Question 1

The most widely used method of job evaluation is ranking.

Accepted Answer

A) True 
 B)False

Question 2

The Fair Labor Standards Act:

Accepted Answer

A) mandates a minimum wage for all workers 
B) requires that all workers be paid overtime 
C) prohibits minors under the age of 18 from working in hazardous occupations 
D) contains a definition of comparable worth 
E) does all of the above

Question 3

Benchmark jobs:

Accepted Answer

A) are used to establish market pay policy 
B) are jobs that are common across a number of different employers 
C) have relatively similar job descriptions across employers 
D) are necessary for interpreting pay survey data 
E) are accurately described by all of the above

Question 4

Comment on the following statement: "Job evaluation and job analysis are actually synonyms?"

Accepted Answer

The answer of Comment on the following statement: "Job evaluation...

Question 5

Which of the following statements about pay secrecy is true?

Accepted Answer

A) The free open discussion of salaries and wages is the norm in U.S.business. 
B) Perceived inequities may arise due to poor implementation of a well-designed compensation plan. 
C) Pay secrecy makes life difficult for managers. 
D) Compensation professionals and managers are the only ones who should have responsibility for designing the compensation system. 
E) Managers typically abhor pay secrecy.

Question 6

What is the simplest job evaluation method?

Accepted Answer

The answer of What is the simplest job evaluation method?...

Question 7

Monetary compensation includes direct payments such as salary,wages,and bonuses,and indirect payments such as payments to cover benefits and services

Accepted Answer

A) True 
 B)False

Question 8

The major objectives of MNCs adopting a centralized approach to total compensation are to create consistency in the link between results and rewards,to ensure that employees doing similar jobs all around the world are paid comparably,and to achieve internal pay equity.

Accepted Answer

A) True 
 B)False

Question 9

It is possible to make more pay in a lower level job than in a higher job level.

Accepted Answer

A) True 
 B)False

Question 10

Total compensation can facilitate (or interfere with)achieving many different strategic objectives.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following statements is not true of the job classification method?

Accepted Answer

A) It requires accurate job descriptions. 
B) Several jobs can be collected under one pay grade. 
C) Classification standards reflect mainly employee competencies. 
D) Classification systems can be used in both small and large firms. 
E) All of the above are truE.

Question 12

By far,the most common method used for establishing a pay policy is to match whatever the competition has.

Accepted Answer

A) True 
 B)False

Question 13

Companies should not rely on employee preferences when selecting the compensation mix and designing its pay systems.

Accepted Answer

A) True 
 B)False

Question 14

In a skill-based pay system,

Accepted Answer

A) pay ranges are variable,depending on the type of job and pay grade width 
B) pay administration is contingent upon the complexity of job evaluation and the pay allocation plan 
C) pay is tied to personal competency levels 
D) training is necessitated by need rather than employee desire for training 
E) all of the above are true

Question 15

Employee responses to feeling underrewarded include:

Accepted Answer

A) leaving the organization 
B) demanding a raise 
C) stealing from the employer 
D) restricting output 
E) all are typical responses

Question 16

Total compensation refers to the monetary and nonmonetary rewards offered to employees.

Accepted Answer

A) True 
 B)False

Question 17

Managers:

Accepted Answer

A) tend to be highly informed about the compensation system 
B) usually receive intensive training on base pay rates 
C) have more information about benefits than about other aspects of compensation 
D) often participate in the design of compensation practices 
E) all of the above are true

Question 18

In terms of pay mix,high-level executives tend to have proportionately more of their total compensation in _____ than do lower levels of employees.

Accepted Answer

A) benefits 
B) base pay 
C) incentives 
D) "in-kind" payments 
E) the pay mix for the various levels of employees is relatively similar until the CEO level

Question 19

Factors that affect worker retention include all EXCEPT:

Accepted Answer

A) financial compensation 
B) benefits 
C) management climate 
D) coworker relationships 
E) supervisor relationship

Question 20

Under the Fair Labor Standards Act,which of the following is most likely a nonexempt worker?

Accepted Answer

A) a full-time retail clerk in a liquor store 
B) a manager who supervises fifteen employees 
C) a petroleum engineer working as an independent contractor 
D) a tenured college professor 
E) all of the above

Exam 10: Developing an Approach to Total Compensation

The most widely used method of job evaluation is ranking.

The Fair Labor Standards Act:

Benchmark jobs:

Comment on the following statement: "Job evaluation and job analysis are actually synonyms?"

Which of the following statements about pay secrecy is true?

What is the simplest job evaluation method?

Monetary compensation includes direct payments such as salary,wages,and bonuses,and indirect payments such as payments to cover benefits and services

The major objectives of MNCs adopting a centralized approach to total compensation are to create consistency in the link between results and rewards,to ensure that employees doing similar jobs all around the world are paid comparably,and to achieve internal pay equity.

It is possible to make more pay in a lower level job than in a higher job level.

Total compensation can facilitate (or interfere with)achieving many different strategic objectives.

Which of the following statements is not true of the job classification method?

By far,the most common method used for establishing a pay policy is to match whatever the competition has.

Companies should not rely on employee preferences when selecting the compensation mix and designing its pay systems.

In a skill-based pay system,

Employee responses to feeling underrewarded include:

Total compensation refers to the monetary and nonmonetary rewards offered to employees.

Managers:

In terms of pay mix,high-level executives tend to have proportionately more of their total compensation in _____ than do lower levels of employees.

Factors that affect worker retention include all EXCEPT:

Under the Fair Labor Standards Act,which of the following is most likely a nonexempt worker?