Question 1

What is a lump-sum increase?

Accepted Answer

A lump-sum increase

Question 2

The child labor provisions of the FLSA set the minimum age for hazardous occupations at _____ years.

Accepted Answer

A)  14 
B)  16 
C)  18 
D)  20 
A)  14 
B)  16 
C)  18 
D)  20

Question 3

A pay adjustment matrix considers two factors-the employee's level of performance as rated in an appraisal and the employee's position in the pay range, which is often related to experience and tenure.

Accepted Answer

A) True 
 B)False

Question 4

Tangible rewards cannot be easily measured or quantified.

Accepted Answer

A) True 
 B)False

Question 5

Compliance with FLSA provisions on employee compensation is enforced by the National Labor Relations Board.

Accepted Answer

A) True 
 B)False

Question 6

Discuss compensation fairness and equity.

Accepted Answer

Most people work for monetary rewards. W

Question 7

Which of the following is true of a pay adjustment matrix?

Accepted Answer

A)  It reflects an employee's horizontal movement in an organization. 
B)  It is used to determine the compensation benchmark for a particular industry. 
C)  It is used to determine the compensation benchmark for a particular organization. 
D)  It reflects an employee's vertical movement in an organization. 
A)  It reflects an employee's horizontal movement in an organization. 
B)  It is used to determine the compensation benchmark for a particular industry. 
C)  It is used to determine the compensation benchmark for a particular organization. 
D)  It reflects an employee's vertical movement in an organization.

Question 8

Describe two motivation theories and their relationship with compensation.

Accepted Answer

Expectancy theory and equity theory are

Question 9

Which of the following is true of the factor-comparison 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 time-consuming and difficult to use, which accounts for its limited popularity in organizations. 
C)  It uses subjective judgments to develop the class descriptions and to place jobs accurately in them. 
D)  It is a qualitative method that combines the classification and ranking methods. 
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 time-consuming and difficult to use, which accounts for its limited popularity in organizations. 
C)  It uses subjective judgments to develop the class descriptions and to place jobs accurately in them. 
D)  It is a qualitative method that combines the classification and ranking methods.

Question 10

Describe the two different compensation philosophies.

Accepted Answer

There are two basic compensation philoso

Question 11

Average comparative ratio = _____.

Accepted Answer

A)  average of the comparative ratio for each employee divided by the number of employees 
B)  sum of the comparative ratio of all employees divided by the number of employees 
C)  number of employees divided by the average of the comparative ratio for each employee 
D)  number of employees divided by the total of the comparative ratio for each employee 
A)  average of the comparative ratio for each employee divided by the number of employees 
B)  sum of the comparative ratio of all employees divided by the number of employees 
C)  number of employees divided by the average of the comparative ratio for each employee 
D)  number of employees divided by the total of the comparative ratio for each employee

Question 12

The equity theory states that individuals judge fairness in compensation by comparing their inputs and outcomes against the inputs and outcomes of referent others.

Accepted Answer

A) True 
 B)False

Question 13

The ranking method is a simple system of job evaluation that places jobs in order, from highest to lowest, by their value to the organization.

Accepted Answer

A) True 
 B)False

Question 14

Most federal and state entities rely on the criteria for independent contractor status identified by the _____.

Accepted Answer

A)  National Labor Relations Board 
B)  Internal Revenue Service 
C)  Department of Labor 
D)  U.S. Treasury Department 
A)  National Labor Relations Board 
B)  Internal Revenue Service 
C)  Department of Labor 
D)  U.S. Treasury Department

Question 15

The FLSA established overtime pay requirements at _____ times the regular pay rate for all hours worked over 40 in a week.

Accepted Answer

A)  two 
B)  two and one-half 
C)  one and one-half 
D)  three 
A)  two 
B)  two and one-half 
C)  one and one-half 
D)  three

Question 16

Define offshoring.

Accepted Answer

Offshoring is the pr

Question 17

_____ are used to group individual jobs having approximately the same job worth.

Accepted Answer

A)  Pay scales 
B)  Pay grades 
C)  Pay compressions 
D)  Pay expansions 
A)  Pay scales 
B)  Pay grades 
C)  Pay compressions 
D)  Pay expansions

Question 18

A _____ shows the relationship between job value as determined by job evaluation points and job value as determined by pay survey rates.

Accepted Answer

A)  market grade 
B)  market band 
C)  market line 
D)  market scale 
A)  market grade 
B)  market band 
C)  market line 
D)  market scale

Question 19

A major difficulty with the factor-comparison method is that subjective judgments are needed to develop the class descriptions and to place jobs accurately in them.

Accepted Answer

A) True 
 B)False

Question 20

If a state's minimum wage is higher than the federal minimum wage, _____.

Accepted Answer

A)  employers must pay this higher wage 
B)  employers must pay whichever wage is lower 
C)  employers are free to choose between either of the two 
D)  employers must pay the difference as employee benefits 
A)  employers must pay this higher wage 
B)  employers must pay whichever wage is lower 
C)  employers are free to choose between either of the two 
D)  employers must pay the difference as employee benefits

What is a lump-sum increase?

The child labor provisions of the FLSA set the minimum age for hazardous occupations at _____ years.

A pay adjustment matrix considers two factors-the employee's level of performance as rated in an appraisal and the employee's position in the pay range, which is often related to experience and tenure.

Tangible rewards cannot be easily measured or quantified.

Compliance with FLSA provisions on employee compensation is enforced by the National Labor Relations Board.

Discuss compensation fairness and equity.

Which of the following is true of a pay adjustment matrix?

Describe two motivation theories and their relationship with compensation.

Which of the following is true of the factor-comparison method of job evaluation?

Describe the two different compensation philosophies.

Average comparative ratio = _____.

The equity theory states that individuals judge fairness in compensation by comparing their inputs and outcomes against the inputs and outcomes of referent others.

The ranking method is a simple system of job evaluation that places jobs in order, from highest to lowest, by their value to the organization.

Most federal and state entities rely on the criteria for independent contractor status identified by the _____.

The FLSA established overtime pay requirements at _____ times the regular pay rate for all hours worked over 40 in a week.

Define offshoring.

_____ are used to group individual jobs having approximately the same job worth.

A _____ shows the relationship between job value as determined by job evaluation points and job value as determined by pay survey rates.

A major difficulty with the factor-comparison method is that subjective judgments are needed to develop the class descriptions and to place jobs accurately in them.

If a state's minimum wage is higher than the federal minimum wage, _____.

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

What is a lump-sum increase?

The child labor provisions of the FLSA set the minimum age for hazardous occupations at _____ years.

A pay adjustment matrix considers two factors-the employee's level of performance as rated in an appraisal and the employee's position in the pay range, which is often related to experience and tenure.

Tangible rewards cannot be easily measured or quantified.

Compliance with FLSA provisions on employee compensation is enforced by the National Labor Relations Board.

Discuss compensation fairness and equity.

Which of the following is true of a pay adjustment matrix?

Describe two motivation theories and their relationship with compensation.

Which of the following is true of the factor-comparison method of job evaluation?

Describe the two different compensation philosophies.

Average comparative ratio = _____.

The equity theory states that individuals judge fairness in compensation by comparing their inputs and outcomes against the inputs and outcomes of referent others.

The ranking method is a simple system of job evaluation that places jobs in order, from highest to lowest, by their value to the organization.

Most federal and state entities rely on the criteria for independent contractor status identified by the _____.

The FLSA established overtime pay requirements at _____ times the regular pay rate for all hours worked over 40 in a week.

Define offshoring.

_____ are used to group individual jobs having approximately the same job worth.

A _____ shows the relationship between job value as determined by job evaluation points and job value as determined by pay survey rates.

A major difficulty with the factor-comparison method is that subjective judgments are needed to develop the class descriptions and to place jobs accurately in them.

If a state's minimum wage is higher than the federal minimum wage, _____.

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