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1.
Which of the following is NOT another name for gain sharing?
- [removed]
Improshare
[removed]
The Rucker plan
[removed]
The Scanlon plan
[removed]
Control-based compensation
2.
Gain sharing plans consist of all EXCEPT which of the following elements:
[removed]
An involvement system
[removed]
A financial bonus
[removed]
An internal equity
[removed]
A philosophy of cooperation
3.
Open pay systems tend to work best when
[removed]
there is a union to negotiate pay increases
[removed]
business strategy matches the organizational development stage
[removed]
effort and performance are related closely over a long time span
[removed]
job performance can be measured objectively
4.
The Sarbanes–Oxley Act of 2002 requires that
[removed]
executives cannot retain bonuses or profits from selling company stock if they mislead the public about the financial health of the company
[removed]
the minimum wage change each year
[removed]
companies can seek repayment for incentives paid that were later found to be materially inaccurate
[removed]
the Securities and Exchange Commission meet annually to discuss bonuses
5.
________________ 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.
[removed]
A point-of-service plan
[removed]
Disability coverage
[removed]
Medical underwriting
[removed]
A preferred provider payment
6.
In the United States, salary discussions among employees are protected under
[removed]
Salary.com
[removed]
the
Fair Labor Standards Act (1938)
[removed]
the Equal Pay Act (1963)
[removed]
the National Labor Relations Act (1935)
7.
______________cover 128 million workers in the United States.
[removed]
Defined-benefit programs
[removed]
Point-of-service programs
[removed]
Defined-contribution programs
[removed]
Workers’ compensation programs
8.
The type of private pension plan in which an employer promises to pay a retiree a stated pension is a
[removed]
defined-performance plan
[removed]
defined-contribution plan
[removed]
defined-benefit plan
[removed]
defined-retirement plan
9.
Which of the following laws established the first national minimum wage?
[removed]
Walsh–Healey Act (1936)
[removed] Fair Labor Standards Act (1938) [removed]
McNamara–O’Hara Service Contract Act (1965)
[removed]
Davis–Bacon Act (1931)
10.
Narrowing pay ratios between jobs or pay grades in a firm’s pay structure is
[removed]
pay secrecy
[removed]
pay compression
[removed]
pay security
[removed]
pay inequality
11.
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.
[removed]
merit-pay method
[removed]
employee stock ownership plan
[removed]
organizational reward system
[removed]
competency-based pay system
12.
What is driving the increasing costs of healthcare?
[removed]
Rising cost of childcare
[removed]
Aging population and an increase in obesity
[removed]
Increasing numbers of legal immigrants
[removed]
Passage of the health care exchanges
13.
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.
[removed]
the concern with pay for position
[removed]
the percent of company offerings
[removed]
the willingness to reduce the size of the workforce
[removed]
the marginal productivity
14.
Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans that have 1-year service?
[removed]
HIPAA (1996)
[removed]
ADA (1990)
[removed]
COBRA (1985)
[removed]
ERISA (1974)
15.
___________bridge the gap between organizational objectives and individual expectations and aspirations.
[removed]
Corporate compensation systems
[removed]
Financial systems
[removed]
Employment practices
[removed]
Rewards
16.
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.
[removed]
organizational needs
[removed]
equity theory
[removed]
the external labor market
[removed]
the internal labor market
17.
__________ is not legally required, and, because of unemployment compensation, many firms do not offer it.
[removed]
Retirement pay
[removed]
Cost shifting
[removed]
Short-term disability
[removed]
Severance pay
18.
The gatekeeper in a managed care health insurance plan is the
[removed]
insurance cost monitor
[removed]
primary care physician
[removed]
the employee
[removed]
the HR representative
19.
One downside of team incentives is that
[removed]
most employees do not feel that their jobs have a direct impact on profits
[removed]
it does not provide retirement income to employees
[removed]
it does nothing to educate employees about the factors of business success and capitalism
[removed]
managers do not feel that incentives motivate employees equally
20.
Evidence indicates that the perceived value of benefits rises when employers introduce
[removed]
more jobs
[removed]
higher salaries
[removed]
choice through a flexible benefits package
[removed]
flexible supervisors
21.
One strategic issue that should influence the design of benefits is an organization’s
[removed]
plan to pay panel
[removed]
stage of development
[removed]
value to employees
[removed]
shareholder’s form
1. Which of the following is NOT another name for gain sharing?
·
Improshare
·
The Rucker plan
·
The Scanlon plan
·
Control-based compensation
2. Gain sharing plans consist of all EXCEPT which of the following elements:
·
An involvement system
·
A financial bonus
·
An internal equity
·
A philosophy of cooperation
3. Open pay systems tend to work best when
·
there is a union to negotiate pay increases
·
business strategy matches the organizational development stage
·
effort and performance are related closely over a long time span
·
job performance can be measured objectively
4. The Sarbanes–Oxley Act of 2002 requires that
·
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
·
companies can seek repayment for incentives paid that were later found to be materially inaccurate
·
the Securities and Exchange Commission meet annually to discuss bonuses
5. ________________ 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 point-of-service plan
·
Disability coverage
·
Medical underwriting
·
A preferred provider payment
6. In the United States, salary discussions among employees are protected under
·
Salary.com
·
the
Fair Labor Standards Act (1938)
·
the Equal Pay Act (1963)
·
the National Labor Relations Act (1935)
7. ______________cover 128 million workers in the United States.
·
Defined-benefit programs
·
Point-of-service programs
·
Defined-contribution programs
·
Workers’ compensation programs
8. The type of private pension plan in which an employer promises to pay a retiree a stated pension is a
·
defined-performance plan
·
defined-contribution plan
·
defined-benefit plan
·
defined-retirement plan
9. Which of the following laws established the first national minimum wage?
·
Walsh–Healey Act (1936)
·
Fair Labor Standards Act (1938)
·
McNamara–O’Hara Service Contract Act (1965)
·
Davis–Bacon Act (1931)
10. Narrowing pay ratios between jobs or pay grades in a firm’s pay structure is
·
pay secrecy
·
pay compression
·
pay security
·
pay inequality
11. 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.
·
merit-pay method
·
employee stock ownership plan
·
organizational reward system
·
competency-based pay system
12. What is driving the increasing costs of healthcare?
·
Rising cost of childcare
·
Aging population and an increase in obesity
·
Increasing numbers of legal immigrants
·
Passage of the health care exchanges
13. 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 concern with pay for position
·
the percent of company offerings
·
the willingness to reduce the size of the workforce
·
the marginal productivity
14. Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans that have 1-year service?
·
HIPAA (1996)
·
ADA (1990)
·
COBRA (1985)
·
ERISA (1974)
15. ___________ bridge the gap between organizational objectives and individual expectations and aspirations.
·
Corporate compensation systems
·
Financial systems
·
Employment practices
·
Rewards
16. 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 external labor market
·
the internal labor market
17. __________ is not legally required, and, because of unemployment compensation, many firms do not offer it.
·
Retirement pay
·
Cost shifting
·
Short-term disability
·
Severance pay
18. The gatekeeper in a managed care health insurance plan is the
·
insurance cost monitor
·
primary care physician
·
the employee
·
the HR representative
19. One downside of team incentives is that
·
most employees do not feel that their jobs have a direct impact on profits
·
it does not provide retirement income to employees
·
it does nothing to educate employees about the factors of business success and capitalism
·
managers do not feel that incentives motivate employees equally
20. Evidence indicates that the perceived value of benefits rises when employers introduce
·
more jobs
·
higher salaries
·
choice through a flexible benefits package
·
flexible supervisors
21. One strategic issue that should influence the design of benefits is an organization’s
·
plan to pay panel
·
stage of development
·
value to employees
·
shareholder’s form
