Question 1

Which of the following best describes cost-of-living adjustment?

Accepted Answer

A) one-time payments for meeting previously established performance objectives 
B) consolidated pay which is not subject to any change regardless of the cost-of-living 
C) percentage increment to base pay provided to all employees regardless of performance 
D) compensation to provide for items that are in short supply 
E) increment to base pay in recognition of past work behaviour 
A) one-time payments for meeting previously established performance objectives 
B) consolidated pay which is not subject to any change regardless of the cost-of-living 
C) percentage increment to base pay provided to all employees regardless of performance 
D) compensation to provide for items that are in short supply 
E) increment to base pay in recognition of past work behaviour

Question 2

Allowances are rewards given to employees based on their performance.

Accepted Answer

A) True 
 B)False

Question 3

as a pay objective involves abiding by various federal, provincial, and territorial compensation laws and regulations.

Accepted Answer

A) Fairness 
B) Competitiveness 
C) Alignment 
D) Compliance 
E) Efficiency 
A) Fairness 
B) Competitiveness 
C) Alignment 
D) Compliance 
E) Efficiency

Question 4

What are long-term incentives?

Accepted Answer

Long-term incentives are inten

Question 5

Base pay is the cash compensation an employer pays for the work performed.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following best describes allowances?

Accepted Answer

A) programs that help employees better integrate their work and life responsibilities 
B) percentage increment to base pay provided to all employees regardless of performance 
C) pay calculated at an annual or monthly rate 
D) one-time payments for meeting previously established performance objectives 
E) compensation to provide for items that are in short supply 
A) programs that help employees better integrate their work and life responsibilities 
B) percentage increment to base pay provided to all employees regardless of performance 
C) pay calculated at an annual or monthly rate 
D) one-time payments for meeting previously established performance objectives 
E) compensation to provide for items that are in short supply

Question 7

All forms of financial returns and tangible services and benefits that employees receive as part of an employment relationship are known as _.

Accepted Answer

A) relational returns 
B) compensation 
C) total rewards 
D) merit pay 
E) base pay 
A) relational returns 
B) compensation 
C) total rewards 
D) merit pay 
E) base pay

Question 8

Which of the following refers to pay calculated at an hourly rate?

Accepted Answer

A) total reward 
B) compensation 
C) wage 
D) salary 
E) merit increase 
A) total reward 
B) compensation 
C) wage 
D) salary 
E) merit increase

Question 9

Incentives may be long-term or short-term.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is true of the present value perspective?

Accepted Answer

A) It establishes a limit on the amount spent on benefits. 
B) It considers future bonuses, merit increases, and promotions. 
C) It creates an external competitiveness through future promises. 
D) It considers today's initial offers to employees. 
E) It assesses the present value of a company to offer stock options to employees. 
A) It establishes a limit on the amount spent on benefits. 
B) It considers future bonuses, merit increases, and promotions. 
C) It creates an external competitiveness through future promises. 
D) It considers today's initial offers to employees. 
E) It assesses the present value of a company to offer stock options to employees.

Question 11

What is procedural fairness?

Accepted Answer

Procedural fairness is concern

Question 12

Which of the following is a work/life program?

Accepted Answer

A) telecommuting 
B) stock options 
C) health insurance 
D) cost-of-living adjustment 
E) employment Insurance 
A) telecommuting 
B) stock options 
C) health insurance 
D) cost-of-living adjustment 
E) employment Insurance

Question 13

An incentive payment:

Accepted Answer

A) is part of an employee's base wage. 
B) ties pay increases directly to an employee's performance. 
C) is made to provide for items that are in short supply. 
D) refers to psychological returns employees believe they receive in the workplace. 
E) is non-taxable and therefore highly preferred by employees. 
A) is part of an employee's base wage. 
B) ties pay increases directly to an employee's performance. 
C) is made to provide for items that are in short supply. 
D) refers to psychological returns employees believe they receive in the workplace. 
E) is non-taxable and therefore highly preferred by employees.

Question 14

refers to the compensation given to purchase items that are in short supply.

Accepted Answer

A) Wage 
B) Cost-of-living adjustment 
C) Allowance 
D) Variable pay 
E) Incentive 
A) Wage 
B) Cost-of-living adjustment 
C) Allowance 
D) Variable pay 
E) Incentive

Question 15

When executive pay is excessive relative to company performance, profits are diverted away from stockholders to the executives.

Accepted Answer

A) True 
 B)False

Question 16

Total compensation does NOT include:

Accepted Answer

A) insurance benefits 
B) base pay 
C) relational returns 
D) incentives 
E) allowances 
A) insurance benefits 
B) base pay 
C) relational returns 
D) incentives 
E) allowances

Question 17

Internal alignment may be achieved by:

Accepted Answer

A) comparing pay between jobs or skill levels inside a single organization 
B) paying below-market base wages but offering training and rapid promotion 
C) matching competitors' wage rates 
D) compensating employees at above-market rates 
E) creation of cross-functional departments 
A) comparing pay between jobs or skill levels inside a single organization 
B) paying below-market base wages but offering training and rapid promotion 
C) matching competitors' wage rates 
D) compensating employees at above-market rates 
E) creation of cross-functional departments

Question 18

Which of the following is NOT part of an employee's total compensation?

Accepted Answer

A) cost-of-living adjustments 
B) relational returns 
C) pay 
D) paid vacation 
E) health insurance 
A) cost-of-living adjustments 
B) relational returns 
C) pay 
D) paid vacation 
E) health insurance

Question 19

Procedural fairness is the fairness of the process used to make a decision about pay.

Accepted Answer

A) True 
 B)False

Question 20

Pay relationships within the organization affect employee decisions to stay with the organization.

Accepted Answer

A) True 
 B)False

Which of the following best describes cost-of-living adjustment?

Allowances are rewards given to employees based on their performance.

as a pay objective involves abiding by various federal, provincial, and territorial compensation laws and regulations.

What are long-term incentives?

Base pay is the cash compensation an employer pays for the work performed.

Which of the following best describes allowances?

All forms of financial returns and tangible services and benefits that employees receive as part of an employment relationship are known as _.

Which of the following refers to pay calculated at an hourly rate?

Incentives may be long-term or short-term.

Which of the following is true of the present value perspective?

What is procedural fairness?

Which of the following is a work/life program?

An incentive payment:

refers to the compensation given to purchase items that are in short supply.

When executive pay is excessive relative to company performance, profits are diverted away from stockholders to the executives.

Total compensation does NOT include:

Internal alignment may be achieved by:

Which of the following is NOT part of an employee's total compensation?

Procedural fairness is the fairness of the process used to make a decision about pay.

Pay relationships within the organization affect employee decisions to stay with the organization.

Strategy: the Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Pay Structures

Defining Competitiveness

Designing Pay Levels, Pay Mix, and Pay Structures

Employee Benefits

Pay for Performance: Performance Appraisal and Plan Design

Pay-For-Performance Plans

The Role of Governments and Unions in Compensation

Compensation Budgets and Administration

Filters

Exam 1: The Pay Model

Which of the following best describes cost-of-living adjustment?

Allowances are rewards given to employees based on their performance.

as a pay objective involves abiding by various federal, provincial, and territorial compensation laws and regulations.

What are long-term incentives?

Base pay is the cash compensation an employer pays for the work performed.

Which of the following best describes allowances?

All forms of financial returns and tangible services and benefits that employees receive as part of an employment relationship are known as _.

Which of the following refers to pay calculated at an hourly rate?

Incentives may be long-term or short-term.

Which of the following is true of the present value perspective?

What is procedural fairness?

Which of the following is a work/life program?

An incentive payment:

refers to the compensation given to purchase items that are in short supply.

When executive pay is excessive relative to company performance, profits are diverted away from stockholders to the executives.

Total compensation does NOT include:

Internal alignment may be achieved by:

Which of the following is NOT part of an employee's total compensation?

Procedural fairness is the fairness of the process used to make a decision about pay.

Pay relationships within the organization affect employee decisions to stay with the organization.

Strategy: the Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Pay Structures

Defining Competitiveness

Designing Pay Levels, Pay Mix, and Pay Structures

Employee Benefits

Pay for Performance: Performance Appraisal and Plan Design

Pay-For-Performance Plans

The Role of Governments and Unions in Compensation

Compensation Budgets and Administration

Filters