HRM 531 WEEK 2 KNOWLEDGE CHECK A + GRADE

1.
At a comprehensive point of view, a(n) _____ includes anything an employee values and
desires that an employer is able and willing to offer in exchange for employee
contributions.




2.
___________ bridge the gap between organizational objectives and individual
expectations and aspirations.




3.
Reviews of both laboratory and field tests of _____________ are quite consistent.
Individuals tend to follow the equity norm and to use it as a basis for distributing rewards.




4.
In labor economics, __________________ theory holds that unless an employee can
produce a value equal to the value received in wages, it will not be worthwhile to hire that
worker.






5.
Which of the following laws established the first national minimum wage?




6.
The Sarbanes-Oxley Act of 2002 requires that




7.
In the United States, salary discussions among employees are protected under




8.
Open pay systems tend to work best when




9.
Narrowing pay ratios between jobs or pay grades in a firm- pay structure is




10.
Gain sharing plans consist of all EXCEPT which of the following elements:




11.
Which of the following is NOT another name for gain sharing?




12.
One downside of team incentives is that




13.
One strategic issue that should influence the design of benefits is an organization-





14.
Evidence indicates that the perceived value of benefits rises when employers introduce





15.
Which act covers private-sector employees over age 21 enrolled in noncontributory
(100% employer-paid) retirement plans that have 1-year service?




16.
______________cover 128 million workers in the United States.





17.
________________ provides a supplemental, one-time payment when death is
accidental, and it provides a range of benefits when employees become disabled—that is,
when they cannot perform the main functions of their occupations.




In defined-benefit plans, employers promise to pay a stated pension, often
expressed as a percentage of preretirement pay.
The type of private pension plan in which an employer promises to pay a retiree a stated
pension is a



.
19.
What is driving the increasing costs of healthcare?




20.
The gatekeeper in a managed care health insurance plan is the




21.
__________ is not legally required, and, because of unemployment compensation, many
firms do not offer it.