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Question 1 (1 point)
What do compensation managers use to recognize differences in the relative net worth of jobs and to establish pay differentials based upon management priorities?
Question 2 (1 point)
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 3 (1 point)
This law made it illegal to pay women less for performing equal work as men.
Question 4 (1 point)
Southwest Airlines uses this competitive strategy by keeping overhead low, thus passing a price advantage on to consumers.
Question 5 (1 point)
Which of the following would be an example of a non-monetary reward?
Question 6 (1 point)
This term suggests that a loss is likely for the firm, and that the individual will be left with little control.
Question 7 (1 point)
What US federal law established a national minimum wage for employees involved in commerce (rather than just those employed by companies working for the US government), as well as prohibit most employment of minors in oppressive child labor?
Question 8 (1 point)
What represents the pay rate differences for jobs and employee contributions of unequal worth to a company?
Question 9 (1 point)
Which of these is a company sponsored program that provides income to workers throughout their retirement?
Question 10 (1 point)
Which of these actions would HR seek to encourage in attempting to create a lowest-cost competitive strategy?