Question 1
Question
When employees are enthusiastic about contributing to a company's success, they
have excellent:
Question 2
Question
Which of the following is an example of "indirect pay"?
Answer
-
Progression adjustment
-
Merit adjustment
-
Base Pay
-
Vacation pay
Question 3
Question
Which of the following statements is false about compa-ratio?
Answer
-
Compa-ratio will go up if an early retirement program for long-term
employees is introduced.
-
Compa-ratio will go up if a downsizing is done by reverse seniority.
-
Compa-ratio will go down with the hiring of many new grads.
-
Compa-ratios less than 1 are acceptable.
Question 4
Question
Which of the following statements about compensation surveys is false?
Answer
-
The mathematical middle of a data set is its average.
-
The 75th percentile is 25 percent higher than the 50th percentil
-
A weighted average is a mean that has been adjusted to reflect the size of
the organizations in the survey.
-
The median is the value in a ranking of pay levels below which half the
employers are paid less.
Question 5
Question
Which of the following is a long-term compensation plan?
Answer
-
Goal-sharing plan
-
Competitive bonus plan
-
Gain-sharing plan
-
Share purchase plan
Question 6
Question
Which of the following statements is false about reinforcement theory?
Answer
-
Positive reinforcement increases positive behaviour.
-
Extinction decreases negative behaviour.
-
Negative reinforcement decreases positive behaviour.
-
Punishment decreases negative behaviour.
Question 7
Question
Which of the following terms is associated with equity theory?
Answer
-
Procedural Justice
-
Instrumentality
-
Valence
-
Task Significance
Question 8
Question
When a job is designed to enable the employee to perform the complete cycle of
job activities, the employee will enjoy __________ the job provides.
Answer
-
High task significance
-
High skill variety
-
High job autonomy
-
High task identity
Question 9
Question
What compensable factors are required in a job evaluation process for it to be
compliant with the pay equity legislation?
Answer
-
Education, experience, authority, performance
-
Skill, effort, responsibility, working conditions
-
Knowledge, skill, experience, working conditions
-
Job class, gender dominance, career level, internal equity
Question 10
Question
Which of the following statements is true about a broadband base pay structure?
Answer
-
It is most appropriate for unionized environments.
-
It is less flexible than a standard pay structure.
-
It has fewer pay bands than a standard pay structure.
-
It results in a higher incidence of promotions.
Question 11
Question
Which of the following is NOT an element of job enrichment?
Answer
-
Job autonomy
-
Job enlargement
-
Task identity
-
Skill variety
Question 12
Question
Which of the following employee reward is a good long-term retention strategy?
Answer
-
Stock options
-
Commission
-
Piece work
-
Gain sharing
Question 13
Question
Which of the following is a design consideration when designing profit-sharing
plans?
Answer
-
Establishing the share price
-
Establishing the vesting period
-
The size of base pay reductions needed to fund the pool
-
Employee eligibility
Question 14
Question
Which of the following statements is false about the job evaluation process?
Answer
-
It is the process of collecting information on which job descriptions are
based.
-
It establishes the internal equity between jobs.
-
It can be an adversarial process.
-
It defines the criteria for determining job value.
Question 15
Question
Which of the following is the simplest job evaluation process?
Answer
-
Factor comparison method
-
Ranking method
-
Classification method
-
Point factor method
Question 16
Question
The first step in analyzing compensation survey data is:
Answer
-
Establishing relative pay grades and ranges
-
Calculating compa-ratios
-
Correlating job evaluation points with the market data
-
Assessing measures of central tendency and variation
Question 17
Question
What should employees expect under an employee stock bonus plan?
Answer
-
Employees receive shares at no cost.
-
Employees are able to purchase company shares based on performance.
-
Employees receive a bonus equivalent to the increase in company share
value.
-
Employees receive the cash value of phantom shares.
Question 18
Question
Which of the following theories states that stimulus leads to response that leads to
consequence?
Answer
-
Punishment
-
Consequence
-
Reinforcement
-
Equity