Deck 16: Challenges Facing Compensation Professionals
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Deck 16: Challenges Facing Compensation Professionals
1
The goal of health care reform is to reduce the number of uninsured U.S.residents by how much in 2016?
A)25 million
B)32 million
C)46 million
D)53 million
A)25 million
B)32 million
C)46 million
D)53 million
B
2
Which of the following is a typical benefit preferred by employees with children (male or female,coupled or uncoupled)?
A)life insurance
B)insurance with prescription drug benefits
C)generous vacation allowances
D)physical fitness programs
A)life insurance
B)insurance with prescription drug benefits
C)generous vacation allowances
D)physical fitness programs
A
3
What is the mean hourly wages for all underemployed workers?
A)$11.20
B)$12.80
C)$13.60
D)$14.30
A)$11.20
B)$12.80
C)$13.60
D)$14.30
B
4
________ refers to a general slowdown in economic activity.
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5
________ is a situation in which a worker possesses more qualifications,skill,and education than is required by his/her existing job.
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6
Which one of the following is NOT true about labor participation rate?
A)Labor participation rate for younger workers is expected to decline.
B)Labor participation rate for older workers is expected to rise.
C)Labor participation rate for women is expected to increase slightly.
D)Labor participation rate for men is expected to increase slightly.
A)Labor participation rate for younger workers is expected to decline.
B)Labor participation rate for older workers is expected to rise.
C)Labor participation rate for women is expected to increase slightly.
D)Labor participation rate for men is expected to increase slightly.
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7
Which of the following is NOT true about the changes brought by PPACA?
A)The new legislation will require most employers to provide health care insurance to employees.
B)The lifetime benefits cap will be eliminated.
C)Waiting periods before employees may receive health care coverage will be limited with a maximum of 70 days.
D)The fines will be higher for employers that offer unaffordable health insurance.
A)The new legislation will require most employers to provide health care insurance to employees.
B)The lifetime benefits cap will be eliminated.
C)Waiting periods before employees may receive health care coverage will be limited with a maximum of 70 days.
D)The fines will be higher for employers that offer unaffordable health insurance.
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8
Which one of the following is NOT considered a long-term implication of underemployment?
A)Underemployment may slow down the economic recovery from recession.
B)Underemployment will likely lead to higher spending by companies.
C)Underemployment will most likely lead to a reduced consumption of goods and services.
D)Underemployment will probably result in reduced business production.
A)Underemployment may slow down the economic recovery from recession.
B)Underemployment will likely lead to higher spending by companies.
C)Underemployment will most likely lead to a reduced consumption of goods and services.
D)Underemployment will probably result in reduced business production.
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9
The gap between productivity and real hourly compensation is the highest between the periods of
A)1947-1973.
B)1979-1990.
C)1990-2000.
D)2000-2011.
A)1947-1973.
B)1979-1990.
C)1990-2000.
D)2000-2011.
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10
Which one of the developing Asian countries has the highest average pay rate?
A)Vietnam
B)China
C)Indonesia
D)Bangladesh
A)Vietnam
B)China
C)Indonesia
D)Bangladesh
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11
Which one of the following is NOT one of the direct or indirect reasons of rising wages in China?
A)Chinese policy makers' support of increased wages
B)one-child policy
C)labor shortages
D)increasing cost of exports
A)Chinese policy makers' support of increased wages
B)one-child policy
C)labor shortages
D)increasing cost of exports
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12
According to the Federal Reserve Bank,what is the percentage of industries that have cut back production since the beginning of the Great Recession?
A)82%
B)86%
C)90%
D)75%
A)82%
B)86%
C)90%
D)75%
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13
________ measures the purchasing power of a dollar.
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14
________ is a situation in which a worker is forced to work part-time due to economic situations although she/he is willing to work full-time.
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15
Tim owns a fruit distribution company and hires around 100 employees.Before PPACA became a law,he did not provide health insurance coverage for the workers.After March 2010,he started to provide the coverage.However,from then on,the costs of his company have been increasing exponentially.Which of the following cannot be one of the ways to limit the rising costs of offering health care coverage?
A)lowering wages to offset the costs of health insurance
B)decreasing the size of his workforce
C)limiting the waiting periods to receive health care coverage to 90 days (for new workers)
D)imposing lifetime benefit caps at $1 million
A)lowering wages to offset the costs of health insurance
B)decreasing the size of his workforce
C)limiting the waiting periods to receive health care coverage to 90 days (for new workers)
D)imposing lifetime benefit caps at $1 million
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16
How did General Motors and Chrysler respond to lower consumer demand during the Great Recession?
A)by cutting production levels
B)by introducing new models
C)by advertising more aggressively
D)by merging with other companies
A)by cutting production levels
B)by introducing new models
C)by advertising more aggressively
D)by merging with other companies
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17
During which timeframe did the U.S.economy experience the longest recession after World War II?
A)between February 2005 and July 2008
B)between December 2008 and January 2010
C)between April 2007 and December 2009
D)between December 2007 and June 2009
A)between February 2005 and July 2008
B)between December 2008 and January 2010
C)between April 2007 and December 2009
D)between December 2007 and June 2009
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18
Which of the following is NOT a typical benefit preferred by older workers?
A)insurance with prescription drug benefits
B)generous sick-leave allowances
C)flexible work schedules
D)disability insurance
A)insurance with prescription drug benefits
B)generous sick-leave allowances
C)flexible work schedules
D)disability insurance
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19
Jane holds a bachelor's degree in sociology and works as a part-time taxi driver.This situation is an example of which of the following?
A)malemployment
B)overstaffing
C)discrimination
D)unemployment
A)malemployment
B)overstaffing
C)discrimination
D)unemployment
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20
What was the estimated number of underemployed workers in the United States during October-November 2007?
A)slightly more than 7.2 million
B)around 6 million
C)slightly more than 4.2 million
D)slightly less than 3 million
A)slightly more than 7.2 million
B)around 6 million
C)slightly more than 4.2 million
D)slightly less than 3 million
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21
Briefly discuss the uncertainties brought by health care reform and changing workforce demographics.
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22
________ is the face value of a dollar.
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23
Discuss some of the ways in which the passage of the Patient Protection and Affordable Care Act (PPACA)will affect the way in which employers provide health care benefits to employees.
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24
Say-on-pay provides for which of the following?
A)Shareholders must be given the opportunity to cast an advisory vote on whether they support a proposed executive compensation package.
B)Shareholders must be given the opportunity to cast a binding vote on whether they support a proposed executive compensation package.
C)Employees must be given the chance to express their views on executive compensation to the company board of directors.
D)Boards of directors can veto executive compensation decisions.
A)Shareholders must be given the opportunity to cast an advisory vote on whether they support a proposed executive compensation package.
B)Shareholders must be given the opportunity to cast a binding vote on whether they support a proposed executive compensation package.
C)Employees must be given the chance to express their views on executive compensation to the company board of directors.
D)Boards of directors can veto executive compensation decisions.
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25
The U.S.Supreme Court ruling that struck down Section 3 of the Defense of Marriage Act now requires that
A)every gay couple receive company sponsored health insurance.
B)federal benefits be provided to married gay couples in states where gay marriage is legal.
C)every state outlaws marriage between same-sex individuals.
D)state benefits be provided to married gay couples.
A)every gay couple receive company sponsored health insurance.
B)federal benefits be provided to married gay couples in states where gay marriage is legal.
C)every state outlaws marriage between same-sex individuals.
D)state benefits be provided to married gay couples.
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