Strayer BUS409/ BUS409 All Quiz

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Quiz 1

Question 1

3 out of 3 points

What type of pay system rewards employees for partially or completely attaining a predetermined work objective?

Question 2

3 out of 3 points

These ordered sets of jobs make it easy for compensation managers to give a clear relative value for all jobs within a company.

Question 3

3 out of 3 points

Ryanair uses one type of aircraft in its fleet and requires their passengers to carry their luggage to the plane. Ryanair's decisions exemplify which of the following competitive strategies?

Question 4

3 out of 3 points

Protection programs are what type of compensation benefits?

Question 5

3 out of 3 points

These compensation systems go a long way in attracting and retaining the most qualified employees, and are based upon market surveys and compensation surveys.

Question 6

3 out of 3 points

These describe the terms of employment that are set between management and union bargaining representatives.

Question 7

3 out of 3 points

This law made it illegal to pay women less for performing equal work as men.

Question 8

3 out of 3 points

Which of the following is NOT one of the three broad categories that discretionary benefits fall into?

Question 9

3 out of 3 points

Samuel is a recently hired HR professional working at XYZ Motor Co. His current project involves recording the time it takes assembly workers to complete their tasks. With the help of industrial engineers in the manufacturing plant, the aim of this project is to identify the most effective ways of assembly operations. Which of the following is NOT related to Samuel's project?

Question 10

3 out of 3 points

Which of these is a company sponsored program that provides income to workers throughout their retirement?

Question 11

3 out of 3 points

Which of these actions would HR seek to encourage in attempting to create a lowest-cost competitive strategy?

Question 12

3 out of 3 points

What strategy describes the use of benefit and compensation packages in order to support both HR and competitive strategies?

Question 13

3 out of 3 points

What is a systematic process for gathering, documenting, and analyzing information in order to describe jobs?

Question 14

3 out of 3 points

This term suggests that a loss is likely for the firm, and that the individual will be left with little control.

Question 15

3 out of 3 points

A company's ability to sustain market share and profitability for several years running is referred to by what term?

Quiz 2

Question 1

3 out of 3 points

Based upon the FLSA child labor provisions, what is the minimum age that a child must be in order to be legally employed?

Question 2

3 out of 3 points

This was enacted in order to allow employees who are terminated, laid off, or have a change in their employment status to temporarily remain on the employer-sponsored medical insurance plan.

Question 3

3 out of 3 points

This amendment to the U.S. Constitution gives Congress the power to regulate commerce with foreign nations, individual states, and Indian Tribes.

Question 4

3 out of 3 points

Construction contractors, working on government contracts valued at more than $2,000, must pay their laborers and mechanics what type of local area based wage according to the Davis-Bacon Act of 1931?

Question 5

3 out of 3 points

Jennifer works as a clerk in a company. The essential function of her job is producing memoranda using word processing software. If she develops crippling arthritis, which act requires her employer to make reasonable accommodations such as providing a voice-recognition input device?

Question 6

3 out of 3 points

The "equal benefit or equal cost principle" is part of which Act?

Question 7

3 out of 3 points

Melissa has been working in XYZ Company for the last 8 years. She got a very attractive job offer from another company in the same industry and decided to leave her current company. She is one hundred percent vested. Which of the following acts guarantees that she cannot lose the pension benefits after she leaves her job in XYZ Company?

Question 8

3 out of 3 points

Which of the following example is NOT considered as a compensable work activity?

Question 9

3 out of 3 points

This law was established in order to regulate the implementation of various employee benefits and pension programs.

Question 10

3 out of 3 points

This law makes it illegal to discriminate against people with physical and mental disabilities both within and outside employment settings, including public transportation, public accommodations, and employment.

Question 11

0 out of 3 points

This act strengthened the Equal Pay Act of 1963 by now requiring employers to show that pay disparities are job related rather than sex-based. This act also prohibits employers from retaliating against employees who share their salary information.

Question 12

0 out of 3 points

These programs granted income to workers who were unable to work due to injuries sustained while on the job.

Question 13

0 out of 3 points

This provision mandates that federal government agencies take affirmative action in providing jobs for individuals with disabilities.

Question 14

3 out of 3 points

What are the revised guidelines introduced in 2004 for determining whether jobs are exempt from FLSA overtime pay provisions called?

Question 15

3 out of 3 points

This type of bargaining occurs when unions shift from bargaining for large pay increases to simply bargaining for greater job security.

Quiz 4

Question 1

3 out of 3 points

In addition to the guaranteed hourly pay rate, John receives incentives for every item produced over the designated production standard. What kind of incentive plan is used in this situation?

Question 2

3 out of 3 points

XYZ Manufacturing Co. uses a gain sharing plan that gives incentives to employees to finish products rather than to incentivize dollar savings. Therefore, this company measures productivity as the ratio In addition to the guaranteed hourly pay rate, John receives incentives for every item produced over the designated production standard. What kind of incentive plan is used in this situation?of standard labor hours and actual labor hours. What kind of gain sharing program does XYZ Manufacturing Co. use?

Question 3

3 out of 3 points

Customer satisfaction, labor cost savings, materials cost savings, and reduction in accidents were listed as typical performance measures for which type of incentive plan?

Question 4

3 out of 3 points

This incentive plan has a buy-back provision.

Question 5

3 out of 3 points

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.

Question 6

3 out of 3 points

These profit sharing plans award cash to employees on a quarterly or annual basis as part of their regular compensation.

Question 7

3 out of 3 points

This is another name for parallel teams.

Question 8

3 out of 3 points

This group incentive system was designed to provide employees with financial incentives for increasing customer satisfaction, increasing productivity, lowering costs, or improving safety.

Question 9

3 out of 3 points

With which profit sharing formula does the profit sharing pool become funded only after profits exceed a predetermined level but fall below some established maximum level?

Question 10

3 out of 3 points

The concept that a hard working employee is likely to stay at an incentive pay position is better known as this.

Question 11

3 out of 3 points

Which of the following is true regarding group incentive plans as opposed to individual incentive plans?

Question 12

3 out of 3 points

Which gain sharing plan bases incentives on the ratio between labor costs and sales value of production (SVOP)?

Question 13

3 out of 3 points

What is the main objective of Scanlon plans?

Question 14

3 out of 3 points

The general rule of thumb is that short-term company goals last less than how long?

Question 15

3 out of 3 points

Which of the following is true of most general stock compensation plans?

Question 16

3 out of 3 points

In the XYZ Corp. passenger car manufacturing plant, assembly line station team leaders are allowed to stop the assembly line by pulling a cord available at each station whenever they notice a serious quality problem in the assembly process. This is an example of which of the following terms?

Question 17

3 out of 3 points

The level of specialization or expertise an employee brings to a job are what type of skills?

Question 18

3 out of 3 points

Which person-focused model links pay levels to increased knowledge and skills within the same general job category?

Question 19

3 out of 3 points

According to the job characteristics theory, this core characteristic refers to the amount of freedom, independence, and discretion the employee enjoys in determining how to do the job.

Question 20

3 out of 3 points

Jamie earned a raise in pay when he finished the training for the Technician 2 position. He will receive another raise when he finishes the training for the Technician 3 position. The company is probably using which type of pay program?

Question 21

3 out of 3 points

This type of pay program rewards employees for successfully learning specific criteria.

Question 22

3 out of 3 points

This type of pay system is used by unions and contractors to reward their carpenters for increasing their carpentry abilities.

Question 23

3 out of 3 points

Which company emphasizes globalization, product services, and six sigma quality improvements for corporate growth? This company also offers a renowned two-year global program for high potential HR professionals that includes the opportunity for cross-functional experience.

Question 24

3 out of 3 points

This type of pay system rewards employees for successfully acquiring new job-related knowledge.

Question 25

3 out of 3 points

In the garment factory of XYZ Co., line workers are trained to be able to work at different manufacturing steps such as grading, cutting, sewing and assembling, pressing, etc. XYZ Co.'s strategy of training its workers to do different tasks is an example of which following term?

Question 26

0 out of 3 points

In this person-focused pay model, employees are rewarded for increasing their skills within a single job family, even if the skills do NOT build on each other.

Question 27

3 out of 3 points

Pay-for-knowledge and skill-based pay are two types of person-focused pay programs that fall under this pay category.

Question 28

3 out of 3 points

When a filing clerk is trained to maintain employee attendance records, it is an example of acquiring which type of skills?

Question 29

3 out of 3 points

Skill variety, task identity, autonomy, and feedback are the elements that make up this theory.

Question 30

3 out of 3 points

Which one of the following would be correct regarding person-focused pay programs?

Quiz 5

Question 1

3 out of 3 points

These are the salient job characteristics that are the general basis for job evaluations and are used to establish relative pay rates.

Question 2

3 out of 3 points

This describes job duties, tasks, and relevant factors needed to perform a job adequately.

Answer

Question 3

3 out of 3 points

These two are job evaluation techniques.

Question 4

0 out of 3 points

A human resource manager of a company decides to change the current job-content valuation technique by using a quantitative methodology. He thinks that the old approach fails to balance internal and external considerations while evaluating jobs. What type of job evaluation technique do you suggest for this HR manager?

Question 5

3 out of 3 points

Generalized work activities, organizational context, and work context are requirements under which O*NET category?

Question 6

3 out of 3 points

The federal GS classification system is divided into how many classifications?

Question 7

3 out of 3 points

Sarah works at a federal government agency. Her pay rate is determined by her GS level and work seniority. What type of job-content evaluation approach was used to categorize her job?

Question 8

3 out of 3 points

What was the main effect created by the revisions to the ADA regulations passed in 2008?

Question 9

3 out of 3 points

Which unit in the job analysis process is the smallest?

Question 10

3 out of 3 points

What type of jobs provide reference points to judge against other jobs within a company?

Question 11

3 out of 3 points

In the job analysis process this term represents a group of positions that are identical with respect to their major tasks.

Question 12

3 out of 3 points

This clearly defines the relative value of each job among all jobs within a company.

Question 13

3 out of 3 points

Which job evaluation method entails ordering jobs on the basis of extremes?

Question 14

3 out of 3 points

Market-based job evaluation uses which method to collect data to determine prevailing pay rates?

Question 15

0 out of 3 points

Valid and reliable job evaluations result from which two conditions?

Question 16

3 out of 3 points

When examining competitors' compensation offerings this term is used to describe the percentage of employer compensation costs that are applied to compensation and benefits.

Question 17

3 out of 3 points

What does it mean when the distribution of data is skewed to the right?

Question 18

3 out of 3 points

As of September 2010, U.S. companies spent approximately how much per employee for discretionary benefits?

Question 19

3 out of 3 points

These are used as reference points for setting pay levels.

Question 20

3 out of 3 points

In statistical analysis, this term is used to signify the possible extreme observations.

Question 21

3 out of 3 points

The Consumer Price Index represents the average price changes for the price of goods and services in how many regions?

Question 22

3 out of 3 points

This term is defined as an in-depth examination of the external and internal environmental factors that are likely to have the greatest impact on the future of the company.

Question 23

3 out of 3 points

In regression, what does it mean when the R2 = 1?

Question 24

3 out of 3 points

These are reference points against which jobs within the company are judged.

Question 25

3 out of 3 points

Market lag policies are generally set to which quartile in the salary survey?

Question 26

3 out of 3 points

This term refers to the distance of each salary figure from the mean.

Question 27

3 out of 3 points

This causes compensation survey data to become obsolete fairly quickly.

Question 28

These are the two types of central tendency measures that are pertinent to compensation.

Question 29

3 out of 3 points

Compensation professionals in XYZ Company use regression analysis to determine the pay rates of its marketing professionals. There are 4 different marketing job titles in XYZ Company. Compensation professionals use job evaluation points assigned to each marketing job title and a salary survey data. In other words, they regress job evaluation points on the salary data. What does it mean when the R2 value of this regression turns out to be 0.85?

Question 30

0 out of 3 points

Jose Escobar conducts a survey of salaries at UB2 Enterprises and finds that 50% of the workers fall below the market pay average of $32,000. In which quartile do the workers at ERL Enterprises fall?

Quiz 6

Question 1

3 out of 3 points

What represents the relationship between a company's valuation of jobs based on job evaluation and the valuation of jobs within the external market, as assessed by compensation surveys?

Question 2

3 out of 3 points

What types of companies are most likely to utilize two-tier wage systems?

Question 3

3 out of 3 points

Which scenario would be appropriate for using a salary-only plan?

Question 4

3 out of 3 points

Midpoint, minimum, and maximum are values used to define which of the following?

Question 5

3 out of 3 points

Which term is used to describe the situation where the pay spread between newly hired employees and more qualified job incumbents is small?

Question 6

3 out of 3 points

This term describes a set of skills necessary to perform a specific job or a group of similar jobs.

Question 7

3 out of 3 points

A recently opened car dealer uses an incentive compensation plan for its sales people. The dealer provides money to its salespeople to cover basic living expenses and then shares a fixed percentage of the selling price of each car that a salesperson sells. However, the salesperson should repay the subsistence pay component within a year; otherwise he/she cannot continue in the employment of this dealer. What type of sales compensation plan does this dealer adopt?

Question 8

3 out of 3 points

John is just hired by a software company as a programmer. He is also a part-time student at the local college and needs just a few credits to graduate from this college. A college degree is required in order to work as a programmer in this software company. Therefore, John receives below-minimum pay rate until he graduates from college. What type of pay rate does John receive?

Question 9

3 out of 3 points

Richard's job has a compa-ratio of 0.85. What does this ratio tell about Richard's pay rate?

Question 10

3 out of 3 points

This theory suggests that an employee must regard his own ratio of merit increase pay to performance as similar to the ratio for other comparably performing people in the company.

Question 11

3 out of 3 points

A company adopting a commissions-oriented sales compensation plan would most likely be pursing which type of competitive strategy?

Question 12

3 out of 3 points

These represent the horizontal dimension of pay structures.

Question 13

3 out of 3 points

This type of commission draw acts as a salary because employees are not obligated to repay the loans if they do not sell enough to cover the amount.

Question 14

3 out of 3 points

With which sales compensation plan does the level of pay not vary when sales volume does?

Question 15

3 out of 3 points

This type of sales incentive compensation plan offers the sales person a salary and further compensation if they meet a specific, exceptional sales goal.

Quiz 7

Question 1

3 out of 3 points

XYZ Company provides a program for its employees who need help dealing with the effects of domestic violence. XYZ Company can offer this kind of service through which of the following programs?

Question 2

3 out of 3 points

XYZ Company tries to influence employee food choices by stocking vending machines with nutritional food. They also offer programs to teach stress reduction techniques. What kind of discretionary benefit program does this company sponsor?

Question 3

3 out of 3 points

Smoking cessation, stress reduction, and weight loss programs are examples of which type of employee benefit program?

Question 4

3 out of 3 points

Companies that offer long-term disability insurance plans only require an elimination period that runs how long?

Question 5

0 out of 3 points

This policy allows employees to schedule time off without having to justify the reasons, and is more effective in controlling absenteeism than other types of absence control policies.

Question 6

3 out of 3 points

The giving of one's time to support a meaningful cause is better known as this.

Question 7

3 out of 3 points

Referrals to on-site child care or elder care centers and company-sponsored day care programs are examples of which type of service?

Question 8

3 out of 3 points

What is the most common type of life insurance policy offered by companies?

Question 9

3 out of 3 points

This type of flexible work schedule allows employees to work four 10-hour days a week.

Question 10

3 out of 3 points

Outplacement assistance programs are best suited for which condition?

Question 11

3 out of 3 points

Which of the following is NOT a condition manifesting short-term disability?

Question 12

0 out of 3 points

Which of the following is a strategic purpose fulfilled by discretionary benefits?

Question 13

3 out of 3 points

You broke your neck at work. The company called to inform you that they had to switch your benefits from the short-term disability account to the long-term account. That means you've probably been off work around how long?

Question 14

3 out of 3 points

Long-term disability benefits usually pay employees which range of monthly pretax salary?

Question 15

3 out of 3 points

Due to a recent merger with another major airline, ABC Airlines decided to layoff some of its employees. ABC Airlines offers training sessions to teach job search and interviewing techniques to those laid off employees. What kind of service was provided by this airline?

Question 16

3 out of 3 points

What type of retirement plan is a 401(k)?

Question 17

3 out of 3 points

What are the two types of fee-for-service plans?

Question 18

3 out of 3 points

What type of pension plan commonly includes profit-sharing plans, stock bonus plans, and employee stock ownership plans?

Question 19

3 out of 3 points

This type of defined contribution plan, also known as a CODA, permits only private sector or tax-exempt employers' employees to tax defer part of their compensation to the trust of a qualified plan.

Question 20

3 out of 3 points

Mia has Parkinson's disease, but is on an insurance plan that enables her to have the drugs shipped to her house. She is probably on which type of prescription drug plan?

Question 21

3 out of 3 points

Starting January 1, 2004, eligible individuals are allowed to establish HSAs under which law?

Question 22

3 out of 3 points

Marty's employer has a prescription drug plan that will only make him pay 20% of cost of his prescription, if he goes only to certain pharmacies. What type of prescription drug plan does he have?

Question 23

3 out of 3 points

What is coinsurance?

Question 24

3 out of 3 points

Your company asked you to come up with a contribution plan that invests the contributions in company securities and distributes the payouts in stock instead of cash. Which plan would you suggest they use?

Question 25

3 out of 3 points

What percentage of Americans experience some form of mental illness at least once during their lifetime?

Question 26

0 out of 3 points

Which of the following represents the most approximate percentage for private sector employees who have access to at least one employer-sponsored health insurance program in 2010?

Question 27

3 out of 3 points

These represent a series of payments for the life of the participant and beneficiary.

Question 28

3 out of 3 points

A new employee comes into your office and asks you how many hours a year he has to work to qualify as a year towards his vesting requirements. What would you tell him?

Question 29

3 out of 3 points

Companies establish retirement plans following which of these three design configurations?

Question 30

3 out of 3 points

Jose invested $6,000 in pre-tax income into this healthcare plan, but lost the $780 left in it at the end of the year, because he didn't use it. What type of plan was it?

 

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