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Variable Pay Quizzes – Questions With Well Detailed Solutions (Graded A+) $17.99   Add to cart

Exam (elaborations)

Variable Pay Quizzes – Questions With Well Detailed Solutions (Graded A+)

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Variable Pay Quizzes – Questions With Well Detailed Solutions (Graded A+)

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  • November 5, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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LeCrae
Variable Pay Quizzes – Questions With Well Detailed
Solutions (Graded A+)

Which of the following describes a purpose of variable pay? Right Ans - To
differentiate the pay individuals who achieve results from those who do not

What business strategy often includes a combination of price, quality,
dependability, and ease of purchase that competitors cannot match? Right
Ans - Operational Excellence

Which of the following business objectives would relate most to a
product/service leadership strategy? Right Ans - Time from innovation to
market

In which of the following stages of the business life cycle would an
organization generally be focused on maintaining/increasing market share,
improving productivity and reducing cost of sales? Right Ans - Mature

Which of the following business life objectives would relate most to the start
up stage of a business life cycle? Right Ans - Obtaining capital

What influences can variable pay provide in relation to organizational
performance? Right Ans - Focus, alignment, motivation and reinforcement

What are the three categories of variable pay? Right Ans - Incentives,
bonuses and recognition

Which of the following plans is a type of long-term incentive? Right Ans -
Equity-based plan

Which individual performance based plan would be most appropriate for an
account representative with a high degree of influence over company sales?
Right Ans - Commission plan

Which of the following is an example of an appreciation-only equity-based
plan? Right Ans - Stock options

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