Reference no: EM13752633

1. Narrowing pay ratios between jobs or pay grades in a firm's pay structure is

• pay inequality
• pay secrecy
• pay compression
• pay security

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

• ADA (1990)
• ERISA (1974)
• HIPAA (1996)
• COBRA (1985)

3. ___________bridge the gap between organizational objectives and individual expectations and aspirations.

• Employment practices
• Corporate compensation systems
• Rewards
• Financial systems

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.

• the percent of company offerings
• the concern with pay for position
• the willingness to reduce the size of the workforce
• the marginal productivity

5. The type of private pension plan in which an employer promises to pay a retiree a stated pension is a

• defined-benefit plan
• defined-contribution plan
• defined-retirement plan
• defined-performance plan

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

• the Fair Labor Standards Act (1938)
• the Equal Pay Act (1963)
• Salary.com
• the National Labor Relations Act (1935)

7. One downside of team incentives is that

• it does nothing to educate employees about the factors of business success and capitalism
• it does not provide retirement income to employees
• managers do not feel that incentives motivate employees equally
• most employees do not feel that their jobs have a direct impact on profits

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

• flexible supervisors
• higher salaries
• choice through a flexible benefits package
• more jobs

9. What is driving the increasing costs of healthcare?

• Aging population and an increase in obesity
• Rising cost of childcare
• Passage of the health care exchanges
• Increasing numbers of legal immigrants

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

• Walsh-Healey Act (1936)
• Fair Labor Standards Act (1938)
• Davis-Bacon Act (1931)
• McNamara-O'Hara Service Contract Act (1965)

11. One strategic issue that should influence the design of benefits is an organization's

• shareholder's form
• plan to pay panel
• stage of development
• value to employees

12. The Sarbanes-Oxley Act of 2002 requires that

• the Securities and Exchange Commission meet annually to discuss bonuses
• companies can seek repayment for incentives paid that were later found to be materially inaccurate
• executives cannot retain bonuses or profits from selling company stock if they mislead the public about the financial health of the company
• the minimum wage change each year

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

• Control-based compensation
• The Scanlon plan
• The Rucker plan
• Improshare

14. 14. 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.

• organizational reward system
• employee stock ownership plan
• competency-based pay system
• merit-pay method

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

• A financial bonus
• An internal equity
• A philosophy of cooperation
• An involvement system

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

• insurance cost monitor
• primary care physician
• the employee
• the HR representative

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

• Severance pay
• Short-term disability
• Retirement pay
• Cost shifting

18. ______________cover 128 million workers in the United States.

• Point-of-service programs
• Defined-contribution programs
• Defined-benefit programs
• Workers' compensation programs

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

• organizational needs
• equity theory
• the internal labor market
• the external labor market

20. ________________ 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.

• Medical underwriting
• Disability coverage
• A preferred provider payment
• A point-of-service plan

21. Open pay systems tend to work best when

• effort and performance are related closely over a long time span
• job performance can be measured objectively
• there is a union to negotiate pay increases
• business strategy matches the organizational development stage