Question 1

The job evaluation system that seeks to measure a job's worth through its value to the organization is known as the:

Accepted Answer

A) point method. 
B) job ranking system. 
C) work valuation system. 
D) Hay profile method. 
A) point method. 
B) job ranking system. 
C) work valuation system. 
D) Hay profile method.

Question 2

The relative worth of a job evaluated using the point manual is determined by:

Accepted Answer

A) benchmark jobs contained in the point manual. 
B) the wage mix. 
C) the number of steps within the pay grade. 
D) the total points that have been assigned to that job. 
A) benchmark jobs contained in the point manual. 
B) the wage mix. 
C) the number of steps within the pay grade. 
D) the total points that have been assigned to that job.

Question 3

Which of the following is NOT an internal factor affecting the pay mix?

Accepted Answer

A) Worth of job 
B) Cost of living 
C) Employer's ability to pay 
D) Employee's relative worth 
A) Worth of job 
B) Cost of living 
C) Employer's ability to pay 
D) Employee's relative worth

Question 4

​Companies are more heavily scrutinized than they have been historically by shareholders,government,and the public for how much they pay their people.

Accepted Answer

A) True 
 B)False

Question 5

Broadbanding refers to collapsing of many traditional salary grades into a few wide salary bands.

Accepted Answer

A) True 
 B)False

Question 6

The wage curve represents the wages paid to jobs after adjustment for cost-of-living.

Accepted Answer

A) True 
 B)False

Question 7

One of the basis for compensation centers on whether employees are classified as nonexempt or exempt under the _____.

Accepted Answer

A) Equal Pay Act 
B) Fair Labor Standards Act 
C) Taft-Hartley Act 
D) Employment Classification Act 
A) Equal Pay Act 
B) Fair Labor Standards Act 
C) Taft-Hartley Act 
D) Employment Classification Act

Question 8

The worth of a job,as it is determined by its comparative worth with jobs in other firms,is an external factor in the wage mix.

Accepted Answer

A) True 
 B)False

Question 9

The fact that people make comparisons to others is central to:

Accepted Answer

A) expectancy theory. 
B) the need for pay secrecy. 
C) pay-for-performance programs. 
D) equity theory. 
A) expectancy theory. 
B) the need for pay secrecy. 
C) pay-for-performance programs. 
D) equity theory.

Question 10

Which system of job evaluation is being used when jobs are classified according to a series of predetermined wage grades?

Accepted Answer

A) Hay profile method 
B) Job ranking system 
C) Factor comparison method 
D) Job classification system 
A) Hay profile method 
B) Job ranking system 
C) Factor comparison method 
D) Job classification system

Question 11

Employers wishing to encourage employees to accept a promotion to a job in a higher grade would:

Accepted Answer

A) increase the size of successive rate ranges. 
B) increase the point spread of pay grades. 
C) decrease the size of successive rate ranges. 
D) decrease the point spread of pay grades. 
A) increase the size of successive rate ranges. 
B) increase the point spread of pay grades. 
C) decrease the size of successive rate ranges. 
D) decrease the point spread of pay grades.

Question 12

Indirect compensation includes healthcare benefits and commissions.​

Accepted Answer

A) True 
 B)False

Question 13

The measure of the average change in prices over time in a fixed "market basket" of goods and services is known as:

Accepted Answer

A) cost-of-living allowance. 
B) cost-of-living adjustment. 
C) the consumer price index. 
D) the inflation index. 
A) cost-of-living allowance. 
B) cost-of-living adjustment. 
C) the consumer price index. 
D) the inflation index.

Question 14

​Strategic compensation is the compensation of employees in ways that enhance motivation and growth while concurrently aligning their efforts with the goals of the organization.

Accepted Answer

A) True 
 B)False

Question 15

The consumer price index tracks the change in price over time of a "market basket" of goods and services.

Accepted Answer

A) True 
 B)False

Question 16

The area from which employers obtain certain types of workers is known as the:

Accepted Answer

A) labor market. 
B) region. 
C) recruiting area. 
D) supply region. 
A) labor market. 
B) region. 
C) recruiting area. 
D) supply region.

Question 17

A U.S.survey found that _____ of employees say they work in a place where discussions of pay are "formally prohibited and/or employees caught discussing wages could be punished."

Accepted Answer

A) 19 percent 
B) 38 percent 
C) 57 percent 
D) 76 percent 
A) 19 percent 
B) 38 percent 
C) 57 percent 
D) 76 percent

Question 18

A formal statement of compensation policy would typically include the rate of pay within the organization and whether it is to be above,below,or at the prevailing market rate.

Accepted Answer

A) True 
 B)False

Question 19

The Fair Labor Standards Act prohibits the employment of those between the ages of _____ in hazardous occupations such as mining,logging,and meatpacking.

Accepted Answer

A) 14 and 21 
B) 16 and 18 
C) 16 and 21 
D) 18 and 21 
A) 14 and 21 
B) 16 and 18 
C) 16 and 21 
D) 18 and 21

Question 20

Which of the following is NOT a component of the Consumer Price Index?

Accepted Answer

A) Clothing 
B) Automobiles 
C) Charges for medical services 
D) Transportation fares 
A) Clothing 
B) Automobiles 
C) Charges for medical services 
D) Transportation fares

The job evaluation system that seeks to measure a job's worth through its value to the organization is known as the:

The relative worth of a job evaluated using the point manual is determined by:

Which of the following is NOT an internal factor affecting the pay mix?

Companies are more heavily scrutinized than they have been historically by shareholders,government,and the public for how much they pay their people.

Broadbanding refers to collapsing of many traditional salary grades into a few wide salary bands.

The wage curve represents the wages paid to jobs after adjustment for cost-of-living.

One of the basis for compensation centers on whether employees are classified as nonexempt or exempt under the _____.

The worth of a job,as it is determined by its comparative worth with jobs in other firms,is an external factor in the wage mix.

The fact that people make comparisons to others is central to:

Which system of job evaluation is being used when jobs are classified according to a series of predetermined wage grades?

Employers wishing to encourage employees to accept a promotion to a job in a higher grade would:

Indirect compensation includes healthcare benefits and commissions.

The measure of the average change in prices over time in a fixed "market basket" of goods and services is known as:

Strategic compensation is the compensation of employees in ways that enhance motivation and growth while concurrently aligning their efforts with the goals of the organization.

The consumer price index tracks the change in price over time of a "market basket" of goods and services.

The area from which employers obtain certain types of workers is known as the:

A U.S.survey found that _____ of employees say they work in a place where discussions of pay are "formally prohibited and/or employees caught discussing wages could be punished."

A formal statement of compensation policy would typically include the rate of pay within the organization and whether it is to be above,below,or at the prevailing market rate.

The Fair Labor Standards Act prohibits the employment of those between the ages of _____ in hazardous occupations such as mining,logging,and meatpacking.

Which of the following is NOT a component of the Consumer Price Index?

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 job evaluation system that seeks to measure a job's worth through its value to the organization is known as the:

The relative worth of a job evaluated using the point manual is determined by:

Which of the following is NOT an internal factor affecting the pay mix?

​Companies are more heavily scrutinized than they have been historically by shareholders,government,and the public for how much they pay their people.

Broadbanding refers to collapsing of many traditional salary grades into a few wide salary bands.

The wage curve represents the wages paid to jobs after adjustment for cost-of-living.

One of the basis for compensation centers on whether employees are classified as nonexempt or exempt under the _____.

The worth of a job,as it is determined by its comparative worth with jobs in other firms,is an external factor in the wage mix.

The fact that people make comparisons to others is central to:

Which system of job evaluation is being used when jobs are classified according to a series of predetermined wage grades?

Employers wishing to encourage employees to accept a promotion to a job in a higher grade would:

Indirect compensation includes healthcare benefits and commissions.​

The measure of the average change in prices over time in a fixed "market basket" of goods and services is known as:

​Strategic compensation is the compensation of employees in ways that enhance motivation and growth while concurrently aligning their efforts with the goals of the organization.

The consumer price index tracks the change in price over time of a "market basket" of goods and services.

The area from which employers obtain certain types of workers is known as the:

A U.S.survey found that _____ of employees say they work in a place where discussions of pay are "formally prohibited and/or employees caught discussing wages could be punished."

A formal statement of compensation policy would typically include the rate of pay within the organization and whether it is to be above,below,or at the prevailing market rate.

The Fair Labor Standards Act prohibits the employment of those between the ages of _____ in hazardous occupations such as mining,logging,and meatpacking.

Which of the following is NOT a component of the Consumer Price Index?

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

Companies are more heavily scrutinized than they have been historically by shareholders,government,and the public for how much they pay their people.

Indirect compensation includes healthcare benefits and commissions.

Strategic compensation is the compensation of employees in ways that enhance motivation and growth while concurrently aligning their efforts with the goals of the organization.