Exam 10: Compensation: An Overview

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Which of the following is not a provision within the Fair Labor Standards Act?

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If an hourly worker is called to work,he/she must paid for a minimum number of hours (typically at least two hours).

(True/False)
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A factor comparison scale is used to compare five universal job factors.Identify these five factors.

(Essay)
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The clearest indication of worker satisfaction may be patterns of absenteeism and ___________.

(Multiple Choice)
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The first profit sharing plan in the United States was established in ________.

(Multiple Choice)
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Pay for a particular position should be set relative to all of the following groups except:

(Multiple Choice)
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The FLSA forbids employing minors under the age of 14 in ______________.

(Multiple Choice)
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Patton suggests that in a compensation plan there are seven criteria for effectiveness.The first is that compensation should be adequate.What are the remaining six criteria?

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According to the FLSA,child labor is any economic activity performed by an individual under ___ years of age.

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The factor comparison method,originated by Eugene Benge,considers ____ universal job factors.

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Frederick Taylor urged managers to learn to design jobs properly and then link pay directly to:

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The term comparable worth __________.

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Why did early economists feel that wages should be kept at a subsistence level?

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The pay level is decided by managers who compare the pay of people working inside the organization with those outside it.

(True/False)
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The Code of Hammurabi,from the 18th century,documents the use of _______________.

(Multiple Choice)
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The ____________ requires employers who have contracts with the federal government of $2,500 per year or more,or who provide services to federal agencies as contractors or subcontractors,to pay prevailing wages and fringe benefits to their employees.

(Multiple Choice)
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At least 3,500 scholarly articles have been written about pay satisfaction,so it is easy to find convincing evidence that workers' satisfaction leads to increased productivity.

(True/False)
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Why do some managers believe that paying higher wages and salaries is the best policy in the long term?

(Essay)
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When filing a claim under the Equal Pay Act,all the plaintiff has to do is to prove that _____ making more for doing the same job.

(Multiple Choice)
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Compensation should be _____________.

(Multiple Choice)
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