Complete the below mcq:
1. Which one of the following states has the highest level of personal income?
Tennessee
Montana
Connecticut
New York
2. A growing disparity of income among members of USA society is directly attributable to
increase in federal taxes
rise of two-wage earner families
demand for workers with higher levels of knowledge and skills
lack of job opportunities at lower pay levels
3. A benefit normally gained by high-paying firms is
higher margin of profit
lower rate of turnover
greater pay satisfaction among all employees
less likely to be unionized
4. The single factor that most influences the rate of pay received by an employee is
job occupied
education obtained
ability of employee
skills possessed
5. Entry into middle-middle class for most USA families requires a family income of
$25,000 to $30,000
$35,000 to $40,000
$45,000 to $50,000
$65,000 to $70,000
6. A "no more than necessary" pay philosophy is most likely found among executives of
unionized businesses
capital intensive firms
public-sector organizations
small businesses
7. Money provides a measure of an employee's worth that is
exact
motivational
qualifiable
quantifiable
8. What is the average labor cost as a percentage of total business cost for most USA organizations?
10%
40%
60%
80%
9. Which one of the following characteristics is least likely to describe a capital-intensive business?
low-skilled work force
uses sophisticated technology
requires fewer employees than firm generating comparable dollar revenues
loose control of labor costs
10. Payments provided for overtime work, working on weekends and holidays, and working second and third shifts are included with
base wage and salaries
wage and salary add-ons
incentive payments
benefits and services