Exam 7: Total Rewards and Compensation

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Simon is a compensation specialist for Amber Waves, Inc. He is collecting data on compensation rates for workers performing similar jobs at other organizations. Simon is conducting a _______________.

(Multiple Choice)
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Pay compression occurs when the pay differences among individuals with different levels of experience and performance in the organization become small.

(True/False)
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The two basic compensation philosophies, which should be seen as opposite ends of a continuum, are_______________ and__________________ .

(Multiple Choice)
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Which of the following would be an example of an intrinsic reward from a manager to a subordinate?

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The role of a compensation committee is to _______________.

(Multiple Choice)
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The____________ method is the most popular method of job evaluation.

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____________________are special benefits for executives that are usually noncash items.

(Multiple Choice)
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The point method of job evaluation is rarely used because it is an extremely complex system to use.

(True/False)
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A lower minimum wage level is set for which of the following employee groups?

(Multiple Choice)
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Identify the major provisions of the Fair Labor Standards Act (FLSA).

(Essay)
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