HRM Quiz 8

jen justice
Quiz by jen justice, updated more than 1 year ago
jen justice
Created by jen justice over 2 years ago
32
1

Description

Business/Economics Quiz on HRM Quiz 8, created by jen justice on 04/03/2019.

Resource summary

Question 1

Question
A comprehensive approach to compensating and rewarding employees is frequently referred to as
Answer
  • total compensation.
  • total rewards.
  • total benefits.
  • complete compensation.
  • total direct compensation.

Question 2

Question
________ compensation refers to the financial rewards employees receive in exchange for their work.
Answer
  • Base pay
  • Indirect
  • Direct
  • Total
  • Traditional

Question 3

Question
The __________ and services employees receive in exchange for their work is called _________________.
Answer
  • pay; direct compensation
  • benefits; indirect compensation
  • commission; pay
  • training; total rewards
  • benefits; direct compensation

Question 4

Question
Job structure consists of the _________ for different jobs within the organization.
Answer
  • relative pay
  • fixed pay
  • incentive plans
  • pay levels
  • base pay

Question 5

Question
Pay structures are developed based on which of the following?
Answer
  • legal requirements
  • market forces
  • organization's goals
  • All of the answers are correct.
  • market forces and organization's goals

Question 6

Question
The procedure through which an organization compares its own practices to those of successful competitors is known as
Answer
  • gainsharing.
  • commercial intelligence.
  • benchmarking.
  • profiling.
  • None of the choices are correct.

Question 7

Question
Many organizations group jobs into sets of jobs having similar worth or content called
Answer
  • pay grades.
  • hourly rates.
  • pay policy groups.
  • pay ranges.
  • broadbands.

Question 8

Question
What type of pay system sets pay according to the employee's level of skill or knowledge and what they are capable of doing?
Answer
  • broadbanding
  • pay for individual performance
  • competency-based pay system
  • variable pay
  • standard hour plan

Question 9

Question
Organizations that want employees to focus on efficiency may adopt a _________ program, which measures increases in productivity and effectiveness and distributes a portion of each gain to employees.
Answer
  • commission
  • piecework
  • gainsharing
  • merit pay
  • bonus

Question 10

Question
Profit sharing involves awarding pay
Answer
  • that then becomes part of employees' base pay, in a manner similar to merit pay.
  • in order to discourage employees from thinking like owners.
  • based on individual performance.
  • that is a percentage of the organization's profits.
  • All of the answers are correct.

Question 11

Question
Stock ownership plans
Answer
  • make employees part owners of the organization.
  • are intended to encourage employees to focus on the success of the organization as a whole.
  • may not have a strong effect on individuals' motivation.
  • usually take the form of stock options or employee stock ownership plans.
  • All of the choices are correct.

Question 12

Question
The Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP) are
Answer
  • required by law.
  • mandatory.
  • contributory.
  • Required by law and mandatory.
  • All of the answers are correct.

Question 13

Question
Incentive pay is also referred to as
Answer
  • piecework rate.
  • market rate.
  • variable pay.
  • pay for performance.
  • variable pay and pay for performance

Question 14

Question
A gradual transition into full retirement by reducing hours or job responsibility is called
Answer
  • phased retirement.
  • defined retirement.
  • flexible retirement.
  • deferred retirement.
  • paced retirement.

Question 15

Question
Which of the following is a way to communicate total rewards information to employees?
Answer
  • question and answer meetings
  • online total rewards statements
  • intranet pages
  • brochures
  • All of the choices are correct.
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