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International Remuneration: An Overview of Global Rewards Quiz

Test Your Knowledge

International Remuneration: An Overview of Global Rewards (Course T9)

Instructions: Choose an answer for each question and then click on the "Get Results" button at the end of the quiz.

1. The expansion of trade and economic development that results from the movement of products, services, technology, capital and human resources throughout the world is best described by which of the following terms?
A. Globalization
B. Capitalism
C. Protectionism
D. Internationalism

2. Which of the following best describes a company with its first overseas operation(s) in place?
A. Export company
B. International division
C. Multinational company
D. Global company

3. According to Geert Hoftede’s model of cultural differences, a culture that has a large power distance is best described by which of the following?
A. Accepts a greater level of inequality between individuals within organizations
B. Avoids ambiguity, conflict, risk and deviation from the norm
C. Emphasizes the responsibility and accountability of the individual vs. the needs of the broader society
D. Favors assertiveness and acquisition

4. The concept of acquired rights is likely to be a greater concern in which of the following regions?
A. North America
B. Europe and Latin America
C. Australia and New Zealand
D. Asia and the Middle East

5. Which of the following is most accurate regarding the delivery of compensation on a global scale?
A. The organization�s compensation strategy should align with its business and HR strategies.
B. Benchmarking does not play a major role in determining appropriate pay levels outside of the home country.
C. The balance of pay elements (base pay and variable pay) should be relatively equal for each area of operation.

6. Which of the following should be included in a global benefits policy statement?
A. Retirement benefits specifics by region
B. The annual benefits budget
C. The range of benefits provided

7. What must be considered when providing recognition to global employees?
A. Cultural differences can negate the effectiveness of these programs in some regions.
B. To be effective, recognition must be in the form of a monetary incentive.
C. Recognition programs are often very costly to an organization.
D. Organizations should only provide gifts that contain an even number of items.

8. Companies are more likely to use the negotiation compensation approach at what stage in global operations?
A. Mature multinational
B. Emerging multinational
C. International division
D. Export

9. What is the term for two independent companies joining forces to form a new organization out of their collective assets?
A. Merger
B. Divestiture
C. Joint venture
D. Strategic alliance

10. How is an efficient purchaser index (EPI) used regarding expatriates?
A. It equalizes the purchasing power of expatriates to that of the home country.
B. It reduces allowances based on the assumption that expatriate spending patterns will change to a more local focus.
C. It indexes purchase allowances to a regional benchmark that more accurately reflects the cost of living in a certain region.

The Test Your Knowledge questions are intended to provide a small sample of the information covered in a particular course. Passing this test should not be considered an indicator that you also will pass the related certification exam. No portion of this document may be reproduced in any form without express written permission from WorldatWork. Copyright 2007 WorldatWork.

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