WORK C12 VARIABLE PAY IMPROVING PERFORMANCE WITH
VARIABLE PAY |230 COMPLETE AND GRADED QUESTIONS AND
ANSWERS 2026 LATEST UPDATED | 100% GRADED CORRECT | 100%
GUARANTEED TO PASS | GET A+
Primary Elements of Compensation - (answer)Fixed and variable pay rewards
Market-based - (answer)Rewards individuals for their value relative to the labor market
Performance-based - (answer)Rewards individuals for their sustained performance over time
Skill-based - (answer)Rewards individuals for their acquisition of new skills and competences
Fixed pay rewards are based on - (answer)Market-base; Performance-base and Skill-base
Fixed pay rewards are based on - (answer)Employee's value
,Variable pay rewards for - (answer)Accomplishments and results
Variable pay rewards - (answer)Organizational, group or individual results
Performance-based compensation - (answer)Serves as a pay differentiator between those who
achieve results and those who do not
The goal of variable pay - (answer)To improve organizational performance
Business strategy - (answer)The broad framework of principles and approaches that guide the
day-to-day decisions affecting the business
Business strategy - (answer)Supports the organization's mission, goals and objectives
Organizations place primary focus on three strategies - (answer)Operational excellence;
Product/service leadership and Customer intimacy
,Strategy -Operational excellence - (answer)This strategy includes a combination of price, quality,
dependability and ease of purchase that competitors cannot match. The corporate culture
typically strives to minimize waste and reward efficiency
Strategy -Operational excellence - (answer)The corporate culture typically strives to minimize
waste and reward efficiency
Strategy -Product/service leadership - (answer)Primarily an innovation-based strategy
Strategy -Operational excellence - (answer)Primarily a price/cost-based strategy
Strategy -Product/service leadership - (answer)This strategy focuses on innovation, product
development and market exploitation.
Strategy -Product/service leadership - (answer)The corporate culture encourages imagination and
a mind-set driven by the prospect of creating the future
Strategy -Product/service leadership - (answer)Organizations that use this strategy offer products
and services that expand performance boundries
, Strategy -Customer intimacy - (answer)Primarily a solutions-based strategy
Strategy -Customer intimacy - (answer)This strategy focuses on creating results for carefully
selected customers (making them successful)
Strategy -Customer intimacy - (answer)The corporate culture encourages deep and lasting
relationships with customers
Strategy -Customer intimacy - (answer)Organizations that use this strategy build bonds with
targeted customers; they meet or exceed customer needs to build customer loyalty
Business objectives - (answer)The link between an organization's business strategy and the
specific actions or behaviors employees must take
Business objectives: Strategy -Operational excellence - (answer)Product quality; Operational
efficiency improvement; process improvement and cost reduction
Business objectives: Strategy -Product/service leadership - (answer)Market share/market
penetration; Product development and Time from innovation to market