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Hrm 430 Midterm

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1. | Question : | (TCOs 1, 5) Which type of compensation program is based, in part, on the human capital theory? | | | Student Answer: | | merit pay | | | | seniority pay | | | | incentive pay | | | | skill-based pay | | Instructor Explanation: | Textbook pg. 6 | | | | Points Received: | 5 of 5 | | Comments: | | | |

2. | Question : | (TCOs 1, 5) Tuition reimbursement is considered which of the following? | | | Student Answer: | | a legally-required benefit | | | | a protection program | | | | a discretionary benefit | | | | pay for time-not-worked | | Instructor Explanation: | Textbook pg. 11 | | | | Points Received: | 5 of 5 | | Comments: | | | |

3. | Question : | (TCOs 1, 5) Which of the following does NOT lead to experienced meaningfulness of work? | | | Student Answer: | | skill variety | | | | task significance | | | | differentiation | | | | task identity | | Instructor Explanation: | Textbook pg. 4 | | | | Points Received: | 5 of 5 | | Comments: | | | |

4. | Question : | (TCOs 1, 5) Which of the following are the three broad categories of discretionary benefits? | | | Student Answer: | | welfare practices, services, paid time-off | | | | protection programs, paid time-off, services | | | | paid time-off, welfare practices, protection programs | | | | services, protection programs, welfare practices | | Instructor Explanation: | Textbook pg. 7 | | | | Points Received: | 5 of 5 | | Comments: | | | |

5. | Question : | (TCOs 1, 5) Broadbanding is characterized by which of the following? | | | Student Answer: | | flatter, less hierarchical corporation structures | | | | expanding, less hierarchical corporation structures | | | | flatter, more hierarchical corporation structures | | | | expanding, more hierarchical corporation structures | | Instructor Explanation: | Textbook pg. 40 | | | | Points Received: | 5 of 5 | | Comments: | | | |

6. | Question : | (TCOs 1, 5) Which of the following is used to determine the kinds of compensation practices a company should use? | | | Student Answer: | | competition | | | | industry's long-term prospects | | | | industry profile | | | | industry market assessment | | Instructor Explanation: | Textbook pg. 30 | | | | Points Received: | 5 of 5 | | Comments: | | | |

7. | Question : | (TCOs 1, 5) The first four digits of the NAICS code represent what? | | | Student Answer: | | industry group | | | | industry | | | | subsector | | | | sector | | Instructor Explanation: | Textbook pg. 28 | | | | Points Received: | 5 of 5 | | Comments: | | | |

8. | Question : | (TCOs 1, 5) Strategic analysis involves which of the following three internal capabilities? | | | Student Answer: | | financial condition, human resources capabilities, functional capabilities | | | | financial condition, government regulations, functional capabilities | | | | human resources capabilities, government regulations financial condition | | | | functional capabilities, government regulations, human resources capabilities | | Instructor Explanation: | Textbook pg. 34 | | | | Points Received: | 5 of 5 | | Comments: | | | |

9. | Question : | (TCOs 1, 5) The Fair Labor Standards Act of 1938 addresses which three issues? | | | Student Answer: | | minimum wage, overtime pay, & child-labor | | | | minimum wage, overtime pay, pay discrimination | | | | minimum wage, child-labor, pay discrimination | | | | overtime pay, child-labor, pay discrimination | | Instructor Explanation: | Textbook pg. 51 | | | | Points Received: | 5 of 5 | | Comments: | | | |

10. | Question : | (TCOs 1, 5) Age discrimination of employees of federal contractors is prohibited by which Executive Order? | | | Student Answer: | | 11414 | | | | 11411 | | | | 11141 | | | | 11114 | | Instructor Explanation: | Textbook pg. 60 | | | | Points Received: | 5 of 5 | | Comments: | | | |

11. | Question : | (TCOs 1, 5) The term trainee is defined by which Act? | | | Student Answer: | | FMLA | | | | FLSA | | | | Equal Pay Act | | | | ADEA | | Instructor Explanation: | Textbook pg. 52/Table 3-1 | | | | Points Received: | 5 of 5 | | Comments: | | | |

12. | Question : | (TCOs 1, 5) This type of bargaining occurs when unions shift from bargaining more for job security than higher wages. | | | Student Answer: | | conciliatory | | | | concessionary | | | | collective | | | | compensation | | Instructor Explanation: | Textbook pg. 70 | | | | Points Received: | 0 of 5 | | Comments: | | | |

13. | Question : | (TCOs 1, 4) This term refers to a difference between the output of a human judgment processes and that of an objective, accurate assessments uncolored by bias, prejudice, or other subjective, extraneous influences. | | | Student Answer: | | content validity | | | | rating error | | | | the performance appraisal process | | | | a first-impression effect | | Instructor Explanation: | Textbook pg. 92 | | | | Points Received: | 5 of 5 | | Comments: | | | |

14. | Question : | (TCOs 1, 4) Management by objective is part of which type of performance appraisal system? | | | Student Answer: | | goal-oriented system | | | | trait system | | | | behavioral observation scale | | | | behaviorally-anchored rating scale | | Instructor Explanation: | Textbook pg. 88 | | | | Points Received: | 5 of 5 | | Comments: | | | |

15. | Question : | (TCOs 1, 4) Currently, union contracts and public sector employers rely mostly on this type of pay system. | | | Student Answer: | | seniority pay | | | | longevity pay | | | | merit pay | | | | knowledge-based pay | | Instructor Explanation: | Textbook pg. 78 | | | | Points Received: | 5 of 5 | | Comments: | | | |

16. | Question : | (TCOs 1, 4) What was the average amount of merit pay increases in 2006? | | | Student Answer: | | 4.0% | | | | 5.3% | | | | 6.1% | | | | 1.6% | | Instructor Explanation: | Textbook pg. 81 | | | | Points Received: | 5 of 5 | | Comments: | | | |

17. | Question : | (TCOs 1, 4) This term refers to the degree to which the job enables the employee to work on it from start to finish. | | | Student Answer: | | task identity | | | | task significance | | | | skill variety | | | | feedback | | Instructor Explanation: | Textbook pg. 139 | | | | Points Received: | 5 of 5 | | Comments: | | | |

18. | Question : | (TCOs 1, 4) Teams that have members learn scheduling, coordinating, training, and leading others are emphasized in what type of work team? | | | Student Answer: | | self-regulating work groups | | | | supervisory work teams | | | | management teams | | | | non-supervised work teams | | Instructor Explanation: | Textbook pg. 129 | | | | Points Received: | 0 of 5 | | Comments: | | | |

19. | Question : | (TCOs 1, 4) When a filing clerk is trained to maintain employee attendance records, it is an example of acquiring which type of skills? | | | Student Answer: | | horizontal | | | | vertical | | | | depth of | | | | breadth of | | Instructor Explanation: | Textbook pg. 129 | | | | Points Received: | 0 of 5 | | Comments: | | | |

20. | Question : | (TCOs 1, 4) Which of the following are the two main reasons given for adopting pay-for-knowledge programs? | | | Student Answer: | | smaller labor market, technological innovation | | | | technological innovations, lower labor costs | | | | technological innovations, increased global competition | | | | increased global competition, lower labor costs | | Instructor Explanation: | Textbook pg. 131 | | | | Points Received: | 5 of 5 | | Comments: | | | |

21. | Question : | (TCO 8) Which two incentive plans are appropriate for companies pursuing a differentiation strategy? | | | Student Answer: | | team-based and gain sharing | | | | piecework and current profit sharing | | | | gain sharing and piecework | | | | current profit sharing and team-based | | Instructor Explanation: | Textbook pg. 124 | | | | Points Received: | 5 of 5 | | Comments: | | | |

22. | Question : | (TCO 8) Which gain sharing program is based on a labor hour ratio and has a buy-back provision? | | | Student Answer: | | Rucker | | | | Improshare | | | | the Scanlon Plan | | | | management incentive plan | | Instructor Explanation: | Textbook pg. 116 | | | | Points Received: | 5 of 5 | | Comments: | | | |

23. | Question : | (TCO 8) Which gain sharing plan focuses on lowering the percentage of labor costs using a value-added formula? | | | Student Answer: | | Rucker Plan | | | | Scanlon Plan | | | | behavior encouragement plan | | | | Improshare | | Instructor Explanation: | Textbook pg. 115 | | | | Points Received: | 0 of 5 | | Comments: | | | |

24. | Question : | (TCO 8) This formula for determining the amount available for profit sharing uses a specific percentage of annual profits contingent upon the successful attainment of a specified profit goal. | | | Student Answer: | | fluctuating first-dollar-of-profits | | | | differed first-dollar-of-profits | | | | graduated first-dollar-of-profits | | | | fixed first-dollar-of-profits | | Instructor Explanation: | Textbook pg. 119 | | | | Points Received: | 5 of 5 | | Comments: | | | |

25. | Question : | (TCO 2) This is the systematic process for recognizing differences in the relative worth among a set of jobs and for establishing pay differentials accordingly. | | | Student Answer: | | job analysis | | | | job content | | | | job evaluation | | | | job-relatedness | | Instructor Explanation: | Textbook pg. 166 | | | | Points Received: | 5 of 5 | | Comments: | | | |

26. | Question : | (TCO 2) Which of the following are critical components in the job analysis process? | | | Student Answer: | | selecting and training analysts, choosing a single versus a multiple job description technique, choosing a job analysis program | | | | choosing a single versus a multiple job analysis technique, choosing a job analysis program, writing a job description | | | | choosing a job analysis program, writing a job description, selecting and training analysts | | | | choosing a single versus a multiple job description technique, selecting and training analysts, writing a job description | | Instructor Explanation: | Textbook pg. 149 | | | | Points Received: | 0 of 5 | | Comments: | | | |

27. | Question : | (TCO 3) In compensation surveys, how are relevant labor markets defined? | | | Student Answer: | | employment numbers, occupational classification, geography | | | | occupational classification, market competition, employment numbers | | | | occupational classification, geography and market competition | | | | geography, employment numbers, market competition | | Instructor Explanation: | Textbook pg. 186 | | | | Points Received: | 5 of 5 | | Comments: | | | |

28. | Question : | (TCO 3) When examining competitors' compensation offerings this term is used to describe the percentage of employer compensation costs that are applied to compensation and benefits. | | | Student Answer: | | mix | | | | quartile | | | | standard percentile | | | | nominal dollars | | Instructor Explanation: | Textbook pg. 180 | | | | Points Received: | 0 of 5 | | Comments: | | | |

29. | Question : | (TCO 6) What are below-minimum pay range rates referred to as? | | | Student Answer: | | red circle rates | | | | pay compression | | | | market lag rates | | | | green circle rates | | Instructor Explanation: | Textbook pg. 218 | | | | Points Received: | 5 of 5 | | Comments: | | | |

30. | Question : | (TCO 6) In which situation is a commission-only plan best suited? | | | Student Answer: | | the salesperson has little influence over the sales | | | | the company is following a lowest-cost strategy | | | | extensive training or expertise is required | | | | the sales cycle is long | | Instructor Explanation: | Textbook pg. 228 | | | | Points Received: | 0 of 5 | | |

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