WGU C236 Study Guide OA Exam 122 Questions
with Verified Answers
The collection of decisions, approaches, and activities that allow an organization
to compete and win - CORRECT ANSWER What is considered the Business
Strategy?
Focusing business priorities on providing a lower-cost product or service. -
CORRECT ANSWER What does a Cost Leadership Strategy emphasize?
Providing innovative, exceptional, and high-quality products and/or services to
customers. - CORRECT ANSWER How is differentiation strategy defined?
Targeting business priorities toward addressing a specific section of the market. -
CORRECT ANSWER How does an organization use Niche-Focused Strategy?
A combination of cost-leadership, differentiation, and niche-focused business
strategies. - CORRECT ANSWER How does a company use a Hybrid Strategy?
Assessing an organization's internal strengths and weaknesses and external
opportunities and threats. - CORRECT ANSWER What does SWOT analysis refer to?
Capabilities, activities, customer perceptions, and market positions that allow an
organization to outcompete its rivals. - CORRECT ANSWER Define critical success
factors and explain how an organization can use the process?
,Policies, practices, and systems that manage the interface between the
organization and its employees in order to enable long-term organizational
performance. - CORRECT ANSWER What is Human Resource Strategy?
Workforce planning, recruiting, selection, training, rewards, performance
management, career management, HRIS, and strategic functions across all areas. -
CORRECT ANSWER List the functions of Human Resources.
Benefits that provide monetary benefits, and developmental rewards to
employees who meet business goals. - CORRECT ANSWER Explain what an
organization's Total Rewards Strategy is composed of?
Specifies the type, level, and combination of rewards offered to employees. -
CORRECT ANSWER What is Total Rewards Content Strategy?
The reward forms offered (e.g., cash, benefits, etc.) and the way in which they
relate to each other. - CORRECT ANSWER What does the Reward Form
Combination Strategy refer to?
Leading the Market - A Rewards Strategy in which the firm is trying to provide
more of a given reward than its competitors for those employees. Lagging the
Market - When an organization provides a lesser amount of the reward than its
competitors. Matching the Market - A Rewards Strategy of providing an amount of
the reward equal to the market average. - CORRECT ANSWER What is the
difference between Leading the Market, Lagging the Market, and Matching the
Market?
, The decisions, policies, and practices that define how Total Rewards are designed
and implemented. - CORRECT ANSWER How does the organization use Total
Rewards Process Strategies?
Clear information on the who, what, when, and why of the reward system is
available to all. - CORRECT ANSWER What are Principles of Transparency?
Design Strategy - The process used to design the rewards system. Data - Facts and
statistics collected for reasoning or calculation. Broad Input - Help, advice and
thoughts from employees of all levels of the organization. - CORRECT ANSWER
How are Data and Broad Input used in developing the Design Strategy?
A plan for creating, sharing, and receiving information relating to its Total Rewards
Systems. - CORRECT ANSWER What is considered the Communication Strategy for
the Organization
The policies and practices that allocate design, implementation, and discretionary
control of the rewards system. It answers the question of 'who is in charge of the
rewards?' Organizations can take a Centralized approach in which the Human
Resources department makes all decisions relating to pay strategy, as well as
specific reward decisions such as salary offers to prospective employees, pay
raises to current employees, and allocations of bonuses. On the other extreme, a
Decentralized approach allows such decisions to be made by the employee's
immediate supervisor or manager. Most organizations find a balance between
these two extremes by providing managers with some structure and limits to their
decisions while still allowing them discretion to deal with their specific employees
in assigned situations. - CORRECT ANSWER Explain the Role and Control Strategy
and State the two approaches used in the strategy.
with Verified Answers
The collection of decisions, approaches, and activities that allow an organization
to compete and win - CORRECT ANSWER What is considered the Business
Strategy?
Focusing business priorities on providing a lower-cost product or service. -
CORRECT ANSWER What does a Cost Leadership Strategy emphasize?
Providing innovative, exceptional, and high-quality products and/or services to
customers. - CORRECT ANSWER How is differentiation strategy defined?
Targeting business priorities toward addressing a specific section of the market. -
CORRECT ANSWER How does an organization use Niche-Focused Strategy?
A combination of cost-leadership, differentiation, and niche-focused business
strategies. - CORRECT ANSWER How does a company use a Hybrid Strategy?
Assessing an organization's internal strengths and weaknesses and external
opportunities and threats. - CORRECT ANSWER What does SWOT analysis refer to?
Capabilities, activities, customer perceptions, and market positions that allow an
organization to outcompete its rivals. - CORRECT ANSWER Define critical success
factors and explain how an organization can use the process?
,Policies, practices, and systems that manage the interface between the
organization and its employees in order to enable long-term organizational
performance. - CORRECT ANSWER What is Human Resource Strategy?
Workforce planning, recruiting, selection, training, rewards, performance
management, career management, HRIS, and strategic functions across all areas. -
CORRECT ANSWER List the functions of Human Resources.
Benefits that provide monetary benefits, and developmental rewards to
employees who meet business goals. - CORRECT ANSWER Explain what an
organization's Total Rewards Strategy is composed of?
Specifies the type, level, and combination of rewards offered to employees. -
CORRECT ANSWER What is Total Rewards Content Strategy?
The reward forms offered (e.g., cash, benefits, etc.) and the way in which they
relate to each other. - CORRECT ANSWER What does the Reward Form
Combination Strategy refer to?
Leading the Market - A Rewards Strategy in which the firm is trying to provide
more of a given reward than its competitors for those employees. Lagging the
Market - When an organization provides a lesser amount of the reward than its
competitors. Matching the Market - A Rewards Strategy of providing an amount of
the reward equal to the market average. - CORRECT ANSWER What is the
difference between Leading the Market, Lagging the Market, and Matching the
Market?
, The decisions, policies, and practices that define how Total Rewards are designed
and implemented. - CORRECT ANSWER How does the organization use Total
Rewards Process Strategies?
Clear information on the who, what, when, and why of the reward system is
available to all. - CORRECT ANSWER What are Principles of Transparency?
Design Strategy - The process used to design the rewards system. Data - Facts and
statistics collected for reasoning or calculation. Broad Input - Help, advice and
thoughts from employees of all levels of the organization. - CORRECT ANSWER
How are Data and Broad Input used in developing the Design Strategy?
A plan for creating, sharing, and receiving information relating to its Total Rewards
Systems. - CORRECT ANSWER What is considered the Communication Strategy for
the Organization
The policies and practices that allocate design, implementation, and discretionary
control of the rewards system. It answers the question of 'who is in charge of the
rewards?' Organizations can take a Centralized approach in which the Human
Resources department makes all decisions relating to pay strategy, as well as
specific reward decisions such as salary offers to prospective employees, pay
raises to current employees, and allocations of bonuses. On the other extreme, a
Decentralized approach allows such decisions to be made by the employee's
immediate supervisor or manager. Most organizations find a balance between
these two extremes by providing managers with some structure and limits to their
decisions while still allowing them discretion to deal with their specific employees
in assigned situations. - CORRECT ANSWER Explain the Role and Control Strategy
and State the two approaches used in the strategy.
