08 Oct The Pay Model, Strategy, and Structure

RESEARCH PROJECT https://lessons.pennfoster.com/pdf/412676.pdf

BOOK: https://online.vitalsource.com/#/books/1260784754/cfi/6/2!/4/2/2/[email protected]:0.0761

MULTIPLE CHOICE

The Pay Model, Strategy, and Structure

1. Which of the following programs introduced by Congress includes restrictions on executive pay that are

 

designed to discourage executives from taking “unnecessary and excessive risks”?

 

A. Corporate Welfare Program

 

B. Employee Welfare Program

 

C. Corporate Liability Relief Program

 

D. Troubled Asset Relief Program

 

2. Lino, a job analyst, is in the process of conducting a job analysis. He’s given an initial tour of the work

 

site by Anthony, a first-level supervisor, and by Kerri, a new recruit. According to the conventional job

 

analysis procedures developed by the U.S. federal government, which of the following steps should Lino

 

perform next?

 

A. Lino should prepare a preliminary list of duties that’ll serve as a framework for conducting interviews with Kerri and Anthony.

 

B. Lino should review existing documents in order to develop an initial familiarity with the job.

 

C. Lino should conduct an interview with Anthony to get an overview of the job.

 

D. Lino should conduct an interview with Kerri, as she’s in a better position to understand how the different tasks fit in the big

 

picture.

 

3. External factors are dominant influences on jobs filled via

 

A. demotions.

 

B. transferring employees.

 

C. promotions.

 

D. hiring graduates.

 

4. The job analysis method that uses information input, mental processes, work output, job context, other

 

job characteristics, relationships with other persons, and general dimensions is

 

A. task inventories method.

 

B. job tasks and elements inventory.

 

C. essential elements questionnaire.

 

D. the PAQ.

 

5. A hardware store has a rating system in place that rates employees on their friendliness, usefulness, and

 

product knowledge. Based on the ratings an employee receives, he or she gets an incentive. The

 

compensation strategy followed by the store is most closely described as a/an

 

A. cost-cutter strategy.

 

B. differentiation strategy.

 

C. innovator strategy.

 

D. customer-focused strategy.

 

6. Compensable factors, skill blocks, and competency sets are used for

 

A. collecting work content information.

 

B. assessing relative value.

 

C. completely different purposes.

 

D. determining what to value.

 

7. Bev is a CEO who wants to restructure the pay plan without increasing the labor costs in the long run.

 

She’s most likely to achieve this, while retaining her top employees, by

 

A. increasing incentive pay and decreasing base pay.

 

B. hiring more employees and reducing the marginal product output requirements.

 

C. increasing base pay and decreasing variable pay.

 

D. providing across-the-board increases on a monthly basis.

 

8. The most common way to collect job information is to

 

A. observe the person at work and take notes on what is being done.

 

B. ask supervisors to fill out a questionnaire.

 

C. interview incumbents.

 

D. ask incumbents to fill out a questionnaire.

 

9. Which of the following is an advantage of skill-based pay plans?

 

A. They’re less expensive than job-based plans.

 

B. They’re viewed more favorably by courts than any other type of pay plans.

 

C. They guarantee a low rate of employee turnover.

 

D. They aid in deploying workers in a way that better matches the work flow.

 

10. One of the reasons why eight in ten of the uninsured in the United States are from working families is

 

that

 

A. health insurance is costlier for larger employers.

 

B. many larger employers don’t offer health insurance as it doesn’t guarantee an increase in productivity levels.

 

C. most workers decline health insurance when offered by their employers.

 

D. many small employers are much less likely than larger employers to offer health insurance to their employees.

 

11. Which of the following tests of competitive advantage is probably the easiest test to pass?

 

A. Value-addition test

 

B. Integration test

 

C. Differentiation test

 

D. Alignment test

 

12. Which of the following reasons makes competencies a risky foundation for a pay system?

 

A. Lack of motivation and objectivity

 

B. Openness and nonquantifiable nature

 

C. Vagueness and subjectivity

 

D. Number of stakeholders and the lack of a global standard

 

13. According to a WorldatWork survey, the primary method of job evaluation is

 

A. market pricing.

 

B. the point method.

 

C. the classification method.

 

D. ranking.

 

14. Most unions prefer which of the following?

 

A. Large pay differences among jobs and performance-based promotions

 

B. Equal pay raises for employees

 

C. Large pay differences among jobs and seniority-based promotions

 

D. Small pay differences among jobs and seniority-based promotions

 

15. Career growth, hierarchy, and flexible design are most closely associated with the _______ aspect of

 

mapping a total compensation strategy.

 

A. external competitiveness

 

B. objectives

 

C. internal alignment

 

D. employee contributions

 

16. Which of the following companies is making efforts to improve the work/life balance of its employees?

 

A. Stormy Corp. increases the transport allowance for its employees by 10 percent.

 

B. Reis Corp. increases the number of paid holidays given to its senior employees.

 

C. Hightower Corp. increases the variable pay for its employees.

 

D. Ashby Corp. allows its employees to buy company stocks at a reduced price of $30 per share.

 

17. Based on the opinions of 10,000 U.S. workers, Hudson found that when given their choice of

 

unconventional benefits, most employees would select

 

A. more personal days and family leave.

 

B. more supplemental insurance.

 

C. a more flexible work schedule.

 

D. more job training.

 

18. Flexible-generic job descriptions would most likely be used with a/an _______ strategy.

 

A. cost-cutter

 

B. differentiated

 

C. customer-focused

 

D. innovator

 

End of exam

 

19. In today’s organizations, in order to increase competitiveness and success, work is analyzed by

 

separating transactional work from _______ work.

 

A. tacit

 

B. core

 

C. hygiene

 

D. system

 

20. The Americans with Disabilities Act has directly led many employers to

 

A. modify their job descriptions’ format to specifically call out essential elements.

 

B. modify special benefits so allowances can be made for people with disabilities as required by the law.

 

C. only use the task inventory method for job analysis.

 

D. only use the PAQ method for job analysis