Question 1

What is a drawback associated with the ranking method of job evaluation?

Accepted Answer

A) high costs 
B) subjective aspects 
C) time-consuming 
D) highly complex 
A) high costs 
B) subjective aspects 
C) time-consuming 
D) highly complex

Question 2

Kayla,an HR manager,is in the process of creating a market-competitive pay plan.For an accounting job at the firm,she has assigned the following weights: 70% for job complexity,25% for effort,and 5% for working conditions.What is the next step Kayla must take in the process?

Accepted Answer

A) drawing the internal and external wage curves 
B) converting percentage weights into point values 
C) defining the degree for each compensable factor 
D) reviewing job descriptions and specifications 
A) drawing the internal and external wage curves 
B) converting percentage weights into point values 
C) defining the degree for each compensable factor 
D) reviewing job descriptions and specifications

Question 3

Which job evaluation method is a quantitative technique involving the identification of several compensable factors and the degree to which each of these factors is present in the job?

Accepted Answer

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

Question 4

Which term refers to a compensation plan that includes traditional pay,job design,career development,and recognition?

Accepted Answer

A) point method 
B) total rewards 
C) competency-based pay 
D) talent-management salaries 
A) point method 
B) total rewards 
C) competency-based pay 
D) talent-management salaries

Question 5

Which of the following statements is most likely true about the ranking method of job evaluation?

Accepted Answer

A) Jobs are typically ranked based on the whole job. 
B) Several compensable factors are commonly used to rank jobs. 
C) The ranking method is typically more time consuming than other methods. 
D) Ranking is usually appropriate for large employers because of the method's cost. 
A) Jobs are typically ranked based on the whole job. 
B) Several compensable factors are commonly used to rank jobs. 
C) The ranking method is typically more time consuming than other methods. 
D) Ranking is usually appropriate for large employers because of the method's cost.

Question 6

Competencies are demonstrable characteristics of a person including knowledge,skills,and behaviors.

Accepted Answer

A) True 
 B)False

Question 7

Jill works as a cashier at a grocery store.She earns $10 an hour (or $400 for a 40-hour week).Last week,she worked 46 hours.What is the minimum amount that Jill earned last week?

Accepted Answer

A) $430 
B) $460 
C) $490 
D) $520 
A) $430 
B) $460 
C) $490 
D) $520

Question 8

According to the Fair Labor Standards Act,if a worker covered by the act works more than 40 hours,he or she will receive overtime pay at a rate of ________ of normal pay for any hours worked over 40 in a workweek.

Accepted Answer

A) 50% 
B) 100% 
C) 125% 
D) 150% 
A) 50% 
B) 100% 
C) 125% 
D) 150%

Question 9

Tighter restrictions on what firms pay top executives have been triggered by ________.

Accepted Answer

A) job analysis 
B) ranking methods 
C) publicized demotions 
D) shareholder activism 
A) job analysis 
B) ranking methods 
C) publicized demotions 
D) shareholder activism

Question 10

Jason is an information systems technician in a town in North Carolina with a population of 100,000.He earns $35,000/year.He recently found out that a nearby town with a similar population pays people in the same position $40,000/year.Jason is concerned with the ________ form of equity.

Accepted Answer

A) distributive 
B) procedural 
C) internal 
D) external 
A) distributive 
B) procedural 
C) internal 
D) external

Question 11

What are the similarities and differences between developing compensation plans for professionals and lower-level employees? What role does job evaluation play in each?

Accepted Answer

Developing compensation plans for manage

Question 12

Which of the following best describes the point method of job evaluation?

Accepted Answer

A) comparing the importance of each compensable factor 
B) ranking each job relative to all other jobs based on pay grade 
C) identifying and quantifying the compensable factors present in a job 
D) deciding which jobs have a higher number of compensable factors 
A) comparing the importance of each compensable factor 
B) ranking each job relative to all other jobs based on pay grade 
C) identifying and quantifying the compensable factors present in a job 
D) deciding which jobs have a higher number of compensable factors

Question 13

What is the first step in the ranking method of job evaluation?

Accepted Answer

A) developing class or grade descriptions 
B) selecting and ranking jobs by department 
C) identifying appropriate compensable factors 
D) gathering job information from a job analysis 
A) developing class or grade descriptions 
B) selecting and ranking jobs by department 
C) identifying appropriate compensable factors 
D) gathering job information from a job analysis

Question 14

When nonexempt employees work more than 40 hours per week,employers must pay overtime at a rate of at least one-and-a-half times the normal pay for any hours worked over 40 in a workweek.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following professions is most likely categorized as nonexempt?

Accepted Answer

A) general manager 
B) pharmacist 
C) paralegal 
D) teacher 
A) general manager 
B) pharmacist 
C) paralegal 
D) teacher

Question 16

The ________ states that employees of one sex may not be paid wages at a rate lower than that paid to employees of the opposite sex for doing roughly equivalent work.

Accepted Answer

A) American Disabilities Act 
B) Civil Rights Act 
C) Employer Retirement Income Security Act 
D) Equal Pay Act 
A) American Disabilities Act 
B) Civil Rights Act 
C) Employer Retirement Income Security Act 
D) Equal Pay Act

Question 17

Which of the following most likely indicates the need for job evaluation?

Accepted Answer

A) work stoppages 
B) low turnover rates 
C) vertical promotions 
D) part-time employees 
A) work stoppages 
B) low turnover rates 
C) vertical promotions 
D) part-time employees

Question 18

Which term refers to a series of steps or levels within a pay grade and is usually based on years of service?

Accepted Answer

A) wage grade 
B) pay range 
C) compa ratio 
D) wage curve 
A) wage grade 
B) pay range 
C) compa ratio 
D) wage curve

Question 19

Why would a firm most likely offer executive stock options in a compensation package?

Accepted Answer

A) to offer the executive long-term retirement security 
B) to provide the executive with guaranteed bonuses 
C) to encourage the executive to increase the firm's value 
D) to prevent the executive from negotiating with other firms 
A) to offer the executive long-term retirement security 
B) to provide the executive with guaranteed bonuses 
C) to encourage the executive to increase the firm's value 
D) to prevent the executive from negotiating with other firms

Question 20

After establishing a market-competitive pay plan,an employer realizes that some employees are being underpaid and some are being overpaid.How should these two situations be addressed?

Accepted Answer

For underpaid jobs,the solution is clear

What is a drawback associated with the ranking method of job evaluation?

Kayla,an HR manager,is in the process of creating a market-competitive pay plan.For an accounting job at the firm,she has assigned the following weights: 70% for job complexity,25% for effort,and 5% for working conditions.What is the next step Kayla must take in the process?

Which job evaluation method is a quantitative technique involving the identification of several compensable factors and the degree to which each of these factors is present in the job?

Which term refers to a compensation plan that includes traditional pay,job design,career development,and recognition?

Which of the following statements is most likely true about the ranking method of job evaluation?

Competencies are demonstrable characteristics of a person including knowledge,skills,and behaviors.

Jill works as a cashier at a grocery store.She earns $10 an hour (or $400 for a 40-hour week).Last week,she worked 46 hours.What is the minimum amount that Jill earned last week?

According to the Fair Labor Standards Act,if a worker covered by the act works more than 40 hours,he or she will receive overtime pay at a rate of ________ of normal pay for any hours worked over 40 in a workweek.

Tighter restrictions on what firms pay top executives have been triggered by ________.

Jason is an information systems technician in a town in North Carolina with a population of 100,000.He earns $35,000/year.He recently found out that a nearby town with a similar population pays people in the same position $40,000/year.Jason is concerned with the ________ form of equity.

What are the similarities and differences between developing compensation plans for professionals and lower-level employees? What role does job evaluation play in each?

Which of the following best describes the point method of job evaluation?

What is the first step in the ranking method of job evaluation?

When nonexempt employees work more than 40 hours per week,employers must pay overtime at a rate of at least one-and-a-half times the normal pay for any hours worked over 40 in a workweek.

Which of the following professions is most likely categorized as nonexempt?

The ________ states that employees of one sex may not be paid wages at a rate lower than that paid to employees of the opposite sex for doing roughly equivalent work.

Which of the following most likely indicates the need for job evaluation?

Which term refers to a series of steps or levels within a pay grade and is usually based on years of service?

Why would a firm most likely offer executive stock options in a compensation package?

After establishing a market-competitive pay plan,an employer realizes that some employees are being underpaid and some are being overpaid.How should these two situations be addressed?

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

What is a drawback associated with the ranking method of job evaluation?

Kayla,an HR manager,is in the process of creating a market-competitive pay plan.For an accounting job at the firm,she has assigned the following weights: 70% for job complexity,25% for effort,and 5% for working conditions.What is the next step Kayla must take in the process?

Which job evaluation method is a quantitative technique involving the identification of several compensable factors and the degree to which each of these factors is present in the job?

Which term refers to a compensation plan that includes traditional pay,job design,career development,and recognition?

Which of the following statements is most likely true about the ranking method of job evaluation?

Competencies are demonstrable characteristics of a person including knowledge,skills,and behaviors.

Jill works as a cashier at a grocery store.She earns $10 an hour (or $400 for a 40-hour week).Last week,she worked 46 hours.What is the minimum amount that Jill earned last week?

According to the Fair Labor Standards Act,if a worker covered by the act works more than 40 hours,he or she will receive overtime pay at a rate of ________ of normal pay for any hours worked over 40 in a workweek.

Tighter restrictions on what firms pay top executives have been triggered by ________.

Jason is an information systems technician in a town in North Carolina with a population of 100,000.He earns $35,000/year.He recently found out that a nearby town with a similar population pays people in the same position $40,000/year.Jason is concerned with the ________ form of equity.

What are the similarities and differences between developing compensation plans for professionals and lower-level employees? What role does job evaluation play in each?

Which of the following best describes the point method of job evaluation?

What is the first step in the ranking method of job evaluation?

When nonexempt employees work more than 40 hours per week,employers must pay overtime at a rate of at least one-and-a-half times the normal pay for any hours worked over 40 in a workweek.

Which of the following professions is most likely categorized as nonexempt?

The ________ states that employees of one sex may not be paid wages at a rate lower than that paid to employees of the opposite sex for doing roughly equivalent work.

Which of the following most likely indicates the need for job evaluation?

Which term refers to a series of steps or levels within a pay grade and is usually based on years of service?

Why would a firm most likely offer executive stock options in a compensation package?

After establishing a market-competitive pay plan,an employer realizes that some employees are being underpaid and some are being overpaid.How should these two situations be addressed?

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