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.