Exam 11: Pay Structure Decisions

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Which of the following is typically used to measure pay equity?

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A

How does product location impact labor-related factors?

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The labor-related factors that should be considered when deciding where to locate production are (1)instability of country differences in labor costs; (2)the quality and productivity of national labor forces; (3)comparative productivity and unit labor costs; and (4)nonlabor considerations.

Which of the following concepts addresses the fact that different employees in the same job may have different pay rates?

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B

Anne and Matthias are both electricians and active members in their union.Without asking each other,they can assume they make the same amount of money.

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What is skill-based pay,and what are its advantages?

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Lakeisha is in the final stage of the interview process.She has researched what others in the industry make for a similar job and presents the information to the hiring manager.The manager takes this information under consideration when offering the proposed salary.The manager is using the

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Which of the following is a procedure in which an organization compares its own practices against those of the competition?

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Organizations usually develop a market pay policy line based on the key jobs for which there are both job evaluation and market pay survey data available.

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Nonkey jobs are those that are common to many organizations.

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Which of the following is the definition of compensable factors?

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The compa-ratio directly assesses the degree to which actual pay is consistent with the pay policy.

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Job evaluation is a more appropriate tool for internal equity pay comparisons than market pay surveys.

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Broad bands with their greater spread between pay minimums and maximums can lead to rising labor costs.

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A ________ system is composed of compensable factors and a weighting scheme based on the importance of each compensable factor to the organization.

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Which of the following is an example of an equal employment opportunity regulation that prohibits sex- and race-based differences in employment outcomes such as pay,unless justified by business necessity?

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Which of the following is part of the cash compensation offered to employees?

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Which of the following observations is true about the equity theory?

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Jocelyn and Zhane were hired 2 years apart but do the same job.Zhane will make less than Jocelyn because he is a new employee.

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The Davis-Bacon Act covers

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Pay level refers to the relative pay of jobs in an organization.

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