Question 1

How does executive compensation differ in the U.S.and Europe? Why do you think this difference exists?

Accepted Answer

The pay gap between the most affluent ex

Question 2

What form of pay equity exists when employees are paid according to the differences in job characteristics within the company?

Accepted Answer

A)  internal 
B)  employee 
C)  external 
D)  team 
A)  internal 
B)  employee 
C)  external 
D)  team

Question 3

What is a profit-sharing plan? Identify and discuss the three basic profit-sharing plans.

Accepted Answer

Profit sharing is a compensation plan th

Question 4

An executive perquisite that protects executives in the event that the executive is forced to leave the firm is known as a ________.

Accepted Answer

A)  golden parachute contract 
B)  stock option plan 
C)  Scanlon plan 
D)  spot bonus 
A)  golden parachute contract 
B)  stock option plan 
C)  Scanlon plan 
D)  spot bonus

Question 5

Which type of profit sharing plan provides payment to employees in cash or stock as soon as profits have been determined?

Accepted Answer

A)  deferred plan 
B)  current plan 
C)  performance plan 
D)  gainsharing plan 
A)  deferred plan 
B)  current plan 
C)  performance plan 
D)  gainsharing plan

Question 6

When the United Auto Workers negotiate with GM and Ford for higher wages,which legislation supports the union's right to engage in collective bargaining?

Accepted Answer

A)  Title VII of the Civil Rights Act 
B)  Equal Pay Act 
C)  Davis-Bacon Act 
D)  National Labor Relations Act 
A)  Title VII of the Civil Rights Act 
B)  Equal Pay Act 
C)  Davis-Bacon Act 
D)  National Labor Relations Act

Question 7

Piecework is an incentive pay plan where employees are paid for each unit they produce.

Accepted Answer

A) True 
 B)False

Question 8

Which tool is frequently used by managers to determine the appropriate number of pay grades for a company?

Accepted Answer

A)  bar graphs 
B)  pie charts 
C)  flow charts 
D)  scatter diagrams 
A)  bar graphs 
B)  pie charts 
C)  flow charts 
D)  scatter diagrams

Question 9

Vesting on a graduated basis has a tendency to ________.

Accepted Answer

A)  discourage participation 
B)  improve recruiting 
C)  increase hiring 
D)  reduce turnover 
A)  discourage participation 
B)  improve recruiting 
C)  increase hiring 
D)  reduce turnover

Question 10

Merit pay is a one-time financial award based on productivity.

Accepted Answer

A) True 
 B)False

Question 11

Profit sharing is a compensation plan that helps HR managers with recruiting and retaining employees.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is NOT an exception for paying women less than men for performing equal work?

Accepted Answer

A)  seniority-based pay 
B)  merit-based pay 
C)  any factor other than the sex of an employee 
D)  any factor, including the sex of an employee 
A)  seniority-based pay 
B)  merit-based pay 
C)  any factor other than the sex of an employee 
D)  any factor, including the sex of an employee

Question 13

A compensation plan that results in the distribution of a predetermined percentage of the firm's profits to employees is referred to as ________.

Accepted Answer

A)  team sharing 
B)  piecework 
C)  profit sharing 
D)  broadbanding 
A)  team sharing 
B)  piecework 
C)  profit sharing 
D)  broadbanding

Question 14

In most cases,a firm prefers to link the salary growth of its highest level managers to market rates and ________.

Accepted Answer

A)  cost of living increases 
B)  public compensation policies 
C)  overall corporate performance 
D)  contingent worker compensation 
A)  cost of living increases 
B)  public compensation policies 
C)  overall corporate performance 
D)  contingent worker compensation

Question 15

Special benefits provided by a firm to a small group of key executives are known as ________.

Accepted Answer

A)  incentive bonuses 
B)  golden parachutes 
C)  stock options 
D)  perquisites 
A)  incentive bonuses 
B)  golden parachutes 
C)  stock options 
D)  perquisites

Question 16

The classification method of job evaluation is the simplest job evaluation method and requires comparing a job description with a class description.

Accepted Answer

A) True 
 B)False

Question 17

Ryan,an HR manager at a publishing firm,may begin broadbanding jobs.Which of the following is NOT a benefit of broadbanding?

Accepted Answer

A)  focusing on vertical promotional options 
B)  simplifying the firm's compensation system 
C)  encouraging employees to develop laterally 
D)  adding flexibility to the firm's compensation system 
A)  focusing on vertical promotional options 
B)  simplifying the firm's compensation system 
C)  encouraging employees to develop laterally 
D)  adding flexibility to the firm's compensation system

Question 18

Placing a dollar value on a job's worth is called ________.

Accepted Answer

A)  job analysis 
B)  job enlarging 
C)  job evaluation 
D)  job pricing 
A)  job analysis 
B)  job enlarging 
C)  job evaluation 
D)  job pricing

Question 19

Which of the following provides general guidelines for making compensation decisions?

Accepted Answer

A)  pay leaders 
B)  market rates 
C)  compensation policies 
D)  compensation packages 
A)  pay leaders 
B)  market rates 
C)  compensation policies 
D)  compensation packages

Question 20

Cost-of-living allowances are becoming increasingly popular in nonunion settings.

Accepted Answer

A) True 
 B)False

How does executive compensation differ in the U.S.and Europe? Why do you think this difference exists?

What form of pay equity exists when employees are paid according to the differences in job characteristics within the company?

What is a profit-sharing plan? Identify and discuss the three basic profit-sharing plans.

An executive perquisite that protects executives in the event that the executive is forced to leave the firm is known as a ________.

Which type of profit sharing plan provides payment to employees in cash or stock as soon as profits have been determined?

When the United Auto Workers negotiate with GM and Ford for higher wages,which legislation supports the union's right to engage in collective bargaining?

Piecework is an incentive pay plan where employees are paid for each unit they produce.

Which tool is frequently used by managers to determine the appropriate number of pay grades for a company?

Vesting on a graduated basis has a tendency to ________.

Merit pay is a one-time financial award based on productivity.

Profit sharing is a compensation plan that helps HR managers with recruiting and retaining employees.

Which of the following is NOT an exception for paying women less than men for performing equal work?

A compensation plan that results in the distribution of a predetermined percentage of the firm's profits to employees is referred to as ________.

In most cases,a firm prefers to link the salary growth of its highest level managers to market rates and ________.

Special benefits provided by a firm to a small group of key executives are known as ________.

The classification method of job evaluation is the simplest job evaluation method and requires comparing a job description with a class description.

Ryan,an HR manager at a publishing firm,may begin broadbanding jobs.Which of the following is NOT a benefit of broadbanding?

Placing a dollar value on a job's worth is called ________.

Which of the following provides general guidelines for making compensation decisions?

Cost-of-living allowances are becoming increasingly popular in nonunion settings.

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:

How does executive compensation differ in the U.S.and Europe? Why do you think this difference exists?

What form of pay equity exists when employees are paid according to the differences in job characteristics within the company?

What is a profit-sharing plan? Identify and discuss the three basic profit-sharing plans.

An executive perquisite that protects executives in the event that the executive is forced to leave the firm is known as a ________.

Which type of profit sharing plan provides payment to employees in cash or stock as soon as profits have been determined?

When the United Auto Workers negotiate with GM and Ford for higher wages,which legislation supports the union's right to engage in collective bargaining?

Piecework is an incentive pay plan where employees are paid for each unit they produce.

Which tool is frequently used by managers to determine the appropriate number of pay grades for a company?

Vesting on a graduated basis has a tendency to ________.

Merit pay is a one-time financial award based on productivity.

Profit sharing is a compensation plan that helps HR managers with recruiting and retaining employees.

Which of the following is NOT an exception for paying women less than men for performing equal work?

A compensation plan that results in the distribution of a predetermined percentage of the firm's profits to employees is referred to as ________.

In most cases,a firm prefers to link the salary growth of its highest level managers to market rates and ________.

Special benefits provided by a firm to a small group of key executives are known as ________.

The classification method of job evaluation is the simplest job evaluation method and requires comparing a job description with a class description.

Ryan,an HR manager at a publishing firm,may begin broadbanding jobs.Which of the following is NOT a benefit of broadbanding?

Placing a dollar value on a job's worth is called ________.

Which of the following provides general guidelines for making compensation decisions?

Cost-of-living allowances are becoming increasingly popular in nonunion settings.

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