WGU C236 Compensation & Benefit |506
Questions with verified answers
___________ represent the most straightforward way to compare company or
individual pay rates to the market pay rates.
Modes
Ranges
Percentages
Medians Ans✓✓✓
______________ differences in pay between pay grades, or extremely high payoff
potential for a bonus system, can help create a high degree of motivation.
Insignificant
Large
Small
Tiny Ans✓✓✓
________________ and ___________ theory would both recommend that
contingencies in pay be made very clear.
Enforcement and expectancy
Reinforcement and expected
Reinforcement and expectancy
None of the above Ans✓✓✓ Reinforcement and expectancy
_________________ are one way to establish the price for any good or service.
Governments
,Markets
International trades
Stock markets Ans✓✓✓ Markets
_________________ can have an important impact on employees and the
meaning they perceive in work.
Government
Senior management
Leaders
Managers Ans✓✓✓ Leaders
__________________ are an important part of the modern workplace.
Benefits
Social relationships
Paid time off
All of the above Ans✓✓✓ Social relationships
____________________ is provided for many federally recognized holidays.
Sick pay
Paid time off
Holiday pay
All of the above Ans✓✓✓ Holiday pay
____________________ provide(s) a payout to survivors of the employee upon
his or her death.
,HSA
Life insurance
Health insurance
Premiums Ans✓✓✓ Life insurance
____________________ systems reward employees with a fixed amount of
compensation with each unit of work they produce.
Team-based bonus
Piece rate
Gain sharing
Profit-sharing Ans✓✓✓ Piece rate
_____________________ provide employees the right to purchase a set amount
of shares of stock for a set price.
Stock options
Stock benefits
Benefit options
Stock price Ans✓✓✓ Stock options
_____________________ reward systems are most often used for jobs with a
sales component and provide employees a set percentage of the sales that they
make.
Salaried
Commission-based pay
Hourly
None of the above Ans✓✓✓ Commission-based pay
, _____________________ would be made available as a break from work, with no
constraints on why the employee wants to use the time.
PPO
Sick days
Vacation time
Paid time off Ans✓✓✓ Vacation time
______________________ are used when the employee is free to not come into
work, even if they are not sick.
Sick days
Holiday pay days
Paid time off days
Personal days Ans✓✓✓ Personal days
________________________ refers to the direct monetary pay given to an
employee in exchange for their contributions to the organization.
Total rewards
Time off
Benefits
Cash compensation Ans✓✓✓ Cash compensation
________________________ ties rewards to the collective actions and results
achieved by teams, groups and units in the organization.
Group-based variable pay
Variable pay
Questions with verified answers
___________ represent the most straightforward way to compare company or
individual pay rates to the market pay rates.
Modes
Ranges
Percentages
Medians Ans✓✓✓
______________ differences in pay between pay grades, or extremely high payoff
potential for a bonus system, can help create a high degree of motivation.
Insignificant
Large
Small
Tiny Ans✓✓✓
________________ and ___________ theory would both recommend that
contingencies in pay be made very clear.
Enforcement and expectancy
Reinforcement and expected
Reinforcement and expectancy
None of the above Ans✓✓✓ Reinforcement and expectancy
_________________ are one way to establish the price for any good or service.
Governments
,Markets
International trades
Stock markets Ans✓✓✓ Markets
_________________ can have an important impact on employees and the
meaning they perceive in work.
Government
Senior management
Leaders
Managers Ans✓✓✓ Leaders
__________________ are an important part of the modern workplace.
Benefits
Social relationships
Paid time off
All of the above Ans✓✓✓ Social relationships
____________________ is provided for many federally recognized holidays.
Sick pay
Paid time off
Holiday pay
All of the above Ans✓✓✓ Holiday pay
____________________ provide(s) a payout to survivors of the employee upon
his or her death.
,HSA
Life insurance
Health insurance
Premiums Ans✓✓✓ Life insurance
____________________ systems reward employees with a fixed amount of
compensation with each unit of work they produce.
Team-based bonus
Piece rate
Gain sharing
Profit-sharing Ans✓✓✓ Piece rate
_____________________ provide employees the right to purchase a set amount
of shares of stock for a set price.
Stock options
Stock benefits
Benefit options
Stock price Ans✓✓✓ Stock options
_____________________ reward systems are most often used for jobs with a
sales component and provide employees a set percentage of the sales that they
make.
Salaried
Commission-based pay
Hourly
None of the above Ans✓✓✓ Commission-based pay
, _____________________ would be made available as a break from work, with no
constraints on why the employee wants to use the time.
PPO
Sick days
Vacation time
Paid time off Ans✓✓✓ Vacation time
______________________ are used when the employee is free to not come into
work, even if they are not sick.
Sick days
Holiday pay days
Paid time off days
Personal days Ans✓✓✓ Personal days
________________________ refers to the direct monetary pay given to an
employee in exchange for their contributions to the organization.
Total rewards
Time off
Benefits
Cash compensation Ans✓✓✓ Cash compensation
________________________ ties rewards to the collective actions and results
achieved by teams, groups and units in the organization.
Group-based variable pay
Variable pay
