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