MAN 4330 Exam 1 Questions With Correct Answers!!

During collective bargaining, compensation professionals ensure that ________. - Answer-employees receive cost-of-living adjustments and seniority pay increases Cost-of-living adjustments represent ________. - Answer-periodic base pay increases Why has HR traditionally been viewed as an administrative or support function? - Answer-The financial or marketing value of HR was not as apparent Which of the following refers to knowing that one's work matters in the lives of others? - AnswerIntrinsic compensation Which of the following are responsible for proving that alleged discriminatory pay practices are not discriminatory? - Answer-Compensation professionals In a pay-effort bargain, the basis for employee compensation is ________. - Answer-an employee's job performance level Which of the following is important for successful pay-for-knowledge programs? - AnswerDeveloping and implementing systematic training programs Within the HR profession, a(n) ________ is a top-level manager who reports directly to the corporation's CEO or to the head of a major division. - Answer-executive Economists call the sets of collective skills, knowledge, and abilities of employees ________. - Answer-human capital Which term refers to money received by employees on a recurring basis for performing their jobs? - Answer-Base pay The chief reason that human resource and compensation professionals in today's work environment need to think like CEOs is to ________. - Answer-accomplish strategic organizational goalsMarco is employed as a production worker at TVX Industries. Marco is best described as a ________. - Answer-line employee Corporate strategy formulation is typically based on ________, which help determine threats and opportunities. - Answer-environmental scanning activities All of the following are examples of differentiation strategies EXCEPT ________. - Answer-producing low-cost, standardized goods Which of the following factors is the biggest threat to McDonald's success? - Answer-Changing consumer preferences