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QUESTION 1
A management strategy of giving separate organization units the respo
QUESTION 1
A management strategy of giving separate organization units the responsibility to design and administer their own compensation systems isthe best approach to design.
rarely done in today’s organizations.
known as a decentralized strategy.
known as a centralized strategy.
1 points
QUESTION 2
Prevailing wages protect foreign working as registered nurses. True False
1 points
QUESTION 3
In which of the following types of cases is the focus on the discriminatory consequences rather than the intent to discriminate?Disparate impact
Valuation discrimination
Access discrimination
Disparate treatment
1 points
QUESTION 4
A deferred wage increasespecifies that such nonwage items as pension and benefits will be renegotiated under certain conditions.
specifies that wages will be renegotiated at a specified time.
involves periodic adjustments based typically on changes in the consumer price index.
is negotiated at the time of initial contract negotiations with the time and amount specified in the contract.
1 points
QUESTION 5
A key reason to communicate pay information is that the goodwill engendered by the act of being open about pay may affect perceptions of pay equity. True False
1 points
QUESTION 6
Which of the following is a factor to control in order to manage labor costs in a simple labor cost model?Communication
Behavior
Employment
Ethics
1 points
QUESTION 7
Members of the boards of directors are not categorized as candidates for special compensation. True False
1 points
QUESTION 8
Which of the following statements is true of the localization approach to expatriate compensation?It ties an expatriate’s salary to the home country’s salary scales.
It ensures that an expatriate’s pay is equalized without the need for relocation bonuses.
It ties an expatriate’s salary to the host country’s salary scales.
It is more expensive than the balance sheet approach regardless of the location.
1 points
QUESTION 9
Which of the following is a test that must be met to qualify for the administrative employee exemption?The employee must be compensated on a salary or fee basis at a rate not less than $684 per week.
The employee must have the authority to hire or fire other employees.
The employee’s primary duty must be performance of manual work.
The employee must customarily and regularly direct the work of at least two or more other full time employees or their equivalent.
1 points
QUESTION 10
Susan works in a sterile laboratory that requires her to scrub and put on protective clothing. Which of the following acts determines whether she should be paid for this time?The Fair Labor Standards Act
The Portal-to-Portal Act
The Health Care Workers Protection Act
The Occupational Safety and Health Administration Act
1 points
QUESTION 11
When designing a sales compensation plan, it should be kept in mind that: salespeople under an incentive system will view customer service as an imposition.
compensation systems are independent of the nature of a product or service.
salespeople rank recognition as their number one motivator.
commissions for sales volume reduce the incentive to sell.
1 points
QUESTION 12
Which of the following includes a provision that requires public companies to set policies to allow executive compensation to be taken back if it was based on inaccurate financial statements that did not comply with accounting standards?The Dodd-Frank Wall Street Reform and Consumer Protection Act
The American Recovery and Reinvestment Act
The Troubled Asset Relief Program
The Financial Accounting Standards Board Statement 123 R
1 points
QUESTION 13
In a(n)________ pay plan, a contract is negotiated that specifies that employees hired after a given target date will receive lower wages than their higher-seniority peers working on the same or similar jobs.one-tier
two-tier
skill-based
efficiency-based
1 points
QUESTION 14
In 2010, the Dodd-Frank Act gave power to shareholders by giving them a nonbinding (but image important) vote on appropriateness of an executive’s compensation. True False
1 points
QUESTION 15
The biggest trend in supervisory pay centers onpayment of wages that equal subordinate pay.
increased use of variable pay.
paying a wage that is above that of the highest paid superior.
payment of higher wages without benefits.
1 points
QUESTION 16
A compa-ratio reflects therelationship of the average actual salary in each range to the midpoint of the range.
rate paid for satisfactory performance.
maximum value of red circle rates.
relationship of actual salaries to the midpoint of the going rates in the market.
1 points
QUESTION 17
How people get paid around the world depends on variations in economic, institutional, organizational, and employee characteristics. True False
1 points
QUESTION 18
Controls on managers’ pay decisions come from two different aspects of the compensation process: (1) controls that are inherent in the design of the techniques and (2)________.broad bands
range minimums and maximums
job analysis and evaluation
the formal budgeting process
1 points
QUESTION 19
Changes in wages in labor markets are measuredby examining the personal expenditure of each employee.
using the modified balance sheet approach.
using the producer price index.
through pay surveys.
1 points
QUESTION 20
The Wage and Hour Division of the Department of Labor, which is charged with enforcement of the FLSA, provides strict criteria that must be met in order for jobs to be exempt from minimum-wage and overtime provisions. True False
1 points
QUESTION 21
The ___________Act extends the prevailing wage concept to manufacturers or suppliers of goods for government contracts.Sarbanes-Oxley
Walsh-Healey Public Contracts
Fail Labor Standards
Davis-Bacon
1 points
QUESTION 22
Evidence indicates the MNCs are influenced by both the institutional pressures in their home country and in the local context. True False
1 points
QUESTION 23
The determination of pay discrimination on jobs of dissimilar content requires a standard that allows jobs of dissimilar content to be declared comparable and that allows pay differences for jobs that are not comparable. This standard is job evaluation.
disparate impact analysis.
comparable worth analysis.
point factor market comparison.
1 points
QUESTION 24
Total compensation in many organizations makes up at least __________ of operating expenses.60 percent
80 percent
70 percent
50 percent
1 points
QUESTION 25
Regarding pay differences for different jobs, court decisions have been inconclusive
courts continue to rely on the use of employer opinion surveys to justify differences.
courts continue to uphold the use of market data to justify differences.
the courts favor reliance on the use of statistical models.
1 points
QUESTION 26
One of the main contributors to career earnings is advancement, either at one’s present company or another company. True False
1 points
QUESTION 27
__________is movement through the wage ranges where seniority is specified as the basis of the movement.A performance differential
Length-of-stay progression
A merit differential
Automatic progression
1 points
QUESTION 28
The __________often comes into play if organizations target reductions among higher paid employees because higher paid employees also tend to be older employees.FMLA
WHO
ADEA
OSHA
1 points
QUESTION 29
With easily sold products, companies prefer a more aggressive sales force.
the base compensation tends to be more important.
companies tend to set lower sales targets.
the incentives provided in the form of commissions tend to be more important.
1 points
QUESTION 30
In maturing markets, companies focus both on performance-based pay tied to customer satisfaction and on greater base salaries to retain conservative salespeople. True False
1 points
QUESTION 31
Outsourcing is viable alternative as organizations struggle with activities that do not directly contribute to objectives. True False
1 points
QUESTION 32
________are one-time cash payments to employees that are not added to an employee’s base wages.Lump-sum awards
Merit increases
Cost-of-living increases
Relational returns
1 points
QUESTION 33
Which of the following issues most commonly reach arbitration?Layoffs
Complexity of work assignments
Transfers
Discharge and disciplinary issues
1 points
QUESTION 34
Rather than define employment as hours of work, number of employees is often used. True False
1 points
QUESTION 35
The two types of discrimination recognized by law are valuation discrimination and access discrimination. True False
1 points
QUESTION 36
Unionization rates are higher in Europe than in Asia. True False
1 points
QUESTION 37
A compa-ratio of less than 1 means that, on average,employees are higher performers.
the turnover rate of the organization is low.
employees are senior employees.
employees in a range are paid below the midpoint.
1 points
QUESTION 38
A(n)___________uses cash or stock award if specific goals are achieved.nonqualified stock option
performance share plan
incentive stock option.
restricted stock plan
1 points
QUESTION 39
The best predictor of CEO pay is the performance of the company. True False
1 points
QUESTION 40
When taxes are deducted from employees’ earnings up to the same amount of taxes they would pay had they remained in their home country, it is known ascompensatory tax.
tax equalization.
tax protection.
expat tax.
1 points
QUESTION 41
Basically a phenomenon of the union sector, two-tier wage structures differentiate pay based upon the hiring date.
type of work.
place of work.
length of contract, if applicable.
1 points
QUESTION 42
A summary of over a hundred labor relations sudies finds that unions do make a difference in wages, across all the studies and all time periods. True False
1 points
QUESTION 43
A recent article analyzing the results from over 100 executive pay studies shows that the best predictor of executive pay is by farfirm size.
firm performance.
the number of insiders on the board of directors.
the industry in which the firm operates.
1 points
QUESTION 44
Contingent workers may work alongside permanent workers yet often receive lower wages and benefits for the same work. True False
1 points
QUESTION 45
A compa-ratio is the average actual pay divided by the midpoint of the pay grade. True False
1 points
QUESTION 46
When contemplating compensation communications, remember that __________occurs when a company follows trends in programs and techniques, and the company needs to benchmark selectively.pattern recognition
herding
persistence of beliefs
anchoring/framing
1 points
QUESTION 47
Which of the following is true of the Age Discrimination in Employment Act?It protects employees aged 30 and over against age discrimination.
It was amended in 1990 to include the Older Workers Benefit Protection Act.
In mandates employers with 50 or more employees to provide qualifying health insurance coverage or face finanical penalties.
It formed the Securities and Exchange Commission, which ensures that companies having more than $10 million in assets report information periodically.
1 points
QUESTION 48
A major advantage of a _________ is that it reduces benefits costs, something that the other cost-cutting options ordinarily do not achieve.pay cut
reduction in work hours
furlough
reduction in force
1 points
QUESTION 49
In_____, employees who are evaluated more highly receive larger or more rapid increments than average or poor performers.a two-tier pay plan
a union spillover
auomatic progression
merit progression
1 points
QUESTION 50
The most common approach to motivating executives to make decisions that are in the best interests of stockholders isa long-term incentive plan using stock options.
average base salaries with significant firm performance bonuses.
high base salaries with few bonuses.
average base salary with performance-based perks.
1 points
QUESTION 51
Of the four affirmative defenses for unequal pay for equal work, “a factor other than sex” has prompted the most court cases. True False
1 points
QUESTION 52
The Equal Pay Act is a part of the the Securities Exchange Act
the Fair Labor Standards Act
the Title VII of Civil Rights Act
the Walsh-Healey Public Contracts Act
1 points
QUESTION 53
Many contracts specify a premium be paid above the worker’s base wage for working nonstandard shifts. True False
1 points
QUESTION 54
Independent contractors generally are less expensive for employers as they receive no benefits. True False
1 points
QUESTION 55
Under the ________, employers can be liable for current pay differences that are a result of discrimination that occurred many years earlier.Fair Labor Standards Act
Equal Pay Act
Lilly Ledbetter Fair Pay Act
Sarbanes-Oxley Act
1 points
QUESTION 56
The average company match for 401(k) retirement plans is _______on the dollar up to 6 percent of pay.30 cents
40 cents
20 cents
50 cents
1 points
QUESTION 57
Who among the following has violated the Fair Labor Standards Act of 1938?Randy, who employs his 17 year old son in his stationary store as a cashier
Jeremy, who employs his 16 year old cousin in his meat packing plant
Rachel, who pays all her workers a minimum wage of $13
Sally, who does not consider the time her employees spend travelling to work as compensable time
1 points
QUESTION 58
Traditionally, Japan’s employment relationships were supported byperformance- based promotion systems alone
performance-based pay systems alone.
lifetime security within the company
centralized unions representing workers across several companies within an industry.
1 points
QUESTION 59
Which of the following involves periodic based typically on changes in he consumer price index?a COLA clause
A deferred wage increase
An annual improvement adjustment
A reopener clause
1 points
QUESTION 60
The Davis-Bacon Actincreases the burden of proof on employers to rebut some discrimination claims.
requires that mechanics and laborers on public construction projects be paid the prevailing wage in an area.
extends the prevailing-wage concept to manufacturers or suplliers of goods for government contracts.
states that income from most stock plans need not be included in calculating overtime pay.
1 points
QUESTION 61
In the context of the impacts of unions on compensation, which of the following statements is true?Employees in service or production occupations have the least from union wage advantage.
Unions do not make a difference in wages, across all studies and all time periods.
Management and professional employees do not enjoy union wage advantage.
Since 2000, the union wage premium has been unstable overall and has risen slightly in the private sector.
1 points
QUESTION 62
Which of the following groups can qualify for the exemptions under the Fair Labor Standards Act of 1938?Paramedics
Computer employees
Fire fighters
Police and other first responders
1 points
QUESTION 63
Which of the following statements concerning the role of unions in discipline is true?In contrast to nonunion workers, most union workers can be fired at will.
Unions are more dedicated to wage issues rather than discipline issues.
With a union, an arbitrator can deliver a binding decision on an unsettled grievance.
Some unions negotiate a formal grievance procedure for discipline issues, but this is rare.
1 points
QUESTION 64
Broad bands provide managers greater discretion in pay for their subordinates compared to a grade range design? True False
1 points
QUESTION 65
In the context of Hofstede’s national culture dimensions, this culture is more likely to remain integrated into groups, usually around the family.Collectivies societies
Masculine societies
Feminine societies
Individualist societies
1 points
QUESTION 66
Organizations rely very heavily on external market data in pricing scientists’ and engineers’ base pay. True False
1 points
QUESTION 67
Which of the following statements is true about the German traditional national system?In Germany, companies place much greater emphasis on external markets than on internal alignment.
In Germany, workers are entitled to a maximum of 15 days of vacation and receive a maximum of 10 national holidays annually.
Performance-based bonuses have been an integral part of a traditional German pay system for unionized workers.
Labor markets in German remain highly regulated, and tariff agreements set pay for union workers.
1 points
QUESTION 68
Of the five basic elements of executive compensation packages, ________accounts for the bulk of total CEO compensation.long-term incentives
bonuses
base salary
benefits
1 points
QUESTION 69
In the context of the general compensation strategies, identify a true statement about localizers.They are virtually similar to exporters.
Managers around the world share a common vocabulary and a clear message about what the leadership values.
They operate independently of the corporate headquarters.
The corporate headquarters and the operating units are heavily networked to share ideas and knowledge.
1 points
QUESTION 70
Which of the following approaches seeks to ensure that employees on overseas assignments have the same spending power as they would in their home country?The assets-liability approach
The compensatory tax approach
The balance sheet approach
The income statement approach
1 points
QUESTION 71
When employees are paid more than the maximum of their pay grade, these rates are calledgreen triangle rates
yellow circle rates
red circle rates
blue circle rates
1 points
QUESTION 72
MaxTrain Corporation recognizes that its competitor GlasWell Corporation, which is unionized, offers higher wages and benefits. To avoid unionization demands from its workers, MaxTrain decides to offer the same wages and benefits to its employees as GlasWell. Which of the following phenomena is exemplified in this case?The leiency effect
The spillover effect
The sorting effect
The halo effect
1 points
QUESTION 73
When compared to the impact of unions during strong economies, the impact of unions during periods of higher unemployment issmaller
the same
unknown
larger
1 points
QUESTION 74
Which of the following is one of the basic steps in establishing a comparable worth pay plan?Identifying the percentages of male and female employees in each job group
Adopting multiple gender neutral point job evaluation plans for all jobs within a unit
Paying jobs with different evaluation results with different wage rates
Basing the wage to job evaluation point ratio on the wages paid for female dominated jobs
1 points
QUESTION 75
The compensation committees of boards of directors typically set executive salaries. True False
1 points
QUESTION 76
The European Union has issued the ________, which is significantly stronger than US regulations.Convention on Contingent Workers
Data Privacy Directive
Non-Retaliation for Disclosure of Compensation Information
Minimum Wage Convention
1 points
QUESTION 77
Which of the following is the most likely reason for most unions to insist on group based performance measures with equal payouts to members?It cuts down on strife and internal quarrels
It encourages individual differences
It enables employees to learn new skills
It causes a leniency effect
1 points
QUESTION 78
Annual bonuses often play a major role in executive compensation and are primarily designed to reduce overtime pay.
decrease pay differentials between supervisors and subordinates.
increase employee turnover
motivate better short-term performance.
1 points
QUESTION 79
Engineers in almost all companies are treated as special compensation cases because of their education and training. True False
1 points
QUESTION 80
Meltrop Corporation employs two store clerks, Sam and Stella. Stella sues Meltrop claiming unequal pay as she earns $500 a week less than Sam does despite doing the same work as Sam. Which of the following is most likely to be the result of the litigation?Meltrop will lose the litigation as it has committed access discrimination.
Meltrop will win the litigation if it can prove that Stella is Sam’s senior.
Meltrop will win the litigation as blue collar workers are exempt from the Equal Pay Act.
Meltrop will lose the litigation as it has committed valuation discrimination.
1 points
QUESTION 81
Budgets account for the costs of updating the pay structure, increasing merit pay, or instituting gain sharing. True False
1 points
QUESTION 82
Many employers achieve flexibility and control employment costs by utilizing continget workers rather than expanding and contracting the core workforce. True False
1 points
QUESTION 83
Executives, supervisors, and sales staff often receive special compensation treatment becausethese jobs face conflicting demands.
recruitment and retention are always difficult for these jobs.
these jobs are covered under the Sarbanes-Oxley Act.
these jobs are exempt under the FLSA.
1 points
QUESTION 84
In automatic progression seniority is used as the basis for movement through job classifications. True False
1 points
QUESTION 85
The denial of jobs, promotions, or training opportunities to qualified women or minoritites are examples of valuation discrimination.
hostile environment
access discrimination.
treatment discrimination.
1 points
QUESTION 86
________ is defined by the Department of Labor as experience, training, education, and ability as measured by the performance requirements of a particular job.Effort
Responsibility
Working condition
Skill
1 points
QUESTION 87
According to Hofstede’s cultural dimensions, in Malaysia and Mexico, where there is high power distance, __________ pay structures are appropriate.parallel
equitable
egalitarian
hierarchical
1 points
QUESTION 88
In recent years, some firms have tried to deal with the plateau effect and also accommodate the different career motivations of mature scientists and engineers through a(n)alternative career path.
military style career ladder.
dual career ladder.
individual career ladder.
1 points
QUESTION 89
If red circle rates become common throughout an organization, then:the organization’s labor costs become more flexible.
outstanding employees receive a number of rapid promotions and pay increases.
the design of the ranges and the evaluation of the jobs should be reexamined.
the employees are paid below the minimum range.
1 points
QUESTION 90
The Big Three US automakers have been able to get the UAW to agree to greater use of _______ in lieu of wage increases to allow labor costs to vary more with their ability to pay rather than carry large fixed labor costs even when times are bad.ESOPs
profit sharing
gainsharing
merit increases
1 points
QUESTION 91
The key to a comparable worth system is a single job evaluation plan for jobs with dissimilar content. True False
1 points
QUESTION 92
The Mental Health Act of 1997 requires that mental illness be covered to the same extent that other medical conditions are covered. True False
1 points
QUESTION 93
__________ argues that executive pay rises to maintain the same relative relationship with the salaries of lower level employees.The team production theory
Agency theory
The social comparison theory
The economic approach theory
1 points
QUESTION 94
________ curve expresses the relationship between years since last degree, performance, and salary.The marginal productivity
A maturity
A tenure
The Phillips
1 points
QUESTION 95
The __________ specifies the number of breaks that must be provided in an eight hour workday.Walsh Healey Public Contracts legislation
Equal Pay Act
Portal to Portal Act
Occupational Safety and Health Administration legislation
1 points
QUESTION 96
_________ is an example of a country with a highly decentralized approach to pay setting with higher wage flexibility.Germany
The United States
Sweden
Belgium
1 points
QUESTION 97
The two standards of discrimination – disparate treatment vs disparate impact – remain difficult to apply to pay issues, since pay difference are lagal for dissimialr work. True False
1 points
QUESTION 98
The CPI accurately reflects an individual employee’s cost of living. True False
1 points
QUESTION 99
The most popular method of providing special compensation to supervisors is by paying overtime. True False
1 points
QUESTION 100
The majority of CEO pay levels and pay ratio are fair. True False
1 points
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