COMPLETE TEST BANK FOR
Strategic Compensation: A Human Resource Management Approach, 11th Edition
(2024) || REVISED ANSWERS|| LATEST EDITION
11th Edition
,Table of Contents
Chapter 1: Strategic Compensation: A Component of Human Resource Systems .................... 3
Chapter 2: Contextual Influences on Compensation Practice................................................ 22
Chapter 3: Traditional Bases for Pay: Seniority and Merit ........................................................ 41
Chapter 4: Incentive Pay .......................................................................................................... 60
Chapter 5: Person-Focused Pay .............................................................................................. 78
Chapter 6: Building Internally Consistent Compensation Systems ......................................... 96
Chapter 7: Building Market-Competitive Compensation Systems .......................................... 113
Chapter 8: Building Pay Structures that Recognize Employee Contributions ......................... 131
Chapter 9: Discretionary Benefits ........................................................................................... 148
Chapter 10: Legally Required Benefits .................................................................................... 165
Chapter 11: Compensating Executives.................................................................................... 183
Chapter 12: Contingent Workers, Remote Work, and Flexible Work Schedule Arrangements
................................................................................................................................................. 200
Chapter 13: Compensating Expatriates .................................................................................. 217
Chapter 14: Pay and Benefits Outside the United States ....................................................... 234
,Chapter 1: Strategic Compensation: A Component of Human Resource
Systems
1) Refers to the design and implementation of compensation systems to reinforce
the objectives of both HR strategies and competitive business strategies.
A) Extrinsic compensation
B) Strategic compensation
C) Strategic analysis
D) Intrinsic compensation
Correct Answer: B
Difficulty: Moderate Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define strategic compensation.
2) Protection programs are what type of compensation benefits?
A) External
B) Non-monetary rewards
C) Internal
D) Monetary
Correct Answer: B
Difficulty: Moderate Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define strategic compensation.
3) Which of the following is NOT an example of a core compensation?
A) Medical insurance
B) End-of-year bonuses
C) Merit pay
, D) Monetary compensation
Correct Answer: A
Difficulty: Moderate Skill: Concept
AACSB: Reflective Thinking
LO: 1.1: Define strategic compensation.
4) Since the COVID-19 epidemic restrictions eased and allowed employees to return to
work, many companies have been offering higher pay increases. Approximately, how much have
pay increases been?
A) Less than 2%
B) 2% up to 2.9%
C) 3% up to 3.8%
D) 4% or more
Correct Answer: D
Difficulty: Challenging Skill: Concept
AACSB: Application of Knowledge LO: 1.1: Define strategic compensation.
5) Employee benefits refer to .
A) Salary and bonuses
B) Monetary compensation
C) Nonmonetary rewards
D) Effective compensation practices
Correct Answer: C
Difficulty: Easy Skill: Concept
AACSB: Reflective Thinking
LO: 1.1: Define strategic compensation.
6) Which of the following is a specific tactical HR compensation decision?
Strategic Compensation: A Human Resource Management Approach, 11th Edition
(2024) || REVISED ANSWERS|| LATEST EDITION
11th Edition
,Table of Contents
Chapter 1: Strategic Compensation: A Component of Human Resource Systems .................... 3
Chapter 2: Contextual Influences on Compensation Practice................................................ 22
Chapter 3: Traditional Bases for Pay: Seniority and Merit ........................................................ 41
Chapter 4: Incentive Pay .......................................................................................................... 60
Chapter 5: Person-Focused Pay .............................................................................................. 78
Chapter 6: Building Internally Consistent Compensation Systems ......................................... 96
Chapter 7: Building Market-Competitive Compensation Systems .......................................... 113
Chapter 8: Building Pay Structures that Recognize Employee Contributions ......................... 131
Chapter 9: Discretionary Benefits ........................................................................................... 148
Chapter 10: Legally Required Benefits .................................................................................... 165
Chapter 11: Compensating Executives.................................................................................... 183
Chapter 12: Contingent Workers, Remote Work, and Flexible Work Schedule Arrangements
................................................................................................................................................. 200
Chapter 13: Compensating Expatriates .................................................................................. 217
Chapter 14: Pay and Benefits Outside the United States ....................................................... 234
,Chapter 1: Strategic Compensation: A Component of Human Resource
Systems
1) Refers to the design and implementation of compensation systems to reinforce
the objectives of both HR strategies and competitive business strategies.
A) Extrinsic compensation
B) Strategic compensation
C) Strategic analysis
D) Intrinsic compensation
Correct Answer: B
Difficulty: Moderate Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define strategic compensation.
2) Protection programs are what type of compensation benefits?
A) External
B) Non-monetary rewards
C) Internal
D) Monetary
Correct Answer: B
Difficulty: Moderate Skill: Concept
AACSB: Analytical Thinking
LO: 1.1: Define strategic compensation.
3) Which of the following is NOT an example of a core compensation?
A) Medical insurance
B) End-of-year bonuses
C) Merit pay
, D) Monetary compensation
Correct Answer: A
Difficulty: Moderate Skill: Concept
AACSB: Reflective Thinking
LO: 1.1: Define strategic compensation.
4) Since the COVID-19 epidemic restrictions eased and allowed employees to return to
work, many companies have been offering higher pay increases. Approximately, how much have
pay increases been?
A) Less than 2%
B) 2% up to 2.9%
C) 3% up to 3.8%
D) 4% or more
Correct Answer: D
Difficulty: Challenging Skill: Concept
AACSB: Application of Knowledge LO: 1.1: Define strategic compensation.
5) Employee benefits refer to .
A) Salary and bonuses
B) Monetary compensation
C) Nonmonetary rewards
D) Effective compensation practices
Correct Answer: C
Difficulty: Easy Skill: Concept
AACSB: Reflective Thinking
LO: 1.1: Define strategic compensation.
6) Which of the following is a specific tactical HR compensation decision?
