CORRECT ANSWERS
Which of the following information should be obtained in the application and interview
process?
Multiple select question.
Social Security number
Work history
Name, address, and telephone numbers
Marital status and number of children - Answer- Social Security number
Work history
Name, address, and telephone numbers
It is perfectly acceptable for companies to test their job candidates if Blank______
between performance on the test and the skill set necessary for success on the job is
present.
Multiple choice question.
only an indirect link
only a neutral link
a direct link
no link - Answer- a direct link
Identify the key issues that entrepreneurial businesses should consider when trying to
retain employees who add value.
Multiple select question.
The means of reviewing the performance of the employees
The religious and political views of the employees
The compensation and benefits offered to the employees
The number of external investors in the business - Answer- The means of reviewing the
performance of the employees
The compensation and benefits offered to the employees
Which of the following statements regarding a company's compensation system are
correct?
Multiple select question.
Employees often compare their salary with others at their company.
Salary and benefits play an important role in maintaining employee morale.
Companies have formal systems that publicize all information regarding a particular
employee's salary.
It needs to be fair and equitable for all employees. - Answer- Employees often compare
their salary with others at their company.
, Salary and benefits play an important role in maintaining employee morale.
It needs to be fair and equitable for all employees.
Equity theory states that employees judge _____.
Multiple choice question.
whether their effort will result in attaining a desired goal, e.g., a pay increase
how well they are treated in the context of how well others are being treated - Answer-
how well they are treated in the context of how well others are being treated
Employees who earn an hourly wage _____.
Multiple choice question.
are paid only for those hours they perform work
are compensated based on some percentage of sales
earn the same amount of compensation each week regardless of how many hours they
work
are paid a small salary along with a commission - Answer- are paid only for those hours
they perform work
A ______ is a set amount of compensation for a given time period.
Multiple choice question.
salary
commission - Answer- salary
Workers' compensation laws in the United States require the rates of workers'
compensation insurance to be the same in all states. - Answer- False
A commission _____.
Multiple choice question.
is payment based on some percentage of sales
is when the employee earns a low salary level but earns a percentage of the profits at
the end of the year
is a compensation system where there is a salary along with the commission
is a set amount of compensation for a given time period - Answer- is payment based on
some percentage of sales
The ______ established a minimum wage for workers.
Multiple choice question.
Employment Compensation Act (ECA)
Workers' Fair Compensation Act (WFCA)
Fair Labor Standards Act (FLSA) - Answer- Fair Labor Standards Act (FLSA)
Which of the following statements regarding performance reviews are correct?
Multiple select question.
All performance reviews should be communicated verbally, not in written form.
Employees should be given praise as well as details of areas of improvement.
They review an employee's performance against a set of goals.