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BUS 409 Week 7 Quiz 6
•Question 1
Which of the following represents the relationship between a company's valuation of jobs based on job evaluation and the valuation of jobs within the external market as assessed by compensation surveys?
•Question 2
A 10 percent merit pay increase budget tells us which of the following?
•Question 3
Which scenario would be appropriate for using a salary-only plan?
•Question 4
With which sales compensation plan does the level of pay not vary when sales volume does vary?
•Question 5
For the purpose of applying pay policies, this term refers to the groupings of jobs based on compensable factors.
•Question 6
How are compa-ratios calculated?
•Question 7
Which of the following is a major challenge in setting up skill-based pay programs?
•Question 8
Which term is used to describe the situation where the pay spread between newly hired employees and more qualified job incumbents is small?
•Question 9
Which types of companies are most likely to utilize two-tier wage systems?
•Question 10
Midpoint, minimum, and maximum are values used to define which of the following?
• Question 11
Wherever proprietary information is the subject of training, a company most often relies on which of the following sources of expertise?
•Question 12
This type of sales incentive compensation plan offers the sales person a salary and further compensation for achievement of specific, exceptional sales goals
•Question 13
A company adopting a commissions-oriented sales compensation plan would most likely pursue which type of competitive strategy?
•Question 14
If the company adopts a market lead policy, how will that company's pay range midpoint compare to the market average?
•Question 15
Common review dates provide which of the following advantage?
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