Question 1

Which of the following is most significantly affected by "pay for time not worked"?

Accepted Answer

A)  benefit costs 
B)  human resources plan 
C)  schedule of operations 
D)  operating plan

Question 2

The employer's ability to pay is an external factor influencing the wage mix.

Accepted Answer

A) True 
 B)False

Question 3

In the factor comparison system, the five compensable factors that key jobs are evaluated against are skill, mental effort, physical effort, responsibility, and working conditions.

Accepted Answer

A) True 
 B)False

Question 4

Retirement benefits, disability benefits, and survivor's benefits are the three major benefits that the contributions to the Canada and Quebec pension plans provide.

Accepted Answer

A) True 
 B)False

Question 5

The equity theory states that individuals look at their inputs (salary, benefits) compared to their outcomes (abilities, skills, and experiences) and develop a ratio based upon these measurements.

Accepted Answer

A) True 
 B)False

Question 6

What type of compensation program compensates employees for the knowledge they possess?

Accepted Answer

A)  seniority-based pay plans 
B)  performance-based pay plans 
C)  competency-based pay plans 
D)  merit-based pay plans

Question 7

The consumer price index measures globally the cost of living.

Accepted Answer

A) True 
 B)False

Question 8

Which term refers to employees who are compensated on an hourly basis?

Accepted Answer

A)  hourly employees 
B)  salaried employees 
C)  piecework earners 
D)  commission earners

Question 9

Using salary information from other organizations allows an employer to maintain internal equity.

Accepted Answer

A) True 
 B)False

Question 10

Because of the many problems in the way the CPI is calculated, wage setters feel that it is not important.

Accepted Answer

A) True 
 B)False

Question 11

In Ontario, an employer can reject an employee's request for leave without pay in order to provide care for a sick child.

Accepted Answer

A) True 
 B)False

Question 12

Broadbanding forces employees to focus on moving into higher-paying jobs when look to develop their own careers.

Accepted Answer

A) True 
 B)False

Question 13

In which type of incentive plan does an employer pay special sums based on the organization's net income over a specified period?

Accepted Answer

A)  profit-sharing plan 
B)  merit raises plan 
C)  gain sharing plan 
D)  individual bonus plan

Question 14

To encourage employees to receive regular dental attention and to help pay for dental-care costs, some employers have instituted dental coverage plans.

Accepted Answer

A) True 
 B)False

Question 15

What does the equity theory explain?

Accepted Answer

A)  why there is a perceived imbalance between the wages that men earn and that women earn 
B)  how employees respond when they believe they receive less (or more) than they deserve 
C)  how organizations define and build their compensation systems 
D)  why organizations provide direct and indirection compensation to employees

Question 16

What are the three types of benefits provided under the Canada/Quebec pension plans?

Accepted Answer

A)  retirement, disability, and survivor 
B)  retirement, survivor, and healthcare 
C)  retirement, vacation, and disability 
D)  disability, old age security, and survivor

Question 17

Studies have demonstrated that there is no link between an integrated approach to rewards and achieving strong business results.

Accepted Answer

A) True 
 B)False

Question 18

Regardless of the job evaluation method selected, which of the following must be followed?

Accepted Answer

A)  The job incumbent is evaluated, not the job. 
B)  The job is evaluated based on the performance of tasks. 
C)  The job is evaluated as it will be in 12 months. 
D)  The current level of compensation associated with the job should be taken into consideration.

Question 19

Which of the following are voluntary employee benefits?

Accepted Answer

A)  statutory holidays 
B)  minimum vacation pay 
C)  educational assistance plan 
D)  overtime premiums

Question 20

Identify and briefly describe five different incentive plans offered to hourly and/or salaried employees.

Accepted Answer

The answer of Identify and briefly describe five different incentive...

Exam 8: Rewarding and Recognizing Employees

Which of the following is most significantly affected by "pay for time not worked"?

The employer's ability to pay is an external factor influencing the wage mix.

In the factor comparison system, the five compensable factors that key jobs are evaluated against are skill, mental effort, physical effort, responsibility, and working conditions.

Retirement benefits, disability benefits, and survivor's benefits are the three major benefits that the contributions to the Canada and Quebec pension plans provide.

The equity theory states that individuals look at their inputs (salary, benefits) compared to their outcomes (abilities, skills, and experiences) and develop a ratio based upon these measurements.

What type of compensation program compensates employees for the knowledge they possess?

The consumer price index measures globally the cost of living.

Which term refers to employees who are compensated on an hourly basis?

Using salary information from other organizations allows an employer to maintain internal equity.

Because of the many problems in the way the CPI is calculated, wage setters feel that it is not important.

In Ontario, an employer can reject an employee's request for leave without pay in order to provide care for a sick child.

Broadbanding forces employees to focus on moving into higher-paying jobs when look to develop their own careers.

In which type of incentive plan does an employer pay special sums based on the organization's net income over a specified period?

To encourage employees to receive regular dental attention and to help pay for dental-care costs, some employers have instituted dental coverage plans.

What does the equity theory explain?

What are the three types of benefits provided under the Canada/Quebec pension plans?

Studies have demonstrated that there is no link between an integrated approach to rewards and achieving strong business results.

Regardless of the job evaluation method selected, which of the following must be followed?

Which of the following are voluntary employee benefits?

Identify and briefly describe five different incentive plans offered to hourly and/or salaried employees.