Significant impact on employee engagement

Reference no: EM13741491

Question 1: Which term refers to the right to purchase a stated number of shares of a company stock at today's price at some time in the future?

stock option
gainsharing plan
multiplier method
at-risk variable plan

Question 2: Which of the following terms refers to benefits for time not worked such as unemployment insurance, vacation and holiday pay, and sick pay?

supplemental pay benefits
employee assistance
financial incentives
merit pay

Question 3: According to research, which of the following has a significant impact on employee engagement?

performance reviews
variable pay plans
job design
awards

Question 4: High-performance work systems typically use competency-based pay because employees ________.

participate in training and development workshops
receive frequent performance appraisals
rotate among different jobs
need technical skills

Question 5: Which of the following is a discretionary benefit?

unemployment insurance
disability insurance
FMLA leaves
Social Security

Question 6: Which term refers to an incentive plan in which a person is paid a sum for each item sold, with a strict proportionality between results and rewards regardless of output?

standard merit pay
straight hourly pay
straight piecework
variable pay

Question 7: What is the primary disadvantage of using the straight salary approach to pay salespeople?

relying on annual profits
discouraging staff loyalty
preventing territory changes
failing to link effort with reward

Question 8: Unions typically negotiate all of the following issues EXCEPT ________.

wage rates
income security
time off with pay
unpaid medical leave

Question 9: ________ is a formal and systematic comparison of jobs to determine the worth of one job relative to another.

Job analysis
Job evaluation
Job description
Job classification

Question 10: Which law requires time-and-a-half pay for any hours worked over 40 hours per week?

Title VII
Davis-Bacon Act
Fair Labor Standards Act
Walsh-Healey Public Contract Act

Question 11: Which of the following professions is most likely categorized as nonexempt?

general manager
pharmacist
paralegal
teacher

Question 12: What is a drawback associated with the ranking method of job evaluation?

high costs
subjective aspects
time-consuming
highly complex

Question 13: Athena, a sales representative, was terminated from her position at Ross Manufacturing. On Athena's last day of work, she was given a check for $5,000. What did Athena most likely receive from Ross Manufacturing?

disability pay
annual bonus
severance pay
unemployment insurance

Question 14: Tanner's employer puts a predetermined portion of profits into a trust account for Tanner's retirement. Which of the following is most likely the type of profit-sharing plan used by Tanner's employer?

Jefferson incentive system
deferred profit-sharing plan
gainsharing plan
cash plan

Question 15: Which term refers to payments a firm makes related to changes in company ownership?

pension plan
annual bonus
golden parachute
retirement perks

Question 16: Craig was born in 1961. According to the Social Security Act, what is Craig's full retirement age?

Question 17: Which 1931 law allows the secretary of labor to set wage rates for laborers employed by contractors working for the federal government?

Title VII
Davis-Bacon Act
Fair Labor Standards Act
Walsh-Healey Public Contract Act

Question 18: A straight salary for salespeople is most appropriate when the main tasks involve ________.

selling technical products
exceeding sales quotas
finding new clients
selling real estate

Question 19: An executive who receives a(n) ________ stock receives units instead of shares of company stock. The units will be equated to cash in the future if appreciation occurs.

phantom
restricted
premium
nonqualified

Question 20: Furman, an automotive parts manufacturer, employs nearly 800 workers in its Dallas, Texas facility. Furman has always offered its employees health and dental insurance as well as legally required benefits such as unemployment insurance and workers' compensation. Furman's top executives are considering the idea of offering employees a flexible benefits plan. Which of the following, if true, best supports the argument that Furman should offer employees a flexible benefits plan?

Some Furman employees express interest in vision insurance, while other workers never enroll for dental insurance.
Furman outsources its employee benefits program, and employees must file claims with the plan's administrator.
Some Furman employees prefer to build their work days around a core of midday hours rather than work from 9 to 5.
Furman established a pooled paid leave bank to reduce the number of employee absences

Reference no: EM13741491

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