Question Details

HRM 531
WEEK 2
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.
A. competency-based pay system
B. employee stock ownership plan
C. organizational reward system
D. merit-pay method
___________ bridge the gap between organizational objectives and individual
expectations and aspirations.
A. Financial systems
B. Corporate compensation systems
C. Employment practices
D. Rewards
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.
A. equity theory
B. the external labor market
C. organizational needs
D. the internal labor market
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.
A. the marginal productivity
B. the percent of company offerings
C. the willingness to reduce the size of the workforce
D. the concern with pay for position
5.
Which of the following laws established the first national minimum wage?
A. Davis-Bacon Act (1931)
B. Fair Labor Standards Act (1938)
C. Walsh-Healey Act (1936)
D. McNamara-O'Hara Service Contract Act (1965)
The Sarbanes-Oxley Act of 2002 requires that
A. companies can seek repayment for incentives paid that
were later found to be materially inaccurate
B. the Securities and Exchange Commission meet annually
to discuss bonuses
C. the minimum wage change each year
D. executives cannot retain bonuses or profits from selling
company stock if they mislead the public about the
financial health of the company
In the United States, salary discussions among employees are protected under
A. the Equal Pay Act (1963)
B. the National Labor Relations Act (1935)
C. Salary.com
D. the Fair Labor Standards Act (1938)
Open pay systems tend to work best when
A. there is a union to negotiate pay increases
B. business strategy matches the organizational
development stage
C. job performance can be measured objectively
effort and performance are related closely over a long
time span
Narrowing pay ratios between jobs or pay grades in a firm- pay structure is
A. pay secrecy
B. pay compression
C. pay security
D. pay inequality
Gain sharing plans consist of all EXCEPT which of the following elements:
A. An internal equity
B. A philosophy of cooperation
C. A financial bonus
D. An involvement system
Which of the following is NOT another name for gain sharing?
A. The Scanlon plan
B. The Rucker plan
C. Control-based compensation
D. Improshare
One downside of team incentives is that
A. managers do not feel that incentives motivate employees
equally
B. it does not provide retirement income to employees
C. most employees do not feel that their jobs have a direct
impact on profits
D. it does nothing to educate employees about the factors of
business success and capitalism
One strategic issue that should influence the design of benefits is an organization-
A. plan to pay panel
B. value to employees
C. shareholder- form
D. stage of development
Evidence indicates that the perceived value of benefits rises when employers introduce
A. higher salaries
B. more jobs
C. flexible supervisors
D. choice through a flexible benefits packageEvidence indicates that the perceived value of benefits rises when employers introduce
A. higher salaries
B. more jobs
C. flexible supervisors
D. choice through a flexible benefits package
Which act covers private-sector employees over age 21 enrolled in noncontributory
(100% employer-paid) retirement plans that have 1-year service?
A. COBRA (1985)
B. HIPAA (1996)
C. ERISA (1974)
D. ADA (1990)
______________cover 128 million workers in the United States.
A. Workers’ compensation programs
B. Defined-benefit programs
C. Defined-contribution programs
Point-of-service programs
________________ 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.
A. A preferred provider payment
B. Medical underwriting
C. Disability coverage
D. A point-of-service plan
The type of private pension plan in which an employer promises to pay a retiree a stated
pension is a
A. defined-benefit plan
B. defined-performance plan
C. defined-retirement plan
D. defined-contribution plan
What is driving the increasing costs of healthcare?
A. Passage of the health care exchanges
B. Aging population and an increase in obesity
C. Increasing numbers of legal immigrants
Rising cost of childcare
The gatekeeper in a managed care health insurance plan is the
A. primary care physician
B. insurance cost monitor
C. the employee
D. the HR representative
__________ is not legally required, and, because of unemployment compensation, many
firms do not offer it.
A. Retirement pay
B. Short-term disability
C. Severance pay
D. Cost shifting