MGT 308 Quiz #15

Research indicates that the presence of a union adds about _____ to employee benefits. a. 5 to 15 percent b. 20 to 25 percent c. 30 to 40 percent d. 50 percent

c. 30 to 40 percent

Which of the following involves periodic adjustments based typically on changes in the consumer price index? a. A COLA clause b. A deferred wage increase c. A reopener clause d. An annual improvement adjustment

a. A COLA clause

A study of unions in 114 companies concluded that _____. a. the impact of unions on wages is lesser during recession b. the union-nonunion gap is the greatest during strong economies c. unions make a difference in wages across all studies and time periods d. unions are not responsible for any differences in wages

c. unions make a difference in wages across all studies and time periods

Which of the following plans gives employees part ownership in the company? a. ESOPs b. Pay-for-knowledge plans c. Gain-sharing plans d. Profit-sharing plans

a. ESOPs

_____ is movement through the wage ranges where seniority is specified as the basis of the movement. a. Length-of-stay progression b. Automatic progression c. Merit differential d. Performance differential

b. Automatic progression

Which of the following is a reason for unions favoring gain-sharing plans? a. Increased peer pressure to perform b. Increased involvement with job activities c. Increased flexibility in moving employees quickly into high-demand areas d. Increased clarity in bonus calculations

b. Increased involvement with job activities

Increased global competition has caused unions to: a. demand higher base wages than their international counterparts. b. become more receptive to alternate reward systems that link pay to performance. c. accept less variable pay in exchange for higher base pay. d. demand increases in product prices to cover for increased wage costs.

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

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 _____. a. automatic progression b. the spillover effect c. experience differential d. the equal mirror effect

b. the spillover effect

In the negotiation stage of a multiyear wage contract, Mark, the manager of SifCo Corp., specifies that changes will be made to the wage based on the changes in the consumer price index and mentions the effective dates of adjustment. Which of the following types of clauses has Mark introduced in the contract? a. Halo clause b. Spillover clause c. Escalator clause d. Reopener clause

c. Escalator clause

_____ are one-time cash payments to employees that are not added to an employee's base wages. a. Relational returns b. Merit increases c. Lump-sum awards d. Cost-of-living increases

c. Lump-sum awards

Which of the following statements regarding unions is NOT true? a. Union membership has fallen from approximately 20 percent to 11 percent since 1983. b. Unions peaked in the 1950s and 1960s. c. Since 1997, there has been a consistent 2 percent annual decrease in certification elections decided in favor of unionization. d. Since 1997, the number of union certification elections for firms has declined.

c. Since 1997, there has been a consistent 2 percent annual decrease in certification elections decided in favor of unionization.

A deferred wage increase _____. a. specifies that wages will be renegotiated at a specified time b. specifies that such nonwage items as pension and benefits will be renegotiated under certain conditions c. is negotiated at the time of initial contract negotiations with the timing and amount specified in the contract d. involves periodic adjustments based typically on changes in the consumer price index

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

Union employees in the public sector earn, on average, about _____ more than their nonunion counterparts. a. 40 percent b. 5 percent c. 14 percent d. 22 percent

d. 22 percent

When compared to the impact of unions during periods of strong economies, the impact of unions during periods of higher unemployment is _____. a. unknown b. the same c. smaller d. larger

d. larger

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 higher-seniority peers working on the same or similar jobs. a. skill-based b. efficiency-based c. one-tier d. two-tier

d. two-tier