Citrus College BUS 172 Chapter 9|Complete Guide A+

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 5. Rewarding an employee's past performance is not a goal of a strategi c compensation policy. a. True *b. False 6. LennoCorp is using a form of the OKR system as a way to link compens ation to performance. An appropriate objective for the sales team might be "sales should increase by 7 percent this month." *a. True b. False 7. LennoCorp is using a form of the OKR system as a way to link compens ation to performance. An appropriate objective for the production unit might be "productivity should increase." a. True *b. Fal