Human Resources
1
The Sarbanes–Oxley Act of 2002 requires that
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
executives cannot retain bonuses or profits from selling company stock if they mislead the public about the financial health of the company
the minimum wage change each year
Correct
2
One downside of team incentives is that
it does not provide retirement income to employees
it does nothing to educate employees about the factors of business success and capitalism
managers do not feel that incentives motivate employees equally
most employees do not feel that their jobs have a direct impact on profits
Incorrect
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)
Correct
4
What is driving the increasing costs of healthcare?
Passage of the health care exchanges
Aging population and an increase in obesity
Rising cost of childcare
Increasing numbers of legal immigrants
Correct
5
Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans that have 1-year service?
ERISA (1974)
COBRA (1985)
ADA (1990)
HIPAA (1996)
Incorrect
6
__________ is not legally required, and, because of unemployment compensation, many firms do not offer it.
Short-term disability
Cost shifting
Retirement pay
Severance pay
Correct
7
The gatekeeper in a managed care health insurance plan is the
insurance cost monitor
the employee
the HR representative
primary care physician
Incorrect
8
Open pay systems tend to work best when
effort and performance are related closely over a long time span
there is a union to negotiate pay increases
job performance can be
The Sarbanes–Oxley Act of 2002 requires that
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
executives cannot retain bonuses or profits from selling company stock if they mislead the public about the financial health of the company
the minimum wage change each year
Correct
2
One downside of team incentives is that
it does not provide retirement income to employees
it does nothing to educate employees about the factors of business success and capitalism
managers do not feel that incentives motivate employees equally
most employees do not feel that their jobs have a direct impact on profits
Incorrect
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)
Correct
4
What is driving the increasing costs of healthcare?
Passage of the health care exchanges
Aging population and an increase in obesity
Rising cost of childcare
Increasing numbers of legal immigrants
Correct
5
Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans that have 1-year service?
ERISA (1974)
COBRA (1985)
ADA (1990)
HIPAA (1996)
Incorrect
6
__________ is not legally required, and, because of unemployment compensation, many firms do not offer it.
Short-term disability
Cost shifting
Retirement pay
Severance pay
Correct
7
The gatekeeper in a managed care health insurance plan is the
insurance cost monitor
the employee
the HR representative
primary care physician
Incorrect
8
Open pay systems tend to work best when
effort and performance are related closely over a long time span
there is a union to negotiate pay increases
job performance can be