1.What term describes the observable abilities, knowledge, or behaviors that contribute to an employee's effective performance?
2.Which components are typically included in the compensation package for senior company executives?
3.How is the 'rate of return on investment' best categorized?
4.Compensation and reward packages created for employees should primarily support the company in accomplishing its:
5.Which technique involves an employer initially selecting the highest and lowest candidates, then repeatedly choosing the next highest and lowest?
6.The operating profit margin is a component of which financial measure?
7.Which of the following best describes a sales commission?
8.What is the term for the combination of salary, bonuses, and additional benefits structured to encourage employee motivation?
9.Microsoft compensates new programmers for acquiring specific knowledge about Windows. What type of pay structure does this represent?
10.How are total profit and rate of return categorized?
11.Which method enables employers to adopt a flexible approach to managing labor costs?
12.Which compensable factor is highlighted by the Hay consulting firm?
13.Once external and internal equity have been established, what is the subsequent step in setting pay rates?
14.Which term encompasses an individual's work experience and area of academic study?
15.Which methods are commonly employed to evaluate and compare different jobs?
16.Which method involves ordering jobs according to their level of difficulty?
17.Which of the following is NOT a component of the Equity Theory of Motivation?
18.Which type of incentive grants executives the option to buy company shares within a set timeframe?
19.Which component includes an individual's fixed salary along with any assured bonuses?
20.Which type of payment is determined by performance increments?