Compensation and Benefits Exam Practice Tests
Course Introduction
This course provides a comprehensive overview of compensation and benefits practices within organizations, focusing on the strategic role they play in attracting, motivating, and retaining employees. Students will explore the principles of total rewards, including wage and salary systems, incentive pay, benefits administration, and legal compliance. The course covers the process of job evaluation, market pricing, internal pay equity, and designing effective benefits packages. Emphasis is placed on aligning compensation strategies with organizational objectives, understanding regulatory influences, and utilizing analytics to inform decision-making in human resource management.
Recommended Textbook
Strategic Human Resources Planning 5th edition by Belcourt
Available Study Resources on Quizplus
14 Chapters
808 Verified Questions
808 Flashcards
Source URL: https://quizplus.com/study-set/909
Page 2
Chapter 1: Strategic Management
Available Study Resources on Quizplus for this Chatper
59 Verified Questions
59 Flashcards
Source URL: https://quizplus.com/quiz/17905
Sample Questions
Q1) Compare and contrast corporate and business strategy. What is the difference between the two?
Answer: Business strategy focuses on one line of business as opposed to the overall corporation.Business strategy involves building a strong competitive position as opposed to determining if this is the business to be in.Business strategy is an action plan for managing one line of business.Corporate strategy asks, "Should we be in business? What business should we be in?" Business strategy asks, "How should we compete? Should we compete by offering products at prices lower than those of the competition or by offering the best service?"
Q2) An acquisition is seen as two organizations joining to gain economies of scale, whereas a merger occurs when one company acquires another.
A)True
B)False
Answer: False
Q3) Porter's model of business strategy has been criticized for having categories that overlap.
A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above.
Page 3
Chapter 2: Aligning HR With Strategy
Available Study Resources on Quizplus for this Chatper
55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/17906
Sample Questions
Q1) What does McDonald's "no unique response" system mean?
A) that employees are not expected to contribute ideas
B) that employees are not expected to communicate formally
C) that employees are not expected to accommodate customer inquiries
D) that employees are not expected to respond beyond a basic standard
Answer: A
Q2) What are the THREE ways in which HR becomes a strategic business partner?
Answer: a.Concurrent strategy formulation - strategy development based on environmental analysis is conducted at the same time as HRM strategy.
b.The HR senior management team moves from outsider status to insider status in terms of business decision-making.
c.HR managers must understand the language of business or the outcome expectations of non-profit organizations.This includes analyses presented by marketing, financial, and operational managers.
Note to instructors:Stress this very important HR role to the students.HR must be a full partner in the business to have full credibility.HR professionals must develop strong partnerships with line managers in the organization to best achieve business goals.
To view all questions and flashcards with answers, click on the resource link above.
Page 4
Chapter 3: Environmental Influences on HRM
Available Study Resources on Quizplus for this Chatper
57 Verified Questions
57 Flashcards
Source URL: https://quizplus.com/quiz/17907
Sample Questions
Q1) The ease of transferring information electronically has made concerns about safeguarding company secrets and intellectual property relatively worry-free.
A)True
B)False
Answer: False
Q2) When HR managers group together and try to change legislation, they are taking a reactive stance.
A)True
B)False
Answer: False
Q3) What are the key issues that unions hope to achieve on behalf of their members?
A) telecommuting, flex-time, job sharing, and workplace privacy
B) asset-backed pensions, job satisfaction, career planning, and diversity
C) wages, work-life balance, quality of life, and environmental friendliness
D) job security, income security, working hours, and inflation protection
Answer: D
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Job Analysis
Available Study Resources on Quizplus for this Chatper
59 Verified Questions
59 Flashcards
Source URL: https://quizplus.com/quiz/17908
Sample Questions
Q1) To be as effective as possible, a job analysis should provide generalized job knowledge.
A)True
B)False
Q2) What are four major problems associated with Job Analysis?
Q3) Job Analysis is seen as a foundation for all of HRM. What is the reason for this? Identify some of the HRM functions for which job analysis is critical.
Q4) What is scientific management? How has the study of scientific management influenced job analysis? What are the TWO primary aspects of jobs, according to scientific management?
Q5) The use of journals and diaries in job analysis can lead to problems of selective reporting and bias on the part of the respondent.
A)True
B)False
Q6) What are the two written outcomes from a job analysis?
A) job specification and job description
B) job tasks and job skills
C) job skills and job knowledge
D) job knowledge and job benchmarks
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: The HR Forecasting Process
Available Study Resources on Quizplus for this Chatper
58 Verified Questions
58 Flashcards
Source URL: https://quizplus.com/quiz/17909
Sample Questions
Q1) Transaction-based forecasting is concerned with changes in the external environment.
A)True
B)False
Q2) Why are some individuals categorized into designated groups?
A) because they are exceptionally skilled and need challenges
B) because of their fragile emotional states
C) because they require special attention
D) because they need to be protected from discrimination
Q3) What type of forecasting is concerned with tracking internal change instituted by the organization's managers?
A) process-based
B) event-based
C) scenario-based
D) transaction-based
Q4) HR supply is defined as the organization's projected requirement for human resources.
A)True
B)False
Q5) List the FIVE steps in HR forecasting in their appropriate order.
Page 7
To view all questions and flashcards with answers, click on the resource link above.
Chapter 6: Determining HR Demand
Available Study Resources on Quizplus for this Chatper
58 Verified Questions
58 Flashcards
Source URL: https://quizplus.com/quiz/17910
Sample Questions
Q1) HR budgets are a qualitative method of HR demand forecasting that estimates the number and types of personnel required by the organization.
A)True
B)False
Q2) What is the value for the slope of the line?
A)9.87
B)11.32
C)13.47
D)16.03
Q3) What technique should be used if you want all the participants to have equal participation in the sessions and to minimize dominance, personal attacks, and defensive behaviour?
A) Delphi technique
B) critical incident technique
C) repatriation technique
D) nominal group technique
Q4) In a simple regression Y is the independent variable.
A)True
B)False
Q5) What is envelope/scenario forecasting? Describe some of its features.
Page 8
To view all questions and flashcards with answers, click on the resource link above.
Chapter 7: Ascertaining HR Supply
Available Study Resources on Quizplus for this Chatper
57 Verified Questions
57 Flashcards
Source URL: https://quizplus.com/quiz/17911
Sample Questions
Q1) What is another name for the upward mobility rate?
A) promotion rate
B) adaptation rate
C) retention rate
D) growth rate
Q2) According to the textbook, which of the following is NOT one of the options that employees have in the Markov model?
A) termination
B) layoff
C) absenteeism
D) resignation
Q3) A management inventory is used for professional or technical personnel.
A)True
B)False
Q4) Which country first used worksharing?
A) Germany
B) Japan
C) United States
D) Sweden
Q5) What is the difference between a skills inventory and a management inventory?
Page 9
To view all questions and flashcards with answers, click on the resource link above.
Chapter 8: Succession Management
Available Study Resources on Quizplus for this Chatper
57 Verified Questions
57 Flashcards
Source URL: https://quizplus.com/quiz/17912
Sample Questions
Q1) What negative consequence might result if there is a delay in naming a successor when a key executive, like a CEO, suddenly quits?
A) Decreased operating performance for up to two years.
B) Increased recruitment and selection of middle managers.
C) Decreased opportunities for management development.
D) Increased likelihood that the successor will be a family member.
Q2) What is one way that replacement planning has evolved into succession management?
A) Improving the data collection.
B) Improving the evaluation system.
C) Improving the HR supply.
D) Improving the stability of jobs.
Q3) Which organization cited in the textbook has a six-hour replacement strategy if its CEO dies suddenly?
A) Target
B) Walmart
C) Apple
D) McDonalds
Q4) What are the five steps in the succession management process?
Q5) What is the difference between succession management and replacement planning?
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Information Technology
Available Study Resources on Quizplus for this Chatper
59 Verified Questions
59 Flashcards
Source URL: https://quizplus.com/quiz/17913
Sample Questions
Q1) Identify FIVE of the most significant ways that IT is supporting HR functions in today's workplace.
Q2) HRIS represents "human resources intelligence system."
A)True
B)False
Q3) An enterprise resource planning (ERP) program often incorporates finance, logistics, production, accounting, and HRM.
A)True
B)False
Q4) When an organization applies workforce analytics, what is the major challenge it needs to overcome in order to address strategic decision making?
A) business intelligence
B) skills inventories
C) succession management
D) replacement charts
Q5) Organizations adopt a process- or a technology-driven approach to HR technology implementation.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: Downsizing and Restructuring
Available Study Resources on Quizplus for this Chatper
56 Verified Questions
56 Flashcards
Source URL: https://quizplus.com/quiz/17914
Sample Questions
Q1) What are FOUR of the reasons that organizations downsize?
Q2) Interactional justice refers to the interpersonal treatment employees receive during the implementation of the downsizing decision.
A)True
B)False
Q3) If an organization wants to achieve an effective restructuring, what is one strategy that it might implement?
A) outsourcing
B) rightsizing
C) designing
D) rationalizing
Q4) What is one HR program associated with embeddedness, given that downsizing is unavoidable?
A) flex-time
B) off-site child care
C) defined-contribution plans
D) severance pay
Q5) What are FIVE of the more insidious consequences of organizational restructuring and downsizing?
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: Strategic International HRM
Available Study Resources on Quizplus for this Chatper
58 Verified Questions
58 Flashcards
Source URL: https://quizplus.com/quiz/17915
Sample Questions
Q1) In the multidomestic stage of internationalization, what single perspective is a trademark of this stage?
A) ethnocentric perspective
B) polycentric perspective
C) geocentric perspective
D) egocentric perspective
Q2) Which of the following is NOT one of the factors outlined in the Five-Factor Model of Personality, which is used to demonstrate the probability of expatriate adjustment in overseas assignments?
A) introversion
B) openness
C) agreeableness
D) conscientiousness
Q3) Identify and briefly explain the THREE different approaches to SIHRM.
Q4) In the article entitled The Would-Be Pioneer, the main issue for HR professional Linda Myers was that she was that she was not a Korean man.
A)True
B)False
Q5) What are THREE of the key challenges facing strategic international HRM?
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Mergers and Acquisitions
Available Study Resources on Quizplus for this Chatper
60 Verified Questions
60 Flashcards
Source URL: https://quizplus.com/quiz/17916
Sample Questions
Q1) Within what timeframe should the majority of anticipated synergies be captured and identified to ensure the success of the merger?
A) Within the first quarter.
B) Within the first year.
C) Within two years.
D) Within five years.
Q2) Which of the following is NOT a typical employee behaviour category during a merger?
A) not willing
B) not available
C) not able
D) not knowing
Q3) According to researcher David (2009, 169) what are FIVE of the main reasons for the failure of mergers and acquisitions?
Q4) Identify and describe THREE HRM impacts that occur as a result of mergers and acquisitions.
Q5) Identify and describe TWO of the three major benefits of mergers.
Q6) What is a merger? Identify and describe THREE different types of mergers.
To view all questions and flashcards with answers, click on the resource link above. Page 14
Chapter 13: Outsourcing
Available Study Resources on Quizplus for this Chatper
57 Verified Questions
57 Flashcards
Source URL: https://quizplus.com/quiz/17917
Sample Questions
Q1) Outsourcing is a special organizational function that does not require a cost-benefit analysis.
A)True
B)False
Q2) In England, most HR managers cited in an outsourcing survey were dissatisfied with the frequency and quality of the communication from the supplier.
A)True
B)False
Q3) According to the textbook, in 2010, approximately 50% of all large Canadian companies outsourced some HR services.
A)True
B)False
Q4) Activities that are most likely to be outsourced include ones that are repetitive, predictable, and infrequent.
A)True
B)False
Q5) List and briefly explain THREE risks associated with outsourcing.
Q6) Define outsourcing.
Q7) Why do organizations outsource? List THREE of the six primary reasons.
Page 15
To view all questions and flashcards with answers, click on the resource link above.
Chapter 14: Evaluation of HR
Available Study Resources on Quizplus for this Chatper
58 Verified Questions
58 Flashcards
Source URL: https://quizplus.com/quiz/17918
Sample Questions
Q1) Identify and describe THREE different approaches to measuring HRM practices.
Q2) The HR profession is like the accounting profession because they both rely on generic measures and principles.
A)True
B)False
Q3) Briefly describe THREE methods used to measure client satisfaction.
Q4) An audit is a measurement method that assesses progress against plan.
A)True
B)False
Q5) What type of costs can be estimated but not measured easily by financial expenditures?
A) direct
B) indirect
C) tangible
D) intangible
Q6) Many HR departments were originally set up because of the need to comply with employment legislation and standards.
A)True
B)False
Q7) Identify and briefly describe the 5C Model of HRM Impact.
To view all questions and flashcards with answers, click on the resource link above. Page 16