ENT Exam 2
A company's compensation system is _____.
of the highest importance for employees
A ______ examines an employee's goals and the outcome of those goals over a particular given period.
performance review
______ rewards employees based on their performance.
A bonus
The last step in the employee hiring process is ______.
the job offer
Which of the following is the next step in the hiring process after the job description has been created?
Advertising the position
______ theory argues that people judge how they are treated relative to how they see others being treated.
Equity
The ______ established a minimum wage for workers.
Fair Labor Standards Act (FLSA)
True or false: Workers' compensation laws in the United States require the rates of workers' compensation insurance to be the same in all states.
False
An employee who earns a salary is paid _____.
a set amount of money that is paid without regard to how many hours worked in a given time period
Employees who earn an hourly wage _____.
are paid only for those hours they perform work
An entrepreneurial firm's package of benefits has ______ the compensation it offers to a job candidate.
as much of an impact as
The Fair Labor Standards Act _____.
established a minimum wage for workers
Equity theory states that employees judge _____.
how well they are treated in the context of how well others are being treated
A ______ is where a sales commission is paid in addition to a basic salary.
hybrid compensation system
It is perfectly acceptable for companies to test their job candidates _____.
if there is a direct link between performance on the test and the skills required for success on the job
The details of the ______ should be developed prior to the conversation with the candidate.
job offer
Marc and James were hired at the same time. They graduated from the same school with the same grade point average. They both work in the same department doing similar jobs. During their last review, both received similar performance ratings. James is paid $500 more than Marc. According to equity theory, how would Marc feel if he found out?
He would feel that he is compensated unfairly in comparison to James.
Business owners who offer profit sharing _____.
pay employees a small salary but offer a percentage of the profits that the company earns
A hybrid compensation system _____.
pays a salary along with a commission
A poorly performing employee is said to have a ____ impact on the entrepreneurial firm.
triple
Which of the following statements about human resources is NOT true?
The most important role of human resources is to meet basic legal requirements.
True or false: Hiring a family member does not eliminate discrimination issues for large family businesses.
True
True or false: Recruiting companies do an extremely good job recruiting and placing people with companies that have unique skill requirements.
True
Which of the following is not considered a benefit but is mandated by law?
Unemployment insurance