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Citrus College BUS 172 Chapter 9 Test Questions and Answers 2023
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1. If rates of pay are high, which creates a large applicant pool, then organizations may choose to raise their selection standards. *a. True b. False 2. Strategic compensation is the term used for all the processes used t o determine the market rates to pay employees. a. True *b. False 3. Raising selection standards and hiring better-qualified employees ca n reduce training costs. *a. True b. False 4. LennoCorp has introduced a new recognition program in which employee s are publicly recognized for outstanding efforts or contributions to t he firm. This is a form of nonfinancial compensation. *a. True b. False
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