Exam 9: Managing Compensation

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Wages paid above the range maximum are called blue square rates.

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False

The elements of a job such as skills,efforts,responsibilities,and working conditions are referred to as:

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C

The federal wage law that is criticized for a rule that allows minimum pay to be based on the prevailing rate,which often includes higher union wages is:

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B

If rates of pay are high,which creates a large applicant pool,then organizations may choose to raise their selection standards.

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Which of the following is NOT a common goal of a strategic compensation policy?

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Under the Fair Labor Standards Act (FLSA),an employer must pay an employee for whatever work the employer "suffers or permits" the employee to ​perform,even if the work is done away from the workplace and even if it is not specifically expected or requested.

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With respect to pay equity,which of the following is NOT considered an input?

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Which of the following is an internal factor that can influence the rates at which employees are paid?

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Employees who are compensated on an hourly basis are referred to as salary earners.

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Wages of unionized employees are generally higher than those of nonunion employees.

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The predominant approach to employee compensation is:

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Under the Fair Labor Standards Act,exempt employees:

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An advantage of published wage surveys is compatibility with the organization's jobs.

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American President Obama enacted a five-year freeze on federal salaries to help the government achieve its objectives of reducing the deficit.

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Which of the following is an external factor that can influence the rates at which employees are paid?

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The point system of job evaluation permits jobs to be evaluated quantitatively based on compensable factors.

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Employers refer to the area from which they obtain certain types of workers as the labor market.

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Steps within a rate range allow pay increases based on merit or seniority.

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Compensable factors include skills,efforts,responsibilities,and working conditions.

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Employees whose compensation is calculated on the basis of weekly,biweekly,or monthly periods are classified as:

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