C12 - VARIABLE PAY EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
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Course
Variable pay
Institution
Variable Pay
Elements of compensation - ANS Fixed & variable pay
Fixed pay - ANS non discretionary compensation. base salary. based on value
variable pay - ANS discretionary or out based on criteria. pay rewards for accomplishments & results: org, group or individual results
Variable pay goal - ...
K
C
LO
C12 - VARIABLE PAY EXAM
QUESTIONS WITH CORRECT
YC
ANSWERS ALL VERIFIED BY
AN EXPERT A+ GRADED
D
(LATEST UPDATE)
U
ST
, Elements of compensation - ANS Fixed & variable pay
Fixed pay - ANS non discretionary compensation. base salary. based on value
variable pay - ANS discretionary or contingent.pay out based on criteria. pay rewards for
accomplishments & results: org, group or individual results
Variable pay goal - ANS improve org perf. first understand business strategy & objectives
Bus Strategy: Operational Excellence - ANS price/cost based strategy. price, quality,
K
dependability & ease of purchase that competitors cannot match. minimize waste & reward
efficiency
C
Bus Strategy: Product/service leadership - ANS innovation-based strategy. focuses on
innovation, product developement 7 market exploitation
LO
Bus Strategy: Customer intimacy - ANS solutions-based strategy. creating results for carefully
selected customers. build bonds with targeted customers
Bus life cycle - bus objectives: Start-up - ANS obtaining capital
cash conservation
YC
develop brand awareness
develop marketing plan
Bus life cycle - bus objectives: growth - ANS production capability
market share/market penetration
sales volume/revenue growth
D
Bus life cycle - bus objectives: mature - ANS improve operational efficiency
stock price appreciate
U
maintain/increase market share
Bus life cycle - bus objectives: decline - ANS maximize profits
ST
extend product demand
new product development
Three categories of variable pay - ANS incentives, bonuses, recognition
incentives - ANS criteria in advance; amt of payment varies; monetary or nonmonetary; self
funded or budgetd; nondiscretionary
bonuses - ANS reward contingent upon task completion; amt determined in davance;
monetary; budgeted; nondiscretionary
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