Question 1

Which type of compensation increases an employee's base pay and contributes to cost control over time??

Accepted Answer

A)  merit pay 
B)  incentive pay 
C)  person-focused pay 
D)  seniority-based pay

Question 2

Which of the following is true about the percentage of access contingent workers have to benefits compared to workers who are not classified as contingent workers?

Accepted Answer

A)  a smaller percentage of full-time workers have access to employee benefits than part-time workers 
B)  a smaller percentage of part-time workers have access to employee benefits than full-time workers 
C)  both groups have approximately equal access 
D)  this relationship is unimportant to companies

Question 3

What gainsharing plan embodies management-labor cooperation,collaborative problem-solving,teamwork,trust,open-book management and servant leadership?

Accepted Answer

A)  deferred plan 
B)  Scanlon plan 
C)  Roth plan 
D)  current plan

Question 4

Merit payments are relatively small gifts given to employees for outstanding work or effort during a brief period of time.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following would NOT be an exempt employee under the Fair Labor Standards Act?

Accepted Answer

A)  production manager 
B)  machine operator 
C)  senior statistician 
D)  outside salesperson

Question 6

One of the primary purposes of the Fair Labor Standards Act of 1938 was to eliminate substandard wages and to prevent children from excessive work hours.

Accepted Answer

A) True 
 B)False

Question 7

Unions' gains often influence nonunion companies' compensation practices.Many nonunion companies offered similar compensation to their employees.

Accepted Answer

A) True 
 B)False

Question 8

Irene,an HR manager,needs to use a quantitative job evaluation method.Which two methods would meet Irene's needs?

Accepted Answer

A)  point and ranking 
B)  ranking and classification 
C)  point and factor comparison 
D)  factor comparison and classification

Question 9

In most cases,which of the following is NOT a contextual influence on direct financial compensation?

Accepted Answer

A)  labor unions 
B)  indirect financial compensation 
C)  labor market 
D)  legislation

Question 10

In the ranking method of job evaluation,raters assign numerical values to specific job factors,such as knowledge required,and the sum of these values provides a quantitative assessment of a job's relative worth.

Accepted Answer

A) True 
 B)False

Question 11

Nominal compensation and real compensation are never equal.

Accepted Answer

A) True 
 B)False

Question 12

As an HR manager,you learn that an employee is being overpaid.What would be the best way to handle this situation?

Accepted Answer

A)  promote the employee, if qualified, to a job in a higher pay grade 
B)  bring the job rate and employee into line with a pay cut 
C)  freeze the rate until cost-of-living increases bring it into line 
D)  redesign the job by quantifying it with the factor comparison method

Question 13

Organizations that pay higher wages and salaries than competing firms use a ________.

Accepted Answer

A)  indirect financial compensation policy 
B)  going rate followers 
C)  pay followers 
D)  market lead policy

Question 14

Which of the following job evaluation techniques is placed in the non quantitative type?

Accepted Answer

A)  point method 
B)  ranking method 
C)  job description method 
D)  factor comparison method

Question 15

A golden parachute contract is a perquisite that protects executives in the event that another company acquires their firm.

Accepted Answer

A) True 
 B)False

Question 16

In the ________ of job evaluation,raters assign numerical values to specific job factors,such as knowledge required,and the sum of these values provides a quantitative assessment of a job's relative worth.

Accepted Answer

A)  point method 
B)  factor comparison method 
C)  classification method 
D)  chart profile method

Question 17

Which of the following is an incentive pay plan designed to bind employees to the firm's performance by providing payment based on improved company performance or other outcomes such as attaining cost-efficiency?

Accepted Answer

A)  deferred 
B)  job sharing 
C)  compression 
D)  gainsharing

Question 18

Eric,an HR manager,is using a job evaluation method in which he assigns numerical values to specific job factors before calculating the sum of the values.Which method is Eric most likely using?

Accepted Answer

A)  factor comparison 
B)  classification 
C)  ranking 
D)  point method

Question 19

By design,which employee group may not be awarded a salary for the work he or she performs?

Accepted Answer

A)  contingent workers 
B)  sales professionals 
C)  laborers 
D)  administrative employees

Question 20

Current trends in executive pay involve linking compensation with ________.

Accepted Answer

A)  multi-year contract packages 
B)  deferred stock options 
C)  performance results 
D)  seniority systems

Exam 9: Direct Financial Compensation Core Compensation:

Which type of compensation increases an employee's base pay and contributes to cost control over time??

Which of the following is true about the percentage of access contingent workers have to benefits compared to workers who are not classified as contingent workers?

What gainsharing plan embodies management-labor cooperation,collaborative problem-solving,teamwork,trust,open-book management and servant leadership?

Merit payments are relatively small gifts given to employees for outstanding work or effort during a brief period of time.

Which of the following would NOT be an exempt employee under the Fair Labor Standards Act?

One of the primary purposes of the Fair Labor Standards Act of 1938 was to eliminate substandard wages and to prevent children from excessive work hours.

Unions' gains often influence nonunion companies' compensation practices.Many nonunion companies offered similar compensation to their employees.

Irene,an HR manager,needs to use a quantitative job evaluation method.Which two methods would meet Irene's needs?

In most cases,which of the following is NOT a contextual influence on direct financial compensation?

In the ranking method of job evaluation,raters assign numerical values to specific job factors,such as knowledge required,and the sum of these values provides a quantitative assessment of a job's relative worth.

Nominal compensation and real compensation are never equal.

As an HR manager,you learn that an employee is being overpaid.What would be the best way to handle this situation?

Organizations that pay higher wages and salaries than competing firms use a ________.

Which of the following job evaluation techniques is placed in the non quantitative type?

A golden parachute contract is a perquisite that protects executives in the event that another company acquires their firm.

In the ________ of job evaluation,raters assign numerical values to specific job factors,such as knowledge required,and the sum of these values provides a quantitative assessment of a job's relative worth.

Which of the following is an incentive pay plan designed to bind employees to the firm's performance by providing payment based on improved company performance or other outcomes such as attaining cost-efficiency?

Eric,an HR manager,is using a job evaluation method in which he assigns numerical values to specific job factors before calculating the sum of the values.Which method is Eric most likely using?

By design,which employee group may not be awarded a salary for the work he or she performs?

Current trends in executive pay involve linking compensation with ________.