Quiz 5

A  target ratio

B  market ratio

C  matrix ratio

D  compa-ratio

A  National Labor Relations Act

B  Pay Equity Act

C  Fair Labor Standards Act

D  Workers’ Compensation Act

A  The living wage

B  Equality in compensation

C  Pay equity

D  Unbiased compensation

A  salaried employees

B  nurses

C  exempt employees

D  public sector employees

A  skill-based pay plus a percentage of base pay

B  equal pay for each team member based on team performance

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

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

A  Jerry will have a higher salary than Jack.

B  Jerry and Jack will have identical salaries.

C  Jack will have a higher salary than Jerry.

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

A  total rewards

B  entitlement

C  performance

D  quartile-based

A  direct

B  intangible

C  indirect

D  intrinsic

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

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

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

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

A  Different organizations have different organizational objectives and strategies.

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

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.