MGT 461 Final

a higher proportion of new hires were female

An early study of the effects of the living wage law in Los Angeles found all of the following EXCEPT that

not necessarily related to performance

bonuses paid in japan are

hiring date

Basically a phenomenon of the union sector, two-tier wage structures differentiate pay based upon the

it is difficult to argue with assurance that wage differences between the two firms are attributable to the presence of the union, although the possibility exists

Company A and Company B are in the same industry, but Company A is unionized and Company B is not. Therefore, _____.

places greater emphasis on external market rates

In the comparison of the pay systems of two well-known Japanese companies Toyota and Toshiba, Toyota

use hierarchical pay structure as there is high power distance in china

KeyLeaf Inc wants to set up a unit in China. to facilitate this, it sends its manager to china to gather information. which of the following is most likely to be a suggestion from its manager?

modified balance sheet approach

MayFly Inc., a firm headquartered in Paris, France, sends one of its employees to Frankfurt, Germany and Barcelona, Spain to manage its operations in these cities. The employee would be required to alternate between the two cities every six months. Mayfly offers only a moving expense on top of the base pay as the employee would be moving only within the European Union countries. Which of the following approaches to expatriate compensation is exemplified in this situation

meltrop will lose the litigation as it has committed valuation discrimination

Meltrop Corp. 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?

The Portal-to-Portal Act

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?

was amended in 1990 to include the Older Worker Benefits Protection Act

The ADEA

provide lump sum awards in exchange for merit pay increases

The CEO of BoardCom Inc., James, negotiates a new union contract with the union leader. If James wants to reduce expenses and keep the union happy, which of the following suggestions is most likely to be helpful?

OFCCP

The agency that conducts reviews and seeks remedies where insufficient compliance to Executive Order 11246 is found is the _____.

the spillover effect

The phenomenon where the nonunion management continues to enjoy the freedom from union "interference" in decision making, and the workers receive the rewards already obtained by their unionized counterparts is known as ____

larger

When compared to the impact of unions during periods of strong economies, the impact of unions during periods of higher unemployment is _____.

The Dodd Frank Wall Street Reform and Consumer Protection Act

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?

skill

_____ is defined by the Department of Labor as the experience, training, education, and ability as measured by the performance requirements of a particular job.

third country national

a Korean citizen working for Toshiba, a Japanese company, in Canada is a

is negotiated at the time of initial contract negotiations with the timing and amount specified in the contract

a deferred wage increase__

a tally sheet

a useful took for determining the true worth of an entire executive compensation package is

unpaid interns

all of the following except____ would be considered a special compensation group

local country national

an Indian citizen working or a Japanese company in India is a

half the size

an employee who changes jobs four or more times during his or her career will likely receive a pension approx _________ as that of an employee whose working career is spent with one employer, assuming that both employees have the same starting salary and receive annual increases equal to inflation rate

full vesting after 3 years

an employer experiencing high turnover and seeking to reduce pension cost is likely to prefer:

lump sum awards

are one time cash payments to employees that are not added to an employee's base wages

incentive stock option

at the time it is granted, which of the following has no tax implications for an executive

access discrimination

denial of jobs, promotions, or training opportunities to qualified women or minorities are examples of

40

for an employee to gain lifetime coverage under Social Security, they must have worked for __ quarters during which they were covered by the Act

collective bargaining

has produced more comparable worth pay increases than any other approach

defined benefit plan

in a ____plan, an employer agrees to provide a specific level of retirement pension, which is expressed as either a fixed dollar or percentage of earnings amount that may vary (increase) with years of seniority in the company

two tier

in a __pay plan, a contract is negotiated which 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

become more receptive to alternate reward systems that link pay to performance

increased global competition has caused unions to

HIPPA

is designed to lessen an employer's ability to deny coverage to an employee for a preexisting condition.

purchase of stock at a stipulated price, not conforming with the Internal Revenue Code

nonqualified stock options require

Executive order 11246

prohibits discrimination on the basis of race, color, religion, sex or national origin

courts continue to uphold the use of market data to justify differences

regarding pay differences for different jobs

The Davis-Bacon Act

requires that mechanics and laborers on public construction projects be paid the prevailing wage in an area

30 to 40 percent

research indicates that the presence of a union adds about ___ to employee benefits

three-fourths

roughly __ of all employees have access to paid life insurance

use more performance based pay

slow growth and competition has led Japanese companies to

long-term incentives

the __ component of executive compensation has grown the most since 2012

Occupational Safety and Health Administration legislation

the __ specifies the number of breaks that must be provided in an eight hour workday

social comparison

the __ theory argues that executive pay rises to maintain the same relative relationship with the salaries of lower level employees

job evaluation

the base salary plus incentives for expatriates is usually determined by

increased use of variable pay

the biggest trend in supervisory pay centers on

enforces laws through agencies and its other bodies

the executive branch of the federal government

sub Saharan Africa

the highest rates of child labor are in

53

today, __ percent of the workers participate in the pension plan coverage provided by their employees

Sweden

which of the following countries has the highest number of people in the workforce belonging to unions?

a COLA clause

which of the following involves periodic adjustments based typically on changes in the consumer price index?

career category

which of the following is a factor determining base pay in the Japanese traditional national system?

they are faster to vest than defined benefit plans

which of the following is a feature of defined contribution plans?

base the wage-to-job evaluation point to ratio on the wages paid for female dominated jobs

which of the following is not one of the steps in establishing a comparable worth pay plan?

managerial jobs are covered by the agreements

which of the following is not true of the tariff agreements in Germany

farm workers

which of the following types of workers are generally NOT covered by workers' compensation

low pay in administrative or day labor positions

working through a temporary-help agency usually means