Exam 11: Total Rewards and Compensation

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Average tenure = _____.

(Multiple Choice)
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Tangible rewards cannot be easily measured or quantified.

(True/False)
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An individual whose pay is above the range for a job is referred to as a green-circled employee.

(True/False)
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Not having to pay social security, unemployment, or workers' compensation costs to independent contractors offers major advantages to the employer.

(True/False)
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Which of the following is classified as an outcome in the equity theory?

(Multiple Choice)
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Which of the following is true of the factor-comparison method of job evaluation?

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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.

(True/False)
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The entitlement philosophy assumes that compensation decisions reflect performance differences.

(True/False)
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Which of the following statements is true of the expectancy theory?

(Multiple Choice)
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If a state's minimum wage is higher than the federal minimum wage, _____.

(Multiple Choice)
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Benchmark jobs are _____.

(Multiple Choice)
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_____ are used to group individual jobs having approximately the same job worth.

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

(Multiple Choice)
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_____ occurs when a creditor obtains a court order that directs an employer to set aside a portion of an employee's wages to pay a debt owed to the creditor.

(Multiple Choice)
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Which of the following is typical of the entitlement philosophy of compensation?

(Multiple Choice)
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A _____ is a report based on research of compensation rates for workers performing similar jobs in other organizations.

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

(Multiple Choice)
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Distributive justice is the perceived fairness of the process and procedures used to make decisions about employees, including their pay.

(True/False)
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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.

(True/False)
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Which of the following is an intangible reward?

(Multiple Choice)
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