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HRMN 3420 TEST 2 Questions and Correct
Answers/ Latest Update / Already Graded
which is the first step in constructing a pay structure?
Ans: deciding on the number of pay structures
which of the following describes midpoint pay value
Ans: halfway mark on the pay range of minimum and maximum
rates
compensation budgets
Ans: blueprints that describe the allocation of monetary
resources
what is the key advantage associated with nonrecurring merit pay
increases
Ans: non-recurring merit pay increases strengthen the pay-for-
performance link and contain costs for the company
All rights reserved © 2025/ 2026 |
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Juan works as a salesperson for a major farming equipment
manufacturer. Usually, there is considerable lead time between when
he approaches a prospective client and when the sale is finalized. Juan
typically generates demand for the product and another member of
the sales team closes the sale. What type of commission would be
most appropriate for Juan?
Ans: salary-only plan
which type of plan spreads the risk of selling between the company and
its sales professionals
Ans: salary-plus-commission
Skill blocks are sets of skills (knowledge) necessary to perform a job.
Before grouping skills into blocks, a company needs to
Ans: develop job descriptions; organize jobs into job families
Skills assessment is a consideration when going from job-based pay to
person-focused pay. Which of the following questions is NOT relevant
to skills assessment?
Ans: which input should customers provide in the skills
assessment process?
All rights reserved © 2025/ 2026 |
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What major trend are companies following by using the broadbanding
concept to consolidate existing pay grades and ranges into fewer pay
grades and wider ranges?
Ans: making the organizations flatter
a major limitation of the two-tiered pay system is that
Ans: the company has difficulty recruiting and retaining new
hires who are brought in at a lower pay scale
when a company thoroughly examines its external market context and
its internal factors, it is, in essence,
Ans: conducting a strategic analysis
in recent years, ________ have become part of compensation surveys
because they are key elements of market-competitive pay systems
Ans: employee benefits
key piece of information that compensation specialists hope to gain
from compensation surveys is about
Ans: the pay practices of their competitors and employee
preferences for different forms of compensation
All rights reserved © 2025/ 2026 |
HRMN 3420 TEST 2 Questions and Correct
Answers/ Latest Update / Already Graded
which is the first step in constructing a pay structure?
Ans: deciding on the number of pay structures
which of the following describes midpoint pay value
Ans: halfway mark on the pay range of minimum and maximum
rates
compensation budgets
Ans: blueprints that describe the allocation of monetary
resources
what is the key advantage associated with nonrecurring merit pay
increases
Ans: non-recurring merit pay increases strengthen the pay-for-
performance link and contain costs for the company
All rights reserved © 2025/ 2026 |
, Page |2
Juan works as a salesperson for a major farming equipment
manufacturer. Usually, there is considerable lead time between when
he approaches a prospective client and when the sale is finalized. Juan
typically generates demand for the product and another member of
the sales team closes the sale. What type of commission would be
most appropriate for Juan?
Ans: salary-only plan
which type of plan spreads the risk of selling between the company and
its sales professionals
Ans: salary-plus-commission
Skill blocks are sets of skills (knowledge) necessary to perform a job.
Before grouping skills into blocks, a company needs to
Ans: develop job descriptions; organize jobs into job families
Skills assessment is a consideration when going from job-based pay to
person-focused pay. Which of the following questions is NOT relevant
to skills assessment?
Ans: which input should customers provide in the skills
assessment process?
All rights reserved © 2025/ 2026 |
, Page |3
What major trend are companies following by using the broadbanding
concept to consolidate existing pay grades and ranges into fewer pay
grades and wider ranges?
Ans: making the organizations flatter
a major limitation of the two-tiered pay system is that
Ans: the company has difficulty recruiting and retaining new
hires who are brought in at a lower pay scale
when a company thoroughly examines its external market context and
its internal factors, it is, in essence,
Ans: conducting a strategic analysis
in recent years, ________ have become part of compensation surveys
because they are key elements of market-competitive pay systems
Ans: employee benefits
key piece of information that compensation specialists hope to gain
from compensation surveys is about
Ans: the pay practices of their competitors and employee
preferences for different forms of compensation
All rights reserved © 2025/ 2026 |
