Question 1

Describe the categories of variable pay.

Accepted Answer

In designing group/team variable pay, or

Question 2

Which of the following is an example of massive kinked bonus?

Accepted Answer

A)  A sponsor rewarding an athlete only in the case of victory at an event 
B)  An organization that gives a one piece-rate wage for all units produced irrespective of employee productivity 
C)  A sponsor rewarding an athlete for participation in an event 
D)  An organization rewarding an employee for referring someone who is later hired 
A)  A sponsor rewarding an athlete only in the case of victory at an event 
B)  An organization that gives a one piece-rate wage for all units produced irrespective of employee productivity 
C)  A sponsor rewarding an athlete for participation in an event 
D)  An organization rewarding an employee for referring someone who is later hired

Question 3

According to the Dodds-Frank Act, publicly listed companies now must allow shareholders to vote on executive compensation.

Accepted Answer

A) True 
 B)False

Question 4

According to the 1986 amendment to the Age Discrimination in Employment Act (ADEA):

Accepted Answer

A)  most employees cannot be forced to retire at a specific age. 
B)  workers should contribute to the defined benefit plans. 
C)  equal treatment should be given to older workers in severance situations. 
D)  employers can be sued by employees for age discrimination. 
A)  most employees cannot be forced to retire at a specific age. 
B)  workers should contribute to the defined benefit plans. 
C)  equal treatment should be given to older workers in severance situations. 
D)  employers can be sued by employees for age discrimination.

Question 5

Developed nations are far more likely to provide compulsory, government-sponsored health plans for all citizens.

Accepted Answer

A) True 
 B)False

Question 6

In the U.S., part-time employees are most likely to receive health and life insurance benefits and paid time off and least likely to receive retirement benefits.

Accepted Answer

A) True 
 B)False

Question 7

_____ are special benefits-usually noncash items-for executives.

Accepted Answer

A)  Executive Salaries 
B)  Base Salaries 
C)  Perquisites 
D)  Golden Parachutes 
A)  Executive Salaries 
B)  Base Salaries 
C)  Perquisites 
D)  Golden Parachutes

Question 8

Which of the following is a legally-required employee benefit that employers must provide?

Accepted Answer

A)  Wellness programs 
B)  Unemployment compensation 
C)  Education assistance 
D)  Public-service leave 
A)  Wellness programs 
B)  Unemployment compensation 
C)  Education assistance 
D)  Public-service leave

Question 9

Define gainsharing.

Accepted Answer

The system of sharing with employees gre

Question 10

Meredith, the general manager of an IT firm, is planning to introduce certain new strategies to control and reduce the health care benefit costs to her company. Which of the following is most likely to be included in her list of strategies?

Accepted Answer

A)  Decreasing copayments 
B)  Eliminating high-deductible plans 
C)  Switching to consumer-driven health plans 
D)  Avoiding managed care 
A)  Decreasing copayments 
B)  Eliminating high-deductible plans 
C)  Switching to consumer-driven health plans 
D)  Avoiding managed care

Question 11

Discuss the financial benefits that companies commonly offer their employees?

Accepted Answer

Companies may offer employees a wide ran

Question 12

Claudia, a legal assistant, has been vested by her employer after having worked with the employer for ten years. This implies that:

Accepted Answer

A)  she will receive the amounts contributed by both the employer and herself when she retires. 
B)  she can transfer her entire pension fund balances to a new employer's plan if she moves to a new company. 
C)  she will receive the maximum amount of pension available under her company's retirement plan when she retires. 
D)  she will receive the funds her employer has contributed to the retirement plan only if she is a member of the company while retiring. 
A)  she will receive the amounts contributed by both the employer and herself when she retires. 
B)  she can transfer her entire pension fund balances to a new employer's plan if she moves to a new company. 
C)  she will receive the maximum amount of pension available under her company's retirement plan when she retires. 
D)  she will receive the funds her employer has contributed to the retirement plan only if she is a member of the company while retiring.

Question 13

Describe the elements of executive compensation.

Accepted Answer

Executives' total compensation packages

Question 14

Team Spark LLC, a producer of consumer goods, practiced gainsharing. After organizational restructuring, the management has decided to replace gainsharing plans with a piece-rate system. Which of the following is true of Team Spark LLC?

Accepted Answer

A)  It provided group incentives; now it provides individual incentives. 
B)  It provided individual incentives; now it provides group incentives. 
C)  It provided group incentives; now it provides organizational incentives. 
D)  It provided individual incentives; now it provides organizational incentives. 
A)  It provided group incentives; now it provides individual incentives. 
B)  It provided individual incentives; now it provides group incentives. 
C)  It provided group incentives; now it provides organizational incentives. 
D)  It provided individual incentives; now it provides organizational incentives.

Question 15

Which of the following is an advantage of establishing employee stock ownership plans?

Accepted Answer

A)  Employees are not dependent on the employers for their retirement benefits. 
B)  Firms can receive favorable tax treatment. 
C)  Firms have lesser control over organizational productivity. 
D)  The employees can purchase shares of company stock for an unlimited period of time. 
A)  Employees are not dependent on the employers for their retirement benefits. 
B)  Firms can receive favorable tax treatment. 
C)  Firms have lesser control over organizational productivity. 
D)  The employees can purchase shares of company stock for an unlimited period of time.

Question 16

Elaborate on the two main types of retirement benefits?

Accepted Answer

There are two broad categories of retire

Question 17

What is the minimum retirement age for employees to receive maximum Social Security benefits?

Accepted Answer

A)  64 
B)  65 
C)  66 
D)  67 
A)  64 
B)  65 
C)  66 
D)  67

Question 18

The Health Insurance Portability and Accountability Act (HIPAA):

Accepted Answer

A)  requires employers with more than 50 employees to provide medical insurance for all full-time employees. 
B)  requires employers to offer health coverage to contingent workers if the workers pay 50% of the employer's cost. 
C)  states that employers must offer extended health care coverage to employees even after they leave the organization. 
D)  allows employees to switch health insurance from one company to another to get new health coverage, regardless of preexisting conditions. 
A)  requires employers with more than 50 employees to provide medical insurance for all full-time employees. 
B)  requires employers to offer health coverage to contingent workers if the workers pay 50% of the employer's cost. 
C)  states that employers must offer extended health care coverage to employees even after they leave the organization. 
D)  allows employees to switch health insurance from one company to another to get new health coverage, regardless of preexisting conditions.

Question 19

Which of the following is typically classified as an organizational incentive?

Accepted Answer

A)  Commissions 
B)  Group team results 
C)  Employee stock plans 
D)  Cost reductions 
A)  Commissions 
B)  Group team results 
C)  Employee stock plans 
D)  Cost reductions

Question 20

Compensation given to an executive if he or she is forced to leave an organization is called golden parachute.

Accepted Answer

A) True 
 B)False

Describe the categories of variable pay.

Which of the following is an example of massive kinked bonus?

According to the Dodds-Frank Act, publicly listed companies now must allow shareholders to vote on executive compensation.

According to the 1986 amendment to the Age Discrimination in Employment Act (ADEA):

Developed nations are far more likely to provide compulsory, government-sponsored health plans for all citizens.

In the U.S., part-time employees are most likely to receive health and life insurance benefits and paid time off and least likely to receive retirement benefits.

_____ are special benefits-usually noncash items-for executives.

Which of the following is a legally-required employee benefit that employers must provide?

Define gainsharing.

Meredith, the general manager of an IT firm, is planning to introduce certain new strategies to control and reduce the health care benefit costs to her company. Which of the following is most likely to be included in her list of strategies?

Discuss the financial benefits that companies commonly offer their employees?

Claudia, a legal assistant, has been vested by her employer after having worked with the employer for ten years. This implies that:

Describe the elements of executive compensation.

Team Spark LLC, a producer of consumer goods, practiced gainsharing. After organizational restructuring, the management has decided to replace gainsharing plans with a piece-rate system. Which of the following is true of Team Spark LLC?

Which of the following is an advantage of establishing employee stock ownership plans?

Elaborate on the two main types of retirement benefits?

What is the minimum retirement age for employees to receive maximum Social Security benefits?

The Health Insurance Portability and Accountability Act (HIPAA):

Which of the following is typically classified as an organizational incentive?

Compensation given to an executive if he or she is forced to leave an organization is called golden parachute.

HRS Role, Strategy, and Planning

Equal Employment Opportunity and Discrimination

Workforce, Jobs, and Retention

Staffing: Recruiting and Selection

Talent Management, Training, and Development

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management, Worker Protection, and Employee Relations

Unionmanagement Relations and Grievances

Filters

Exam 8: Variable Pay, Executive Compensation, and Benefits

Describe the categories of variable pay.

Which of the following is an example of massive kinked bonus?

According to the Dodds-Frank Act, publicly listed companies now must allow shareholders to vote on executive compensation.

According to the 1986 amendment to the Age Discrimination in Employment Act (ADEA):

Developed nations are far more likely to provide compulsory, government-sponsored health plans for all citizens.

In the U.S., part-time employees are most likely to receive health and life insurance benefits and paid time off and least likely to receive retirement benefits.

_____ are special benefits-usually noncash items-for executives.

Which of the following is a legally-required employee benefit that employers must provide?

Define gainsharing.

Meredith, the general manager of an IT firm, is planning to introduce certain new strategies to control and reduce the health care benefit costs to her company. Which of the following is most likely to be included in her list of strategies?

Discuss the financial benefits that companies commonly offer their employees?

Claudia, a legal assistant, has been vested by her employer after having worked with the employer for ten years. This implies that:

Describe the elements of executive compensation.

Team Spark LLC, a producer of consumer goods, practiced gainsharing. After organizational restructuring, the management has decided to replace gainsharing plans with a piece-rate system. Which of the following is true of Team Spark LLC?

Which of the following is an advantage of establishing employee stock ownership plans?

Elaborate on the two main types of retirement benefits?

What is the minimum retirement age for employees to receive maximum Social Security benefits?

The Health Insurance Portability and Accountability Act (HIPAA):

Which of the following is typically classified as an organizational incentive?

Compensation given to an executive if he or she is forced to leave an organization is called golden parachute.

HRS Role, Strategy, and Planning

Equal Employment Opportunity and Discrimination

Workforce, Jobs, and Retention

Staffing: Recruiting and Selection

Talent Management, Training, and Development

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management, Worker Protection, and Employee Relations

Unionmanagement Relations and Grievances

Filters