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Global Remuneration Professional (GRP) GR1 We must realize our own values and make progress.
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GR1 PDF DEMO:
QUESTION NO: 1
What best defines the organization's purpose or reason for existence?
A. The corporate mission
B. The business strategy
C. The compensation strategy
D. The corporate vision
Answer: A
QUESTION NO: 2
Why should the annual development and career opportunities discussion take place separately from the performance discussion?
A. To change the focus from reviewing past performance to planning for future performance
B. To allow the manager to rank the employee after the performance discussion
C. To allow both the manager and employee to have a "cooling off" period
D. To allow human resources adequate time to post new job opportunities
Answer: A
QUESTION NO: 3
What are usual, customary and reasonable charges (UCR)?
A. The charges that an insurance carrier determines are normal for a particular medical procedure within a specific geographical area
B. The charges that are published annually in the Global Insurers' Medical Cost Comparison Guide
C. The charges that are allowable for any given medical procedure with no pre-treatment authorization
D. The charges that are typically paid up front by a plan participant for services rendered.
Answer: A
QUESTION NO: 4
Which of the following is a type of variable pay?
A. Salary
B. Piece rate
C. Hourly rate
D. Commissions
Answer: D
QUESTION NO: 5
The number of pay structures in an organization is most likely to be influenced by which of the following?
A. The diversity of jobs
B. The demographics of the workforce
C. The organization's financial condition
D. The organizations policies regarding centralized pay administration
Answer: A
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Updated: May 26, 2022