Premium Essay

Knowledg Check Week 2

In:

Submitted By monicah2003
Words 1616
Pages 7
Week 2 Knowledge Check Study Guide
Concepts

Mastery

Score: 21 / 21

Questions

Components and
Objectives of
Organizational Reward

100%

1

2

3

100%

4

5

6

100%

7

8

9

100%

10

Systems
Determinants of Pay
Structure and Level
Policy Issues in Pay
Planning and
Administration
Organization-wide
Incentives
Strategic Considerations

11

12

in the Design of Benefit

100%

13

14

15

100%

16

17

18

100%

19

20

21

Programs
Components of the
Benefits Package
Cost-Containment
Strategies for Benefits

Concept: Components and Objectives of Organizational Reward Systems
Mastery

100%

Questions

1

2

3

1.
At a comprehensive point of view, a(n) _____ includes anything an employee values and desires that an employer is able and willing to offer in exchange for employee contributions. A.

competency-based pay system

B.

employee stock ownership plan

C.

organizational reward system

D.

merit-pay method

Correct:
The Correct Answer is: C.
Organizational reward systems include both financial and nonfinancial rewards for employee contributions.
2.
___________ bridge the gap between organizational objectives and individual expectations and aspirations.

A.

Financial systems

B.

Corporate compensation systems

C.

Employment practices

D.

Rewards

Correct:
The Correct Answer is: D.
Organizational reward systems and compensation systems design involves working out tradeoffs among somewhat seriously-conflicting objectives.
3.
Reviews of both laboratory and field tests of _____________ are quite consistent.
Individuals tend to follow the equity norm and to use it as a basis for distributing rewards.

A.

equity theory

B.

the external labor market

C.

organizational needs

D.

the internal

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