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CHRP Diagnostic Exam - Total Rewards

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User has deleted their subject information Quiz on CHRP Diagnostic Exam - Total Rewards, created by Deleted user on 14/04/2023.
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Resource summary

Question 1

Question
When employees are enthusiastic about contributing to a company's success, they have excellent:
Answer
  • Membership behaviour
  • Task behaviour
  • Organizational citizenship behaviour
  • Job satisfaction behaviour

Question 2

Question
Which of the following is an example of "indirect pay"?
Answer
  • Progression adjustment
  • Merit adjustment
  • Base Pay
  • Vacation pay

Question 3

Question
Which of the following statements is false about compa-ratio?
Answer
  • Compa-ratio will go up if an early retirement program for long-term employees is introduced.
  • Compa-ratio will go up if a downsizing is done by reverse seniority.
  • Compa-ratio will go down with the hiring of many new grads.
  • Compa-ratios less than 1 are acceptable.

Question 4

Question
Which of the following statements about compensation surveys is false?
Answer
  • The mathematical middle of a data set is its average.
  • The 75th percentile is 25 percent higher than the 50th percentil
  • A weighted average is a mean that has been adjusted to reflect the size of the organizations in the survey.
  • The median is the value in a ranking of pay levels below which half the employers are paid less.

Question 5

Question
Which of the following is a long-term compensation plan?
Answer
  • Goal-sharing plan
  • Competitive bonus plan
  • Gain-sharing plan
  • Share purchase plan

Question 6

Question
Which of the following statements is false about reinforcement theory?
Answer
  • Positive reinforcement increases positive behaviour.
  • Extinction decreases negative behaviour.
  • Negative reinforcement decreases positive behaviour.
  • Punishment decreases negative behaviour.

Question 7

Question
Which of the following terms is associated with equity theory?
Answer
  • Procedural Justice
  • Instrumentality
  • Valence
  • Task Significance

Question 8

Question
When a job is designed to enable the employee to perform the complete cycle of job activities, the employee will enjoy __________ the job provides.
Answer
  • High task significance
  • High skill variety
  • High job autonomy
  • High task identity

Question 9

Question
What compensable factors are required in a job evaluation process for it to be compliant with the pay equity legislation?
Answer
  • Education, experience, authority, performance
  • Skill, effort, responsibility, working conditions
  • Knowledge, skill, experience, working conditions
  • Job class, gender dominance, career level, internal equity

Question 10

Question
Which of the following statements is true about a broadband base pay structure?
Answer
  • It is most appropriate for unionized environments.
  • It is less flexible than a standard pay structure.
  • It has fewer pay bands than a standard pay structure.
  • It results in a higher incidence of promotions.

Question 11

Question
Which of the following is NOT an element of job enrichment?
Answer
  • Job autonomy
  • Job enlargement
  • Task identity
  • Skill variety

Question 12

Question
Which of the following employee reward is a good long-term retention strategy?
Answer
  • Stock options
  • Commission
  • Piece work
  • Gain sharing

Question 13

Question
Which of the following is a design consideration when designing profit-sharing plans?
Answer
  • Establishing the share price
  • Establishing the vesting period
  • The size of base pay reductions needed to fund the pool
  • Employee eligibility

Question 14

Question
Which of the following statements is false about the job evaluation process?
Answer
  • It is the process of collecting information on which job descriptions are based.
  • It establishes the internal equity between jobs.
  • It can be an adversarial process.
  • It defines the criteria for determining job value.

Question 15

Question
Which of the following is the simplest job evaluation process?
Answer
  • Factor comparison method
  • Ranking method
  • Classification method
  • Point factor method

Question 16

Question
The first step in analyzing compensation survey data is:
Answer
  • Establishing relative pay grades and ranges
  • Calculating compa-ratios
  • Correlating job evaluation points with the market data
  • Assessing measures of central tendency and variation

Question 17

Question
What should employees expect under an employee stock bonus plan?
Answer
  • Employees receive shares at no cost.
  • Employees are able to purchase company shares based on performance.
  • Employees receive a bonus equivalent to the increase in company share value.
  • Employees receive the cash value of phantom shares.

Question 18

Question
Which of the following theories states that stimulus leads to response that leads to consequence?
Answer
  • Punishment
  • Consequence
  • Reinforcement
  • Equity
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