ACTUAL EXAM NEWEST VERSION 2024-2025
QUESTIONS AND CORRECT DETAILEDANSWERS
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The collection of decision, approaches, and activities that allow an
organization to complete and win.
Choose matching term
1 Job Evaluation 2 Compensable factors
3 Panel Interview 4 Business Strategy
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Terms in this set (85)
The collection of decision, approaches, and activities
Business Strategy
that allow an organization to complete and win.
, Focusing business priories on providing a lower-cost
Cost Leadership Strategy
product or service.
Providing innovative, exceptional, and high quality
Differentiation Strategy
products and/or services to customers.
Targeting business priorities toward addressing a
Niche-Focused Strategy
specific section of the market
Employing a combination of cost-leadership,
Hybrid Strategy
differentiation and niche-focused business strategies.
Capabilities, activities, customer perceptions and
Critical Success Factors market positions that allow an organization to out-
compete its rivals.
The combination of pay forms, plans, policies and
Total rewards strategy practices that enable long-term organizational
performance.
Total Reward Content Specifies the type, level and combination of rewards
Strategy offered to employees.
Reward Form The reward forms offered (cash, benefits, etc.) and the
Combinations Strategy way in which they relate to each other.
Reward Level Strategy How much is being offered?
Absolute level The reward can be defined.
States the rewards strategy as greater than, equal to,
Relative Level
or less than some labor market reference point.
Centralized approach Human Resources makes all the decisions
Decisions are made by the employee's immediate
Decentralized approach
supervisor or manager.
The process of systematically analyzing positions that
Job Analysis
result in completed work in organizations.
The job analyst asks the job incumbent preset
Traditional interview
questions about the content, skills needed and time
method
spent on activities in the job.