Ch. 17 and 18

Total compensation in many organizations makes up at least ________ of operating expenses.

50%

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

access discrimination.

If Philadelphia has a CPI of 165 and Houston has a CPI of 145 and if both cities started with bases of 100, it means that

prices have risen faster in Philadelphia since the base year than in Houston.

A major advantage of a ________ is that it reduces benefits costs, something that the other cost-cutting options ordinarily do not achieve.

reduction in force

If red circle rates become common throughout an organization, then:

the design of the ranges and the evaluation of the jobs should be reexamined.

In the context of child labor, which of the following statements is true?

Child labor has decreased in most countries across the world in recent years.

Which of the following is the basic question to ask to improve quality and ensure that value is added by each technique and at each stage in the compensation system?

Does each specific activity directly contribute to our objectives?

Which of the following is a factor to control in order to manage labor costs in a simple labor cost model?

Employment

Which of the following statements regarding wage differences in industries and firms is NOT true?

Female employment is more heavily concentrated in large firms.

Which of the following is a test that must be met to qualify for the administrative employee exemption?

The employee must be compensated on a salary or fee basis at a rate not less than $455 per week.

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

a higher proportion of new hires were female.

Financially healthy employers may wish to maintain their competitive positions in the labor market or share financial success through

bonuses and profit sharing.

Regarding pay differences for different jobs,

courts continue to uphold use of market data to justify differences

The executive branch of the federal government

enforces laws through agencies and its other bodies.

Bottom-up budgeting includes the process of distributing forecasting instructions and worksheets where:

firms furnish managers with the forms and instructions necessary to preplan increases.

The Davis-Bacon Act

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