Questions And Answers Latest Updated
2025/2026 Graded A+.
Business Strategy Correct ans - The collection of decision, approaches, and
activities that allow an organization to complete and win.
Cost Leadership Strategy Correct ans - Focusing business priories on providing a
lower-cost product or service.
Differentiation Strategy Correct ans - Providing innovative, exceptional, and high
quality products and/or services to customers.
Niche-Focused Strategy Correct ans - Targeting business priorities toward
addressing a specific section of the market
Hybrid Strategy Correct ans - Employing a combination of cost-leadership,
differentiation and niche-focused business strategies.
Critical Success Factors Correct ans - Capabilities, activities, customer
perceptions and market positions that allow an organization to out-compete its rivals.
Total rewards strategy Correct ans - The combination of pay forms, plans,
policies and practices that enable long-term organizational performance.
Total Reward Content Strategy Correct ans - Specifies the type, level and
combination of rewards offered to employees.
Reward Form Combinations Strategy Correct ans - The reward forms offered
(cash, benefits, etc.) and the way in which they relate to each other.
Reward Level Strategy Correct ans - How much is being offered?
Absolute level Correct ans - The reward can be defined.
Relative Level Correct ans - States the rewards strategy as greater than, equal
to, or less than some labor market reference point.
Centralized approach Correct ans - Human Resources makes all the decisions
Decentralized approach Correct ans - Decisions are made by the employee's
immediate supervisor or manager.
, Job Analysis Correct ans - The process of systematically analyzing positions that
result in completed work in organizations.
Traditional interview method Correct ans - The job analyst asks the job
incumbent preset questions about the content, skills needed and time spent on
activities in the job.
Panel Interview Correct ans - Multiple job incumbents (and sometime multiple
job analysts) all meet together to analyze the job.
Custom Questionnaires Correct ans - A series of questions that job incumbents
complete on their own.
Generic Questionnaire Correct ans - Purchased from a third party and use
general questions to which incumbents respond using scaled ratings.
Occupational Information Network (O*NET) Correct ans - Online database
created by the US DOL that provides an exhaustive listing of jobs and occupations
PayScale Correct ans - Web site that hosts a continuous compensation and
benefits survey that is based on data gathered from individuals who visit its site.
Occupational Outlook Handbook Correct ans - Searchable database provides
more occupation-level information about jobs and work in organizations.
Job Design Correct ans - Process of systematically constructing jobs to make
them functional, efficient and motivational.
Job Title Correct ans - The name by which the job is known within the
company.
Reference ID Correct ans - A letter and/or numeric code used to reference the
job, often in databases.
Job Family Correct ans - Grouping of jobs that have similar functions or content.
Job specification Correct ans - Translates the tasks, duties and responsibilities
(TDR's) into the knowledge, skills, abilities and other (KSAO's) that an employee needs
to perform the job at a satisfactory level.
Job-based Approach Correct ans - Internal reward alignment assumes that
organizations provide rewards based upon the job that a person holds.