Question 1

List the steps used in the job ranking method of job evaluation.

Accepted Answer

The steps in the job ranking m

Question 2

Which regulation covers pension plans and requires employers to have written plan documents that establish terms such as eligibility and participation?

Accepted Answer

A)  Employee Retirement Income Security Act (ERIS
A)  
B)  Economic Growth and Tax Relief Conciliation Act 
C)  Newborn Mother's Protection Act 
D)  Health Insurance Portability and Accountability Act 
A)  Employee Retirement Income Security Act (ERIS
A)  
B)  Economic Growth and Tax Relief Conciliation Act 
C)  Newborn Mother's Protection Act 
D)  Health Insurance Portability and Accountability Act

Question 3

Companywide plans in which a corporation contributes shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees are called ________.

Accepted Answer

A)  cash plans 
B)  Jefferson incentive systems 
C)  deferred profit-sharing plans 
D)  employee stock ownership plans 
A)  cash plans 
B)  Jefferson incentive systems 
C)  deferred profit-sharing plans 
D)  employee stock ownership plans

Question 4

Factors that establish how the jobs compare to one another and set the pay for each job are called ________ factors.

Accepted Answer

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

Question 5

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 6

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 7

Which of the following benefits is required by federal or state law?

Accepted Answer

A)  disability insurance 
B)  workers' compensation 
C)  paid time off for vacations and holidays 
D)  pensions 
A)  disability insurance 
B)  workers' compensation 
C)  paid time off for vacations and holidays 
D)  pensions

Question 8

Explain the purpose of sick leave and why sick leave pay causes difficulties for many employers.

Accepted Answer

Sick leave provides pay to employees whe

Question 9

A key advantage of employee stock ownership plans is that the company gets a tax advantage equal to the fair market value of the shares that are transferred to the trustee and can also claim an income tax deduction for dividends paid on ESOP-owned stock.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following occupations must adhere to overtime and minimum pay provisions stated in the Fair Labor Standards Act?

Accepted Answer

A)  paralegals 
B)  pharmacists 
C)  attorneys 
D)  department heads 
A)  paralegals 
B)  pharmacists 
C)  attorneys 
D)  department heads

Question 11

Explain the three classifications that apply to basic pension plans.

Accepted Answer

The three classifications are contributo

Question 12

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

Accepted Answer

A)  base pay 
B)  short-term incentives 
C)  long-term incentives 
D)  executive benefits 
A)  base pay 
B)  short-term incentives 
C)  long-term incentives 
D)  executive benefits

Question 13

According to the Family and Medical Leave Act, eligible employees can take up to ________ weeks of unpaid, job-protected leave for the birth of a child or for the care of a child, spouse, or parent.

Accepted Answer

A)  two 
B)  four 
C)  six 
D)  twelve 
A)  two 
B)  four 
C)  six 
D)  twelve

Question 14

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 15

Which plan uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement?

Accepted Answer

A)  cash plan 
B)  Jefferson incentive system 
C)  deferred profit-sharing plan 
D)  employee stock ownership plan 
A)  cash plan 
B)  Jefferson incentive system 
C)  deferred profit-sharing plan 
D)  employee stock ownership plan

Question 16

The full retirement age according to Social Security for individuals born in 1960 or later is ________.

Accepted Answer

A)  62 
B)  65 
C)  67 
D)  70 
A)  62 
B)  65 
C)  67 
D)  70

Question 17

Which of the following professions is considered "nonexempt" from provisions of the Fair Labor Standards Act?

Accepted Answer

A)  attorney 
B)  physician 
C)  management trainee 
D)  general manager 
A)  attorney 
B)  physician 
C)  management trainee 
D)  general manager

Question 18

________ provides benefits if a person is unable to work through no fault of his or her own.

Accepted Answer

A)  Supplemental pay benefits 
B)  Unemployment insurance 
C)  Retirement 
D)  Health insurance 
A)  Supplemental pay benefits 
B)  Unemployment insurance 
C)  Retirement 
D)  Health insurance

Question 19

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 20

________ refers to all forms of pay or rewards going to employees and arising from their employment.

Accepted Answer

A)  Reimbursement 
B)  Employee compensation 
C)  Salary 
D)  Benefits 
A)  Reimbursement 
B)  Employee compensation 
C)  Salary 
D)  Benefits

List the steps used in the job ranking method of job evaluation.

Which regulation covers pension plans and requires employers to have written plan documents that establish terms such as eligibility and participation?

Companywide plans in which a corporation contributes shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees are called ________.

Factors that establish how the jobs compare to one another and set the pay for each job are called ________ factors.

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.

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

Which of the following benefits is required by federal or state law?

Explain the purpose of sick leave and why sick leave pay causes difficulties for many employers.

A key advantage of employee stock ownership plans is that the company gets a tax advantage equal to the fair market value of the shares that are transferred to the trustee and can also claim an income tax deduction for dividends paid on ESOP-owned stock.

Which of the following occupations must adhere to overtime and minimum pay provisions stated in the Fair Labor Standards Act?

Explain the three classifications that apply to basic pension plans.

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

According to the Family and Medical Leave Act, eligible employees can take up to ________ weeks of unpaid, job-protected leave for the birth of a child or for the care of a child, spouse, or parent.

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

Which plan uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement?

The full retirement age according to Social Security for individuals born in 1960 or later is ________.

Which of the following professions is considered "nonexempt" from provisions of the Fair Labor Standards Act?

________ provides benefits if a person is unable to work through no fault of his or her own.

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?

________ refers to all forms of pay or rewards going to employees and arising from their employment.

Managing Human Resources Today

Managing Equal Opportunity and Diversity

Personnel Planning and Recruiting

Testing and Selecting Employees

Training and Developing Employees

Performance Management and Appraisal

Ethics and Fair Treatment in Human Resource Management

Managing Labor Relations and Collective Bargaining

Protecting Safety and Health

Filters

Exam 7: Compensating Employees

List the steps used in the job ranking method of job evaluation.

Which regulation covers pension plans and requires employers to have written plan documents that establish terms such as eligibility and participation?

Companywide plans in which a corporation contributes shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees are called ________.

Factors that establish how the jobs compare to one another and set the pay for each job are called ________ factors.

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.

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

Which of the following benefits is required by federal or state law?

Explain the purpose of sick leave and why sick leave pay causes difficulties for many employers.

A key advantage of employee stock ownership plans is that the company gets a tax advantage equal to the fair market value of the shares that are transferred to the trustee and can also claim an income tax deduction for dividends paid on ESOP-owned stock.

Which of the following occupations must adhere to overtime and minimum pay provisions stated in the Fair Labor Standards Act?

Explain the three classifications that apply to basic pension plans.

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

According to the Family and Medical Leave Act, eligible employees can take up to ________ weeks of unpaid, job-protected leave for the birth of a child or for the care of a child, spouse, or parent.

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

Which plan uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement?

The full retirement age according to Social Security for individuals born in 1960 or later is ________.

Which of the following professions is considered "nonexempt" from provisions of the Fair Labor Standards Act?

________ provides benefits if a person is unable to work through no fault of his or her own.

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?

________ refers to all forms of pay or rewards going to employees and arising from their employment.

Managing Human Resources Today

Managing Equal Opportunity and Diversity

Personnel Planning and Recruiting

Testing and Selecting Employees

Training and Developing Employees

Performance Management and Appraisal

Ethics and Fair Treatment in Human Resource Management

Managing Labor Relations and Collective Bargaining

Protecting Safety and Health

Filters