Chapter 1 Strategic Compensation: A Component of Human Resource Systems
1) What is the primary factor that will prevent companies from growing in the next decade?
A) increased government regulations
B) the inability to attract and retain employees
C) caps on executive pay in some organizations
D) increased global competition
Answer: B
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2) Which of the following would be an example of a non-monetary reward?
A) medical insurance
B) vacations
C) day care assistance
D) all of the above
Answer: D
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3) This law made it illegal to pay women less for performing equal work as men.
A) Equal Pay Act of 1963
B) Civil Rights Act of 1964
C) Davis — Bacon Act of 1931
D) Fair Labor Standards Act of 1938
Answer: A
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4) Which theory states that employees' knowledge and skills generate productive capital?
A) job characteristics theory
B) expectancy theory
C) equity theory
D) human capital theory
Answer: D
Diff: 1 Page Ref: 8
5) What is type of pay system rewards employees for partially or completely attaining a predetermined work objective?
A) seniority pay
B) merit pay
C) incentive pay
D) skill-based pay
Answer: C
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6) Which of the following is NOT one of the three broad categories that discretionary benefits fall into?
A) worker’s compensation laws
B) paid time off
C) protection programs
D) services
Answer: A
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7) Protection programs are what type of compensation benefits?
A) external
B) non-monetary
C) internal
D) monetary
Answer: B
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8) These are positive employer gestures that beyond what was required by law, created in part to thwart potential union activity.
A) employee benefit plans
B) welfare practices
C) scientific management practices
D) compensable factors
Answer: B
Diff: 2 Page Ref: 12
9) A company’s ability to sustain market share