Question 1

Which of the following is typical of the entitlement philosophy of compensation?

Accepted Answer

A)  Pay and raises based on length of service 
B)  No raises for poor-performing employees 
C)  Market-adjusted pay scales 
D)  Industry comparisons of total rewards 
A)  Pay and raises based on length of service 
B)  No raises for poor-performing employees 
C)  Market-adjusted pay scales 
D)  Industry comparisons of total rewards A

Question 2

_____ are payments calculated on the basis of the time worked.

Accepted Answer

A)  Benefits 
B)  Commissions 
C)  Salaries 
D)  Wages 
A)  Benefits 
B)  Commissions 
C)  Salaries 
D)  Wages D

Question 3

Which of the following is a tangible indirect reward?

Accepted Answer

A)  Base pay 
B)  Health care benefits 
C)  Challenging work 
D)  Variable pay 
A)  Base pay 
B)  Health care benefits 
C)  Challenging work 
D)  Variable pay B

Question 4

The overall objective of the host-country-based approach is to maintain the expatriate's standard of living in the country where the company is headquartered.

Accepted Answer

A) True 
 B)False

Question 5

Define job evaluation.

Accepted Answer

Job evaluation looks at pay le

Question 6

Which of the following statements is true of the home-country-based approach?

Accepted Answer

A)  Compensation is adjusted to maintain the expatriate's standard of living in the country where the expatriate is sent from the headquarters. 
B)  Compensation is adjusted to maintain the expatriate's standard of living in the country where the MNE is headquartered. 
C)  Compensation is adjusted to maintain the expatriate's standard of living in the country that has the lowest cost of living index. 
D)  Compensation is adjusted to maintain the expatriate's standard of living in the third country. 
A)  Compensation is adjusted to maintain the expatriate's standard of living in the country where the expatriate is sent from the headquarters. 
B)  Compensation is adjusted to maintain the expatriate's standard of living in the country where the MNE is headquartered. 
C)  Compensation is adjusted to maintain the expatriate's standard of living in the country that has the lowest cost of living index. 
D)  Compensation is adjusted to maintain the expatriate's standard of living in the third country.

Question 7

Which of the following is true of green-circled employees?

Accepted Answer

A)  They are paid above the range set for a job. 
B)  They are paid below the range set for a job. 
C)  They are paid on par with the range set for the job. 
D)  Their pay is not determined by the ranges set for a job. 
A)  They are paid above the range set for a job. 
B)  They are paid below the range set for a job. 
C)  They are paid on par with the range set for the job. 
D)  Their pay is not determined by the ranges set for a job.

Question 8

Average annual salary increase = _____.

Accepted Answer

A)  the average salary increase of all employees divided by the number of full-time equivalents 
B)  the number of full-time equivalents divided by the total salary increase of all employees 
C)  the total salary increase of all employees divided by the number of Full-Time Equivalents 
D)  the number of full-time equivalents divided by the average salary increase of all employees 
A)  the average salary increase of all employees divided by the number of full-time equivalents 
B)  the number of full-time equivalents divided by the total salary increase of all employees 
C)  the total salary increase of all employees divided by the number of Full-Time Equivalents 
D)  the number of full-time equivalents divided by the average salary increase of all employees

Question 9

Intangible rewards can be measured and it is possible to calculate the value of each reward.

Accepted Answer

A) True 
 B)False

Question 10

The two factors that the pay adjustment matrix considers are _____.

Accepted Answer

A)  the employee's performance as rated in an appraisal and the employee's position in the pay range 
B)  the employee's total productivity and the employee's position in the pay range 
C)  the employee's performance as rated in an appraisal and the total number of hours spent at work 
D)  the employee's total productivity and the total number of hours spent at work 
A)  the employee's performance as rated in an appraisal and the employee's position in the pay range 
B)  the employee's total productivity and the employee's position in the pay range 
C)  the employee's performance as rated in an appraisal and the total number of hours spent at work 
D)  the employee's total productivity and the total number of hours spent at work

Question 11

The entitlement philosophy assumes that compensation decisions reflect performance differences.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is true of pay compression?

Accepted Answer

A)  It is the process by which all employees' pays decrease significantly in an economic downturn. 
B)  It occurs when the employer groups employees with different pay grades together. 
C)  It is frequently a result of labor market pay levels increasing faster than current employees' pay adjustments. 
D)  It occurs when pay differences among individuals with different levels of experience and performance become large. 
A)  It is the process by which all employees' pays decrease significantly in an economic downturn. 
B)  It occurs when the employer groups employees with different pay grades together. 
C)  It is frequently a result of labor market pay levels increasing faster than current employees' pay adjustments. 
D)  It occurs when pay differences among individuals with different levels of experience and performance become large.

Question 13

A pay survey is a report based on research of compensation rates for workers performing similar jobs in other organizations.

Accepted Answer

A) True 
 B)False

Question 14

Describe the various components of compensation.

Accepted Answer

Tangible rewards can be measured and it

Question 15

Which of the following is true of the classification method of job evaluation?

Accepted Answer

A)  In this method, descriptions of each group of jobs are written and then each job is put into a grade according to the group it best matches. 
B)  It is a complex quantitative method that combines the ranking and point factor methods. 
C)  It looks at compensable factors in a group of similar jobs and assigns weights, or points, to them. 
D)  It is a simple system that places jobs in order, from highest to lowest, by their value to the organization. 
A)  In this method, descriptions of each group of jobs are written and then each job is put into a grade according to the group it best matches. 
B)  It is a complex quantitative method that combines the ranking and point factor methods. 
C)  It looks at compensable factors in a group of similar jobs and assigns weights, or points, to them. 
D)  It is a simple system that places jobs in order, from highest to lowest, by their value to the organization.

Question 16

Match-the-market strategy is also called third-quartile strategy.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is true of the point factor method of job evaluation?

Accepted Answer

A)  In this method, descriptions of each class of jobs are written and then each job is put into a grade according to the class it best matches. 
B)  It is a complex quantitative method that combines the ranking and classification methods. 
C)  It looks at compensable factors in a group of similar jobs and assigns weights to them. 
D)  It is a simple system that places jobs in order, from highest to lowest, by their value to the organization. 
A)  In this method, descriptions of each class of jobs are written and then each job is put into a grade according to the class it best matches. 
B)  It is a complex quantitative method that combines the ranking and classification methods. 
C)  It looks at compensable factors in a group of similar jobs and assigns weights to them. 
D)  It is a simple system that places jobs in order, from highest to lowest, by their value to the organization.

Question 18

Which of the following is a tangible direct reward?

Accepted Answer

A)  Base pay 
B)  Health care benefits 
C)  Paid time off 
D)  Challenging work 
A)  Base pay 
B)  Health care benefits 
C)  Paid time off 
D)  Challenging work

Question 19

Describe performance-based pay increases.

Accepted Answer

Some employers have shifted to more pay-

Question 20

The _____ essentially treats each paycheck as a new act of discrimination.

Accepted Answer

A)  Fair Pay Act 
B)  Employment Non-Discrimination Act 
C)  Civil Rights Act 
D)  Equal Pay Act 
A)  Fair Pay Act 
B)  Employment Non-Discrimination Act 
C)  Civil Rights Act 
D)  Equal Pay Act

Which of the following is typical of the entitlement philosophy of compensation?

_____ are payments calculated on the basis of the time worked.

Which of the following is a tangible indirect reward?

The overall objective of the host-country-based approach is to maintain the expatriate's standard of living in the country where the company is headquartered.

Define job evaluation.

Which of the following statements is true of the home-country-based approach?

Which of the following is true of green-circled employees?

Average annual salary increase = _____.

Intangible rewards can be measured and it is possible to calculate the value of each reward.

The two factors that the pay adjustment matrix considers are _____.

The entitlement philosophy assumes that compensation decisions reflect performance differences.

Which of the following is true of pay compression?

A pay survey is a report based on research of compensation rates for workers performing similar jobs in other organizations.

Describe the various components of compensation.

Which of the following is true of the classification method of job evaluation?

Match-the-market strategy is also called third-quartile strategy.

Which of the following is true of the point factor method of job evaluation?

Which of the following is a tangible direct reward?

Describe performance-based pay increases.

The _____ essentially treats each paycheck as a new act of discrimination.

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

Variable Pay, Executive Compensation, and Benefits

Risk Management, Worker Protection, and Employee Relations

Unionmanagement Relations and Grievances

Filters

Exam 7: Total Rewards and Compensation

Which of the following is typical of the entitlement philosophy of compensation?

_____ are payments calculated on the basis of the time worked.

Which of the following is a tangible indirect reward?

The overall objective of the host-country-based approach is to maintain the expatriate's standard of living in the country where the company is headquartered.

Define job evaluation.

Which of the following statements is true of the home-country-based approach?

Which of the following is true of green-circled employees?

Average annual salary increase = _____.

Intangible rewards can be measured and it is possible to calculate the value of each reward.

The two factors that the pay adjustment matrix considers are _____.

The entitlement philosophy assumes that compensation decisions reflect performance differences.

Which of the following is true of pay compression?

A pay survey is a report based on research of compensation rates for workers performing similar jobs in other organizations.

Describe the various components of compensation.

Which of the following is true of the classification method of job evaluation?

Match-the-market strategy is also called third-quartile strategy.

Which of the following is true of the point factor method of job evaluation?

Which of the following is a tangible direct reward?

Describe performance-based pay increases.

The _____ essentially treats each paycheck as a new act of discrimination.

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

Variable Pay, Executive Compensation, and Benefits

Risk Management, Worker Protection, and Employee Relations

Unionmanagement Relations and Grievances

Filters