- Description
HRM 300T Week 5 Practice: Knowledge Check
Choose the single best answer for each of the questions in the Week 5 Knowledge Check.
Note: The question answers are randomized. You have unlimited attempts available to complete knowledge checks.
Fundamentals of Human Resource Management, 5e (Dessler)
Ch. 10, “Developing Compensation Plans”
Question 1
________ refers to all forms of pay or rewards going to employees and arising from their employment.
employee reimbursement
employee compensation
salary
benefits
Question 2
All of the following issues are addressed by the Fair Labor Standards Act EXCEPT ________.
minimum wage
termination
record-keeping
overtime pay
Question 3
Jill works as a cashier at a grocery store. She earns $10 an hour (or $400 for a 40-hour week). Last week, she worked 46 hours. What is the minimum amount that Jill earned last week?
$430
$490
$520
$460
Question 4
Which of the following is TRUE for employers who use independent contractors?
Payroll taxes are paid by the employer.
Fair Labor Standards Act overtime requirements do not apply.
Social Security taxes are higher than for regular employees.
Federal income taxes are charged at a reduced rate.
Question 5
Unions typically negotiate all of the following issues EXCEPT ________.
income security
unpaid medical leave
time off with pay
wage rates
Question 6
Which of the following terms refers to a compensation plan that advances a firm’s strategic goals?
performance pay plan
aligned reward strategy
strategic management
workers’ compensation package
Question 7
External equity refers to ________.
the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay
how a job’s pay rate in one company compares to the job’s pay rate in other companies
the fairness of an individual’s pay as compared to what his or her co-workers are earning for the same or very similar jobs within the company, based on each individual’s performance
how fair the job’s pay rate is when compared to other jobs within the same company
Question 8
Internal equity refers to ________..
the fairness of an individual’s pay as compared to what his or her co-workers are earning for the same or very similar jobs within the company, based on each individual’s performance
the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay
how a job’s pay rate in one company compares to the job’s pay rate in other companies
how fair the job’s pay rate is when compared to other jobs within the same company
Question 9
What type of pay plan is being used when workers are paid a sum for each unit they produce?
base pay
piecework
job-based pay
competency-based pay
Question 10
Which term refers to a compensation plan that includes traditional pay, job design, career development, and recognition?
point method
total rewards
competency-based pay
talent-management salaries
Question 11
Financial benefits like employer-paid insurance and vacations are not a part of employee compensation.
Question 12
When nonexempt employees work more than 40 hours per week, employers must pay overtime at a rate of at least one-and-a-half times the normal pay for any hours worked over 40 in a workweek.
Question 13
The Equal Pay Act states that employees of one sex may not be paid wages at a rate lower than that paid to employees of the opposite sex for doing roughly equivalent work.
Question 14
The provision of the Family and Medical Leave Act that entitles employees to take up to 12 weeks of unpaid, job-protected leave for the birth of a child only applies to women.
Question 15
External equity refers to how fair the job’s pay rate is when compared to other jobs within the same company.
Question 16
Which of the following terms refers to any salary increase the firm awards to an individual employee based on his or her individual performance?
merit pay
competency-based pay
incentive pay
variable pay
Question 17
According to research, which of the following has a significant impact on employee engagement?
awards
performance reviews
variable pay plans
job design
Question 18
The indirect financial and nonfinancial payments employees receive for continuing employment with the company are called ________.
benefits
reimbursement
salary
employee compensation
Question 19
Which term refers to the money that an employer and employee have placed in the employee’s pension fund that cannot be forfeited for any reason?
vested funds
thrift plans
stock options
cash balance funds
Question 20
Kim works a 4-day workweek that consists of 10-hour days. Kim’s employer most likely offers ________.
telecommuting options
flextime schedules
job sharing
compressed workweeks