Compensation sample

True

A disadvantage of flexible benefits program is that they increase administrative burdens

True

A major problem with Social Security is a rising number of retirees without a corresponding increase in the number of contributors

Known as decentralized strategy

A management strategy of giving separate organization units the responsibility to design and administer their own compensation system is _______________.

Exporter

A(n) ___________ approach to compensation involves designing a total pay system at headquarters and applying it globally.

Hierarchical

According to Hofstede's cultural dimensions in Malaysia and Mexico, where there is high power distance, _______________ pay structures are appropriate.

false

All employee benefits provided by employers are taxable

A. success-sharing plans B. merit bonuses C. profit-sharing plans D. COST-OF-LIVING INCREASES

All of the following EXCEPT ____________ require periodically re-earning the added pay.

True

Compensation committees of boards of directors typically set executive salaries

True

During performance appraisals, managers tend to focus on either good performance, counterproductive performance, or both.

True

Employees working under individual incentive plans tend to resist the introduction of new technology

False

Flexible compensation is based on the idea that the organization knows what package of rewards would best suit an individual employee's needs

False

Halo error is the error that occurs when an employee is downgraded across all performance dimensions exclusively because of poor performance in one dimension

Seniority

In Japan, internal alignment based on _____________ is far more important than other factors.

Alternation

In _______________ ranking, raters look at a list of employees, decide who the best employee is, and cross that persons name off the list. From the remaining names, the manager decides who the worst employee is and crosses that name off the list--- and so forth.

two-tier

In a(n) _________ pay plan a contract is negotiated which specifies that employees hired after a given target date will receive lower wages than their hired seniority peers working on the same or similar jobs

dual-career ladder

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:

False

In the formula "Behavior=f(M,A,E)" M denotes monetary incentives

True

In the long run, merit bonuses cost employees less than merit pay

Disparate impact

In which of the following types of cases is the focus on the discriminatory consequences rather than the intent to discriminate?

False

Incentive stock options may be deducted as a company expense

False

Individual incentives yield lower productivity gains than group incentives

True

Maslow's theory suggests that performance-based pay can be demotivating if it impinges upon employees' capacity to meet daily living needs

False

Medicare is not part of Social Security

False

Most contracts recognize that jobs int he same occupations should receive different pay rates

financial compensation

Popular stereotypes of salespeople characterize them as being heavily motivates by _________?

True

Risk-sharing plans include a provision for cuts in base pay that are only recaptured in years when an organization meets performance objectives

Increase the base base component of its pay mix

San Diego Music (SDM) is experiencing an increase in turnover rates for its top employees. Upon consulting with its managers for the reasons for this increase. SDM finds that employees are uneasy with the current pay mix as it involves too many risky elements. In order to make the pay mix less risky, SDM needs to:

True

Security in therms of compensation refers to the predictability of ones paycheck from one time to the next

medical insurance

Surveys show that the most highly valued benefit is

False, its Germany

The Country with the highest unionization rate in Europe is France, where 90 percent of workers are union members.

outsourcing

The biggest cost-containment strategy in recent years is the movement to

True

The vast majority of contracts specify that a job is to be compensated on hourly basis

The extent to which a culture programs its members to feel either uncomfortable or comfortable in unstructured situations.

Uncertainty avoidance is:

True

Understanding international compensation begins with recognizing differences and similarities and figuring out how to best manage them.

larger

When compared to the impact of unions during periods of strong economies, the impact of unions, during periods of higher unemployment is __________?

long term incentives

Which component of executive compensation has grown the most since 2012?

Computer employees

Which of the following groups can qualify for the exceptions under the Fair Labor Standards Act of 1938?

The Dodd-Frank Wall Street Reform and Customer 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 the accounting standards?

Pensions and retirement plans

Which of the following is NOT a benefit that is required by statutory law?

It requires that employers provide 15 weeks of medical leave to employees

Which of the following is NOT a provision of the Fair Labor Standards Act of 1938?

Their ratings are immune to halo and leniency errors

Which of the following is NOT a strength of supervisors as raters?

Growing industries are most heavily unionized, while declining industries are less so

Which of the following is NOT one of the popular explanations for the decline of union membership?

They are immune to leniency errors

Which of the following is NOT true regarding self-ratings?

Lump-sum death payments

Which of the following is a benefit under Social Security?

It defers a portion of taxes to employees

Which of the following is an advantage of providing stock ownership options as variable pay to employees?

Removal of merit pay lowers satisfaction but not performance

Which of the following statements about merit pay is NOT true?

Paired-Comparison ranking

Which of the following types of rankings would be least preferred by managers of more than 10-15 employees?

False

While government affects the supply of labor through legislation, it has no effect on the demand for labor

False

Workers compensation is covered by federal laws

COBRA (1984)

___________ allows employees who have resigned or have been laid off through no fault of their own to continue receiving health coverage under the employer's plan at a cost borne by the employee.

Executive Order 11246

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