· ___________bridge the gap between organizational objectives and individual expectations and aspirations.
Rewards
Employment practices
Financial systems
Corporate compensation systems
· 2
The Sarbanes–Oxley Act of 2002 requires that
companies can seek repayment for incentives paid that were later found to be materially inaccurate
executives cannot retain bonuses or profits from selling company stock if they mislead the public about the financial health of the company
the Securities and Exchange Commission meet annually to discuss bonuses
the minimum wage change each year
· 3
______________cover 128 million workers in the United States.
Defined-contribution programs
Defined-benefit programs
Workers’ compensation programs
Point-of-service programs
· 4
In the United States, salary discussions among employees are protected under
Salary.com
the Equal Pay Act (1963)
the National Labor Relations Act (1935)
the Fair Labor Standards Act (1938)
· 5
Which of the following is NOT another name for gain sharing?
The Scanlon plan
Control-based compensation
Improshare
The Rucker plan
· 6
Which of the following laws established the first national minimum wage?
Fair Labor Standards Act (1938)
Walsh–Healey Act (1936)
Davis–Bacon Act (1931)
McNamara–O’Hara Service Contract Act (1965)
· 7
The gatekeeper in a managed care health insurance plan is the
the HR representative
primary care physician
insurance cost monitor
the employee
· 8
In labor economics, __________________ theory holds that unless an employee can produce a value equal to the value received in wages, it will not be worthwhile to hire that worker.
the willingness to reduce the size of the workforce
the marginal productivity
the concern with pay for position
the percent of company offerings
· 9
The type of private pension plan in which an employer promises to pay a retiree a stated pension is a
defined-contribution plan
defined-performance plan
defined-benefit plan
defined-retirement plan
· 10
What is driving the increasing costs of healthcare?
Rising cost of childcare
Increasing numbers of legal immigrants
Passage of the health care exchanges
Aging population and an increase in obesity
· 11
Narrowing pay ratios between jobs or pay grades in a firm’s pay structure is
pay inequality
pay compression
pay secrecy
pay security
· 12
Gain sharing plans consist of all EXCEPT which of the following elements:
A philosophy of cooperation
An internal equity
An involvement system
A financial bonus
· 13
________________ provides a supplemental, one-time payment when death is accidental, and it provides a range of benefits when employees become disabled—that is, when they cannot perform the main functions of their occupations.
A point-of-service plan
Disability coverage
Medical underwriting
A preferred provider payment
· 14
One strategic issue that should influence the design of benefits is an organization’s
plan to pay panel
stage of development
value to employees
shareholder’s form
· 15
At a comprehensive point of view, a(n) _____ includes anything an employee values and desires that an employer is able and willing to offer in exchange for employee contributions.
competency-based pay system
organizational reward system
merit-pay method
employee stock ownership plan
· 16
One downside of team incentives is that
it does nothing to educate employees about the factors of business success and capitalism
it does not provide retirement income to employees
managers do not feel that incentives motivate employees equally
most employees do not feel that their jobs have a direct impact on profits
· 17
Open pay systems tend to work best when
job performance can be measured objectively
business strategy matches the organizational development stage
effort and performance are related closely over a long time span
there is a union to negotiate pay increases
· 18
__________ is not legally required, and, because of unemployment compensation, many firms do not offer it.
Cost shifting
Severance pay
Retirement pay
Short-term disability
· 19
Reviews of both laboratory and field tests of _____________ are quite consistent. Individuals tend to follow a norm of fairness and to use it as a basis for distributing rewards.
equity theory
the external labor market
the internal labor market
organizational needs
· 20
Evidence indicates that the perceived value of benefits rises when employers introduce
higher salaries
choice through a flexible benefits package
more jobs
flexible supervisors
· 21
Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans that have 1-year service?
HIPAA (1996)
ADA (1990)
COBRA (1985)
ERISA (1974)