HRM 531 Week 2 Quiz 100% Score - UOP Work

HRM 531 Week 2 Quiz 100% Score - UOP Work
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HRM 531 Week 2 Quiz Questions

21/21 (100%)

  • 1

Gain sharing plans consist of all EXCEPT which of the following elements:

An involvement system

A financial bonus

A philosophy of cooperation

An internal equity

  • 2

In the United States, salary discussions among employees are protected under

the National Labor Relations Act (1935)

the Fair Labor Standards Act (1938)

the Equal Pay Act (1963)

Salary.com

  • 3

Which of the following laws established the first national minimum wage?

McNamara–O'Hara Service Contract Act (1965)

Davis–Bacon Act (1931)

Fair Labor Standards Act (1938)

Walsh–Healey Act (1936)

 

  • 4

Evidence indicates that the perceived value of benefits rises when employers introduce

more jobs

flexible supervisors

higher salaries

choice through a flexible benefits package

  • 5

What is driving the increasing costs of healthcare?

Rising cost of childcare

Increasing numbers of legal immigrants

Aging population and an increase in obesity

Passage of the health care exchanges

  • 6

___________ bridge the gap between organizational objectives and individual expectations and aspirations.

 

Financial systems

Corporate compensation systems

Rewards

Employment practices 

  • 7

Which of the following is NOT another name for gain sharing? 

Control-based compensation

Improshare

The Rucker plan

The Scanlon plan

  • 8

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

  •  
  • 9

One downside of team incentives is that 

managers do not feel that incentives motivate employees equally

it does nothing to educate employees about the factors of business success and capitalism

it does not provide retirement income to employees

most employees do not feel that their jobs have a direct impact on profits

  • 10

______________cover 128 million workers in the United States.

Defined-contribution programs

Defined-benefit programs

Point-of-service programs

Workers’ compensation programs 

  • 11

__________ is not legally required, and, because of unemployment compensation, many firms do not offer it.

Severance pay

Short-term disability

Retirement pay

Cost shifting

 

  • 12

The Sarbanes–Oxley Act of 2002 requires that

 

the minimum wage change each year

executives cannot retain bonuses or profits from selling company stock if they mislead the public about the financial health of the company

companies can seek repayment for incentives paid that were later found to be materially inaccurate

the Securities and Exchange Commission meet annually to discuss bonuses

  • 13

Narrowing pay ratios between jobs or pay grades in a firm’s pay structure is

pay security

pay compression

pay secrecy

pay inequality

  • 14

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. 

organizational reward system

merit-pay method

employee stock ownership plan

competency-based pay system

  • 15

________________ 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.

Disability coverage 

Medical underwriting

A preferred provider payment

A point-of-service plan

  • 16

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

organizational needs

the internal labor market

 

  • 17

Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans that have 1-year service?

COBRA (1985)

ERISA (1974)

ADA (1990)

HIPAA (1996)

  • 18

Open pay systems tend to work best when

effort and performance are related closely over a long time span

job performance can be measured objectively

business strategy matches the organizational development stage

there is a union to negotiate pay increases

  • 19

One strategic issue that should influence the design of benefits is an organization’s

value to employees

plan to pay panel

stage of development

shareholder’s form

 

  • 20

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 percent of company offerings

the marginal productivity 

the concern with pay for position

  • 21

The gatekeeper in a managed care health insurance plan is the

the HR representative

insurance cost monitor

primary care physician

the employee