive compensation




QUESTION: Manager view of compensation -

CORRECT ANSWER: see as a compensation as a major expense, but

one that can be used to influence employee behaviours and to improve

organizational performance




QUESTION: Employee view of compensation -

, CORRECT ANSWER: compensation is usually a major source of

financial security

many people view compensation as the return in an exchange between

their employer and themselves, as an entitlement for being an employee,

or as a reward for performing well




QUESTION: Total rewards -

CORRECT ANSWER: all rewards received by employees, including

cash compensation, benefits, and relational returns




QUESTION: Relational returns -

CORRECT ANSWER: psychological returns employees believe they

receive in the workplace (learning opportunities, recognition and status,

challenging work, etc.)




QUESTION: Cash compensation -