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Effective Study Techniques for the WorldatWork GR1 Exam

Questions 21

What type of equity incentive gives employees the right to purchase company shares at a specified price?

Options:

A.

Stock/share options

B.

Stock/share grants

C.

Restricted stock/shares

D.

Performance units

 

 

 

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Questions 22

Which of the following is the best definition of variable pay?

Options:

A.

Compensation that is given in the form of perquisites such as a company car, fitness membership, paid training, etc.

B.

Compensation that is nondiscretionary and does not vary according to performance or results

C.

Compensation that is contingent on discretion, performance or results

D.

Compensation that is determined by the organization's pay structure

 

 

 

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Questions 23

Which of the following is a nonquantitative method of job evaluation?

Options:

A.

Point factor

B.

Ranking

C.

Job content

D.

Rating

 

 

 

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Questions 24

Regarding medical plans, what is the out-of-pocket maximum?

Options:

A.

The most that the member will be liable for in relation to co-insurance

B.

The maximum the plan will pay if the member is covered by another insurance plan

C.

The limit the member will be required to pay at each doctor visit

D.

The lifetime limit for benefits to any one employee

 

 

 

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Questions 25

Employer-sponsored death benefits are most commonly based on which of the following?

Options:

A.

The size of the employee's family

B.

The employee's annual salary

C.

The employee's health history

D.

The employee's premium contributions

 

 

 

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Questions 26

What type of performance standard specifies the steps necessary to complete a job duty?

Options:

A.

Quality

B.

Quantity

C.

Time

D.

Process

 

 

 

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Questions 27

What typically happens when employees continually upgrade and build new skills?

Options:

A.

They demand higher pay

B.

Their level of performance increases.

C.

They become bored with their current jobs.

D.

Their competitiveness increases.

 

 

 

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Exam Code: GR1
Exam Name: Total Rewards Management Exam
Last Update: Dec 12, 2024
Questions: 90

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