Question 1

Management of the pay system focuses on cost control and employee perceptions of fairness since they are most important to management.

Accepted Answer

A) True 
 B)False

Question 2

An important criteria for determining the value of research is whether the research is useful.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is not an objective of the pay model?

Accepted Answer

A)  Ethics 
B)  Competitiveness 
C)  Efficiency 
D)  Fairness 
A)  Ethics 
B)  Competitiveness 
C)  Efficiency 
D)  Fairness

Question 4

Employees who want to be sure their good performance will be rewarded will prefer

Accepted Answer

A)  merit pay. 
B)  team incentives. 
C)  individual incentives. 
D)  across-the-board pay increases 
A)  merit pay. 
B)  team incentives. 
C)  individual incentives. 
D)  across-the-board pay increases

Question 5

Employers' annual cost per employee to provide family health care coverage is approximately ______________

Accepted Answer

A)  $5000 
B)  $10000 
C)  $15000 
D)  $20000 
A)  $5000 
B)  $10000 
C)  $15000 
D)  $20000

Question 6

When unemployment increases,the proportion of the population covered by health insurance decreases.

Accepted Answer

A) True 
 B)False

Question 7

The objective of compliance suggests the way a pay decision is made may be as important to employees as the results of that decision.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is not a guideline for determining if research has value?

Accepted Answer

A)  Is the research useful 
B)  Can alternative explanations be ruled out 
C)  Was the research conducted by Ph D researchers 
D)  Is correlation separated from causation 
A)  Is the research useful 
B)  Can alternative explanations be ruled out 
C)  Was the research conducted by Ph D researchers 
D)  Is correlation separated from causation

Question 9

Which of the following decisions answers the "So What" question?

Accepted Answer

A)  Internal alignment 
B)  Employee contributions 
C)  External competitiveness 
D)  Management 
A)  Internal alignment 
B)  Employee contributions 
C)  External competitiveness 
D)  Management

Question 10

(p18)Seniority based,incentive and merit guidelines are components of the ____________ policy.

Accepted Answer

A)  internal alignment 
B)  management 
C)  competitiveness 
D)  management. 
A)  internal alignment 
B)  management 
C)  competitiveness 
D)  management.

Question 11

Employers spend ____ cents for benefits in addition to each dollar of wages or salaries.

Accepted Answer

A)  44 
B)  34 
C)  24 
D)  14 
A)  44 
B)  34 
C)  24 
D)  14

Question 12

Which of the following includes restrictions on executive pay that are designed to discourage executives from taking "unnecessary and excessive risks"?

Accepted Answer

A)  Corporate Welfare Program 
B)  Employee Welfare Program 
C)  Troubled Asset Relief Program 
D)  Corporate Liability Relief Program 
A)  Corporate Welfare Program 
B)  Employee Welfare Program 
C)  Troubled Asset Relief Program 
D)  Corporate Liability Relief Program

Question 13

Costco has higher labor costs than Walmart and Sam's Club.The result is Costco has better performance in all but which of the following?

Accepted Answer

A)  turnover 
B)  profit 
C)  customer satisfaction 
D)  sales/square foot 
A)  turnover 
B)  profit 
C)  customer satisfaction 
D)  sales/square foot

Question 14

36 Sam's Club matches the pay of other similar businesses,Whole Foods uses base pay and team incentives and Medtronic emphasizes work and life balance.These illustrate _____ pay policy choices.

Accepted Answer

A) cost control 
B) internal alignment 
C) contributions 
D) external competitiveness 
A) cost control 
B) internal alignment 
C) contributions 
D) external competitiveness

Question 15

33 (p.22)Which of the following policy choices has the greatest effect on employees' decisions to stay with the organization and to seek additional training and responsibilities?

Accepted Answer

A) External competitiveness 
B) Employee contributions 
C) Internal alignment 
D) Job evaluation 
A) External competitiveness 
B) Employee contributions 
C) Internal alignment 
D) Job evaluation

Question 16

Variable pay may also be called

Accepted Answer

A)  exempt 
B)  non-exempt 
C)  stock options 
D)  incentives 
A)  exempt 
B)  non-exempt 
C)  stock options 
D)  incentives

Question 17

Which of the following is an example of a relational return?

Accepted Answer

A)  Short-term incentives 
B)  Recognition and status 
C)  Work-life balance 
D)  Income protection 
A)  Short-term incentives 
B)  Recognition and status 
C)  Work-life balance 
D)  Income protection

Question 18

Commissions are an example of incentives.

Accepted Answer

A) True 
 B)False

Question 19

The R2 is different form correlation in that it tells us what percentage of the variation is accounted for by the variables we are using to predict or explain.

Accepted Answer

A) True 
 B)False

Question 20

_____ would be most concerned about compensation as a major expense.

Accepted Answer

A)  Managers 
B)  Employees 
C)  Society 
D)  Stockholders 
A)  Managers 
B)  Employees 
C)  Society 
D)  Stockholders

Management of the pay system focuses on cost control and employee perceptions of fairness since they are most important to management.

An important criteria for determining the value of research is whether the research is useful.

Which of the following is not an objective of the pay model?

Employees who want to be sure their good performance will be rewarded will prefer

Employers' annual cost per employee to provide family health care coverage is approximately ______________

When unemployment increases,the proportion of the population covered by health insurance decreases.

The objective of compliance suggests the way a pay decision is made may be as important to employees as the results of that decision.

Which of the following is not a guideline for determining if research has value?

Which of the following decisions answers the "So What" question?

(p18)Seniority based,incentive and merit guidelines are components of the ____________ policy.

Employers spend ____ cents for benefits in addition to each dollar of wages or salaries.

Which of the following includes restrictions on executive pay that are designed to discourage executives from taking "unnecessary and excessive risks"?

Costco has higher labor costs than Walmart and Sam's Club.The result is Costco has better performance in all but which of the following?

36 Sam's Club matches the pay of other similar businesses,Whole Foods uses base pay and team incentives and Medtronic emphasizes work and life balance.These illustrate _____ pay policy choices.

33 (p.22)Which of the following policy choices has the greatest effect on employees' decisions to stay with the organization and to seek additional training and responsibilities?

Variable pay may also be called

Which of the following is an example of a relational return?

Commissions are an example of incentives.

The R² is different form correlation in that it tells us what percentage of the variation is accounted for by the variables we are using to predict or explain.

_____ would be most concerned about compensation as a major expense.

Strategy: The Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, mix, and Pay Structures

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters

Exam 1: The Pay Model

Management of the pay system focuses on cost control and employee perceptions of fairness since they are most important to management.

An important criteria for determining the value of research is whether the research is useful.

Which of the following is not an objective of the pay model?

Employees who want to be sure their good performance will be rewarded will prefer

Employers' annual cost per employee to provide family health care coverage is approximately ______________

When unemployment increases,the proportion of the population covered by health insurance decreases.

The objective of compliance suggests the way a pay decision is made may be as important to employees as the results of that decision.

Which of the following is not a guideline for determining if research has value?

Which of the following decisions answers the "So What" question?

(p18)Seniority based,incentive and merit guidelines are components of the ____________ policy.

Employers spend ____ cents for benefits in addition to each dollar of wages or salaries.

Which of the following includes restrictions on executive pay that are designed to discourage executives from taking "unnecessary and excessive risks"?

Costco has higher labor costs than Walmart and Sam's Club.The result is Costco has better performance in all but which of the following?

36 Sam's Club matches the pay of other similar businesses,Whole Foods uses base pay and team incentives and Medtronic emphasizes work and life balance.These illustrate _____ pay policy choices.

33 (p.22)Which of the following policy choices has the greatest effect on employees' decisions to stay with the organization and to seek additional training and responsibilities?

Variable pay may also be called

Which of the following is an example of a relational return?

Commissions are an example of incentives.

The R2 is different form correlation in that it tells us what percentage of the variation is accounted for by the variables we are using to predict or explain.

_____ would be most concerned about compensation as a major expense.

Strategy: The Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, mix, and Pay Structures

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters

The R² is different form correlation in that it tells us what percentage of the variation is accounted for by the variables we are using to predict or explain.