WGU C202 MANAGING HUMAN CAPITAL ALL UPDATED
ACTUAL QUESTIONS AND CORRECT ANSWERS
Question:
Direct financial compensation
Answer:
compensation received in the form of salary, wages, commissions, stock options or bonuses
Question:
indirect financial compensation
Answer:
all the tangible and financially valued rewards that are not included in direct compensation including free
meals, vacation time and health insurance
Question:
nonfinancial compensation
Answer:
rewards and incentives given to employees that aren't financial in nature
Question:
base pay
Answer:
reflects the size and scope of an employee's responsibilities
Question:
severance pay
Answer:
give to employees upon termination of their employment
Question:
fixed pay
Answer:
pays employees a set amount regardless of performance
Question:
variable pay
Answer:
bases some or all of an employee's compensation on employee, team, or organizational
Question:
pay structure
Answer:
the array of pay rates for different work or skills within a single organization
, Question:
pay mix
Answer:
the relative emphasis give to different compensation components
Question:
pay leader
Answer:
organization with a compensation policy of giving employees greater rewards than competitors
Question:
pay follower
Answer:
an organization that pays its front-line employees as little as possible
Question:
resource dependence theory
Answer:
proposition that organizational decisions are influenced by both internal and external agents who control
critical resources
Question:
wage differentials
Answer:
differences in wage between various workers, groups of workers, or workers within a career field
Question:
labor market
Answer:
all of the potential employees located within a geographic area from which the organization might be able
to hire
Question:
cost of living allowances
Answer:
clauses in union contacts that automatically increase wages base on the U.S. Bureau of Labor Statistics'
cost of living index
Question:
market pricing
Answer:
uses external sources of information about how others are compensating a certain position to assign value
to a company's similar job
Question:
Compensation surveys
ACTUAL QUESTIONS AND CORRECT ANSWERS
Question:
Direct financial compensation
Answer:
compensation received in the form of salary, wages, commissions, stock options or bonuses
Question:
indirect financial compensation
Answer:
all the tangible and financially valued rewards that are not included in direct compensation including free
meals, vacation time and health insurance
Question:
nonfinancial compensation
Answer:
rewards and incentives given to employees that aren't financial in nature
Question:
base pay
Answer:
reflects the size and scope of an employee's responsibilities
Question:
severance pay
Answer:
give to employees upon termination of their employment
Question:
fixed pay
Answer:
pays employees a set amount regardless of performance
Question:
variable pay
Answer:
bases some or all of an employee's compensation on employee, team, or organizational
Question:
pay structure
Answer:
the array of pay rates for different work or skills within a single organization
, Question:
pay mix
Answer:
the relative emphasis give to different compensation components
Question:
pay leader
Answer:
organization with a compensation policy of giving employees greater rewards than competitors
Question:
pay follower
Answer:
an organization that pays its front-line employees as little as possible
Question:
resource dependence theory
Answer:
proposition that organizational decisions are influenced by both internal and external agents who control
critical resources
Question:
wage differentials
Answer:
differences in wage between various workers, groups of workers, or workers within a career field
Question:
labor market
Answer:
all of the potential employees located within a geographic area from which the organization might be able
to hire
Question:
cost of living allowances
Answer:
clauses in union contacts that automatically increase wages base on the U.S. Bureau of Labor Statistics'
cost of living index
Question:
market pricing
Answer:
uses external sources of information about how others are compensating a certain position to assign value
to a company's similar job
Question:
Compensation surveys
