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BUS 409 Week 2 Quiz 1
•Question 1
A company using this competitive strategy seeks to offer a product or service that is completely unique from other competitors in their market segment.
•Question 2
Which of the following refers to the planned use of company resources-financial capital, equipment capital, and human capital-to promote and sustain competitive advantage?
•Question 3
This agreement describes the terms of employment that are set between management and union bargaining representatives.
•Question 4
Discerning threats and opportunities is the main focus of which activity?
•Question 5
Which of these actions would HR encourage in attempting to create a lowest-cost competitive strategy?
•Question 6
________ refers to the design and implementation of compensation systems to reinforce the objectives of both HR strategies and competitive business strategies.
•Question 7
This group is directly involved in producing goods and delivering services for a company.
•Question 8
Cost-of-living adjustments (COLAs) are typically based on which index?
•Question 9
What type of pay system rewards employees for partially or completely attaining a predetermined work objective?
•Question 10
Which of the following represents the pay rate differences for jobs and employee contributions of unequal worth to a company?
•Question 11
The success of HR departments depends on how well they serve the interests of which of the following stakeholder groups?
•Question 12
This concept describes a company's success when the company acquires or develops capabilities that facilitate outperforming the competition.
•Question 13
What do compensation managers use to recognize differences in the relative worth of jobs and to establish pay differentials based upon management priorities?
•Question 14
Which of the following is an example of a monetary reward?
•Question 15
As a strategic business partner, HR and compensation professionals today need to think most like whom?
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