Columbia College MGMT365 Final Exam

MGMT 365 Final Exam

Final Exam: Comprehensive Final Essay Exam due midnight CT Saturday night, July 23, 2016. Instructions: Students must submit a final essay exam by the end of Week 8. It must be completed no later than midnight CT Saturday night, July 23, 2016. The Final Exam is an essay exam.

Covering Chapters 1-16.

100 points:

20 essay questions at 5 points each

1. Explain Strategic Analysis.

2. Explain Intrinsic Compensation and Discretionary benefits.

3. Identify the Stakeholders in the compensation arena, and explain their impact.

4. Explain the contextual influences on compensation practices.

5. Explain the Laws that guide discretionary employee benefits.

6. Explain the substance and impact of the Civil Rights Act of 1964.

7. Explain the types of Flexible Benefits Plans, include Cafeteria plans.

8. Describe the implications of compensation policies and strategic mandates.

9. Explain the concept of incentive pay, and how it differs from traditional.

10. Explain the plans that reward group behavior, include pros and cons.

11. Define Compensation and explain its relationship with competitive strategies.

12. The textbook discusses several factors that influence a company’s choice of competitive strategies and compensation tactics. Discuss three factors.

13. Identify and explain the contextual influences that will pose the greatest and least challenge to companies’ competitiveness.

14. The textbook discusses internally consistent compensation systems, explain the role of job analysis and evaluation in this process.

15. What impact will flexible work schedules have on employees’ commitment to their employers, on productivity, and on company effectiveness?

16. Merit pay increases should reflect prior job performance levels and motivate employees to perform their best. How does this relate to Equity Theory? Explain?

17. Which component of compensation is most important for a company’s competitive advantage: internal consistency or market competitiveness? Explain your answer.

18. Discuss the concept of whether discretionary employee benefits should be an entitlement or something earned based on job performance.

19. Explain and discuss some of the compensation issues to be addressed when dealing with the compensation of expatriates; and how do you best maintain a competitive advantage.

20. The textbook discusses seven challenges facing compensation professionals. Discuss and explain what you consider as the top four challenges.