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1. Variable pay depends on performance and is not added to: a) overtime pay b) employee's base pay c) commission pay d) incentive pay e) piece rate earnings 2. Which is NOT true about job evaluation? a) it specifies the content of individual jobs b) it helps to establish internal equity c) it provides a basis for deciding the relative importance of jobs d) it establishes a mutually acceptable criteria for determining job value e) it positions jobs along a hierarchy 3. The ideal compensation system: a) emphasizes pay for performance b) controls labour cost by paying below the market c) is typically designed and administered at the individual plant level d) will vary with organizational strategy and context e) will be more expensive than what most employers could afford 4. Which is NOT a problem with merit pay? a) it is difficult for employees to connect today's pay increase with behaviour that occurs months ago b) annual wage increases result in too large a change in the weekly paycheck c) the pay differentials across performance levels are too narrow d) it does not motivate employees whose performance exceeds expectations e) the performance ratings on which merit pay is based may not be accurate 5. A compa-ratio greater than 1.00 typically means that: a) employees are overpaid b) intended policy line has been violated c) a majority of workers are being paid above intended policy d) most employees are new entrants e) turnover is high Compensation 2014 5 6. When job analysis is done for compensation purposes, data collected must focus on: a) type of training needed to perform the job effectively b) establishing job similarities and differences c) the typical career path that encompasses the job d) performance levels of incumbents e) task inventories 7. According to Expectancy Theory, the valence of an outcome is the: a) probability that the outcome will occur b) probability that a behaviour will be rewarded c) degree to which an outcome is desired/valued d) size of the financial reward associated with an outcome e) relationship between the behaviour and achieving the outcome 8. Which is not a factor in the definition of work of equal value under the Pay Equity Act of Ontario? a) working conditions b) education/skills required c) responsibility d) effort required e) value of the product/service produced 9. Which of the following is an advantage of a defined contribution pension plan? a) company absorbs risk associated with changes in inflation or interest value b) more favourable to short term employees c) provides explicit benefit that is easy to communicate d) more favourable to long term employees e) none of the above 10. The use of stock options: a) is designed to motivate employees to increase the value of the firm b) has been criticized because of the excessive downside risk c) forces employees to buy company stock at a predetermined price d) receives very little attention when the stock market is rising e) is more common in smaller than larger firms
CVP relationships are unimportant in nonprofit organizations. Do you agree? Explain?
Explain why is long arm jurisdiction an issue for those who create or post Web pages? According to the Wolf article the courts have imposed an "interactive-passive" test of jurisdiction. Explain that distinction.
What should be the primary focus of business ethics, and why is this so? Is it necessary for everyone in a business organization to fully understand and practice sound business ethics all the time? Why or why not?
If an employee says they are done with their work and therefore they are surfing the net because they have nothing else to do, explain why not just send them home and only pay them for the actual hours worked?
Garcia recognizes that specialist as de Vela is presently financed at its target capital structure and expects that the capital structure will be maintained if the sailboat project is undertaken.
Compute the start and finish times for each activity and find out the minimum number of weeks for completing the project. Find the critical set of activities for project.
Mediums in Business Communication - Why is it important to choose proper mediums when communicating within a business environment?
What are three characteristics of well-designed goals and describe a brief overview of the firm and its goals. Make sure to support this.
Can you please describe to me exactly what is being asked of me- Find as well as read your state's garnishment statutes to identify dollar exemptions as well as local garnishment procedure
Review previous management experience that you have had. As this is a personal review, it does not matter if you were managing in a health services organization or some other industry.
Elucidate how are core competencies giving the organization an important difference in providing customer benefits also perceived value.
risk management questionrisk management overview paperprepare a paper in which you define the following corporate risk
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