Compensation Exam 3
_____ prohibits discrimination on the basis of race, color, religion, sex, or national origin.
Executive Order 11246
The agency that conducts reviews and seeks remedies where insufficient compliance to Executive Order 11246 is found is the _____.
OFCCP
A(n) ??? awards cash or stock if specific goals are acheived
Performance share plan
Which of the following is a reason for unions opposing gain-sharing plans?
Reduced need for jobs due to increased productivity
Kayleaf 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?
Use of hierarchical pay structure as there is high power distance in China
A recent article analyzing the results from over 100 executives pay studies shows that the best predictor of executive pay, by far, is ???
firm size
Research indicates that the presence of a union adds about ?? to employee benefits
30 to 40 percent
Today, top executive pay is more than ?? times the pay of the average worker
300
The differential between supervisors based pay and their highest subordinate is typically ??? percent
5 to 30
??? is movement through the wage ranges where seniority is specified as the basis of the movement
Automatic progression
_____ has produced more comparable-worth pay increases than any other approach.
Collective bargaining
Which of the following is a reason for unions favoring gain-sharing plans?
Increase involvement with job activities
Which of the following actions is most likely to be favored by unions
Introducing lump-sum awards
Which of the following is NOT a provision of the Fair Labor Standards Act of 1938?
It requires that employers provide 15 weeks of medical leave to employees.
Which of the following statements about evolution and change in the traditional German model is true?
Many of the changes in Germany are the result of global competitive pressures and technological changes.
Annual bonuses often play a major role in executive compensation and are primarily designed to ???
Motivate better short-term performance
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?
The Dodd-Frank Wall street Reform and Consumer Protection Act
Under the _____, employers can be liable for current pay differences that are a result of discrimination that occurred many years earlier.
The Lilly Ledbetter Fair Pay 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?
The Portal-to-Portal Act
??? Is an example of a country with a high decentralized approach to pay setting with higher wage flexibility
The USA
?? sets salaries according to the home-country system and simply offers employees lump sums of money to offset differences i standards of living
The cafeteria approach
Which of the following involves periodic adjustments based typically on changes in the consumer price index?
a COLA clause
Denial of jobs, promotions, or training opportunities to qualified women or minorities are examples of _____.
access discrimination
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 a(n) ??
dual-career ladder
The biggest trend in supervisory pay centers on
increased use of variable pay
Which of the following is the most likely reason for most unions to insist on group-based performance measures with equal payouts to members?
it cuts down on strife and internal quarrels
Which of the following statements is true of the localization approach to expatriate compensation?
it ties salary to the host country's salary scales
When compared to the impact of unions during periods of strong economies, the impact of unions during periods of higher unemployment is
larger
An Indian citizen working for a Japanese company in India is a
local country national
The ??? component of executive compensation has grown the most since 2012
long-term incentives
The degree of discretion managers have to make total compensation a strategic tool is referred to as
managerial autonomy
Bonuses paid in Japan are
not necessarily related to performance
Nonqualified stock options require
purchase of stock at a stipulated price, not conforming with the internal revenue code
The Davis-Bacon Act _____
requires that mechanics and laborers on public construction projects be paid the prevailing wage in an area
When taxes are deducted from employees' earnings up to the same amount of taxes they would pay had they remained in their home country, it is known as
tax equalization
Uncertainty avoidance is
the extent to which a culture programs its members to feel either uncomfortable or comfortable in unstructured situations
MaxTrain Corp. recognizes that its competitor GlasWell Corp., which is unionized, offers higher wages and benefits. To avoid unionization from its workers, MaxTrain decides to offer the same wages and benefits to its employees as GlasWell. Which of the following phenomena is exemplified in this case?
the spillover effect
Executives, supervisors, and sales staff often receive special compensation treatment because
these jobs face conflicting demands
In a(n) ?? pay plan, a contract is negotiated which specifies that employees hired after a given target date will receive lower wages than the higher- seniority peers working on the same or similar jobs
two-tier
The ADEA _____.
was amended in 1990 to include the Older Workers Benefit Protection Act