GPHR Certification Exam Questions 2023 - Part 29

1. An organization allows its employees to make 2% of compensation contributions to a retirement plan. After retirement, the company promises to pay employees50% compensation using the final pay formula. Which of the following is this an example of?

A) Defined benefit plan
B) Totalization agreement
C) Defined contribution plan
D) Lump sum payment



2. A Singapore-based restaurant chain is experiencing phenomenal growth. The chain offers a unique for demographic experiencing the growth of two-person income families. It offers a variety of affordable, healthy alternatives to the fast food chains. Instead of one line of products shared by the entire company, the corporation has decided its products should be regional. Each region would share a line of products, which would consist of local dishes.Although the primary expansion vehicle is franchising, they still have several corporate-owned stores in each region, which manage the major decisions of the company. For example, the regional corporate stores work with the franchises in the area to decide upon the local dishes that the region should serve.However, all stores are aligned with strict standardized quality practices, which all regions must adhere to. For example, after a region decides on the list of local foods it would like to serve, corporate headquarters approves the final recipes for each region. In addition, managers from the various meet regularly to ensure that each regions goals align with overall corporate strategic goals. For example, they have built a thorough screening process to ensure the same quality of food from vendors throughout the regions. Which of the following stages of globalization would BEST align with strategic business goals of expansion?

A) Global
B) Transnational
C) Domestic
D) Multinational



3. An organization is evolving from a largely domestic to a multinational company with offices around the world. There has been some tension between the new offices and headquarters in regards to the level of freedom of each of the sites. Which of the following steps should be the next step in this change management process towards further globalization?

A) Develop a cultural roadmap for the company
B) Communicate the desired change and have senior management sell the idea throughout the organization
C) Have senior management meet to discuss and decide on the future vision for the company
D) Assess the external environment to benchmark the need for need for change



4. You are in the process of developing a global compensation structure. Which of the following factors dose NOT contribute to a balanced and consistent compensation strategy?

A) Perceptions of fairness by employees
B) Continual communication across functions and locations
C) Cross-cultural training
D) Assumptions of working standards understood, ie hours worked on average in a week, termination costs.



5. Lets assume you are a HR Manager at a high tech start-up company in its late stages with 3 rounds of funding. The firms cash balance is $13 million, with a burn rate off $1 million/per month. It anticipates a break-even within 1 1/2 years, and there are no plans for acquisition or IPO within the next year. The company is an opto-electronics company, which is a highly specialized niche within the telecommunications industry. You are building out a team for Operations, which will be made up of experienced individuals from top competitor. What is the most appropriate compensation philosophy for this organization?

A) Lag the market
B) Lead the market
C) At the market
D) Compensation that the ideal candidate demands