Question 1

Clauses found in labor agreements that periodically adjust compensation rates upward to help employees maintain their purchasing power are known as:

Accepted Answer

A)  maintenance clauses. 
B)  escalator clauses. 
C)  roll-up clauses. 
D)  guarantee clauses. 
A)  maintenance clauses. 
B)  escalator clauses. 
C)  roll-up clauses. 
D)  guarantee clauses. B

Question 2

In a 2010 survey of more than 1,000 entrepreneurs,35 percent of all small businesses in the United States had to make pay cuts

Accepted Answer

A)  10 percent 
B)  35 percent 
C)  50 percent 
D)  65 percent 
A)  10 percent 
B)  35 percent 
C)  50 percent 
D)  65 percent B

Question 3

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 
C)  factor comparison method 
D)  job classification system 
A)  Hay profile method 
B)  job ranking 
C)  factor comparison method 
D)  job classification system D

Question 4

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

Accepted Answer

A)  salaried employees. 
B)  hourly employees. 
C)  management employees. 
D)  white-collar employees. 
A)  salaried employees. 
B)  hourly employees. 
C)  management employees. 
D)  white-collar employees.

Question 5

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 6

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

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Briefly discuss the legal requirements of the Fair Labor Standards Act used to regulate employee compensation.

Accepted Answer

The Fair Labor Standards Act (FLSA),also

Question 9

Because of its focus,the Hay profile method is most useful for evaluating which type of jobs?

Accepted Answer

A)  blue-collar jobs 
B)  entry level 
C)  executive and managerial positions 
D)  sets of jobs within a specific wage range 
A)  blue-collar jobs 
B)  entry level 
C)  executive and managerial positions 
D)  sets of jobs within a specific wage range

Question 10

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)  10 percent 
B)  30 percent 
C)  50 percent 
D)  70 percent 
A)  10 percent 
B)  30 percent 
C)  50 percent 
D)  70 percent

Question 11

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 12

The compensation scorecard creates a comparative tool within the organization that can reinforce desired outcomes that are unique to the company's strategy.

Accepted Answer

A) True 
 B)False

Question 13

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 14

A critical concern for a successful pay-for-performance system is the perceived fairness
of the pay decision.

Accepted Answer

A) True 
 B)False

Question 15

Expectancy theory predicts that people expect to be paid as much or more than individuals in a similar job class.

Accepted Answer

A) True 
 B)False

Question 16

The Fair Labor Standards Act permits employers to pay a "training wage" of _____ per hour for employees younger than the age of twenty during their first ninety days of employment,provided their employment does not displace other workers.

Accepted Answer

A)  $5.26 
B)  $5.76 
C)  $6.16 
D)  $6.56 
A)  $5.26 
B)  $5.76 
C)  $6.16 
D)  $6.56

Question 17

Wage survey data will normally be collected with the use of:

Accepted Answer

A)  low-rated jobs. 
B)  key jobs. 
C)  high-rated jobs. 
D)  strategic jobs. 
A)  low-rated jobs. 
B)  key jobs. 
C)  high-rated jobs. 
D)  strategic jobs.

Question 18

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

Accepted Answer

A)  the worth of the job 
B)  the employees' relative worth 
C)  the employer's ability to pay 
D)  the cost of living 
A)  the worth of the job 
B)  the employees' relative worth 
C)  the employer's ability to pay 
D)  the cost of living

Question 19

Managers will group similar jobs into a pay grade in order to help with the setting of wages for all jobs.

Accepted Answer

A) True 
 B)False

Question 20

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

Clauses found in labor agreements that periodically adjust compensation rates upward to help employees maintain their purchasing power are known as:

In a 2010 survey of more than 1,000 entrepreneurs,35 percent of all small businesses in the United States had to make pay cuts

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

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

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

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

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

Briefly discuss the legal requirements of the Fair Labor Standards Act used to regulate employee compensation.

Because of its focus,the Hay profile method is most useful for evaluating which type of jobs?

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

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

The compensation scorecard creates a comparative tool within the organization that can reinforce desired outcomes that are unique to the company's strategy.

An employee's relative worth can be determined by:

A critical concern for a successful pay-for-performance system is the perceived fairness of the pay decision.

Expectancy theory predicts that people expect to be paid as much or more than individuals in a similar job class.

The Fair Labor Standards Act permits employers to pay a "training wage" of _____ per hour for employees younger than the age of twenty during their first ninety days of employment,provided their employment does not displace other workers.

Wage survey data will normally be collected with the use of:

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

Managers will group similar jobs into a pay grade in order to help with the setting of wages for all jobs.

Pay-for-performance programs:

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

Clauses found in labor agreements that periodically adjust compensation rates upward to help employees maintain their purchasing power are known as:

In a 2010 survey of more than 1,000 entrepreneurs,35 percent of all small businesses in the United States had to make pay cuts

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

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

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

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

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

Briefly discuss the legal requirements of the Fair Labor Standards Act used to regulate employee compensation.

Because of its focus,the Hay profile method is most useful for evaluating which type of jobs?

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

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

The compensation scorecard creates a comparative tool within the organization that can reinforce desired outcomes that are unique to the company's strategy.

An employee's relative worth can be determined by:

A critical concern for a successful pay-for-performance system is the perceived fairness of the pay decision.

Expectancy theory predicts that people expect to be paid as much or more than individuals in a similar job class.

The Fair Labor Standards Act permits employers to pay a "training wage" of _____ per hour for employees younger than the age of twenty during their first ninety days of employment,provided their employment does not displace other workers.

Wage survey data will normally be collected with the use of:

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

Managers will group similar jobs into a pay grade in order to help with the setting of wages for all jobs.

Pay-for-performance programs:

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