TEST BANK for Strategic Human Resources Planning by Monica Belcourt (Complete 14 Chapters _Q&A)

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Strategic Compensation: A HumanResource Management Approach, 11e (Martocchio)
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Chapter 1 Strategic Compensation: A Component of Human Resource Systems
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1) refers to the design and implementation of compensation systems to reinforce the
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objectives of both HR strategies and competitive business strategies.
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A) Extrinsic compensation fm




B) Strategic compensation fm




C) Strategic analysis fm




D) Intrinsiccompensation m
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Answer: B
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Difficulty: Moderate f m




Skill: Concept
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AACSB: Analytical Thinking f m f m fm




LO: 1.1: Define strategic compensation.
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2) Protection programs are what type of compensation benefits? fm fm fm fm fm fm fm




A) External
B) Non-monetary rewards fm




C) Internal
D) Monetary
Answer:
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f B m




Difficulty: Moderate f m




Skill: Concept
fm f m




AACSB: Analytical Thinking f m f m fm




LO: 1.1: Define strategic compensation.
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3) Which of the following is NOT an example of a core compensation?
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A) Medical insurance fm




B) End-of-year bonuses fm




C) Merit pay fm




D) Monetarycompensation m
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Answer: A
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Difficulty: Moderate f m




Skill: Concept
fm f m




AACSB: Reflective Thinking f m f m fm




LO: 1.1: Define strategic compensation.
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,4) Since the COVID-19 epidemic restrictions eased and allowed employees to return to work,
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many companies have been offering higher pay increases. Approximately, how much have pay
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increases been?
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A) Less than 2% fm fm




B) 2% up to 2.9% fm fm fm




C) 3% up to 3.8% fm fm fm




D) 4%ormore m
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Answer: D
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Difficulty: Challenging f m




Skill: Concept
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AACSB: Application of Knowledge f m fm fm




fLO: 1.1:
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Define strategic compensation.
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5) Employee benefits refer to . fm fm fm fm




A) salary and bonuses fm fm




B) monetary compensation fm




C) nonmonetary rewards fm




D) effectivecompensationpractices m
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Answer: C
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Difficulty: Easy f m




Skill: Concept
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AACSB: Reflective Thinking f m f m fm




LO: 1.1: Define strategic compensation.
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6) Which of the following is a specific tactical HR compensation decision?
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A) Performance appraisal fm




B) Seniority pay fm




C) Recruitment
D) Training
Answer:
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f B m




Difficulty: Moderate f m




Skill: Concept
fm f m




AACSB: Analytical Thinking f m f m fm




LO: 1.1: Define strategic compensation.
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7) compensation refers to the mental state of employees as a result of their fm fm fm fm fm fm fm fm fm fm fm fm fm




performance on the job.
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A) Intrinsic
B) Extrinsic
C) Core
D) Monetary
Answer:
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f A m




Difficulty: Moderate f m




Skill: Concept
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AACSB: Reflective Thinking f m f m fm




2

,LO: f m f m 1.1: Define strategic compensation.
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3

, 8) Compensation represents both the intrinsic and extrinsic rewards employees receive for fm fm fm fm fm fm fm fm fm fm




performing their jobs. Briefly describe both types of rewards and indicate the professionals who are
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responsible for managing them.
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Answer: Intrinsic compensation reflects employees' psychological mind-sets that result from
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performing their jobs. Extrinsic compensation includes both monetary and nonmonetary rewards.
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Organizational development professionals promote intrinsic compensation through effective job
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design. Compensation professionals are responsible for extrinsic compensation. Extrinsic
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compensation includes both monetary and nonmonetary rewards. Compensation professionals
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establish monetary compensation programs to reward employees according to their job performance
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levels or for learning job-related knowledge or skills. Nonmonetary rewards include protection
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programs (e.g., medical insurance), paid time off (e.g., vacations), and services (e.g., day care
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assistance). Most compensation professionals refer to nonmonetary rewards as employee benefits.
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Difficulty: Moderate f m




Skill: Concept
fm f m




AACSB: Analytical Thinking f m f m fm




LO: 1.1: Define strategic compensation.
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9) Which of following contributed greatly to the need for a strategic approach to compensation?
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A) Advances in technology fm fm




B) Dramatic increases in CEO compensation fm fm fm fm




C) Higher productivity per worker fm fm fm




D) Greaterinequalityinwealth m
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f m
f




Answer: A
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Difficulty: Moderate f m




Skill: Concept
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AACSB: Analytical Thinking f m f m fm




LO: 1.2: Summarize the role of compensation as a strategic business partner.
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10) Which of the following shifts in workforce composition makes it necessary to have a fm fm fm fm fm fm fm fm fm fm fm fm fm




strategic approach to compensation issues?
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A) Fewer employees are earning college degrees. fm fm fm fm fm




B) More women entered the labor force after the pandemic.
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C) A leadership gap due to retiring baby boomers.
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D) Most younger employees do not have the same work ethic.
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Answer: C
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Difficulty: Moderate f m




Skill: Concept
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AACSB: Application of Knowledge f m f m fm fm




LO: 1.2: Summarize the role of compensation as a strategic business partner.
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