Question 1

Which of the following benefits could be awarded as workers' compensation?

Accepted Answer

A)  cash benefit 
B)  medical services 
C)  time off with pay 
D)  Both A and B. 
A)  cash benefit 
B)  medical services 
C)  time off with pay 
D)  Both A and B.

Question 2

ESOP is an incentive plan that ________.

Accepted Answer

A)  uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement 
B)  engages many or all employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company 
C)  contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees 
D)  provides tax advantages for employees by deferring income taxes, often until the employee retires 
A)  uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement 
B)  engages many or all employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company 
C)  contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees 
D)  provides tax advantages for employees by deferring income taxes, often until the employee retires

Question 3

A company using competency-based pay compensates for all of the following except an employee's ________.

Accepted Answer

A)  range of skills 
B)  job title 
C)  depth of knowledge 
D)  type of skills 
A)  range of skills 
B)  job title 
C)  depth of knowledge 
D)  type of skills

Question 4

The Scanlon plan is a type of gainsharing plan.

Accepted Answer

A) True 
 B)False

Question 5

The ________ requires employers to treat women affected by pregnancy, childbirth, or related medical conditions the same as any employee not able to work, with respect to all benefits, including sick leave and disability benefits, health and medical insurance.

Accepted Answer

A)  Family and Medical Leave Act 
B)  Pregnancy Discrimination Act 
C)  Comprehensive Omnibus Budget Reconciliation Act 
D)  American Disabilities Act 
A)  Family and Medical Leave Act 
B)  Pregnancy Discrimination Act 
C)  Comprehensive Omnibus Budget Reconciliation Act 
D)  American Disabilities Act

Question 6

Which of the following is addressed by the Fair Labor Standards Act?

Accepted Answer

A)  minimum wage 
B)  maximum hours 
C)  child labor 
D)  All of the above. 
A)  minimum wage 
B)  maximum hours 
C)  child labor 
D)  All of the above.

Question 7

A(n) ________ plan is an incentive plan that engages many or all employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company.

Accepted Answer

A)  Scanlon 
B)  Lincoln incentive 
C)  Gainsharing 
D)  ESOP 
A)  Scanlon 
B)  Lincoln incentive 
C)  Gainsharing 
D)  ESOP

Question 8

Indirect payments that contribute to an employee's compensation include variable pay, such as commissions and bonuses.

Accepted Answer

A) True 
 B)False

Question 9

When employees work more than 40 hours per week, employers must pay overtime at a rate of at least one and a half times the normal pay for any hours worked over 40 in a workweek.

Accepted Answer

A) True 
 B)False

Question 10

Who contributes funds to workers' compensation benefits?

Accepted Answer

A)  each state 
B)  federal government 
C)  employers 
D)  All of the above. 
A)  each state 
B)  federal government 
C)  employers 
D)  All of the above.

Question 11

Why do employers provide severance pay to employees who are being terminated? Offer at least three reasons. What standards guide the amount of severance pay offered?

Accepted Answer

Severance pay is a one-time payment offe

Question 12

Financial benefits like employer-paid insurance and vacations are not a part of employee compensation.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is true for employers who use independent contractors?

Accepted Answer

A)  Fair Labor Standards Act regulations do not apply 
B)  Social Security taxes are higher than for regular employees 
C)  State income taxes are charged at a higher rate 
D)  Social Security taxes are charged at a higher rate 
A)  Fair Labor Standards Act regulations do not apply 
B)  Social Security taxes are higher than for regular employees 
C)  State income taxes are charged at a higher rate 
D)  Social Security taxes are charged at a higher rate

Question 14

Because the minimum wage is set by the Fair Labor Standards Act, all states adhere to that wage.

Accepted Answer

A) True 
 B)False

Question 15

Approximately what percentage of employers offer some health insurance coverage?

Accepted Answer

A)  25% 
B)  40% 
C)  60% 
D)  99% 
A)  25% 
B)  40% 
C)  60% 
D)  99%

Question 16

Which regulation listed below requires that most private employers continue to make health benefits available to terminated or retired employees and their families for a period of time?

Accepted Answer

A)  Family and Medical Leave Act 
B)  Pregnancy Discrimination Act 
C)  Comprehensive Omnibus Budget Reconciliation Act 
D)  Health Insurance Portability and Accountability Act 
A)  Family and Medical Leave Act 
B)  Pregnancy Discrimination Act 
C)  Comprehensive Omnibus Budget Reconciliation Act 
D)  Health Insurance Portability and Accountability Act

Question 17

________ means collapsing salary grades and ranges into just a few wide levels or bands, each of which contains a relatively wide range of jobs and salary levels.

Accepted Answer

A)  Comparable worth 
B)  Strategic compensation 
C)  Broadbanding 
D)  Job grading 
A)  Comparable worth 
B)  Strategic compensation 
C)  Broadbanding 
D)  Job grading

Question 18

Direct financial payments include all of the following except:

Accepted Answer

A)  wages. 
B)  insurance. 
C)  salaries. 
D)  incentives. 
A)  wages. 
B)  insurance. 
C)  salaries. 
D)  incentives.

Question 19

________ is a formal and systematic comparison of jobs to determine the worth of one job relative to another.

Accepted Answer

A)  Job analysis 
B)  Job evaluation 
C)  Benchmark analysis 
D)  Job ranking 
A)  Job analysis 
B)  Job evaluation 
C)  Benchmark analysis 
D)  Job ranking

Question 20

When an employer makes all of the contributions to the pension plan, the pension plan is classified as ________.

Accepted Answer

A)  qualified 
B)  non-qualified 
C)  defined contribution 
D)  non-contributory 
A)  qualified 
B)  non-qualified 
C)  defined contribution 
D)  non-contributory

Which of the following benefits could be awarded as workers' compensation?

ESOP is an incentive plan that ________.

A company using competency-based pay compensates for all of the following except an employee's ________.

The Scanlon plan is a type of gainsharing plan.

The ________ requires employers to treat women affected by pregnancy, childbirth, or related medical conditions the same as any employee not able to work, with respect to all benefits, including sick leave and disability benefits, health and medical insurance.

Which of the following is addressed by the Fair Labor Standards Act?

A(n) ________ plan is an incentive plan that engages many or all employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company.

Indirect payments that contribute to an employee's compensation include variable pay, such as commissions and bonuses.

When employees work more than 40 hours per week, employers must pay overtime at a rate of at least one and a half times the normal pay for any hours worked over 40 in a workweek.

Who contributes funds to workers' compensation benefits?

Why do employers provide severance pay to employees who are being terminated? Offer at least three reasons. What standards guide the amount of severance pay offered?

Financial benefits like employer-paid insurance and vacations are not a part of employee compensation.

Which of the following is true for employers who use independent contractors?

Because the minimum wage is set by the Fair Labor Standards Act, all states adhere to that wage.

Approximately what percentage of employers offer some health insurance coverage?

Which regulation listed below requires that most private employers continue to make health benefits available to terminated or retired employees and their families for a period of time?

________ means collapsing salary grades and ranges into just a few wide levels or bands, each of which contains a relatively wide range of jobs and salary levels.

Direct financial payments include all of the following except:

________ is a formal and systematic comparison of jobs to determine the worth of one job relative to another.

When an employer makes all of the contributions to the pension plan, the pension plan is classified as ________.

Managing Human Resources Today

Managing Equal Opportunity and Diversity

Personnel Planning and Recruiting

Testing and Selecting Employees

Training and Developing Employees

Performance Management and Appraisal

Ethics and Fair Treatment in Human Resource Management

Managing Labor Relations and Collective Bargaining

Protecting Safety and Health

Filters

Exam 7: Compensating Employees

Which of the following benefits could be awarded as workers' compensation?

ESOP is an incentive plan that ________.

A company using competency-based pay compensates for all of the following except an employee's ________.

The Scanlon plan is a type of gainsharing plan.

The ________ requires employers to treat women affected by pregnancy, childbirth, or related medical conditions the same as any employee not able to work, with respect to all benefits, including sick leave and disability benefits, health and medical insurance.

Which of the following is addressed by the Fair Labor Standards Act?

A(n) ________ plan is an incentive plan that engages many or all employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company.

Indirect payments that contribute to an employee's compensation include variable pay, such as commissions and bonuses.

When employees work more than 40 hours per week, employers must pay overtime at a rate of at least one and a half times the normal pay for any hours worked over 40 in a workweek.

Who contributes funds to workers' compensation benefits?

Why do employers provide severance pay to employees who are being terminated? Offer at least three reasons. What standards guide the amount of severance pay offered?

Financial benefits like employer-paid insurance and vacations are not a part of employee compensation.

Which of the following is true for employers who use independent contractors?

Because the minimum wage is set by the Fair Labor Standards Act, all states adhere to that wage.

Approximately what percentage of employers offer some health insurance coverage?

Which regulation listed below requires that most private employers continue to make health benefits available to terminated or retired employees and their families for a period of time?

________ means collapsing salary grades and ranges into just a few wide levels or bands, each of which contains a relatively wide range of jobs and salary levels.

Direct financial payments include all of the following except:

________ is a formal and systematic comparison of jobs to determine the worth of one job relative to another.

When an employer makes all of the contributions to the pension plan, the pension plan is classified as ________.

Managing Human Resources Today

Managing Equal Opportunity and Diversity

Personnel Planning and Recruiting

Testing and Selecting Employees

Training and Developing Employees

Performance Management and Appraisal

Ethics and Fair Treatment in Human Resource Management

Managing Labor Relations and Collective Bargaining

Protecting Safety and Health

Filters