C202 Managing Human Capital Ch. 9-
14 Exam Questions & Answers (Grade
A+)
Direct financial compensation -
correct answer ✅compensation received in the form of salary,
wages, commissions, stock options or bonuses
indirect financial compensation -
correct answer ✅all the tangible and financially valued rewards
that are not included in direct compensation including free meals,
vacation time and health insurance
nonfinancial compensation -
correct answer ✅rewards and incentives given to employees that
aren't financial in nature
base pay -
correct answer ✅reflects the size and scope of an employee's
responsibilities
severance pay -
correct answer ✅give to employees upon termination of their
employment
,C202 Managing Human Capital Ch. 9-
14 Exam Questions & Answers (Grade
A+)
fixed pay -
correct answer ✅pays employees a set amount regardless of
performance
variable pay -
correct answer ✅bases some or all of an employee's
compensation on employee, team, or organizational
pay structure -
correct answer ✅the array of pay rates for different work or skills
within a single organization
pay mix -
correct answer ✅the relative emphasis give to different
compensation components
pay leader -
correct answer ✅organization with a compensation policy of giving
employees greater rewards than competitors
,C202 Managing Human Capital Ch. 9-
14 Exam Questions & Answers (Grade
A+)
pay follower -
correct answer ✅an organization that pays its front-line employees
as little as possible
resource dependence theory -
correct answer ✅proposition that organizational decisions are
influenced by both internal and external agents who control critical
resources
wage differentials -
correct answer ✅differences in wage between various workers,
groups of workers, or workers within a career field
labor market -
correct answer ✅all of the potential employees located within a
geographic area from which the organization might be able to hire
cost of living allowances -
correct answer ✅clauses in union contacts that automatically
increase wages base on the U.S. Bureau of Labor Statistics' cost of
living index
, C202 Managing Human Capital Ch. 9-
14 Exam Questions & Answers (Grade
A+)
market pricing -
correct answer ✅uses external sources of information about how
others are compensating a certain position to assign value to a
company's similar job
Compensation surveys -
correct answer ✅surveys of other organizations conducted to
learn what they are paying for specific jobs or job classes
benchmark jobs -
correct answer ✅jobs that tend to exist across departments and
across diverse organizations allowing them to be used as a basis for
compensation comparisons
job evaluation -
correct answer ✅a systematic process that uses expert judgement
to assess differences in value between jobs
14 Exam Questions & Answers (Grade
A+)
Direct financial compensation -
correct answer ✅compensation received in the form of salary,
wages, commissions, stock options or bonuses
indirect financial compensation -
correct answer ✅all the tangible and financially valued rewards
that are not included in direct compensation including free meals,
vacation time and health insurance
nonfinancial compensation -
correct answer ✅rewards and incentives given to employees that
aren't financial in nature
base pay -
correct answer ✅reflects the size and scope of an employee's
responsibilities
severance pay -
correct answer ✅give to employees upon termination of their
employment
,C202 Managing Human Capital Ch. 9-
14 Exam Questions & Answers (Grade
A+)
fixed pay -
correct answer ✅pays employees a set amount regardless of
performance
variable pay -
correct answer ✅bases some or all of an employee's
compensation on employee, team, or organizational
pay structure -
correct answer ✅the array of pay rates for different work or skills
within a single organization
pay mix -
correct answer ✅the relative emphasis give to different
compensation components
pay leader -
correct answer ✅organization with a compensation policy of giving
employees greater rewards than competitors
,C202 Managing Human Capital Ch. 9-
14 Exam Questions & Answers (Grade
A+)
pay follower -
correct answer ✅an organization that pays its front-line employees
as little as possible
resource dependence theory -
correct answer ✅proposition that organizational decisions are
influenced by both internal and external agents who control critical
resources
wage differentials -
correct answer ✅differences in wage between various workers,
groups of workers, or workers within a career field
labor market -
correct answer ✅all of the potential employees located within a
geographic area from which the organization might be able to hire
cost of living allowances -
correct answer ✅clauses in union contacts that automatically
increase wages base on the U.S. Bureau of Labor Statistics' cost of
living index
, C202 Managing Human Capital Ch. 9-
14 Exam Questions & Answers (Grade
A+)
market pricing -
correct answer ✅uses external sources of information about how
others are compensating a certain position to assign value to a
company's similar job
Compensation surveys -
correct answer ✅surveys of other organizations conducted to
learn what they are paying for specific jobs or job classes
benchmark jobs -
correct answer ✅jobs that tend to exist across departments and
across diverse organizations allowing them to be used as a basis for
compensation comparisons
job evaluation -
correct answer ✅a systematic process that uses expert judgement
to assess differences in value between jobs
