Exam 11: Establishing a Pay Structure

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By combining more assignments into a single layer,organizations give managers more flexibility in making assignments and awarding pay increases which results in:

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When labor costs are a large part of an organization's total costs,the organization responds by increasing pay levels.

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Pay ranges are most common for _____.

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Which of the following is true about the Consumer Price Index (CPI)?

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Which of the following is true of labor markets?

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How do employees judge the fairness of a pay structure?

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Which of the following statements is true of the FLSA requirements for overtime pay?

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According to the FLSA,which of the following is most likely a nonexempt employee?

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Which of the following is a disadvantage of a pay structure that rewards employees for winning promotions?

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The Davis-Bacon Act of 1931:

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The equity of executive pay does not affect other employees.

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The federal government tracks trends in the nation's cost of living with a measure known as the:

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Discuss the three major provisions of the Fair Labor Standards Act (FLSA).

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Which of the following is true of key jobs?

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What are the limitations of using a job-based pay structure?

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Which of the following is a characteristic of delayering?

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The laws governing Equal Employment Opportunity guarantee equal pay for men and women,whites and minorities,and other groups within the United States.

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Organizations in a product market compete to serve different customers.

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Which of the following is true of competition in product-markets?

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Pay level is the average amount (including wages,salaries,and bonuses)the organization pays for a particular job.

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