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1 | |
Which if these refer to the relative pay of jobs in an organization? |
|
| | A) | Pay structure |
| | B) | Benchmarking |
| | C) | Pay level |
| | D) | Job structure |
|
2 | |
Which of these is defined as the average pay of jobs in an organization? |
|
| | A) | Compensable factors |
| | B) | Job structure |
| | C) | Pay grades |
| | D) | Pay level |
|
3 | |
Income level refers to the relative pay of different jobs and how much they are paid. |
|
| | A) | True |
| | B) | False |
|
4 | |
Some of the complexity of establishing compensation for individual employees is because the rate of pay must be acceptable on the dimension(s) of: |
|
| | A) | external equity. |
| | B) | internal equity. |
| | C) | employer cost |
| | D) | all of the above |
|
5 | |
A market pay survey is the major administrative tool organizations use in choosing a pay level. |
|
| | A) | True |
| | B) | False |
|
6 | |
Which of the following is not an example of internal employee movement? |
|
| | A) | Attraction and retention of quality employees |
| | B) | Promotion |
| | C) | Transfer |
| | D) | Job Rotation |
|
7 | |
Internal equity pay comparisons focus on what employees within the same organization, but in different jobs, are paid. |
|
| | A) | True |
| | B) | False |
|
8 | |
Product-market competition places a lower bound on labor costs and compensation levels. |
|
| | A) | True |
| | B) | False |
|
9 | |
______ competition is the amount an organization must pay to compete against other companies that hire similar employees. |
|
| | A) | Efficiency wage |
| | B) | Labor market |
| | C) | Human resource |
| | D) | Product market |
|
10 | |
Which of these theories argues that employees who are paid more than they would be paid elsewhere will be reluctant to "shirk"? |
|
| | A) | Equity theory |
| | B) | Efficiency wage theory |
| | C) | Comparable worth theory |
| | D) | Minimum wage theory |
|
11 | |
To compete for talent, organizations use benchmarking, a procedure in which it compares its own practices against those of the competition. |
|
| | A) | True |
| | B) | False |
|
12 | |
______ are the characteristics of jobs that an organization values and chooses to pay for. |
|
| | A) | Rate ranges |
| | B) | Pay surveys |
| | C) | Key jobs |
| | D) | Compensable factors |
|
13 | |
The complex task of obtaining a single going rate for a given job in the competitive labor market requires a network of decisions that are based on both ________ and ________ . |
|
| | A) | philosophy and psychology |
| | B) | art and science |
| | C) | economics and religion |
| | D) | politics and polls |
|
14 | |
______ jobs are unique to organizations, and they cannot be directly valued or compared through the use of market surveys. |
|
| | A) | Key |
| | B) | Human resource |
| | C) | Nonkey |
| | D) | Technical |
|
15 | |
Which of these pay-setting approaches has the greatest emphasis on external comparisons? |
|
| | A) | Market survey data |
| | B) | Pay policy line |
| | C) | Pay grades |
| | D) | Job evaluation |
|
16 | |
Jobs of similar worth or content grouped together for pay administration purposes are called |
|
| | A) | pay policies |
| | B) | salary ceilings |
| | C) | range spreads |
| | D) | pay grades |
|
17 | |
The __________ provides a direct assessment of the degree to which actual pay is consistent with the pay policy. |
|
| | A) | job evaluation |
| | B) | compa-ratio |
| | C) | delayering |
| | D) | pay policy line |
|
18 | |
Which of these indicates that actual pay is lagging behind the pay policy? |
|
| | A) | A compa-ratio greater than 1.0 |
| | B) | A high employee satisfaction |
| | C) | A compa-ratio less than 1.0 |
| | D) | A low employee turnover |
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19 | |
All of these statements are true except |
|
| | A) | Employee participation in pay level decision remains high given its impact on morale. |
| | B) | Managers participate in both groups; those affected by policies and those who must actually implement policies. |
| | C) | In addition to actual pay, the comparison standard influences employee attitudes. |
| | D) | Managers play the most crucial communication role because of their day-to-day interactions with their employees. |
|
20 | |
All of these are limitations of job- based pay structures except which one? |
|
| | A) | The emphasis on job levels and status differentials discourages promotion-seeking behavior but encourages lateral employee movement. |
| | B) | They may encourage bureaucracy. |
| | C) | The structure's hierarchical nature reinforces a top-down decision-making. |
| | D) | The bureaucracy required to generate and update job descriptions and job evaluations can become a barrier to change. |
|
21 | |
Delayering refers to reducing the number of job levels to achieve more flexibility in job assignments and in assigning merit increases. |
|
| | A) | True |
| | B) | False |
|
22 | |
A possible consequence of delayering and banding is a |
|
| | A) | reduced opportunity for promotion. |
| | B) | shrinkage in available labor. |
| | C) | reduced market share in product-market. |
| | D) | All of these. |
|
23 | |
An alternative to a job-based pay structure is |
|
| | A) | pay for skill. |
| | B) | pay for knowledge. |
| | C) | pay for competency. |
| | D) | All of these. |
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24 | |
Which of these advanced industrialized countries has the highest average hourly labor costs for production workers in manufacturing? |
|
| | A) | The United States |
| | B) | Japan |
| | C) | Germany |
| | D) | France |
|
25 | |
One indicator of productivity is |
|
| | A) | compa- ratios. |
| | B) | skills- based pay. |
| | C) | gross domestic product per person. |
| | D) | banding. |
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26 | |
In 2002, which of the following countries had the highest level of productivity based on gross domestic product per person, adjusted for differences in purchasing power? |
|
| | A) | United States |
| | B) | Germany |
| | C) | Mexico |
| | D) | Japan |
|
27 | |
One reason executive pay is relatively high in the U.S. is that the CEO significantly influences the nature of cultural values and norms manifested in most USA based business organizations. |
|
| | A) | True |
| | B) | False |
|
28 | |
U.S. top executives are among the lowest paid in the world. |
|
| | A) | True |
| | B) | False |
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29 | |
Which of these acts established a minimum wage for jobs? |
|
| | A) | Equal Employment Opportunity Act |
| | B) | Civil Rights Act |
| | C) | Fair Labor Standards Act |
| | D) | Equal Pay Act |
|
30 | |
Exemptions to overtime pay policies apply to police, fire fighters, paramedics, and first responders. |
|
| | A) | True |
| | B) | False |