Question 1

Plans that put some portion of the employee's weekly pay at risk to encourage goal attainment are called ________ pay plans.

Accepted Answer

A)  at-risk variable 
B)  Rucker 
C)  Improshare 
D)  Scanlon 
A)  at-risk variable 
B)  Rucker 
C)  Improshare 
D)  Scanlon

Question 2

What is the purpose of the wage curve?

Accepted Answer

A)  to show the relationship between the value of the job as determined by one of the job evaluation methods and the current average pay rates for your grades 
B)  to equate jobs of approximately equal difficulty or importance as established by job evaluation 
C)  to assign pay rates to pay grades 
D)  to choose benchmark jobs within each pay grade 
A)  to show the relationship between the value of the job as determined by one of the job evaluation methods and the current average pay rates for your grades 
B)  to equate jobs of approximately equal difficulty or importance as established by job evaluation 
C)  to assign pay rates to pay grades 
D)  to choose benchmark jobs within each pay grade

Question 3

Which of the following factors affects the design of any pay plan?

Accepted Answer

A)  legal 
B)  union 
C)  equity 
D)  All of the above. 
A)  legal 
B)  union 
C)  equity 
D)  All of the above.

Question 4

Which regulation ensures that an employer must grant an employee up to 12 weeks of leave in a twelve-month period for the birth or care of a newborn child, placement of a child for adoption, to care for a spouse, child, or parent with a serious health condition, or to care for the employee's own serious health condition?

Accepted Answer

A)  Family and Medical Leave Act 
B)  Economic Growth and Tax Relief Conciliation Act 
C)  Job Creation and Worker Assistance Act 
D)  Newborn Mother's Protection Act 
E)  Health Insurance Portability and Accountability Act 
A)  Family and Medical Leave Act 
B)  Economic Growth and Tax Relief Conciliation Act 
C)  Job Creation and Worker Assistance Act 
D)  Newborn Mother's Protection Act 
E)  Health Insurance Portability and Accountability Act

Question 5

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 6

The Scanlon plan includes all of the following features except:

Accepted Answer

A)  improving productivity. 
B)  an emphasis on individual achievement. 
C)  sharing. 
D)  financial gains. 
A)  improving productivity. 
B)  an emphasis on individual achievement. 
C)  sharing. 
D)  financial gains.

Question 7

The indirect financial and nonfinancial payments employees receive for continuing employment with the company are called ________.

Accepted Answer

A)  reimbursement 
B)  employee compensation 
C)  salary 
D)  benefits 
A)  reimbursement 
B)  employee compensation 
C)  salary 
D)  benefits

Question 8

About 99% of employers in the United States offer some form of health insurance coverage.

Accepted Answer

A) True 
 B)False

Question 9

Internal equity refers to ________.

Accepted Answer

A)  how a job's pay rate in one company compares the job's pay rate in other companies 
B)  how fair the job's pay rate is, when compared to other jobs within the same company 
C)  the fairness of an individual's pay as compared with what his or her coworkers are earning for the same or very similar jobs within the company, based on each individual's performance 
D)  the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay 
A)  how a job's pay rate in one company compares the job's pay rate in other companies 
B)  how fair the job's pay rate is, when compared to other jobs within the same company 
C)  the fairness of an individual's pay as compared with what his or her coworkers are earning for the same or very similar jobs within the company, based on each individual's performance 
D)  the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay

Question 10

Which form of equity refers to how fair a job's pay rate is, when compared to other jobs within the same company?

Accepted Answer

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

Question 11

How does merit pay differ from a bonus?

Accepted Answer

A)  Merit pay becomes part of an employee's base pay, but a bonus does not. 
B)  A bonus becomes part of an employee's base pay, but merit pay does not. 
C)  Merit pay is linked to individual performance, while a bonus is not. 
D)  A bonus is linked to individual performance, while merit pay is linked to company performance 
A)  Merit pay becomes part of an employee's base pay, but a bonus does not. 
B)  A bonus becomes part of an employee's base pay, but merit pay does not. 
C)  Merit pay is linked to individual performance, while a bonus is not. 
D)  A bonus is linked to individual performance, while merit pay is linked to company performance

Question 12

Workers' compensation benefits can be medical or monetary.

Accepted Answer

A) True 
 B)False

Question 13

The ________ allows a firm to borrow against employee stock held in trust.

Accepted Answer

A)  Fair Labor Standards Act 
B)  Civil Rights Act 
C)  Employer Retirement Income Security Act 
D)  National Labor Relations Act 
A)  Fair Labor Standards Act 
B)  Civil Rights Act 
C)  Employer Retirement Income Security Act 
D)  National Labor Relations Act

Question 14

Explain the three types of benefits provided by Social Security.

Accepted Answer

Social Security provides retirement bene

Question 15

Which law makes it illegal to discriminate against any individual with respect to compensation because of race, color, religion, sex, or national origin?

Accepted Answer

A)  Fair Labor Standards Act 
B)  Civil Rights Act 
C)  Employer Retirement Income Security Act 
D)  Davis-Bacon Act 
A)  Fair Labor Standards Act 
B)  Civil Rights Act 
C)  Employer Retirement Income Security Act 
D)  Davis-Bacon Act

Question 16

Briefly explain how an at-risk variable pay plan works.

Accepted Answer

At-risk variable pay plans are plans tha

Question 17

The American Disabilities Act makes it illegal for employers to discriminate against women by providing benefits of a lower amount or duration for pregnancy, childbirth, or related medical conditions.

Accepted Answer

A) True 
 B)False

Question 18

What are the steps for pricing jobs with a wage curve?

Accepted Answer

First, find the average pay for each pay

Question 19

________ are groups of health care providers that contract with employers, insurance companies, or third-party payers to provide medical care services at a reduced fee.

Accepted Answer

A)  PPOs 
B)  HMOs 
C)  DMOs 
D)  Hospitals 
A)  PPOs 
B)  HMOs 
C)  DMOs 
D)  Hospitals

Question 20

All of the following occupations are exempt from the overtime provisions stated in the Fair Labor Standards Act except:

Accepted Answer

A)  physicians. 
B)  dentists. 
C)  management trainees. 
D)  teachers. 
A)  physicians. 
B)  dentists. 
C)  management trainees. 
D)  teachers.

Plans that put some portion of the employee's weekly pay at risk to encourage goal attainment are called ________ pay plans.

What is the purpose of the wage curve?

Which of the following factors affects the design of any pay plan?

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.

The Scanlon plan includes all of the following features except:

The indirect financial and nonfinancial payments employees receive for continuing employment with the company are called ________.

About 99% of employers in the United States offer some form of health insurance coverage.

Internal equity refers to ________.

Which form of equity refers to how fair a job's pay rate is, when compared to other jobs within the same company?

How does merit pay differ from a bonus?

Workers' compensation benefits can be medical or monetary.

The ________ allows a firm to borrow against employee stock held in trust.

Explain the three types of benefits provided by Social Security.

Which law makes it illegal to discriminate against any individual with respect to compensation because of race, color, religion, sex, or national origin?

Briefly explain how an at-risk variable pay plan works.

The American Disabilities Act makes it illegal for employers to discriminate against women by providing benefits of a lower amount or duration for pregnancy, childbirth, or related medical conditions.

What are the steps for pricing jobs with a wage curve?

________ are groups of health care providers that contract with employers, insurance companies, or third-party payers to provide medical care services at a reduced fee.

All of the following occupations are exempt from the overtime provisions stated in the Fair Labor Standards Act except:

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

Plans that put some portion of the employee's weekly pay at risk to encourage goal attainment are called ________ pay plans.

What is the purpose of the wage curve?

Which of the following factors affects the design of any pay plan?

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.

The Scanlon plan includes all of the following features except:

The indirect financial and nonfinancial payments employees receive for continuing employment with the company are called ________.

About 99% of employers in the United States offer some form of health insurance coverage.

Internal equity refers to ________.

Which form of equity refers to how fair a job's pay rate is, when compared to other jobs within the same company?

How does merit pay differ from a bonus?

Workers' compensation benefits can be medical or monetary.

The ________ allows a firm to borrow against employee stock held in trust.

Explain the three types of benefits provided by Social Security.

Which law makes it illegal to discriminate against any individual with respect to compensation because of race, color, religion, sex, or national origin?

Briefly explain how an at-risk variable pay plan works.

The American Disabilities Act makes it illegal for employers to discriminate against women by providing benefits of a lower amount or duration for pregnancy, childbirth, or related medical conditions.

What are the steps for pricing jobs with a wage curve?

________ are groups of health care providers that contract with employers, insurance companies, or third-party payers to provide medical care services at a reduced fee.

All of the following occupations are exempt from the overtime provisions stated in the Fair Labor Standards Act except:

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