Question 1

In the context of incentives, an example of gainsharing is _____.

Accepted Answer

A)  using employee committees to calculate and pass on savings to employees 
B)  distributing surplus yields among employees when their performance improves above the baseline 
C)  identifying favorable employee behavior and rewarding employees who adhere to the set standards 
D)  using employee unions to encourage and promote a positive environment in organizations 
A)  using employee committees to calculate and pass on savings to employees 
B)  distributing surplus yields among employees when their performance improves above the baseline 
C)  identifying favorable employee behavior and rewarding employees who adhere to the set standards 
D)  using employee unions to encourage and promote a positive environment in organizations

Question 2

Special benefits-usually noncash items-for executives are termed _____.

Accepted Answer

A)  executive salaries 
B)  base salaries 
C)  perquisites 
D)  golden parachutes 
A)  executive salaries 
B)  base salaries 
C)  perquisites 
D)  golden parachutes

Question 3

A provision that permits an organization to require an employee to return rewards obtained through unethical or negligent actions is known as a(n) _____.

Accepted Answer

A)  say-on-pay provision 
B)  clawback provision 
C)  double jeopardy provision 
D)  excessive fines provision 
A)  say-on-pay provision 
B)  clawback provision 
C)  double jeopardy provision 
D)  excessive fines provision

Question 4

According to the Fair Labor Standards Act, if a state's minimum wage is higher than the federal minimum wage, _____.

Accepted Answer

A)  employers must pay the higher wage 
B)  employers must pay the lower wage 
C)  employers are free to choose between either of the two 
D)  employers must pay the difference as employee benefits 
A)  employers must pay the higher wage 
B)  employers must pay the lower wage 
C)  employers are free to choose between either of the two 
D)  employers must pay the difference as employee benefits

Question 5

Define base pay.

Accepted Answer

The basic compensation that an

Question 6

Describe the entitlement philosophy of employee compensation.

Accepted Answer

The entitlement philosophy assumes that

Question 7

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 in a specific industry. 
C)  It is used to determine the compensation benchmark in a specific organization. 
D)  It reflects an employee's eligibility for pay increase based on merit. 
A)  It reflects an employee's horizontal movement in an organization. 
B)  It is used to determine the compensation benchmark in a specific industry. 
C)  It is used to determine the compensation benchmark in a specific organization. 
D)  It reflects an employee's eligibility for pay increase based on merit.

Question 8

Under a straight piece-rate system, wages are determined by dividing the number of units produced by the piece rate for one unit.

Accepted Answer

A) True 
 B)False

Question 9

The right of employers to terminate employees whose pay is subject to a single garnishment order is restricted by the _____.

Accepted Answer

A)  Davis-Bacon Act 
B)  Walsh-Healy Public Contracts Act 
C)  McNamara-O'Hara Service Contract Act 
D)  Consumer Credit Protection Act 
A)  Davis-Bacon Act 
B)  Walsh-Healy Public Contracts Act 
C)  McNamara-O'Hara Service Contract Act 
D)  Consumer Credit Protection Act

Question 10

Intrinsic rewards include base pay, monetary incentives, bonuses, and other measurable rewards.

Accepted Answer

A) True 
 B)False

Question 11

Executive compensation in public corporations is subject to shareholder approval via a "say-on-pay" provision in the _____.

Accepted Answer

A)  Sarbanes-Oxley Act 
B)  Dodd-Frank Act 
C)  Lilly Ledbetter Fair Pay Act 
D)  Walsh-Healy Public Contracts Act 
A)  Sarbanes-Oxley Act 
B)  Dodd-Frank Act 
C)  Lilly Ledbetter Fair Pay Act 
D)  Walsh-Healy Public Contracts Act

Question 12

The focus of gainsharing is to increase discretionary efforts.

Accepted Answer

A) True 
 B)False

Question 13

Grouping jobs into pay grades based on similar market survey amounts is known as _____.

Accepted Answer

A)  market scaling 
B)  market pegging 
C)  market lining 
D)  market banding 
A)  market scaling 
B)  market pegging 
C)  market lining 
D)  market banding

Question 14

Explain employee stock plans.

Accepted Answer

Organizational incentive plans can inclu

Question 15

Group Viewer LLC, a software company, used to provide profit sharing plans for its employees. After organizational restructuring, the management decides to replace the profit sharing plans with commissions for each employee. Which of the following is true of Group Viewer LLC?

Accepted Answer

A)  It used to provide individual incentives, but now it provides team incentives. 
B)  It used to provide individual incentives, but now it provides organizational incentives. 
C)  It used to provide team incentives, but now it provides individual incentives. 
D)  It used to provide organizational incentives, but now it provides individual incentives. 
A)  It used to provide individual incentives, but now it provides team incentives. 
B)  It used to provide individual incentives, but now it provides organizational incentives. 
C)  It used to provide team incentives, but now it provides individual incentives. 
D)  It used to provide organizational incentives, but now it provides individual incentives.

Question 16

Explain bonuses in the context of variable pay.

Accepted Answer

Individual employees may receive additio

Question 17

Most federal and state entities rely on the criteria for independent contractor status identified by the _____.

Accepted Answer

A)  National Labor Relations Board 
B)  Internal Revenue Service 
C)  Department of Labor 
D)  U.S. Treasury Department 
A)  National Labor Relations Board 
B)  Internal Revenue Service 
C)  Department of Labor 
D)  U.S. Treasury Department

Question 18

Stock option plans give employees the right to purchase a(n) _____.

Accepted Answer

A)  unlimited number of shares of company stock at a specified exercise price for a limited period of time 
B)  unlimited number of shares of company stock at a specified exercise price for an unlimited period of time 
C)  fixed number of shares of company stock at a specified exercise price for a limited period of time 
D)  fixed number of shares of company stock at a specified exercise price for an unlimited period of time 
A)  unlimited number of shares of company stock at a specified exercise price for a limited period of time 
B)  unlimited number of shares of company stock at a specified exercise price for an unlimited period of time 
C)  fixed number of shares of company stock at a specified exercise price for a limited period of time 
D)  fixed number of shares of company stock at a specified exercise price for an unlimited period of time

Question 19

AirCar LLC, a producer of consumer electronics, used gainsharing to compensate its employees. However, after a change in management, the company decides to replace gainsharing with a stock option plan. Which of the following statements is true of AirCar LLC?

Accepted Answer

A)  It used to provide individual incentives, but now it provides organizational incentives. 
B)  It used to provide individual incentives, but now it provides team incentives. 
C)  It used to provide team incentives, but now it provides organizational incentives. 
D)  It used to provide organizational incentives, but now it provides individual incentives. 
A)  It used to provide individual incentives, but now it provides organizational incentives. 
B)  It used to provide individual incentives, but now it provides team incentives. 
C)  It used to provide team incentives, but now it provides organizational incentives. 
D)  It used to provide organizational incentives, but now it provides individual incentives.

Question 20

RedCat LLC, a footwear manufacturing company, used to practice gainsharing. After organizational restructuring, the management decides to replace gainsharing with profit sharing. Which of the following is true of RedCat LLC?

Accepted Answer

A)  It used to provide individual incentives, but now it provides team incentives. 
B)  It used to provide organizational incentives, but now it provides individual incentives. 
C)  It used to provide individual incentives, but now it provides organizational incentives. 
D)  It used to provide team incentives, but now it provides organizational incentives. 
A)  It used to provide individual incentives, but now it provides team incentives. 
B)  It used to provide organizational incentives, but now it provides individual incentives. 
C)  It used to provide individual incentives, but now it provides organizational incentives. 
D)  It used to provide team incentives, but now it provides organizational incentives.

In the context of incentives, an example of gainsharing is _____.

Special benefits-usually noncash items-for executives are termed _____.

A provision that permits an organization to require an employee to return rewards obtained through unethical or negligent actions is known as a(n) _____.

According to the Fair Labor Standards Act, if a state's minimum wage is higher than the federal minimum wage, _____.

Define base pay.

Describe the entitlement philosophy of employee compensation.

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

Under a straight piece-rate system, wages are determined by dividing the number of units produced by the piece rate for one unit.

The right of employers to terminate employees whose pay is subject to a single garnishment order is restricted by the _____.

Intrinsic rewards include base pay, monetary incentives, bonuses, and other measurable rewards.

Executive compensation in public corporations is subject to shareholder approval via a "say-on-pay" provision in the _____.

The focus of gainsharing is to increase discretionary efforts.

Grouping jobs into pay grades based on similar market survey amounts is known as _____.

Explain employee stock plans.

Group Viewer LLC, a software company, used to provide profit sharing plans for its employees. After organizational restructuring, the management decides to replace the profit sharing plans with commissions for each employee. Which of the following is true of Group Viewer LLC?

Explain bonuses in the context of variable pay.

Most federal and state entities rely on the criteria for independent contractor status identified by the _____.

Stock option plans give employees the right to purchase a(n) _____.

AirCar LLC, a producer of consumer electronics, used gainsharing to compensate its employees. However, after a change in management, the company decides to replace gainsharing with a stock option plan. Which of the following statements is true of AirCar LLC?

RedCat LLC, a footwear manufacturing company, used to practice gainsharing. After organizational restructuring, the management decides to replace gainsharing with profit sharing. Which of the following is true of RedCat LLC?

Human Resource Management in Organizations

Human Resource Strategy and Planning

Equal Employment Opportunity

Workforce, Jobs, and Job Analysis

Individual Organization Relations and Retention

Recruiting High-Quality Talent

Selecting Human Resources

Training Human Resources

Talent, Careers, and Development

Performance Management and Appraisal

Managing Employee Benefits

Risk Management and Worker Protection

Employee Rights and Responsibilities

Union-Management Relations

Global Human Resource Management

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Exam 11: Total Rewards and Compensation

In the context of incentives, an example of gainsharing is _____.

Special benefits-usually noncash items-for executives are termed _____.

A provision that permits an organization to require an employee to return rewards obtained through unethical or negligent actions is known as a(n) _____.

According to the Fair Labor Standards Act, if a state's minimum wage is higher than the federal minimum wage, _____.

Define base pay.

Describe the entitlement philosophy of employee compensation.

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

Under a straight piece-rate system, wages are determined by dividing the number of units produced by the piece rate for one unit.

The right of employers to terminate employees whose pay is subject to a single garnishment order is restricted by the _____.

Intrinsic rewards include base pay, monetary incentives, bonuses, and other measurable rewards.

Executive compensation in public corporations is subject to shareholder approval via a "say-on-pay" provision in the _____.

The focus of gainsharing is to increase discretionary efforts.

Grouping jobs into pay grades based on similar market survey amounts is known as _____.

Explain employee stock plans.

Group Viewer LLC, a software company, used to provide profit sharing plans for its employees. After organizational restructuring, the management decides to replace the profit sharing plans with commissions for each employee. Which of the following is true of Group Viewer LLC?

Explain bonuses in the context of variable pay.

Most federal and state entities rely on the criteria for independent contractor status identified by the _____.

Stock option plans give employees the right to purchase a(n) _____.

AirCar LLC, a producer of consumer electronics, used gainsharing to compensate its employees. However, after a change in management, the company decides to replace gainsharing with a stock option plan. Which of the following statements is true of AirCar LLC?

RedCat LLC, a footwear manufacturing company, used to practice gainsharing. After organizational restructuring, the management decides to replace gainsharing with profit sharing. Which of the following is true of RedCat LLC?

Human Resource Management in Organizations

Human Resource Strategy and Planning

Equal Employment Opportunity

Workforce, Jobs, and Job Analysis

Individual Organization Relations and Retention

Recruiting High-Quality Talent

Selecting Human Resources

Training Human Resources

Talent, Careers, and Development

Performance Management and Appraisal

Managing Employee Benefits

Risk Management and Worker Protection

Employee Rights and Responsibilities

Union-Management Relations

Global Human Resource Management

Filters