Question 1

Which of the following is an intangible reward?

Accepted Answer

A)  Base pay 
B)  Health care benefits 
C)  Challenging work 
D)  Variable pay

Question 2

Discuss individual pay.

Accepted Answer

The answer of Discuss individual pay....

Question 3

Which of the following is typically the immediate next step after compensation philosophy in the compensation administration process?

Accepted Answer

A)  Job analysis 
B)  Job evaluation 
C)  Internal focus 
D)  External focus

Question 4

A _____ is a report based on research of compensation rates for workers performing similar jobs in other organizations.

Accepted Answer

A)  pay survey 
B)  pay analysis 
C)  pay scale 
D)  pay grade

Question 5

A _____ shows the relationship between job value as determined by job evaluation points and job value as determined by pay survey rates.

Accepted Answer

A)  market grade 
B)  market band 
C)  market line 
D)  market scale

Question 6

Define competency-based pay.

Accepted Answer

The answer of Define competency-based pay....

Question 7

The compa-ratio is calculated by dividing the individual's pay rate by the lowest point in
the pay range.

Accepted Answer

A) True 
 B)False

Question 8

Compliance with FLSA provisions on employee compensation is enforced by the National Labor Relations Board.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is classified as an input in the equity theory?

Accepted Answer

A)  Job security 
B)  Praise 
C)  Loyalty 
D)  Recognition

Question 10

Which of the following is true of a pay adjustment matrix?

Accepted Answer

A)  It reflects an employee's horizontal movement in an organization. 
B)  It is used to determine the compensation benchmark for a particular industry. 
C)  It is used to determine the compensation benchmark for a particular organization. 
D)  It reflects an employee's vertical movement in an organization.

Question 11

An employer using the first-quartile strategy chooses to "lag the market."

Accepted Answer

A) True 
 B)False

Question 12

The child labor provisions of the FLSA set the minimum age for employment with unlimited hours at 19 years.

Accepted Answer

A) True 
 B)False

Question 13

The equity theory states that individuals judge fairness in compensation by comparing their inputs and outcomes against the inputs and outcomes of referent others.

Accepted Answer

A) True 
 B)False

Question 14

Describe the two different compensation philosophies.

Accepted Answer

The answer of Describe the two different compensation philosophies....

Question 15

Which of the following is true an employer who uses the third-quartile strategy of compensation?

Accepted Answer

A)  The employer pays the employees above market levels. 
B)  The employers determine the pay irrespective of the market scenario. 
C)  The employer pays the employees below market levels. 
D)  The employer pays the employees on par with the market levels.

Question 16

Number of Full Time Equivalents = _____.

Accepted Answer

A)  total annual hours paid for all employees divided by the total output of all full-time employees 
B)  total output of all full-time employees divided by the total annual hours paid for all employees 
C)  total annual hours paid for all employees divided by the number of hours a full-time employee is scheduled to work 
D)  number of hours a full-time employee is scheduled to work divided by the total annual hours paid for all employees

Question 17

Discuss compensation fairness and equity.

Accepted Answer

The answer of Discuss compensation fairness and equity....

Question 18

Across-the-board raises are most common in organizations that follow the pay-for-performance philosophy.

Accepted Answer

A) True 
 B)False

Question 19

The entitlement philosophy assumes that compensation decisions reflect performance differences.

Accepted Answer

A) True 
 B)False

Question 20

The _____ prohibits companies from using different wage scales for men and women performing substantially the same jobs.

Accepted Answer

A)  Fair Employment Act 
B)  Employment Non-Discrimination Act 
C)  Civil Rights Act 
D)  Equal Pay Act

Exam 11: Total Rewards and Compensation

Which of the following is an intangible reward?

Discuss individual pay.

Which of the following is typically the immediate next step after compensation philosophy in the compensation administration process?

A _____ is a report based on research of compensation rates for workers performing similar jobs in other organizations.

A _____ shows the relationship between job value as determined by job evaluation points and job value as determined by pay survey rates.

Define competency-based pay.

The compa-ratio is calculated by dividing the individual's pay rate by the lowest point in the pay range.

Compliance with FLSA provisions on employee compensation is enforced by the National Labor Relations Board.

Which of the following is classified as an input in the equity theory?

Which of the following is true of a pay adjustment matrix?

An employer using the first-quartile strategy chooses to "lag the market."

The child labor provisions of the FLSA set the minimum age for employment with unlimited hours at 19 years.

The equity theory states that individuals judge fairness in compensation by comparing their inputs and outcomes against the inputs and outcomes of referent others.

Describe the two different compensation philosophies.

Which of the following is true an employer who uses the third-quartile strategy of compensation?

Number of Full Time Equivalents = _____.

Discuss compensation fairness and equity.

Across-the-board raises are most common in organizations that follow the pay-for-performance philosophy.

The entitlement philosophy assumes that compensation decisions reflect performance differences.

The _____ prohibits companies from using different wage scales for men and women performing substantially the same jobs.