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

• A.Stock/share options
• B.Performance units
• C.Restricted stock/shares
• D.Stock/share grants

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Which of the following is the most accurate statement about the business strategy?

• A.It must be written after the company's operating plans are approved by senior management.
• B.It usually is a secondary consideration in compensation design.
• C.It is the company's plan for competitive positioning of its products or services.
• D.It is developed for compensation, benefits and the work-life using the HR strategy as a basis.

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When are informal rewards generally given to employees?

• A.At the beginning of each month
• B.Shortly after the performance review
• C.During the merit increase process
• D.Immediately or shortly after making a positive contribution

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Upon which criterion are step increases typically based?

• A.Longevity
• B.Individual performance
• C.Skills
• D.Market adjustment

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Which of the following may be a limitation of a government-sponsored health care program?

• A.Increased coverage for participants
• B.Limits on services/facilities
• C.Additional cost-sharing for participants
• D.Increased reimbursement to physicians

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