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Chapter Quiz
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1
Which of the following is part of cash compensations offered to employees?
A)Paid vacation
B)Unemployment compensation
C)Health insurance
D)Merit increases
E)Retirement plans
2
Which of the following is part of benefits offered to employees?
A)Stock options
B)Paid vacation
C)Salary
D)Merit increases
E)Bonuses
3
The _____ theory suggests that people evaluate the fairness of their situations by comparing them with those of other people.
A)expectancy
B)equity
C)agency
D)efficiency wage
E)reinforcement
4
The amount an organization must pay to compete against other companies that hire similar employees is referred to as _____.
A)range spread
B)job-based wage rate
C)product market competition
D)efficiency wage rate
E)labor market competition
5
Product market comparisons that focus on labor costs are likely to deserve greater weight when:
A)product demand is inelastic.
B)the supply of labor is inelastic.
C)attracting and retaining qualified employees is difficult.
D)the costs of recruiting replacements are high.
E)employee skills are generic across different product markets.
6
The use of _____ permits a company to recognize differences in employee performance, seniority, training, and so forth in setting individual pay.
A)range spread
B)rate ranges
C)job evaluation
D)compensable factors
E)pay grades
7
A pay policy line:
A)is used to determine the correspondence between the actual and intended pay.
B)reduces the number of job levels to achieve more flexibility in job assignments.
C)can be generated using statistical procedures, such as a regression analysis.
D)groups together jobs that have similar worth or content.
E)is a tool used to calculate the compa-ratio.
8
The major disadvantage of using _____ is that some jobs will be underpaid and other jobs will be overpaid.
A)benchmarking
B)pay grades
C)pay policy line
D)market survey data
E)compa-ratio
9
Actual pay exceeds that of the pay policy when the compa-ratio is _____.
A)equal to 1.00
B)greater than 1.00
C)equal to 0
D)less than 0
E)between 0 and 1.00
10
Which of the following is an advantage of a skill-based pay?
A)It facilitates the centralization of decision making to those who are most knowledgeable.
B)It provides the opportunity for leaner staffing levels and supports decision making by knowledgeable employees.
C)It may lead to employees acquiring all the skills too quickly leaving no room for further pay growth.
D)Wide-scale adoption of skill-based plans make it easy to obtain comparison data from other organizations.
E)It requires little planning to reduce labor costs and have high payoffs.
11
Which of the following is a disadvantage of skill-based pay?
A)Possibility of generating a large bureaucracy
B)Decreased worker flexibility
C)Centralization of decision making
D)Decision-making authority not given to knowledgeable employees
E)Not adaptive to a shortage of supply
12
Which act states that employers may face claims in situations where a discriminatory decision was made many years earlier but the effect (lower pay) continues into the more current period?
A)The Fair Labor Standards Act
B)The Fraud Enforcement and Recovery Act
C)The Lilly Ledbetter Fair Pay Act
D)The Employment Non-Discrimination Act
E)The Davis-Bacon Act
13
Which group of employees is exempt from the Fair Labor Standards Act?
A)Police
B)Firefighters
C)Administrative employees
D)First responders
E)Paramedics
14
Which of the following is true of occupations covered in the Fair Labor Standards Act?
A)Exempt occupations mostly include hourly jobs.
B)Professional and administrative occupations are nonexempt from the act.
C)Employees in nonexempt occupations are eligible for overtime pay.
D)Employees in exempt occupations are eligible for overtime pay.
E)The job responsibility criteria remain constant for all nonexempt occupations.
15
Two pieces of legislation require federal contractors to pay employees no less than the prevailing wages in the area. Which of the following covers all government contractors receiving $10,000 or more in federal funds?
A)The 1908 Federal Employers Liability Act
B)The 1931 Davis-Bacon Act
C)The 1936 Walsh-Healy Public Contracts Act
D)The 1938 Fair Labor Standards Act
E)The 2009 Lilly Ledbetter Fair Pay Act





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