Complete the mcq:
Compensation/Pay structure
1. Which of the following is an example of wage criteria bias?
A. Rich doesn't give Suzanne a high increase in pay because he feels that a woman isn't an effective employee.
B. Rich doesn't give Suzanne a high increase in pay because Suzanne's pay is already at a low rate due to a poorly designed job evaluation.
C. Rich doesn't give Suzanne a high increase in pay because Suzanne hasn't performed as well as is required for her job.
D. Rich doesn't give Suzanne a high increase in pay because there's not enough money in the budget to give every employee a raise.
2. A skill plan that's based on depth rather than breadth focuses on the skills required to
A. manage a warehouse.
B. drive a forklift.
C. manage people.
D. perform all of the accounting tasks for an organization.
3. Andrew is performing a job evaluation using the point method. He just created a list of the different levels of skills required for each factor. Which step did Andrew just complete?
A.Conduct the job analysis.
B. Determine compensable factors.
C. Scale the factors.
D. Weigh the factors according to importance.
4. Kurt is currently working with the labor union that represents the employees in his organization on developing a compensation strategy. Which step of the total compensation strategy formulation is he executing?
A. Assessing total compensation implications
B. Mapping a total compensation strategy
C. Implementing the strategy
D. Reassessing the strategy
5. Teresa is developing a Web site that will explain the organization's pay and benefits package to its employees. Which step of the total compensation strategy formulation is she executing?
A. Assessing total compensation implications
B. Mapping a total compensation strategy
C. Implementing the strategy
D. Reassessing the strategy
6. Stephanie works in the 2" -bolt manufacturing division and Christine works in the 6" -bolt manufacturing division. Stephanie earns a higher wage than Christine because the 2" bolts are manufactured in an area where the cost of living is much higher than the area where the 6" bolts are manufactured. Which of the following is this an example of?
A. Content
B.Relative contribution
C. Use value
D.Exchange value
7. Which of the following is an example of the ranking method being used to perform a job evaluation?
A. Using the job definitions that are provided on the Department of Labor Web site to create the different levels of positions within an organization
B.Creating 16 different descriptions in which each job within the organization will fit
C.Creating a list of specific tasks for each job and placing a value on each one based on how much they contribute to the organization's mission
D. Creating a list of specific skills required for each job and placing a value on each based on how much they contribute to the organization's mission
8. Kevin just completed a job evaluation for his organization. After presenting his findings to the HR director, he was told that the position of vice president didn't have a high enough salary based on its level of responsibility and the position of maintenance worker didn't have a high enough salary based on its level of responsibility. Which of the following was missing from Kevin's evaluation?
A. Supports organizational strategy
B.Supports work flow
C.Fair to employees
D. Motivates behavior toward organizational objectives
9. Shanda is performing a job analysis, and she sent a questionnaire to all the employees in the accounting department inquiring about the work that they perform. She noticed that there was a great deal of variance among different people who all hold the same position. None of them could agree on the work that they perform. Which of the following is missing from her job analysis?
A. Reliability
C.Acceptability
B. Validity
D. Usefulness
10. Brittany is collecting data for a job analysis, and she just finished collecting data on how store managers teach selling skills to their new sales associates so that they will be able to meet their individual daily sales goals. This is an example of which kind of information?
A. Identification
B.Content
C. Employee data
D.Essential elements
11. Which of the following is an example of higher wages based on human capital?
A. Gus earns more than Seymour because Gus is a member of a labor union and Seymour isn't.
B.Gus earns more than Seymour because Gus is much better at negotiating salary increases than Seymour.
C. Gus earns more than Seymour because Gus has been trained on all of the machines that are used on his manufacturing line.
D. Gus earns more than Seymour because Gus has missed fewer days of work than Seymour.
12. Forrest just gave his assistant a 3% raise because his assistant just took on the responsibility of department budgeting. Which of the following policy choices did Forrest just make?
A. Internal alignment
B.External competitiveness
C.Employee contributions
D.Management
13. Ana Lisa has a company credit card on which she is allowed to purchase gas for her car because her job requires her to drive a lot. This is an example of which form of pay?
A. Long-term incentive
B.Benefits: income protection
C. Benefits: work/life balance
D. Benefits: allowances
14. Paul works in a manufacturing plant where he is paid an hourly wage. In addition to his hourly wage, he is also paid a bonus amount based on the amount of minutes that he can reduce his per unit manufacturing time. Which of the following best describes Paul's incentive plan?
A. The pay is a constant function of production level, and the focus is on units of production per time period.
B. The pay is a constant function of production level, and the focus is on time period per units of production.
C. The pay varies as a function of production level, and the focus is on units of production per time period.
D. The pay varies as a function of production level, and the focus is on time period per units of production
15. The Jeffreys Company has a dynamic workforce that deals with constantly changing objectives that aren't always easy to understand. It's also a seasonal business, and organizational success can change on an annual basis. For example, last year was its best year ever, but the year before was the worst year ever due to one season. What would be the best strategy for the Jeffreys Company to pursue regarding rewards?
A. Focus on a wide range of nonmonetary rewards and include a large bonus potential.
B.Focus on a wide range of nonmonetary rewards but focus on higher base pay and lower incentives.
C.Focus on large monetary rewards with a large bonus potential.
D.Focus on large monetary rewards but focus on higher base pay and lower incentives
16. Chuck is an appliance salesman who is considered a risk taker. Which type of compensation plan would best motivate Chuck?
A.A flat hourly wage so that Chuck is paid based on the amount of time he works
B. An annual salary so that Chuck is paid the same amount regardless of the amount of time he works
C.A pure commission schedule so that Chuck is paid based on the amount of merchandise that he sells
D.An hourly wage plus a small quarterly bonus based on store sales
17. Which of the following types of plans saw an increase in use between 1996 and 2002?
A. Special recognition plans
B.Cash profit-sharing plans
C.Gain-sharing plans
D. Stock option plans
18. The McKinney Company can produce 200 printed shirts per day. It sells those shirts for $10 each to retailers, who then sell them for $15 each. It costs the McKinney Company $5 to produce one shirt. The McKinney Company just hired Sam as a machine operator, and it can now produce 230 shirts per day. What is the marginal revenue of Sam's labor?
A.$150
B.$300
C.$450
D. $2,300
19. The McKinney Company can produce 200 printed shirts per day. It then sells those shirts for $10 each to retailers, who then sell them for $15 each. It costs the McKinney Company $5 to produce one shirt. The McKinney Company just hired Sam as a Machine operator, and it can now produce 230 shirts per day. What is the marginal product of Sam's labor?
A.30 shirts
B.170 shirts
C. 200 shirts
D. 230 shirts