BUS 434 Compensation & Benefits Management Week 1 Quiz Answers (2021).docx

BUS 434 Compensation & Benefits
Management Week 1 Quiz Answers
(2021)
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Which of the following is NOT one of Fayol’s three principles of management that have direct implications for
today’s compensation and benefits programs?
A ______________ is a pledge the employee will not join a labor union.
A SWOT analysis is used to help a company develop a strategic plan. SWOT stands for _______
A systematic approach to providing rewards to employees in exchange for work provided, with the goal of
helping organizations attract, motivate, and retain the best talent is a _______________.
What, if any, similarities and differences do you see between the historic bartering system and today’s
compensation and benefits programs?
Discuss and analyze how the Social Security Act of 1935 has changed in recent years.