Question 1

Which of the following has historically been the primary issue in collective bargaining?

Accepted Answer

A) safety 
B) wage rates 
C) income security 
D) health care benefits 
A) safety 
B) wage rates 
C) income security 
D) health care benefits

Question 2

Jorge worked 6 hours of overtime this week but has decided to take time off instead of overtime pay.How many hours will Jorge receive in time off from work?

Accepted Answer

A) 3 hours 
B) 6 hours 
C) 9 hours 
D) 12 hours 
A) 3 hours 
B) 6 hours 
C) 9 hours 
D) 12 hours

Question 3

What is comparable worth? Discuss the connection between comparable worth and the point method.

Accepted Answer

Comparable worth refers to the requireme

Question 4

When splitting each factor into degrees in the process of creating a market-competitive pay plan,the number of degrees should not exceed two or three in most cases.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following terms refers to pay in the form of financial benefits,such as insurance?

Accepted Answer

A) merit raises 
B) out-of-pocket expenses 
C) indirect financial payments 
D) direct financial payments 
A) merit raises 
B) out-of-pocket expenses 
C) indirect financial payments 
D) direct financial payments

Question 6

Basic factors that establish how several jobs compare to one another and that determine the pay for each job are called ________.

Accepted Answer

A) compensable factors 
B) job evaluation factors 
C) ranking factors 
D) analysis factors 
A) compensable factors 
B) job evaluation factors 
C) ranking factors 
D) analysis factors

Question 7

The Sarbanes-Oxley Act of 2002 makes board members personally liable for violating their fiduciary responsibilities to their shareholders.

Accepted Answer

A) True 
 B)False

Question 8

The primary advantage of broadbanding is that it provides greater flexibility with employee assignments.

Accepted Answer

A) True 
 B)False

Question 9

Supplemental executive retirement plans and supplemental life insurance are classified as ________ in executive compensation packages.

Accepted Answer

A) base salary 
B) short-term incentives 
C) deferred long-term incentives 
D) executive benefits and perks 
A) base salary 
B) short-term incentives 
C) deferred long-term incentives 
D) executive benefits and perks

Question 10

What type of pay plan is being used when workers are paid a sum for each unit they produce?

Accepted Answer

A) base pay 
B) competency-based pay 
C) job-based pay 
D) piecework 
A) base pay 
B) competency-based pay 
C) job-based pay 
D) piecework

Question 11

How is executive pay typically determined? Why are boards of directors tightening down on executive pay in recent years?

Accepted Answer

For top executive jobs (especially the C

Question 12

According to research,what is the LEAST likely factor that determines CEO pay?

Accepted Answer

A) ability to pay 
B) job complexity 
C) job evaluation 
D) human capital 
A) ability to pay 
B) job complexity 
C) job evaluation 
D) human capital

Question 13

All of the following issues are addressed by the Fair Labor Standards Act EXCEPT ________.

Accepted Answer

A) termination 
B) overtime pay 
C) record-keeping 
D) minimum wage 
A) termination 
B) overtime pay 
C) record-keeping 
D) minimum wage

Question 14

Homelife,a national chain of high-end furniture stores,employs nearly 800 workers.In the past few years,the company's market share has dropped significantly,and employee turnover has increased.Upper management is considering the implementation of a new compensation policy in its efforts to turn the company around.Historically,the company has paid all employees similarly with some variation for seniority but no distinction between high and low performers. Which of the following,if true,supports the decision by Homelife executives to implement competency-based pay?

Accepted Answer

A) In an effort to save money,Homelife will be reducing the employee training budget over the next 3 years. 
B) Most Homelife managers are men,but executives hope to increase the number of minority women working for the company. 
C) Homelife sales associates currently receive base salaries in addition to sales commissions,but they have monthly sales quotas. 
D) Homelife plans to organize employees into teams,provide regular training,and frequently assess workers' skills and knowledge. 
A) In an effort to save money,Homelife will be reducing the employee training budget over the next 3 years. 
B) Most Homelife managers are men,but executives hope to increase the number of minority women working for the company. 
C) Homelife sales associates currently receive base salaries in addition to sales commissions,but they have monthly sales quotas. 
D) Homelife plans to organize employees into teams,provide regular training,and frequently assess workers' skills and knowledge.

Question 15

What is the primary disadvantage of traditional grade pay plans?

Accepted Answer

A) inflexibility 
B) reliability 
C) validity 
D) subjectivity 
A) inflexibility 
B) reliability 
C) validity 
D) subjectivity

Question 16

What is the first step in creating a market-competitive pay plan?

Accepted Answer

A) choosing benchmark jobs 
B) selecting compensable factors 
C) reviewing relevant job descriptions 
D) evaluating external and internal wage curves 
A) choosing benchmark jobs 
B) selecting compensable factors 
C) reviewing relevant job descriptions 
D) evaluating external and internal wage curves

Question 17

Broadbanding refers to the requirement to pay men and women equal wages for jobs of comparable value to the employer.

Accepted Answer

A) True 
 B)False

Question 18

Mario,an HR specialist,is conducting a job evaluation.Mario ranks different components of the job,including complexity,experience,and education required,and then adds up the points for each component.Mario is most likely using the ________ method of job evaluation.

Accepted Answer

A) ranking 
B) job classification 
C) factor comparison 
D) alternative point 
A) ranking 
B) job classification 
C) factor comparison 
D) alternative point

Question 19

Which of the following is true for employers who use independent contractors?

Accepted Answer

A) Payroll taxes are paid by the employer. 
B) Federal income taxes are charged at a reduced rate. 
C) Social Security taxes are higher than for regular employees. 
D) Fair Labor Standards Act overtime requirements do not apply. 
A) Payroll taxes are paid by the employer. 
B) Federal income taxes are charged at a reduced rate. 
C) Social Security taxes are higher than for regular employees. 
D) Fair Labor Standards Act overtime requirements do not apply.

Question 20

Direct financial payments include all of the following EXCEPT ________.

Accepted Answer

A) commissions 
B) insurance 
C) salaries 
D) incentives 
A) commissions 
B) insurance 
C) salaries 
D) incentives

Which of the following has historically been the primary issue in collective bargaining?

Jorge worked 6 hours of overtime this week but has decided to take time off instead of overtime pay.How many hours will Jorge receive in time off from work?

What is comparable worth? Discuss the connection between comparable worth and the point method.

When splitting each factor into degrees in the process of creating a market-competitive pay plan,the number of degrees should not exceed two or three in most cases.

Which of the following terms refers to pay in the form of financial benefits,such as insurance?

Basic factors that establish how several jobs compare to one another and that determine the pay for each job are called ________.

The Sarbanes-Oxley Act of 2002 makes board members personally liable for violating their fiduciary responsibilities to their shareholders.

The primary advantage of broadbanding is that it provides greater flexibility with employee assignments.

Supplemental executive retirement plans and supplemental life insurance are classified as ________ in executive compensation packages.

What type of pay plan is being used when workers are paid a sum for each unit they produce?

How is executive pay typically determined? Why are boards of directors tightening down on executive pay in recent years?

According to research,what is the LEAST likely factor that determines CEO pay?

All of the following issues are addressed by the Fair Labor Standards Act EXCEPT ________.

What is the primary disadvantage of traditional grade pay plans?

What is the first step in creating a market-competitive pay plan?

Broadbanding refers to the requirement to pay men and women equal wages for jobs of comparable value to the employer.

Mario,an HR specialist,is conducting a job evaluation.Mario ranks different components of the job,including complexity,experience,and education required,and then adds up the points for each component.Mario is most likely using the ________ method of job evaluation.

Which of the following is true for employers who use independent contractors?

Direct financial payments include all of the following EXCEPT ________.

Managing Human Resources Today

Managing Equal Opportunity and Diversity

Human Resource Strategy and Analysis

Job Analysis and Talent Management

Personnel Planning and Recruiting

Selecting Employees

Training and Developing Employees

Performance and Talent Management

Managing Careers

Pay for Performance and Employee Benefits

Maintaining Positive Employee Relations

Labor Relations and Collective Bargaining

Improving Occupational Safety, Health, and Risk Management

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Exam 10: Developing Compensation Plans

Which of the following has historically been the primary issue in collective bargaining?

Jorge worked 6 hours of overtime this week but has decided to take time off instead of overtime pay.How many hours will Jorge receive in time off from work?

What is comparable worth? Discuss the connection between comparable worth and the point method.

When splitting each factor into degrees in the process of creating a market-competitive pay plan,the number of degrees should not exceed two or three in most cases.

Which of the following terms refers to pay in the form of financial benefits,such as insurance?

Basic factors that establish how several jobs compare to one another and that determine the pay for each job are called ________.

The Sarbanes-Oxley Act of 2002 makes board members personally liable for violating their fiduciary responsibilities to their shareholders.

The primary advantage of broadbanding is that it provides greater flexibility with employee assignments.

Supplemental executive retirement plans and supplemental life insurance are classified as ________ in executive compensation packages.

What type of pay plan is being used when workers are paid a sum for each unit they produce?

How is executive pay typically determined? Why are boards of directors tightening down on executive pay in recent years?

According to research,what is the LEAST likely factor that determines CEO pay?

All of the following issues are addressed by the Fair Labor Standards Act EXCEPT ________.

What is the primary disadvantage of traditional grade pay plans?

What is the first step in creating a market-competitive pay plan?

Broadbanding refers to the requirement to pay men and women equal wages for jobs of comparable value to the employer.

Mario,an HR specialist,is conducting a job evaluation.Mario ranks different components of the job,including complexity,experience,and education required,and then adds up the points for each component.Mario is most likely using the ________ method of job evaluation.

Which of the following is true for employers who use independent contractors?

Direct financial payments include all of the following EXCEPT ________.

Managing Human Resources Today

Managing Equal Opportunity and Diversity

Human Resource Strategy and Analysis

Job Analysis and Talent Management

Personnel Planning and Recruiting

Selecting Employees

Training and Developing Employees

Performance and Talent Management

Managing Careers

Pay for Performance and Employee Benefits

Maintaining Positive Employee Relations

Labor Relations and Collective Bargaining

Improving Occupational Safety, Health, and Risk Management

Filters