Quiz 5

A  compa-ratio

B  matrix ratio

C  market ratio

D  target ratio

A  Fair Labor Standards Act

B  Workers’ Compensation Act

C  National Labor Relations Act

D  Pay Equity Act

A  The living wage

B  Pay equity

C  Equality in compensation

D  Unbiased compensation

A  exempt employees

B  public sector employees

C  salaried employees

D  nurses

A  team-based variable pay on top of individual base pay

B  skill-based pay plus a percentage of base pay

C  equal pay for each team member based on team performance

D  individual pay-for-performance based on team member input

A  Jack will have a higher salary than Jerry.

B  Jerry and Jack will have identical salaries.

C  Jerry and Jack will have identical levels of pay satisfaction.

D  Jerry will have a higher salary than Jack.

A  quartile-based

B  performance

C  entitlement

D  total rewards

A  direct

B  indirect

C  intrinsic

D  intangible

A  balance the interests and costs of employers with the needs and expectations of employees

B  the strategic goals of the employer with the personal needs and goals of the employees.

C  the ability of the employer to pay with the needs of the employees for tangible and intangible rewards.

D  the need for the employer to generate profits with the needs of the employees to receive equitable pay.

A  Organizations depend heavily on consultants to design their compensation systems, and each consulting firm has its own system.

B  Different organizations have different organizational objectives and strategies.

C  There is no “one right way” to compensate employees. Many systems will work equally well in any organization.

D  Legal requirements mandate different types of compensation systems depending on the organization’s industry.