Question 1

Firms which pay below the average labor market price for jobs will most likely have ________.

Accepted Answer

A)  higher productivity levels 
B)  higher turnover rates 
C)  lower unit labor costs 
D)  fewer grievances 
A)  higher productivity levels 
B)  higher turnover rates 
C)  lower unit labor costs 
D)  fewer grievances B

Question 2

Pay for similar jobs do not vary across different labor markets.

Accepted Answer

A) True 
 B)False  False

Question 3

Competency-based pay plans are increasingly common as employees shift from traditional jobs to variable work assignments.

Accepted Answer

A) True 
 B)False  True

Question 4

Compensation policy choices pertain to pay level and compliance with legislation.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is NOT one of the universal job factors of the factor comparison method?

Accepted Answer

A)  working conditions 
B)  abstract thinking skills 
C)  physical requirements 
D)  responsibilities 
A)  working conditions 
B)  abstract thinking skills 
C)  physical requirements 
D)  responsibilities

Question 6

Historically,some variation of which job evaluation plan has been the most popular option?

Accepted Answer

A)  ranking 
B)  classification 
C)  factor comparison 
D)  point method 
A)  ranking 
B)  classification 
C)  factor comparison 
D)  point method

Question 7

Job evaluation is a process that determines the relative value of one job in relation to another.

Accepted Answer

A) True 
 B)False

Question 8

Which term refers to the total of all rewards provided to employees in return for their services?

Accepted Answer

A)  benefits 
B)  commissions 
C)  bonuses 
D)  compensation 
A)  benefits 
B)  commissions 
C)  bonuses 
D)  compensation

Question 9

If a person is to maintain a previous level of nominal wages,then a pay increase must be roughly equivalent to the ________.

Accepted Answer

A)  cost of living increase 
B)  industry average 
C)  national average 
D)  market rate 
A)  cost of living increase 
B)  industry average 
C)  national average 
D)  market rate

Question 10

Management relies on all of the following to help determine the relative worth of a job,EXCEPT ________.

Accepted Answer

A)  job analysis 
B)  job enumeration 
C)  job descriptions 
D)  job evaluation 
A)  job analysis 
B)  job enumeration 
C)  job descriptions 
D)  job evaluation

Question 11

Pay differentials need to be greater to be meaningful,especially ________.

Accepted Answer

A)  at lower job levels 
B)  at higher job levels 
C)  during periods of recession 
D)  during periods of inflation 
A)  at lower job levels 
B)  at higher job levels 
C)  during periods of recession 
D)  during periods of inflation

Question 12

The Scanlon plan provides a financial reward to employees for savings in labor costs that result from their suggestions and serves as a type of participative management program.

Accepted Answer

A) True 
 B)False

Question 13

What is the most important standard for determining pay?

Accepted Answer

A)  pay leaders 
B)  market rates 
C)  geographic areas 
D)  organizational levels 
A)  pay leaders 
B)  market rates 
C)  geographic areas 
D)  organizational levels

Question 14

During the recession of 2008/2010,salary compression was not a problem for HR managers because of pay cuts and layoffs.

Accepted Answer

A) True 
 B)False

Question 15

John works at a company that uses a variety of heavy machines.John knows how to operate three of the machines,and if he learns how to use another one,his pay will increase.Which type of compensation plan is most likely used by John's employer?

Accepted Answer

A)  variable pay 
B)  invariable pay 
C)  lump sum pay 
D)  skill-based pay 
A)  variable pay 
B)  invariable pay 
C)  lump sum pay 
D)  skill-based pay

Question 16

Seniority is the length of time an employee has been associated with the company,division,department,or job.

Accepted Answer

A) True 
 B)False

Question 17

Individuals performing in professional jobs are compensated initially for their ________.

Accepted Answer

A)  productivity 
B)  goal achievement 
C)  knowledge 
D)  extensive experience 
A)  productivity 
B)  goal achievement 
C)  knowledge 
D)  extensive experience

Question 18

When determining pay mix,it generally does not make sense to consider guidelines for jobs within a particular structure (for example,managerial,administrative,or sales).

Accepted Answer

A) True 
 B)False

Question 19

As an HR manager,what tool would you most likely use to determine the compensation of employees found in competitor firms?

Accepted Answer

A)  job analyses 
B)  job evaluations 
C)  labor statistic reports 
D)  compensation surveys 
A)  job analyses 
B)  job evaluations 
C)  labor statistic reports 
D)  compensation surveys

Question 20

The fitting of plotted points to create a smooth progression between pay grades is known as a ________.

Accepted Answer

A)  job cluster 
B)  wage curve 
C)  wage range 
D)  pay range 
A)  job cluster 
B)  wage curve 
C)  wage range 
D)  pay range

Firms which pay below the average labor market price for jobs will most likely have ________.

Pay for similar jobs do not vary across different labor markets.

Competency-based pay plans are increasingly common as employees shift from traditional jobs to variable work assignments.

Compensation policy choices pertain to pay level and compliance with legislation.

Which of the following is NOT one of the universal job factors of the factor comparison method?

Historically,some variation of which job evaluation plan has been the most popular option?

Job evaluation is a process that determines the relative value of one job in relation to another.

Which term refers to the total of all rewards provided to employees in return for their services?

If a person is to maintain a previous level of nominal wages,then a pay increase must be roughly equivalent to the ________.

Management relies on all of the following to help determine the relative worth of a job,EXCEPT ________.

Pay differentials need to be greater to be meaningful,especially ________.

The Scanlon plan provides a financial reward to employees for savings in labor costs that result from their suggestions and serves as a type of participative management program.

What is the most important standard for determining pay?

During the recession of 2008/2010,salary compression was not a problem for HR managers because of pay cuts and layoffs.

John works at a company that uses a variety of heavy machines.John knows how to operate three of the machines,and if he learns how to use another one,his pay will increase.Which type of compensation plan is most likely used by John's employer?

Seniority is the length of time an employee has been associated with the company,division,department,or job.

Individuals performing in professional jobs are compensated initially for their ________.

When determining pay mix,it generally does not make sense to consider guidelines for jobs within a particular structure (for example,managerial,administrative,or sales).

As an HR manager,what tool would you most likely use to determine the compensation of employees found in competitor firms?

The fitting of plotted points to create a smooth progression between pay grades is known as a ________.

Human Resource Management: An Overview

Business Ethics and Corporate Social Responsibility

Equal Employment Opportunity, Affirmative Action, and Workforce Diversity

Strategic Planning, Human Resource Planning, and Job Analysis

Recruitment

Selection

Performance Management and Appraisal

Training and Development

Indirect Financial Compensation Employee Benefits:

Labor Unions and Collective Bargaining

Internal Employee Relations

Employee Safety, Health, and Wellness

Global Human Resource Management

Filters

Exam 9: Direct Financial Compensation Core Compensation:

Firms which pay below the average labor market price for jobs will most likely have ________.

Pay for similar jobs do not vary across different labor markets.

Competency-based pay plans are increasingly common as employees shift from traditional jobs to variable work assignments.

Compensation policy choices pertain to pay level and compliance with legislation.

Which of the following is NOT one of the universal job factors of the factor comparison method?

Historically,some variation of which job evaluation plan has been the most popular option?

Job evaluation is a process that determines the relative value of one job in relation to another.

Which term refers to the total of all rewards provided to employees in return for their services?

If a person is to maintain a previous level of nominal wages,then a pay increase must be roughly equivalent to the ________.

Management relies on all of the following to help determine the relative worth of a job,EXCEPT ________.

Pay differentials need to be greater to be meaningful,especially ________.

The Scanlon plan provides a financial reward to employees for savings in labor costs that result from their suggestions and serves as a type of participative management program.

What is the most important standard for determining pay?

During the recession of 2008/2010,salary compression was not a problem for HR managers because of pay cuts and layoffs.

John works at a company that uses a variety of heavy machines.John knows how to operate three of the machines,and if he learns how to use another one,his pay will increase.Which type of compensation plan is most likely used by John's employer?

Seniority is the length of time an employee has been associated with the company,division,department,or job.

Individuals performing in professional jobs are compensated initially for their ________.

When determining pay mix,it generally does not make sense to consider guidelines for jobs within a particular structure (for example,managerial,administrative,or sales).

As an HR manager,what tool would you most likely use to determine the compensation of employees found in competitor firms?

The fitting of plotted points to create a smooth progression between pay grades is known as a ________.

Human Resource Management: An Overview

Business Ethics and Corporate Social Responsibility

Equal Employment Opportunity, Affirmative Action, and Workforce Diversity

Strategic Planning, Human Resource Planning, and Job Analysis

Recruitment

Selection

Performance Management and Appraisal

Training and Development

Indirect Financial Compensation Employee Benefits:

Labor Unions and Collective Bargaining

Internal Employee Relations

Employee Safety, Health, and Wellness

Global Human Resource Management

Filters