Question 1

The Hay profile method uses which three factors for evaluating jobs?

Accepted Answer

A) Knowledge, skill, and responsibility 
B) Responsibility, mental ability, and skill 
C) Responsibility, knowledge, and mental ability 
D) Knowledge, accountability, and mental ability 
A) Knowledge, skill, and responsibility 
B) Responsibility, mental ability, and skill 
C) Responsibility, knowledge, and mental ability 
D) Knowledge, accountability, and mental ability

Question 2

In conducting a wage and salary survey for office personnel,the relevant labor market to be surveyed is most likely:

Accepted Answer

A) regional. 
B) local. 
C) national. 
D) international 
A) regional. 
B) local. 
C) national. 
D) international

Question 3

Compensation programs that compensate employees for the knowledge they possess are known as:

Accepted Answer

A) competence-based pay plans. 
B) performance-based pay plans. 
C) merit-based pay plans. 
D) seniority-based pay plans. 
A) competence-based pay plans. 
B) performance-based pay plans. 
C) merit-based pay plans. 
D) seniority-based pay plans.

Question 4

The federal wage law that may require government contractors to pay overtime for work more than eight hours a day is:

Accepted Answer

A) Equal Pay Act. 
B) Davis-Bacon Act. 
C) Fair Labor Standards Act. 
D) Walsh-Healy Act. 
A) Equal Pay Act. 
B) Davis-Bacon Act. 
C) Fair Labor Standards Act. 
D) Walsh-Healy Act.

Question 5

The three factors that constitute the evaluation in the Hay profile method are knowledge,mental activity,and accountability.

Accepted Answer

A) True 
 B)False

Question 6

Which is the simplest and oldest method of job evaluation?

Accepted Answer

A) Job worth system 
B) Job ranking system 
C) Job grade system 
D) Point system 
A) Job worth system 
B) Job ranking system 
C) Job grade system 
D) Point system

Question 7

In ____,employees are paid according to the number of units they produce.

Accepted Answer

A) hourly work 
B) piecework 
C) commission 
D) production work 
A) hourly work 
B) piecework 
C) commission 
D) production work

Question 8

A compensation scorecard can cloud the transparency of how people are rewarded and makes managers responsible for how they spend company money.

Accepted Answer

A) True 
 B)False

Question 9

Red circle rates are above the maximum for the pay range and are often frozen until the range shifts upward through market wage adjustments.

Accepted Answer

A) True 
 B)False

Question 10

For real wages to increase,which of the following must be true?

Accepted Answer

A) An employee's wage increase must be greater than the increase in the consumer price index (CPI). 
B) An employee must receive a lump-sum wage increase equal to the increase in the consumer price index (CPI). 
C) An employee's wage must simply increase with out the influence of consumer price index (CPI). 
D) The consumer price index (CPI) must increase at least as much as the employee's wage. 
A) An employee's wage increase must be greater than the increase in the consumer price index (CPI). 
B) An employee must receive a lump-sum wage increase equal to the increase in the consumer price index (CPI). 
C) An employee's wage must simply increase with out the influence of consumer price index (CPI). 
D) The consumer price index (CPI) must increase at least as much as the employee's wage.

Question 11

Elements of the compensation package are said to have _____ when an employee's high performance leads to monetary rewards that are valued.

Accepted Answer

A) validity 
B) consistency 
C) instrumentality 
D) reliability 
A) validity 
B) consistency 
C) instrumentality 
D) reliability

Question 12

Real wages represent the difference between wage increases and cost-of-living increases.

Accepted Answer

A) True 
 B)False

Question 13

Job ranking is a simple method that provides a precise measure of each job's worth.

Accepted Answer

A) True 
 B)False

Question 14

A Bloomberg National Poll showed that more than _____ of Americans thought big bonuses should be banned for Wall Street companies that took taxpayer bailouts.

Accepted Answer

A) 90 percent 
B) 80 percent 
C) 85 percent 
D) 70 percent 
A) 90 percent 
B) 80 percent 
C) 85 percent 
D) 70 percent

Question 15

Collapsing many salary grades into a few wide salary bands is known as:

Accepted Answer

A) red circling. 
B) broadbanding. 
C) pay ranging. 
D) factor comparison. 
A) red circling. 
B) broadbanding. 
C) pay ranging. 
D) factor comparison.

Question 16

Instrumentality refers to:

Accepted Answer

A) wage rates of acceptable level. 
B) development of both internal and external pay equity. 
C) wage rates above the pay range maximum. 
D) rewards that are valued and motivate employees. 
A) wage rates of acceptable level. 
B) development of both internal and external pay equity. 
C) wage rates above the pay range maximum. 
D) rewards that are valued and motivate employees.

Question 17

Managers in companies with compensation scorecards often struggle to know if the promotions,raises,bonuses,and pay adjustments they make are in line with the rest of the organization and its strategy.

Accepted Answer

A) True 
 B)False

Question 18

_____ may create problems for managers who wish to maintain pay secrecy among employees.

Accepted Answer

A) NASDAQ information 
B) Internet salary survey data 
C) FLSA requirements 
D) Davis-Bacon standards 
A) NASDAQ information 
B) Internet salary survey data 
C) FLSA requirements 
D) Davis-Bacon standards

Question 19

Using the point method of job evaluation requires that managers:

Accepted Answer

A) employ either a standardized program or customize a point method to fit their particular jobs. 
B) compare the job descriptions against the various factor-degree descriptions. 
C) link point totals to the wage curve. 
D) rank jobs by compensable factors. 
A) employ either a standardized program or customize a point method to fit their particular jobs. 
B) compare the job descriptions against the various factor-degree descriptions. 
C) link point totals to the wage curve. 
D) rank jobs by compensable factors.

Question 20

Rewarding an employee's past performance is not a goal of a strategic compensation policy.

Accepted Answer

A) True 
 B)False

The Hay profile method uses which three factors for evaluating jobs?

In conducting a wage and salary survey for office personnel,the relevant labor market to be surveyed is most likely:

Compensation programs that compensate employees for the knowledge they possess are known as:

The federal wage law that may require government contractors to pay overtime for work more than eight hours a day is:

The three factors that constitute the evaluation in the Hay profile method are knowledge,mental activity,and accountability.

Which is the simplest and oldest method of job evaluation?

In ____,employees are paid according to the number of units they produce.

A compensation scorecard can cloud the transparency of how people are rewarded and makes managers responsible for how they spend company money.

Red circle rates are above the maximum for the pay range and are often frozen until the range shifts upward through market wage adjustments.

For real wages to increase,which of the following must be true?

Elements of the compensation package are said to have _____ when an employee's high performance leads to monetary rewards that are valued.

Real wages represent the difference between wage increases and cost-of-living increases.

Job ranking is a simple method that provides a precise measure of each job's worth.

A Bloomberg National Poll showed that more than _____ of Americans thought big bonuses should be banned for Wall Street companies that took taxpayer bailouts.

Collapsing many salary grades into a few wide salary bands is known as:

Instrumentality refers to:

Managers in companies with compensation scorecards often struggle to know if the promotions,raises,bonuses,and pay adjustments they make are in line with the rest of the organization and its strategy.

_____ may create problems for managers who wish to maintain pay secrecy among employees.

Using the point method of job evaluation requires that managers:

Rewarding an employee's past performance is not a goal of a strategic compensation policy.

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 Hay profile method uses which three factors for evaluating jobs?

In conducting a wage and salary survey for office personnel,the relevant labor market to be surveyed is most likely:

Compensation programs that compensate employees for the knowledge they possess are known as:

The federal wage law that may require government contractors to pay overtime for work more than eight hours a day is:

The three factors that constitute the evaluation in the Hay profile method are knowledge,mental activity,and accountability.

Which is the simplest and oldest method of job evaluation?

In ____,employees are paid according to the number of units they produce.

A compensation scorecard can cloud the transparency of how people are rewarded and makes managers responsible for how they spend company money.

Red circle rates are above the maximum for the pay range and are often frozen until the range shifts upward through market wage adjustments.

For real wages to increase,which of the following must be true?

Elements of the compensation package are said to have _____ when an employee's high performance leads to monetary rewards that are valued.

Real wages represent the difference between wage increases and cost-of-living increases.

Job ranking is a simple method that provides a precise measure of each job's worth.

A Bloomberg National Poll showed that more than _____ of Americans thought big bonuses should be banned for Wall Street companies that took taxpayer bailouts.

Collapsing many salary grades into a few wide salary bands is known as:

Instrumentality refers to:

Managers in companies with compensation scorecards often struggle to know if the promotions,raises,bonuses,and pay adjustments they make are in line with the rest of the organization and its strategy.

_____ may create problems for managers who wish to maintain pay secrecy among employees.

Using the point method of job evaluation requires that managers:

Rewarding an employee's past performance is not a goal of a strategic compensation policy.

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