Establishing Strategic Pay Plans MCQs

Option A: wide range of jobs

Option B: lesser range of job

Option C: only one type of job

Option D: unspecified job description

Correct Answer: wide range of jobs ✔

Option A: job classification

Option B: alternative ranking method

Option C: aligned reward strategy

Option D: point method

Correct Answer: point method ✔

Option A: benchmarking jobs

Option B: evaluating pay scales

Option C: evaluating pay grades

Option D: evaluating internal equity

Correct Answer: benchmarking jobs ✔

Option A: company’s plan

Option B: strategic plan

Option C: vision

Option D: mission

Correct Answer: A. company’s plan ✔