quiz 58

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1. Which of the following is NOT another name for gain sharing? 

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  • [removed]

 

Improshare

 

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The Rucker plan

 

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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

 

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