Reference no: EM133504998
Question
1. International compensation policy focuses on 3 key objectives: attracting and retaining employees who are qualified for overseas service, facilitating transfers between foreign affiliates and between home country and foreign locations, and maintaining compensation that is reasonable in relation to the practices of leading competitors. Which of the following types of compensation plans localizes expatriates in the host country's salary program, yet adds some allowances like housing assistance or international medical coverage?
Local-plus
Localization
Balance sheet
None of the above
2. Person-based pay structures pay employees for:
the level of responsibility their job requires.
all of the skills or competencies for which they have been certified.
the length of one's tenure (i.e., number of years worked) at the organization
the highest job level they have acquired in the hierarchical organizational structure.
3. Which of the following is a TRUE statement about total compensation?
It represents the base pay plus medical benefits and life insurance.
It reflects the base pay plus performance based cash payments.
It reflects the total overall value of the job, and what the employee brings to that job.
It represents the amount that competitors pay for each job.
4. Which of the following statements about performance reviews is FALSE?
Performance reviews serve as a basis for management decisions on who they should hire for a job opening.
Performance reviews serve as a basis for management decisions on which employees should be let go.
Performance reviews serve as a basis for management decisions on whom to promote.
Performance reviews serve as a basis for management decisions on pay adjustments.
5. Annual bonuses for company executives are frequently tied to targets like:
Revenue growth
All of these options are targets frequently tied to annual bonuses for executives.
A positive risks-versus-rewards ratio
Reduced turnover
6. Which of the following is a TRUE statement about base pay?
It is the going rate for a job.
It reflects the total overall value of the job, and what the employee brings to that job.
Both of these responses are correct: It is the amount that competitors pay for each job, and it is the going rate for a job.
It is the amount that competitors pay for each job.
7. Which of the following statements is TRUE:
Flat organizations typically offer promotions that come with large pay increases.
Flat organizations offer frequent promotions to indicate career progress to employees.
Tall organizations offer fewer promotions than flat organizations.
Flat organizations have many levels from top to bottom, while tall organizations have very few levels.
8. Free child care offered by an employer is a form of compensation.
True
False