HRM 430 Week 4 Midterm Exam

1.

Question :

(TCO 1) Compensation represents both _____ rewards.

intrinsic and extrinsic

introverted and extroverted

income and outcome

enter and exit

Question 2.

Question :

(TCO 1) Which theory states that employees' knowledge and skills generate productive capital?

Job characteristics theory

Expectancy theory

Equity theory

Human capital theory

Question 3.

Question :

(TCO 1) What is a systematic process for gathering, documenting, and analyzing information in order to describe jobs?

Job evaluation

Internal consistency

Job analysis

Strategic analysis

Question 4. Question : (TCO 1) Which of the following are the three broad categories of discretionary benefits?

Welfare practices, services, paid time off

Protection programs, paid time off, services

Paid time off, welfare practices, and protection programs

Services, protection programs, welfare practices

Question 5.

Question :

(TCO 5) When designing pay-for-knowledge programs, which of the following would be considered part of the transition matters phase?

Grouping skills

Aligning pay with the knowledge structure

Training

Skill types

Question 6. Question : (TCO 5) Which one of these issues is not addressed by the Fair Labor Standards Act of 1938?

Overtime pay

Child labor provisions

Executive compensation

Minimum wage

Question 7. Question : (TCO 7) Which of the following is an advantage of seniority pay systems? They reward exemplary performance. They reward employees on an objective basis. They help to promote product quality. They encourage employees to continue to increase their skill sets. Question 8. Question : (TCO 7) Gunther Rohn was rewarded for making a suggestion that saved Ewe and Eye Electronics thousands of dollars. Which type of incentive compensation approach might have worked best? Gain-sharing plan Group incentive programs Employee stock ownership plan Management incentive plans Question 9. Question : (TCO 7) This type of pay system is used by unions and contractors to reward their carpenters for increasing their carpentry abilities. Knowledge based Skill based Merit based incentive Question 10. Question : (TCO 5) Age discrimination of employees of federal contractors is prohibited by which executive order? 11414 11411 11141 11114 Question 11. Question : (TCO 5) Which federal government entity is responsible for the interpretation of employment laws? The executive branch The legislative branch The judicial branch The Department of Labor Question 12. Question : (TCO 5) Compensation differentials between men and women performing substantially similar work fall under the purview of which piece of legislation? Equal Pay Act of 1963 Age Discrimination in Employment Act of 1967 Americans with Disabilities Act of 1990 Civil Rights Act of 1964 Question 13. Question : (TCO 4) This term refers to a difference between the output of a human judgment process and that of an objective, accurate assessment uncolored by bias, prejudice, or other subjective and extraneous influences. Content validity Rating error The performance appraisal process A first-impression effect Question 14. Question : (TCO 4) Which comparison system requires the rater to place a specific number of employees into groups that represent the entire range of performances? Forced distribution Hierarchical Paired comparison The critical incident technique Question 15. Question : (TCO 4) Management by objectives is one method of which type of performance appraisal? 360-degree performance appraisal Goal-focused system Goal-oriented system Behaviorally anchored system 1.Question : (TCO 4) A manager expects high levels of performance from a newly hired employee. A year later, the manager rates this employee’s job performance higher than the actual performance due to his initial belief. What kind of rater error was made by the manager? First-impression effect Contrast errors Positive halo effect Negative halo effect Question 2. Question : (TCO 4) This term refers to the degree to which the job enables the employee to work on it from start to finish. Task identity Task significance Skill variety Feedback Question 3. Question : (TCO 4) These are four pay-for-knowledge programs. Cross-departmental training systems, skill blocks model, job-point accrual model, breadth-of-skills model Stair-step model, skill blocks model, job-point accrual model, cross-departmental training systems Job-point accrual model, cross-sectional training system, stair-step model, skill blocks model Cross-skills training system, stair-step model, job-point accrual model, skill blocks model Question 4. Question : (TCO 4) When a filing clerk is trained to maintain employee attendance records, it is an example of acquiring which type of skills? Horizontal Vertical Depth of Breadth of Question 5. Question : (TCO 4) Which person-focused model links pay levels to increased knowledge and skills within the same general job category? Stair-step model Skill blocks model job-point accrual model cross-departmental model Question 6. Question : (TCO 4) Which of the following are the two main reasons given for adopting pay-for-knowledge programs? Smaller labor market, technological innovation Technological innovations, lower labor costs Technological innovations, increased global competition Increased global competition, lower labor costs Question 7. Question : (TCO 8) Which gain-sharing plan focuses on lowering the percentage of labor costs using a value-added formula? Rucker plan Scanlon plan Behavior encouragement plan Improshare Question 8. 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. Fluctuating first dollar of profits Differed first dollar of profits Graduated first dollar of profits Fixed first dollar of profits Question 9. Question : (TCO 2) Which of the following are typically included in a job description? Job specification, job title, job summary Job summary, job salary, job specification Job title, job salary, job summary Job salary, job title, job specification Question 10. Question : (TCO 2) Which unit in the job analysis process is the smallest? Task Element Job Family Question 11. Question : (TCO 3) 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? Pay range Pay grade Market pay line Market-competitive pay structure Question 12. Question : (TCO 3) These are reference points against which jobs within the company are judged. Benchmark jobs Relevant labor markets Internal labor markets Human resource capabilities Question 13. Question : (TCO 6) How are compa-ratios calculated? Dividing the pay range midpoint by the employee's pay rate Dividing the employee's pay rate by the market line rate Dividing an employee's pay rate by the pay range midpoint Dividing the market line rate by the employee's pay rate Question 14. Question : (TCO 6) For which situation is a commission-only plan best suited? 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. Question 15. Question : (TCO 8) Which type of individual incentive plan requires the achievement of multiple complex objectives without compromising the quality and quantity of output generated by employees? Piecework plans Referral plans Management incentive plans Behavior encouragement plans