Question 1

Which of the following is the best definition of variable pay?

Options :

A : Compensation that is given in the form of perquisites such as a company car, fitness membership, paid training, etc.

B : Compensation that is nondiscretionary and does not vary according to performance or results

C : Compensation that is contingent on discretion, performance or results

D : Compensation that is determined by the organization-s pay structure

Answer: C

Question 2

How far do broad banded pay ranges stretch from minimum to maximum?

Options :

A : 10% to 30%

B : 30% to 50%

C : 50% to 100%

D : 100% to 300%.

Answer: D

Question 3

Which of the following may be a limitation of a government-sponsored health care program?

Options :

A : Increased reimbursement to physicians

B : Limits on services/facilities

C : Increased coverage for participants

D : Additional cost-sharing for participants

Answer: B

Question 4

Which of the following identifies appropriate labor market segments and desired competitive position in the market for each employee group?

Options :

A : The mission statement

B : The business strategy

C : The total rewards strategy

D : The organizational vision.

Answer: C

Question 5

What guides the design of all total rewards programs?

Options :

A : The human resources strategy

B : The business strategy

C : The business vision

D : The total rewards strategy

Answer: D

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