TEST BANK
Compensation, | 14th Edition
By Barry Gerhart
TE
ST
SO
LU
TI
O
N
,Table of Content
PART I: Introducing the Pay Model and Pay Strategy
Chapter 1: The Pay Model
Chapter 2: Strategy: The Totality of Decisions
PART II: Internal Alignment: Determining the Structure
Chapter 3: Defining Internal Alignment
TE
Chapter 4: Job Analysis
Chapter 5: Job-Based Structures and Job Evaluation
Chapter 6: Person-Based Structures
ST
PART III: External Competitiveness: Determining the Pay Level
Chapter 7: Defining Competitiveness
Chapter 8: Designing Pay Levels, Mix, and Pay
SO
PART IV: Employee Contributions: Determining Individual Pay
Chapter 9: Pay-for-Performance: Theory and Evidence
Chapter 10: Pay-for-Performance: Types of Plans
LU
Chapter 11: Performance Appraisals
PART V: Employee Benefits
Chapter 12: The Benefit Determination Process
TI
Chapter 13: Benefit Options
PART VI: Extending the System
O
Chapter 14: Compensation of Special Groups: Executives and Others
Chapter 15: Union Role in Wage and Salary Administration
N
Chapter 16: International Pay Systems
PART VII: Managing the System
Chapter 17: Government and Legal Issues in Compensation
Chapter 18: Management: Making It Work
,Student name:__________
Total CEO annual compensation at S&P 500 companies is roughly $12.3 million. At just over
half that total ($6.5 million), which compensation component comprises the majority of that total
compensation amount?
Stock option awards
Salary
TE
Stock grants
Bonuses
ST
The "say on pay" and clawback provisions are included in which of the following federal laws?
The Dodd-Frank Wall Street Reform and Consumer Protection Act
The Affordable Care Act of 2010
SO
The Fair Labor Standards Act (FLSA)
The Cost-of-Living Act (COLA)
LU
One of the reasons why the great majority of the uninsured in the United States are from working
families is that
many larger employers do not offer health insurance as it does not guarantee an increase in
TI
productivity levels.
health insurance is costlier for larger employers.
O
many small employers are much less likely than larger employers to offer health insurance to
their employees.
most workers decline health insurance when it is offered by their employers.
N
The degree to which pay influences individual and aggregate motivation among employees at
any point in time is referred to as a(n):
sorting effect.
Version 1 1
, incentive effect.
turnover effect.
directional effect.
Which of the following is an example of a relational return?
TE
A short-term incentive
Employment security
Allowances
ST
Income protection
SO
Which of the following is given as an increment to base pay in recognition of past work
behavior?
Merit bonuses
Relational returns
LU
Merit increases
A short-term incentive
TI
GreenRain Corporation faces an increase in its employee turnover rate. The CEO calls for a
board meeting with the senior executives to discuss the issue. Who among the following suggests
increasing the relational returns that employees receive to reduce the turnover rate at GreenRain?
O
Tom, who suggests increasing the decision-making authorities given to the employees to make
work more challenging
N
Deena, who suggests providing more work/life balance to the employees by increasing the
number of paid leaves
Syed, who suggests increasing the medical insurance coverage offered to the employees
Liam, who suggests increasing merit bonuses
Version 1 2
Compensation, | 14th Edition
By Barry Gerhart
TE
ST
SO
LU
TI
O
N
,Table of Content
PART I: Introducing the Pay Model and Pay Strategy
Chapter 1: The Pay Model
Chapter 2: Strategy: The Totality of Decisions
PART II: Internal Alignment: Determining the Structure
Chapter 3: Defining Internal Alignment
TE
Chapter 4: Job Analysis
Chapter 5: Job-Based Structures and Job Evaluation
Chapter 6: Person-Based Structures
ST
PART III: External Competitiveness: Determining the Pay Level
Chapter 7: Defining Competitiveness
Chapter 8: Designing Pay Levels, Mix, and Pay
SO
PART IV: Employee Contributions: Determining Individual Pay
Chapter 9: Pay-for-Performance: Theory and Evidence
Chapter 10: Pay-for-Performance: Types of Plans
LU
Chapter 11: Performance Appraisals
PART V: Employee Benefits
Chapter 12: The Benefit Determination Process
TI
Chapter 13: Benefit Options
PART VI: Extending the System
O
Chapter 14: Compensation of Special Groups: Executives and Others
Chapter 15: Union Role in Wage and Salary Administration
N
Chapter 16: International Pay Systems
PART VII: Managing the System
Chapter 17: Government and Legal Issues in Compensation
Chapter 18: Management: Making It Work
,Student name:__________
Total CEO annual compensation at S&P 500 companies is roughly $12.3 million. At just over
half that total ($6.5 million), which compensation component comprises the majority of that total
compensation amount?
Stock option awards
Salary
TE
Stock grants
Bonuses
ST
The "say on pay" and clawback provisions are included in which of the following federal laws?
The Dodd-Frank Wall Street Reform and Consumer Protection Act
The Affordable Care Act of 2010
SO
The Fair Labor Standards Act (FLSA)
The Cost-of-Living Act (COLA)
LU
One of the reasons why the great majority of the uninsured in the United States are from working
families is that
many larger employers do not offer health insurance as it does not guarantee an increase in
TI
productivity levels.
health insurance is costlier for larger employers.
O
many small employers are much less likely than larger employers to offer health insurance to
their employees.
most workers decline health insurance when it is offered by their employers.
N
The degree to which pay influences individual and aggregate motivation among employees at
any point in time is referred to as a(n):
sorting effect.
Version 1 1
, incentive effect.
turnover effect.
directional effect.
Which of the following is an example of a relational return?
TE
A short-term incentive
Employment security
Allowances
ST
Income protection
SO
Which of the following is given as an increment to base pay in recognition of past work
behavior?
Merit bonuses
Relational returns
LU
Merit increases
A short-term incentive
TI
GreenRain Corporation faces an increase in its employee turnover rate. The CEO calls for a
board meeting with the senior executives to discuss the issue. Who among the following suggests
increasing the relational returns that employees receive to reduce the turnover rate at GreenRain?
O
Tom, who suggests increasing the decision-making authorities given to the employees to make
work more challenging
N
Deena, who suggests providing more work/life balance to the employees by increasing the
number of paid leaves
Syed, who suggests increasing the medical insurance coverage offered to the employees
Liam, who suggests increasing merit bonuses
Version 1 2
