Question 1

The most common cost-of-living adjustments are ____ per hour for each .3-point or .4-point change in the consumer price index (CPI).

Accepted Answer

A) 1 cent 
B) 2 cents 
C) 3 cents 
D) 4 cents 
A) 1 cent 
B) 2 cents 
C) 3 cents 
D) 4 cents

Question 2

Which of the following is NOT a form of pay equity?

Accepted Answer

A) Internal equity 
B) External equity 
C) Collective equity 
D) Individual equity 
A) Internal equity 
B) External equity 
C) Collective equity 
D) Individual equity

Question 3

The relationship between the relative worth of jobs and their wage rates can be represented by means of a:

Accepted Answer

A) regression line. 
B) wage survey. 
C) salary progression chart. 
D) wage curve. 
A) regression line. 
B) wage survey. 
C) salary progression chart. 
D) wage curve.

Question 4

The _____ collects and displays the results for all the measures that a company uses to monitor and compare compensation among internal departments or units.

Accepted Answer

A) red circle rate 
B) competence-based pay system 
C) compensation scorecard 
D) point system 
A) red circle rate 
B) competence-based pay system 
C) compensation scorecard 
D) point system

Question 5

Among the goals of a strategic compensation policy are rewarding past performance,attracting new employees,and reducing turnover.

Accepted Answer

A) True 
 B)False

Question 6

There is reason to believe that pay secrecy can do all of the following EXCEPT:

Accepted Answer

A) generate distrust in the compensation system. 
B) reduce employee motivation. 
C) inhibit organizational effectiveness. 
D) generate feelings of commitment. 
A) generate distrust in the compensation system. 
B) reduce employee motivation. 
C) inhibit organizational effectiveness. 
D) generate feelings of commitment.

Question 7

Strategic compensation is the term used for all the processes used to determine the market rates to pay employees.

Accepted Answer

A) True 
 B)False

Question 8

A point manual can be used to determine the external equity of a job.

Accepted Answer

A) True 
 B)False

Question 9

An employee's relative worth can be determined by:

Accepted Answer

A) job analysis. 
B) labor market conditions. 
C) wage-rate surveys. 
D) an effective performance appraisal system. 
A) job analysis. 
B) labor market conditions. 
C) wage-rate surveys. 
D) an effective performance appraisal system.

Question 10

A Bloomberg National Poll showed that most Americans believe that large bonuses for Wall Street companies that took taxpayer bailouts should be prohibited.

Accepted Answer

A) True 
 B)False

Question 11

Pay secrecy is still prevalent in organizations despite its negative effect on motivation and employee trust.

Accepted Answer

A) True 
 B)False

Question 12

Raising selection standards and hiring better-qualified employees can reduce training costs.

Accepted Answer

A) True 
 B)False

Question 13

Which system of job evaluation is being used when cards that list the duties and responsibilities of the job are arranged by raters in order of the importance of the job?

Accepted Answer

A) Point method 
B) Job ranking 
C) Job grade system 
D) Factor comparison method 
A) Point method 
B) Job ranking 
C) Job grade system 
D) Factor comparison method

Question 14

Under the Fair Labor Standards Act,most of hourly workers involved in interstate commerce are considered nonexempt.

Accepted Answer

A) True 
 B)False

Question 15

_____ encompasses employee wages and salaries,incentives,bonuses,and commissions.

Accepted Answer

A) Nonfinancial compensation 
B) Indirect compensation 
C) Direct compensation 
D) Component compensation 
A) Nonfinancial compensation 
B) Indirect compensation 
C) Direct compensation 
D) Component compensation

Question 16

Exempt employees are not covered by the overtime provisions under the Fair Labor Standards Act.

Accepted Answer

A) True 
 B)False

Question 17

Pay-for-performance programs:

Accepted Answer

A) tie rewards to firm profitability. 
B) are easy to implement and measure. 
C) tie rewards to employee effort. 
D) result in negligible increases in output. 
A) tie rewards to firm profitability. 
B) are easy to implement and measure. 
C) tie rewards to employee effort. 
D) result in negligible increases in output.

Question 18

The Hay profile method is useful for evaluating jobs of all types and levels.

Accepted Answer

A) True 
 B)False

Question 19

The biggest challenge with competence-based pay is:

Accepted Answer

A) encouraging employees to take advantage of it. 
B) reduction in organizational flexibility. 
C) loss of productivity. 
D) developing appropriate measures of skills and competencies. 
A) encouraging employees to take advantage of it. 
B) reduction in organizational flexibility. 
C) loss of productivity. 
D) developing appropriate measures of skills and competencies.

Question 20

When cost-of-living pay increases are given routinely,employees may view them as _____.

Accepted Answer

A) insults 
B) entitlements 
C) highly motivating 
D) long overdue 
A) insults 
B) entitlements 
C) highly motivating 
D) long overdue

The most common cost-of-living adjustments are ____ per hour for each .3-point or .4-point change in the consumer price index (CPI).

Which of the following is NOT a form of pay equity?

The relationship between the relative worth of jobs and their wage rates can be represented by means of a:

The _____ collects and displays the results for all the measures that a company uses to monitor and compare compensation among internal departments or units.

Among the goals of a strategic compensation policy are rewarding past performance,attracting new employees,and reducing turnover.

There is reason to believe that pay secrecy can do all of the following EXCEPT:

Strategic compensation is the term used for all the processes used to determine the market rates to pay employees.

A point manual can be used to determine the external equity of a job.

An employee's relative worth can be determined by:

A Bloomberg National Poll showed that most Americans believe that large bonuses for Wall Street companies that took taxpayer bailouts should be prohibited.

Pay secrecy is still prevalent in organizations despite its negative effect on motivation and employee trust.

Raising selection standards and hiring better-qualified employees can reduce training costs.

Which system of job evaluation is being used when cards that list the duties and responsibilities of the job are arranged by raters in order of the importance of the job?

Under the Fair Labor Standards Act,most of hourly workers involved in interstate commerce are considered nonexempt.

_____ encompasses employee wages and salaries,incentives,bonuses,and commissions.

Exempt employees are not covered by the overtime provisions under the Fair Labor Standards Act.

Pay-for-performance programs:

The Hay profile method is useful for evaluating jobs of all types and levels.

The biggest challenge with competence-based pay is:

When cost-of-living pay increases are given routinely,employees may view them as _____.

The Challenge of Human Resources Management

Strategy and Human Resources Planning

Equal Employment Opportunity and Human Resources Management

Job Analysis and Job Design

Expanding the Talent Pool: Recruitment and Careers

Employee Selection

Training and Development

Performance Management and the Employee Appraisal Process

Pay-For-Performance: Incentive Rewards

Employee Benefits

Promoting Safety and Health

Employee Rights and Discipline

The Dynamics of Labor Relations

International Human Resources Management

Creating High-Performance Work Systems

Filters

Exam 9: Managing Compensation

The most common cost-of-living adjustments are ____ per hour for each .3-point or .4-point change in the consumer price index (CPI).

Which of the following is NOT a form of pay equity?

The relationship between the relative worth of jobs and their wage rates can be represented by means of a:

The _____ collects and displays the results for all the measures that a company uses to monitor and compare compensation among internal departments or units.

Among the goals of a strategic compensation policy are rewarding past performance,attracting new employees,and reducing turnover.

There is reason to believe that pay secrecy can do all of the following EXCEPT:

Strategic compensation is the term used for all the processes used to determine the market rates to pay employees.

A point manual can be used to determine the external equity of a job.

An employee's relative worth can be determined by:

A Bloomberg National Poll showed that most Americans believe that large bonuses for Wall Street companies that took taxpayer bailouts should be prohibited.

Pay secrecy is still prevalent in organizations despite its negative effect on motivation and employee trust.

Raising selection standards and hiring better-qualified employees can reduce training costs.

Which system of job evaluation is being used when cards that list the duties and responsibilities of the job are arranged by raters in order of the importance of the job?

Under the Fair Labor Standards Act,most of hourly workers involved in interstate commerce are considered nonexempt.

_____ encompasses employee wages and salaries,incentives,bonuses,and commissions.

Exempt employees are not covered by the overtime provisions under the Fair Labor Standards Act.

Pay-for-performance programs:

The Hay profile method is useful for evaluating jobs of all types and levels.

The biggest challenge with competence-based pay is:

When cost-of-living pay increases are given routinely,employees may view them as _____.

The Challenge of Human Resources Management

Strategy and Human Resources Planning

Equal Employment Opportunity and Human Resources Management

Job Analysis and Job Design

Expanding the Talent Pool: Recruitment and Careers

Employee Selection

Training and Development

Performance Management and the Employee Appraisal Process

Pay-For-Performance: Incentive Rewards

Employee Benefits

Promoting Safety and Health

Employee Rights and Discipline

The Dynamics of Labor Relations

International Human Resources Management

Creating High-Performance Work Systems

Filters