Compensation and Benefits – Module 3 Quiz – HRM practice questions with answers

Compensation and Benefits – Module 3 Quiz

Question 1 points

The stakeholders of a compensation system include: Employees, Line Managers,
Executives, Unions and the government?

Question options:


True


False

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Question 2 points

What is a legally required benefit?

Question options:


Workers' Compensation


Medical benefits


Dental benefits


Life Insurance

Question 3 points

Interindustry wage differentials represent the pattern of pay and benefits associated
with characteristics of industries.

Question options:


True


False

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Question 4 points

How has the Human Resource function changed?

Question options:


It is no longer purely an administrative function.


It is now has many accounting functions.


It has been outsourced to third parties.


It is an administrative function.

Question 5 points

Companies adopt the differentiation strategy to;

Question options:

Develop products or services that are unique from those of their
competition.

Develop products and services that are similar to their
competition.


Develop products and services based on demand of the market.


Respond to market conditions.

Question 6 points

The purpose of the passage of the National Labor relations Act of 1935 was to require
private-sector employers to enter into good-faith negotiations with workers over the
terms of employment

Question options:


True


False

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