Question 1

What is the LEAST likely reason that a firm would use job evaluation?

Accepted Answer

A)  eliminating pay inequities 
B)  identifying the organization's job structure 
C)  estimating the average market pay rate 
D)  developing a hierarchy of job value for creating a pay structure 
A)  eliminating pay inequities 
B)  identifying the organization's job structure 
C)  estimating the average market pay rate 
D)  developing a hierarchy of job value for creating a pay structure

Question 2

Interindustry differentials can be attributed to a number of factors,including the industry's product market,the degree of capital intensity,the profitability of the industry,unionization,and gender mix of the workforce.

Accepted Answer

A) True 
 B)False

Question 3

As a pediatric nurse,Cary experiences a significant amount of job satisfaction,which is considered ________.

Accepted Answer

A)  nonfinancial compensation 
B)  indirect compensation 
C)  organizational fit 
D)  personal equity 
A)  nonfinancial compensation 
B)  indirect compensation 
C)  organizational fit 
D)  personal equity

Question 4

In which method of sales compensation is a salesperson's pay totally determined as a percentage of sales?

Accepted Answer

A)  straight commission 
B)  part salary 
C)  straight salary 
D)  straight bonus 
A)  straight commission 
B)  part salary 
C)  straight salary 
D)  straight bonus

Question 5

The primary purpose of job evaluation is to ________.

Accepted Answer

A)  prepare job descriptions 
B)  eliminate internal pay inequities 
C)  lay the groundwork for job analysis 
D)  price jobs within a geographic area 
A)  prepare job descriptions 
B)  eliminate internal pay inequities 
C)  lay the groundwork for job analysis 
D)  price jobs within a geographic area

Question 6

Which of the following is an example of a pay mix policy?

Accepted Answer

A)  less emphasis on both pay and employee benefits and more emphasis on non-financial compensation 
B)  more emphasis on pay equity between men and women 
C)  more emphasis on incentive pay than base pay 
D)  less emphasis on attaining market pay leadership 
A)  less emphasis on both pay and employee benefits and more emphasis on non-financial compensation 
B)  more emphasis on pay equity between men and women 
C)  more emphasis on incentive pay than base pay 
D)  less emphasis on attaining market pay leadership

Question 7

Which Act requires federal construction contractors with projects valued in excess of $2,000 to pay at least the prevailing wages in the area?

Accepted Answer

A)  Railway Labor Act 
B)  Davis-Bacon Act 
C)  Norris-LaGuardia Act 
D)  Fair Labor Standards Act 
A)  Railway Labor Act 
B)  Davis-Bacon Act 
C)  Norris-LaGuardia Act 
D)  Fair Labor Standards Act

Question 8

What are the advantages and disadvantages of team-based pay?

Accepted Answer

Team-based pay is determined by how well

Question 9

In a brief essay,describe job evaluation and job pricing.

Accepted Answer

Job evaluation is a process that determi

Question 10

Indirect financial compensation consists of all financial rewards that are not included in direct compensation,such as commissions and spot bonuses.

Accepted Answer

A) True 
 B)False

Question 11

The rationale for adopting seniority pay plans is described by which theory?

Accepted Answer

A)  job-based theory 
B)  pay-for-performance theory 
C)  human capital theory 
D)  equity theory 
A)  job-based theory 
B)  pay-for-performance theory 
C)  human capital theory 
D)  equity theory

Question 12

What includes a minimum and maximum pay rate with enough variance between the two to allow for a significant pay difference?

Accepted Answer

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

Question 13

What incentive plan allows executives to buy a specified amount of stock in the future at or below the current market price?

Accepted Answer

A)  stock option 
B)  indexed stock option 
C)  open-end stock option 
D)  closed-end stock option 
A)  stock option 
B)  indexed stock option 
C)  open-end stock option 
D)  closed-end stock option

Question 14

On average,companies spent $31.57 per hour worked per employee in December 2013.Of this total,how much did they spend on wages and benefits,respectively?

Accepted Answer

A)  $28.63 and $9.80, respectively per employee per hour worked 
B)  $21.77 and $9.80, respectively per employee per hour worked 
C)  $120.93 and $99.21, respectively, per employee per day worked 
D)  $7.25 and $4.56, respectively, per employee per hour worked 
A)  $28.63 and $9.80, respectively per employee per hour worked 
B)  $21.77 and $9.80, respectively per employee per hour worked 
C)  $120.93 and $99.21, respectively, per employee per day worked 
D)  $7.25 and $4.56, respectively, per employee per hour worked

Question 15

Which Act establishes a minimum wage,requires overtime pay and record keeping,and provides standards for child labor?

Accepted Answer

A)  Davis-Bacon Act 
B)  Walsh-Healy 
C)  Norris-LaGuardia Act 
D)  Fair Labor Standards Act (FLS
A)  
A)  Davis-Bacon Act 
B)  Walsh-Healy 
C)  Norris-LaGuardia Act 
D)  Fair Labor Standards Act (FLS
A)

Question 16

A pay grade is the grouping of similar jobs to simplify pricing jobs.

Accepted Answer

A) True 
 B)False

Question 17

Job pricing is represented by a wage curve that represents a smooth progression between pay grades.

Accepted Answer

A) True 
 B)False

Question 18

Nonexempt employees are categorized as executive, administrative, professional employees, and outside salespersons.

Accepted Answer

A) True 
 B)False

Question 19

Describe in a brief essay what say-on-pay policies and clawback policies are.Why do corporations implement these policies?

Accepted Answer

For many years executive compensation pr

Question 20

Which of the following is a compensation policy choice?

Accepted Answer

A)  nominal pay 
B)  commissions 
C)  real pay 
D)  pay mix 
A)  nominal pay 
B)  commissions 
C)  real pay 
D)  pay mix

What is the LEAST likely reason that a firm would use job evaluation?

Interindustry differentials can be attributed to a number of factors,including the industry's product market,the degree of capital intensity,the profitability of the industry,unionization,and gender mix of the workforce.

As a pediatric nurse,Cary experiences a significant amount of job satisfaction,which is considered ________.

In which method of sales compensation is a salesperson's pay totally determined as a percentage of sales?

The primary purpose of job evaluation is to ________.

Which of the following is an example of a pay mix policy?

Which Act requires federal construction contractors with projects valued in excess of $2,000 to pay at least the prevailing wages in the area?

What are the advantages and disadvantages of team-based pay?

In a brief essay,describe job evaluation and job pricing.

Indirect financial compensation consists of all financial rewards that are not included in direct compensation,such as commissions and spot bonuses.

The rationale for adopting seniority pay plans is described by which theory?

What includes a minimum and maximum pay rate with enough variance between the two to allow for a significant pay difference?

What incentive plan allows executives to buy a specified amount of stock in the future at or below the current market price?

On average,companies spent $31.57 per hour worked per employee in December 2013.Of this total,how much did they spend on wages and benefits,respectively?

Which Act establishes a minimum wage,requires overtime pay and record keeping,and provides standards for child labor?

A pay grade is the grouping of similar jobs to simplify pricing jobs.

Job pricing is represented by a wage curve that represents a smooth progression between pay grades.

Nonexempt employees are categorized as executive, administrative, professional employees, and outside salespersons.

Describe in a brief essay what say-on-pay policies and clawback policies are.Why do corporations implement these policies?

Which of the following is a compensation policy choice?

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:

What is the LEAST likely reason that a firm would use job evaluation?

Interindustry differentials can be attributed to a number of factors,including the industry's product market,the degree of capital intensity,the profitability of the industry,unionization,and gender mix of the workforce.

As a pediatric nurse,Cary experiences a significant amount of job satisfaction,which is considered ________.

In which method of sales compensation is a salesperson's pay totally determined as a percentage of sales?

The primary purpose of job evaluation is to ________.

Which of the following is an example of a pay mix policy?

Which Act requires federal construction contractors with projects valued in excess of $2,000 to pay at least the prevailing wages in the area?

What are the advantages and disadvantages of team-based pay?

In a brief essay,describe job evaluation and job pricing.

Indirect financial compensation consists of all financial rewards that are not included in direct compensation,such as commissions and spot bonuses.

The rationale for adopting seniority pay plans is described by which theory?

What includes a minimum and maximum pay rate with enough variance between the two to allow for a significant pay difference?

What incentive plan allows executives to buy a specified amount of stock in the future at or below the current market price?

On average,companies spent $31.57 per hour worked per employee in December 2013.Of this total,how much did they spend on wages and benefits,respectively?

Which Act establishes a minimum wage,requires overtime pay and record keeping,and provides standards for child labor?

A pay grade is the grouping of similar jobs to simplify pricing jobs.

Job pricing is represented by a wage curve that represents a smooth progression between pay grades.

Nonexempt employees are categorized as executive, administrative, professional employees, and outside salespersons.

Describe in a brief essay what say-on-pay policies and clawback policies are.Why do corporations implement these policies?

Which of the following is a compensation policy choice?

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