Which of the following factors has the greatest impact on how aggressive a stance (high vs. low) an
organization will take in terms of where it positions itself against the market with its compensation
strategy?
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Correct Answer:
B
Q: 3
In what stage of the business lifecycle do companies typically begin standardizing procedures
through policy creation?
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Correct Answer:
B
Q: 4
What is a “profit model?”
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Correct Answer:
D
Q: 5
Quarterly financial reports typically include data for a given quarter compared to what?
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Correct Answer:
C
Q: 6
What is the most accurate statement regarding the effect of compensation plans on the
organization?
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Correct Answer:
D
Q: 7
What is the most accurate definition of organizational vision?
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Correct Answer:
A
Q: 8
The Alpha Company was once a strong company that commanded a high percentage of the market it
operated in. In recent years, Alpha has been losing market share to competitors in its primary line of
business and has been unable to find a competitive strategy to grow and return to profitability. Given
its market position, how is Alpha most likely finding the monetary resources to continue operations?
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Correct Answer:
A
Q: 9
Administering budgets is an example of what key competency for compensation professionals?
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Correct Answer:
A
Q: 10
If employees have a significant impact on the bottom line, what type of pay mix is most appropriate?
