Question: Chapter Two 1. 2. N 3. 4. Define competitive advantage. What three tests determine whether a compensation strategy is providing a competitive advantage to the

Chapter Two 1. 2. N 3. 4. Define competitive advantage. What three tests determine whether a compensation strategy is providing a competitive advantage to the organization? Describe the process of developing a total compensation strategy. How do employee preferences influence the formulation of an organization's total compensation strategy? List the aspects of alignment of the pay strategy. 5

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