BUS/409 BUS409 BUS 409 WEEK 2 QUIZ 1

This allows business professionals to determine where they currently stand in the market based on both the external market context and internal factors.

These describe the terms of employment that are set between management and union bargaining representatives.

What type of pay system rewards employees for partially or completely attaining a predetermined work objective?

This is a way in which companies often trim their payroll responsibilities by encouraging higher paid workers with more seniority to voluntarily leave the company earlier than previously planned.

What is the primary factor that will prevent companies from growing in the next decade?

These compensation systems go a long way in attracting and retaining the most qualified employees, and are based upon market surveys and compensation surveys.

Samuel is a recently hired HR professional working at XYZ Motor Co. His current project involves recording the time it takes assembly workers to complete their tasks. With the help of industrial engineers in the manufacturing plant, the aim of this project is to identify the most effective ways of assembly operations. Which of the following is NOT related to Samuel's project?

What represents the pay rate differences for jobs and employee contributions of unequal worth to a company?

A company's ability to sustain market share and profitability for several years running is referred to by what term?

A company using this competitive strategy seeks to offer a product or service that is completely unique from other competitors in their market segment.

Ryanair uses one type of aircraft in its fleet and requires their passengers to carry their luggage to the plane. Ryanair's decisions exemplify which of the following competitive strategies?

Which of these actions would HR seek to encourage in attempting to create a lowest-cost competitive strategy?

What do compensation managers use to recognize differences in the relative net worth of jobs and to establish pay differentials based upon management priorities?

Which of the following is NOT one of the three broad categories that discretionary benefits fall into?

Which of these is a company sponsored program that provides income to workers throughout their retirement?