Question 1

Job-based compensation:

Accepted Answer

A)  is less appropriate at higher levels in a firm. 
B)  is the most objective of all compensation systems. 
C)  is less bureaucratic and inflexible than other systems. 
D)  has less bias toward women than skill-based compensation systems. 
A)  is less appropriate at higher levels in a firm. 
B)  is the most objective of all compensation systems. 
C)  is less bureaucratic and inflexible than other systems. 
D)  has less bias toward women than skill-based compensation systems.

Question 2

On average,________ of a U.S.employee's pay is variable.

Accepted Answer

A)  5% 
B)  10% 
C)  15% 
D)  20% 
A)  5% 
B)  10% 
C)  15% 
D)  20%

Question 3

Job specifications:

Accepted Answer

A)  require the rating of each position described. 
B)  list all the compensable factors of a particular job. 
C)  consist of worker characteristics necessary for successful performance. 
D)  identify, define, and describe each job in terms of its duties, responsibilities, and working conditions. 
A)  require the rating of each position described. 
B)  list all the compensable factors of a particular job. 
C)  consist of worker characteristics necessary for successful performance. 
D)  identify, define, and describe each job in terms of its duties, responsibilities, and working conditions.

Question 4

The line,"Grade 2,Clerk-Typist,$12.35 hr.," is most likely from a:

Accepted Answer

A)  job-based pay structure. 
B)  skill-based pay structure. 
C)  decentralized pay system. 
D)  knowledge-based pay system. 
A)  job-based pay structure. 
B)  skill-based pay structure. 
C)  decentralized pay system. 
D)  knowledge-based pay system.

Question 5

An emphasis on external equity is most important for:

Accepted Answer

A)  large, global corporations. 
B)  established firms in highly stable markets. 
C)  newer, smaller firms in quickly changing markets. 
D)  privately owned firms in highly competitive industries. 
A)  large, global corporations. 
B)  established firms in highly stable markets. 
C)  newer, smaller firms in quickly changing markets. 
D)  privately owned firms in highly competitive industries.

Question 6

The relative emphasis placed on performance versus membership depends largely on the organization's culture and beliefs of top management.

Accepted Answer

A) True 
 B)False

Question 7

The package of quantifiable rewards an employee receives for his/her labors is called ________.

Accepted Answer

The answer of The package of quantifiable rewards an employee...

Question 8

Below-market compensation is more prevalent at larger companies in less competitive industries.

Accepted Answer

A) True 
 B)False

Question 9

When a work force is highly unionized:

Accepted Answer

A)  compensation decisions are based only on performance. 
B)  managers have more control in compensation decisions. 
C)  workers are likely to disagree with internal and external equity. 
D)  pay is typically subject to negotiation and bargaining requirements. 
A)  compensation decisions are based only on performance. 
B)  managers have more control in compensation decisions. 
C)  workers are likely to disagree with internal and external equity. 
D)  pay is typically subject to negotiation and bargaining requirements.

Question 10

Which of the following is an example of a non-exempt employee?

Accepted Answer

A)  A manager 
B)  A salesperson 
C)  An HRM professional 
D)  An hourly employee on the production line 
A)  A manager 
B)  A salesperson 
C)  An HRM professional 
D)  An hourly employee on the production line

Question 11

As the HR director,you are reviewing the comparability of pay of each employee within a range for particular jobs.You are:

Accepted Answer

A)  applying market survey data. 
B)  rating individual jobs. 
C)  reviewing individual equity. 
D)  conducting a job analysis. 
E)  assessing internal equity. 
A)  applying market survey data. 
B)  rating individual jobs. 
C)  reviewing individual equity. 
D)  conducting a job analysis. 
E)  assessing internal equity.

Question 12

Describe the reasons a company would choose below-market or above-market compensation policy and the advantages and disadvantages of open versus secret pay policies.

Accepted Answer

Summary of suggested answer -
General fa

Question 13

Bobcat International pays a range of salaries for retail workers.Employees can be paid anywhere from $5.50/hr to $8.50/hr.This range of pay is called a:

Accepted Answer

A)  pay grade scale. 
B)  pay range. 
C)  payroll span. 
D)  pay area. 
A)  pay grade scale. 
B)  pay range. 
C)  payroll span. 
D)  pay area.

Question 14

Egalitarian compensation systems are:

Accepted Answer

A)  problematic because of increased tensions between co-workers. 
B)  more common in older businesses with mature products. 
C)  important to developing a more stable work force. 
D)  becoming common in competitive environments. 
A)  problematic because of increased tensions between co-workers. 
B)  more common in older businesses with mature products. 
C)  important to developing a more stable work force. 
D)  becoming common in competitive environments.

Question 15

According to your text,as employees' base pay increases,their:

Accepted Answer

A)  variable pay decreases. 
B)  overall compensation stabilizes. 
C)  nonmonetary compensation decreases. 
D)  overall compensation is more subject to risk. 
A)  variable pay decreases. 
B)  overall compensation stabilizes. 
C)  nonmonetary compensation decreases. 
D)  overall compensation is more subject to risk.

Question 16

Job-based compensation plans focus on the key component of:

Accepted Answer

A)  openness. 
B)  equity. 
C)  motivation. 
D)  job knowledge. 
A)  openness. 
B)  equity. 
C)  motivation. 
D)  job knowledge.

Question 17

Base compensation refers to:

Accepted Answer

A)  health insurance and time off. 
B)  fixed pay received on a regular basis. 
C)  perks determined by status within the company. 
D)  bonuses that underpin the employee's total compensation. 
A)  health insurance and time off. 
B)  fixed pay received on a regular basis. 
C)  perks determined by status within the company. 
D)  bonuses that underpin the employee's total compensation.

Question 18

Job compensation directly affects how much labor costs detract from or contribute to business profitability.

Accepted Answer

A) True 
 B)False

Question 19

Skill-based pay plans pose some risks to the organization,such as:

Accepted Answer

A)  increasing employees' frustration when they hit the top of the pay structure. 
B)  being more subjective and arbitrary than job-based pay plans. 
C)  leading to bias against women and minorities. 
D)  not considering the nature of the business. 
A)  increasing employees' frustration when they hit the top of the pay structure. 
B)  being more subjective and arbitrary than job-based pay plans. 
C)  leading to bias against women and minorities. 
D)  not considering the nature of the business.

Question 20

Kora is reviewing her company's pay structure and sees,"Grade 3,Able to work independently and use WordPerfect software,$14.57 hr." Kora is most likely reviewing a:

Accepted Answer

A)  job-based pay structure. 
B)  skill-based pay structure. 
C)  decentralized pay system. 
D)  knowledge-based pay system. 
A)  job-based pay structure. 
B)  skill-based pay structure. 
C)  decentralized pay system. 
D)  knowledge-based pay system.

Job-based compensation:

On average,________ of a U.S.employee's pay is variable.

Job specifications:

The line,"Grade 2,Clerk-Typist,$12.35 hr.," is most likely from a:

An emphasis on external equity is most important for:

The relative emphasis placed on performance versus membership depends largely on the organization's culture and beliefs of top management.

The package of quantifiable rewards an employee receives for his/her labors is called ________.

Below-market compensation is more prevalent at larger companies in less competitive industries.

When a work force is highly unionized:

Which of the following is an example of a non-exempt employee?

As the HR director,you are reviewing the comparability of pay of each employee within a range for particular jobs.You are:

Describe the reasons a company would choose below-market or above-market compensation policy and the advantages and disadvantages of open versus secret pay policies.

Bobcat International pays a range of salaries for retail workers.Employees can be paid anywhere from $5.50/hr to $8.50/hr.This range of pay is called a:

Egalitarian compensation systems are:

According to your text,as employees' base pay increases,their:

Job-based compensation plans focus on the key component of:

Base compensation refers to:

Job compensation directly affects how much labor costs detract from or contribute to business profitability.

Skill-based pay plans pose some risks to the organization,such as:

Kora is reviewing her company's pay structure and sees,"Grade 3,Able to work independently and use WordPerfect software,$14.57 hr." Kora is most likely reviewing a:

Meeting Present and Emerging Strategic Human Resource Challenges

Managing Work Flows and Conducting Job Analysis

Understanding Equal Opportunity and the Legal Environment

Managing Diversity

Recruiting and Selecting Employees

Managing Employee Separations, Downsizing, and Outplacement

Appraising and Managing Performance

Training the Workforce

Developing Careers

Rewarding Performance

Designing and Administering Benefits

Developing Employee Relations

Respecting Employee Rights and Managing Discipline

Working With Organized Labor

Managing Workplace Safety and Health

International HRM Challenge

Filters

Exam 10: Managing Compensation

Job-based compensation:

On average,________ of a U.S.employee's pay is variable.

Job specifications:

The line,"Grade 2,Clerk-Typist,$12.35 hr.," is most likely from a:

An emphasis on external equity is most important for:

The relative emphasis placed on performance versus membership depends largely on the organization's culture and beliefs of top management.

The package of quantifiable rewards an employee receives for his/her labors is called ________.

Below-market compensation is more prevalent at larger companies in less competitive industries.

When a work force is highly unionized:

Which of the following is an example of a non-exempt employee?

As the HR director,you are reviewing the comparability of pay of each employee within a range for particular jobs.You are:

Describe the reasons a company would choose below-market or above-market compensation policy and the advantages and disadvantages of open versus secret pay policies.

Bobcat International pays a range of salaries for retail workers.Employees can be paid anywhere from $5.50/hr to $8.50/hr.This range of pay is called a:

Egalitarian compensation systems are:

According to your text,as employees' base pay increases,their:

Job-based compensation plans focus on the key component of:

Base compensation refers to:

Job compensation directly affects how much labor costs detract from or contribute to business profitability.

Skill-based pay plans pose some risks to the organization,such as:

Kora is reviewing her company's pay structure and sees,"Grade 3,Able to work independently and use WordPerfect software,$14.57 hr." Kora is most likely reviewing a:

Meeting Present and Emerging Strategic Human Resource Challenges

Managing Work Flows and Conducting Job Analysis

Understanding Equal Opportunity and the Legal Environment

Managing Diversity

Recruiting and Selecting Employees

Managing Employee Separations, Downsizing, and Outplacement

Appraising and Managing Performance

Training the Workforce

Developing Careers

Rewarding Performance

Designing and Administering Benefits

Developing Employee Relations

Respecting Employee Rights and Managing Discipline

Working With Organized Labor

Managing Workplace Safety and Health

International HRM Challenge

Filters