Question 1

________ refers to a general slowdown in economic activity.

Accepted Answer

Economic recession

Question 2

________ is a situation in which a worker possesses more qualifications,skill,and education than is required by his/her existing job.

Accepted Answer

Malemployment

Question 3

During which period did the so-called Great Recession occur?

Accepted Answer

A)  February 2005 to July 2008
B)  December 2008 to January 2010
C)  April 2007 to December 2009
D)  December 2007 to June 2009 D

Question 4

Companies promote profits,in part,by holding down employees' ________.

Accepted Answer

The answer of Companies promote profits,in part,by holding down employees'...

Question 5

Jane holds a doctoral degree in sociology and works as a taxi driver.Which of the following best describes this situation?

Accepted Answer

A)  malemployment
B)  overstaffing
C)  discrimination
D)  unemployment

Question 6

One study about the minimum wage in particular cities concluded which of the following?

Accepted Answer

A)  Those cities suffered job losses in both the retail and food service industries.
B)  Those cities suffered job losses in the retail industry, but not in the food service industry.
C)  Those cities didn't suffer job losses among low-wage restaurant workers.
D)  Those cities didn't suffer job losses at any job level.

Question 7

Robert prefers to work full-time as a business analyst,but he is forced to work part-time for economic reasons because he is unable to find a full-time job.Which of the following best describes this situation?

Accepted Answer

A)  underemployment
B)  malemployment
C)  underutilization
D)  discrimination

Question 8

The Chinese central government is creating pressure throughout the wage structure because

Accepted Answer

A)  it is trying to increase Chinese citizens' ability to purchase imported products.
B)  it has raised minimum wage rates multiple times.
C)  it has frozen minimum wage rates.
D)  it has relaxed the one-child policy.

Question 9

Offering relevant employee benefits can lead to which of the following outcomes?

Accepted Answer

A)  higher return on investment
B)  overutilization of employee benefits
C)  lower workforce diversity
D)  lower hourly wage rates

Question 10

Which of the following is NOT one of the direct or indirect reasons of rising wages in China?

Accepted Answer

A)  Chinese policy makers' support of increased wages
B)  one-child policy
C)  labor shortages
D)  increasing cost of exports

Question 11

The gap between productivity and real hourly compensation was the highest during which of the following periods?

Accepted Answer

A)  1947-1973
B)  1979-1990
C)  1990-2000
D)  2000-2011

Question 12

Which is believed to be one of the reasons for President Obama's call to increase the overtime pay threshold?

Accepted Answer

A)  Companies believe that increasing the overtime pay threshold will promote competitive advantage.
B)  Labor unions have threatened to strike.
C)  New York and California have already set thresholds that are higher than the federal level (as of July 2015) .
D)  Raising the threshold will directly lead to a lower unionization rate in the private sector.

Question 13

________ is a situation in which a worker is forced to work part-time due to economic situations although she/he is willing to work full-time.

Accepted Answer

The answer of ________ is a situation in which a...

Question 14

What are some of the issues associated with rising wages in China?

Accepted Answer

The answer of What are some of the issues associated...

Question 15

Which one of the following is NOT considered a long-term implication of underemployment?

Accepted Answer

A)  a slowdown in the economic recovery from recession
B)  higher spending by companies
C)  reduced consumption of goods and services
D)  reduced business production

Question 16

Which one of the following factors has contributed to China's labor shortage?

Accepted Answer

A)  approximately 30 years of the one-child policy
B)  mass emigration of Chinese citizens to various other countries
C)  increases to minimum wage rates
D)  imposed limit on the number of individuals who can work per family

Question 17

Since the 1970s,________ has lagged behind labor productivity growth.

Accepted Answer

The answer of Since the 1970s,________ has lagged behind labor...

Question 18

Discuss two possible unintended consequences of raising the salary threshold to qualify for overtime pay.

Accepted Answer

The answer of Discuss two possible unintended consequences of raising...

Question 19

Which of the following Asian countries has the highest average pay rate?

Accepted Answer

A)  Vietnam
B)  China
C)  Indonesia
D)  Bangladesh

Question 20

Differences in employee preferences and needs based on life stage and life circumstances call for which of the following?

Accepted Answer

A)  comprehensive health insurance plans
B)  generous paid vacation allowances
C)  flexible benefits
D)  child care benefits

Exam 15: Challenges Facing Compensation Professionals