Question 1

If a team incentive plan pays out the same bonus for each team member, most employees will be satisfied.

Accepted Answer

A) True 
 B)False

Question 2

A common metric for variable pay plans is _______________.

Accepted Answer

A) increase in market share 
B) turnover cost reduction 
C) increase in customer satisfaction levels 
D) return on investment 
A) increase in market share 
B) turnover cost reduction 
C) increase in customer satisfaction levels 
D) return on investment

Question 3

Robert is paid by the number of bicycle tires he attaches to wheel rims.If he attaches more than his daily quota of tires, he receives 25 cents extra per extra tire.Robert is paid under a _______________ system.

Accepted Answer

A) bonus 
B) differential piece-rate 
C) straight piece-rate 
D) production commission 
A) bonus 
B) differential piece-rate 
C) straight piece-rate 
D) production commission

Question 4

COBRA allows employees who leave a job, either voluntarily or involuntarily, to continue participation in the employers' group health plan for a period of time.

Accepted Answer

A) True 
 B)False

Question 5

Paid-time-off or PTO plans tend to be more effective in reducing absenteeism than traditional vacation and sick plans.

Accepted Answer

A) True 
 B)False

Question 6

One way in which employers are assisting with childcare is the offering of on-site child-care centers.

Accepted Answer

A) True 
 B)False

Question 7

A pension plan that is paid based on age and service is a defined-contribution plan.

Accepted Answer

A) True 
 B)False

Question 8

_______________ consists of approaches that monitor and reduce medical costs using restrictions and market system alternatives.

Accepted Answer

A) A benefits consolidation 
B) Social security 
C) Managed care 
D) Defined-contribution plans 
A) A benefits consolidation 
B) Social security 
C) Managed care 
D) Defined-contribution plans

Question 9

Which of the following would be classified as an individual variable pay plan?

Accepted Answer

A) gainsharing 
B) labor-cost reduction 
C) attendance bonuses 
D) employee stock options 
A) gainsharing 
B) labor-cost reduction 
C) attendance bonuses 
D) employee stock options

Question 10

Explain the philosophical basic assumptions behind variable pay plans.

Accepted Answer

(1) Some jobs contribute more to organiz

Question 11

The federal statute that requires employers to provide leave to employees to care for relatives with serious health conditions is called the___________________

Accepted Answer

A)  Fair Labor Standards Act 
B)  Consolidated Omnibus Budget Reconciliation Act (COBR
A)  
C)  Health Insurance Portability and Accountability Act (HIPA
A)  
D)  Family and Medical Leave Act (FML
A)  
A)  Fair Labor Standards Act 
B)  Consolidated Omnibus Budget Reconciliation Act (COBR
A)  
C)  Health Insurance Portability and Accountability Act (HIPA
A)  
D)  Family and Medical Leave Act (FML
A)

Question 12

In a______________ plan the employer makes an annual payment to an employee's pension account.

Accepted Answer

A) vested 
B) defined-benefit 
C) non-contributory pension 
D) defined-contribution 
A) vested 
B) defined-benefit 
C) non-contributory pension 
D) defined-contribution

Question 13

In exchange for workers compensation benefits, employees give up their right to legal actions and awards.

Accepted Answer

A) True 
 B)False

Question 14

How is workers' compensation typically funded?

Accepted Answer

A) by a tax levied by state governments based on size of payroll 
B) by a pool of organizations in the same industry 
C) through the Social Security Administration 
D) by insurance purchased from a private carrier or state insurance fund 
A) by a tax levied by state governments based on size of payroll 
B) by a pool of organizations in the same industry 
C) through the Social Security Administration 
D) by insurance purchased from a private carrier or state insurance fund

Question 15

**One problem with sales compensation programs is that it encourages unethical behavior.

Accepted Answer

A) True 
 B)False

Question 16

The role of variable pay is to link bonuses with performance.

Accepted Answer

A) True 
 B)False

Question 17

Identify which benefits are mandated by federal law.

Accepted Answer

Mandated benefits include social securit

Question 18

The Health Insurance Portability and Accountability Act (HIPAA) requires _______________.

Accepted Answer

A) employers with more than 50 employees provide medical insurance for all full-time employees 
B) insurance companies to offer coverage to contingent workers 
C) that most employers offer extended health-care coverage to employees after they leave the organization 
D) that most employees be allowed to switch their health insurance from one company to another to get new health coverage, regardless of pre-existing conditions 
A) employers with more than 50 employees provide medical insurance for all full-time employees 
B) insurance companies to offer coverage to contingent workers 
C) that most employers offer extended health-care coverage to employees after they leave the organization 
D) that most employees be allowed to switch their health insurance from one company to another to get new health coverage, regardless of pre-existing conditions

Question 19

A/An _______________is plan whereby employees gain stock ownership in the organization for which they work.

Accepted Answer

A) employee stock ownership plan 
B) employee shareholder plan 
C) shareholder bonus plan 
D) NYSE stock bonus plan 
A) employee stock ownership plan 
B) employee shareholder plan 
C) shareholder bonus plan 
D) NYSE stock bonus plan

Question 20

Which of the following is an assumption of variable-pay systems?

Accepted Answer

A) Some jobs contribute more to organizational success than others. 
B) Time spent each day is the primary measure of short-term contributions. 
C) Differences in individual contributions to the organization are recognized through different base pay levels. 
D) Length of time with the organization is the primary differentiating factor among people. 
A) Some jobs contribute more to organizational success than others. 
B) Time spent each day is the primary measure of short-term contributions. 
C) Differences in individual contributions to the organization are recognized through different base pay levels. 
D) Length of time with the organization is the primary differentiating factor among people.

If a team incentive plan pays out the same bonus for each team member, most employees will be satisfied.

A common metric for variable pay plans is _______________.

Robert is paid by the number of bicycle tires he attaches to wheel rims.If he attaches more than his daily quota of tires, he receives 25 cents extra per extra tire.Robert is paid under a _______________ system.

COBRA allows employees who leave a job, either voluntarily or involuntarily, to continue participation in the employers' group health plan for a period of time.

Paid-time-off or PTO plans tend to be more effective in reducing absenteeism than traditional vacation and sick plans.

One way in which employers are assisting with childcare is the offering of on-site child-care centers.

A pension plan that is paid based on age and service is a defined-contribution plan.

_______________ consists of approaches that monitor and reduce medical costs using restrictions and market system alternatives.

Which of the following would be classified as an individual variable pay plan?

Explain the philosophical basic assumptions behind variable pay plans.

The federal statute that requires employers to provide leave to employees to care for relatives with serious health conditions is called the___________________

In a______________ plan the employer makes an annual payment to an employee's pension account.

In exchange for workers compensation benefits, employees give up their right to legal actions and awards.

How is workers' compensation typically funded?

**One problem with sales compensation programs is that it encourages unethical behavior.

The role of variable pay is to link bonuses with performance.

Identify which benefits are mandated by federal law.

The Health Insurance Portability and Accountability Act (HIPAA) requires _______________.

A/An _______________is plan whereby employees gain stock ownership in the organization for which they work.

Which of the following is an assumption of variable-pay systems?

Human Resource Managements Role and Strategic Nature

Equal Employment Opportunity

Individualshr Planningjob Analysis

Staffing: Recruiting and Selection

Training and Talent Management

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management and Employee Relations

Labor Relations

Filters

Exam 8: Variable Pay and Benefits

If a team incentive plan pays out the same bonus for each team member, most employees will be satisfied.

A common metric for variable pay plans is _______________.

Robert is paid by the number of bicycle tires he attaches to wheel rims.If he attaches more than his daily quota of tires, he receives 25 cents extra per extra tire.Robert is paid under a _______________ system.

COBRA allows employees who leave a job, either voluntarily or involuntarily, to continue participation in the employers' group health plan for a period of time.

Paid-time-off or PTO plans tend to be more effective in reducing absenteeism than traditional vacation and sick plans.

One way in which employers are assisting with childcare is the offering of on-site child-care centers.

A pension plan that is paid based on age and service is a defined-contribution plan.

_______________ consists of approaches that monitor and reduce medical costs using restrictions and market system alternatives.

Which of the following would be classified as an individual variable pay plan?

Explain the philosophical basic assumptions behind variable pay plans.

The federal statute that requires employers to provide leave to employees to care for relatives with serious health conditions is called the___________________

In a______________ plan the employer makes an annual payment to an employee's pension account.

In exchange for workers compensation benefits, employees give up their right to legal actions and awards.

How is workers' compensation typically funded?

**One problem with sales compensation programs is that it encourages unethical behavior.

The role of variable pay is to link bonuses with performance.

Identify which benefits are mandated by federal law.

The Health Insurance Portability and Accountability Act (HIPAA) requires _______________.

A/An _______________is plan whereby employees gain stock ownership in the organization for which they work.

Which of the following is an assumption of variable-pay systems?

Human Resource Managements Role and Strategic Nature

Equal Employment Opportunity

Individualshr Planningjob Analysis

Staffing: Recruiting and Selection

Training and Talent Management

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management and Employee Relations

Labor Relations

Filters