MGMT 2130 PRACTICE PROCTORED EXAM
QUESTIONS AND ANSWERS
Instrumentality refers to
a.wage rates of acceptable level.
b.development of both internal and external pay equity.c.wage rates above the pay
range maximum.
d.rewards that are valued and motivate employees. - Answers - d. rewards that are
valued and motivate employees.
An advantage to HRAs and FSAs is that
a.employees do not have to pay income tax on money received from their employers
through these accounts.
b.employees can accumulate savings with tax deferred until they take the money out at
retirement.
c.employees pay income tax on the money as it goes into the account, but then it grows
tax free until retirement.
d.there is no limit to the dollar amount that can be put in those accounts or what the
money can be spent on. - Answers - a. employees do not have to pay income tax on
money received from their employers through these accounts.
The Hay profile method uses which three factors for evaluating jobs?
a.Responsibility, knowledge, and mental ability
b.Responsibility, mental ability, and skill
c.Knowledge, accountability, and mental ability
d.Knowledge, skill, and responsibility - Answers - c. Knowledge, accountability, and
mental ability
The philosophy behind the Scanlon plan is that
a.organizational profits should improve through sales efforts.
b.managers and employees should establish quality and quantity goals for optimum
organizational performance.
c.rewards should be shared with employees based on improved profits.
d.employees should make suggestions to improve performance and be rewarded for
their contributions. - Answers - d. employees should make suggestions to improve
performance and be rewarded for their contributions.
In conducting a wage and salary survey for office personnel, the relevant labor market
to be surveyed is most likely
a.international
b.local.
c.regional.
d.national. - Answers - b. local.
, Long-term incentive plans in which rights are granted to executives to purchase shares
of their company's stock at a fixed price for a fixed period of time are known as
a.stock grants.
b.stock options.
c.performance shares.
d.restricted stocks. - Answers - b. stock options.
Under the Family and Medical Leave Act (FMLA), employees are eligible to take leave if
they have worked for their employers for at least twelve months, have at least
__________ hours of service, and work in organizations that have 50 or more
employees within a 75-mile radius.
a.750
b.1,250
c.1,500
d.1,000 - Answers - b. 1,250
A number of employees at LennoCorp have approached their supervisors to request
raises. They have said that colleagues who work for other companies in similar
positions receive a higher wage. How can LennoCorp ascertain the truth of this
anecdotal evidence?
a.Conduct wage and salary surveys
b.Investigate the CPI
c.Perform job evaluations
d.Initiate escalator clauses - Answers - a. Conduct wage and salary surveys
Steph works in a company that uses a piecework system. She is an extremely efficient
and is capable of producing more units per hour. However, she monitors the productivity
rate of her colleagues and is careful to never work at a faster pace than them. Steph is
limiting her own productivity to avoid
a.differentiation.
b.rate busting.
c.favoritism.
d.free-riding. - Answers - b. rate busting.
Employers pay for workers' compensation insurance in __________ states.
a.all
b.large
c.heavily industrialized
d.a majority of - Answers - a. all
The performance threshold in incentive pay programs is
a.a customized incentive plan which measures employee output and rewards
exceptional employee performance.
b.the minimum level an employee must reach in order to qualify for variable pay.
c.an organizational objective that signifies profitability.
QUESTIONS AND ANSWERS
Instrumentality refers to
a.wage rates of acceptable level.
b.development of both internal and external pay equity.c.wage rates above the pay
range maximum.
d.rewards that are valued and motivate employees. - Answers - d. rewards that are
valued and motivate employees.
An advantage to HRAs and FSAs is that
a.employees do not have to pay income tax on money received from their employers
through these accounts.
b.employees can accumulate savings with tax deferred until they take the money out at
retirement.
c.employees pay income tax on the money as it goes into the account, but then it grows
tax free until retirement.
d.there is no limit to the dollar amount that can be put in those accounts or what the
money can be spent on. - Answers - a. employees do not have to pay income tax on
money received from their employers through these accounts.
The Hay profile method uses which three factors for evaluating jobs?
a.Responsibility, knowledge, and mental ability
b.Responsibility, mental ability, and skill
c.Knowledge, accountability, and mental ability
d.Knowledge, skill, and responsibility - Answers - c. Knowledge, accountability, and
mental ability
The philosophy behind the Scanlon plan is that
a.organizational profits should improve through sales efforts.
b.managers and employees should establish quality and quantity goals for optimum
organizational performance.
c.rewards should be shared with employees based on improved profits.
d.employees should make suggestions to improve performance and be rewarded for
their contributions. - Answers - d. employees should make suggestions to improve
performance and be rewarded for their contributions.
In conducting a wage and salary survey for office personnel, the relevant labor market
to be surveyed is most likely
a.international
b.local.
c.regional.
d.national. - Answers - b. local.
, Long-term incentive plans in which rights are granted to executives to purchase shares
of their company's stock at a fixed price for a fixed period of time are known as
a.stock grants.
b.stock options.
c.performance shares.
d.restricted stocks. - Answers - b. stock options.
Under the Family and Medical Leave Act (FMLA), employees are eligible to take leave if
they have worked for their employers for at least twelve months, have at least
__________ hours of service, and work in organizations that have 50 or more
employees within a 75-mile radius.
a.750
b.1,250
c.1,500
d.1,000 - Answers - b. 1,250
A number of employees at LennoCorp have approached their supervisors to request
raises. They have said that colleagues who work for other companies in similar
positions receive a higher wage. How can LennoCorp ascertain the truth of this
anecdotal evidence?
a.Conduct wage and salary surveys
b.Investigate the CPI
c.Perform job evaluations
d.Initiate escalator clauses - Answers - a. Conduct wage and salary surveys
Steph works in a company that uses a piecework system. She is an extremely efficient
and is capable of producing more units per hour. However, she monitors the productivity
rate of her colleagues and is careful to never work at a faster pace than them. Steph is
limiting her own productivity to avoid
a.differentiation.
b.rate busting.
c.favoritism.
d.free-riding. - Answers - b. rate busting.
Employers pay for workers' compensation insurance in __________ states.
a.all
b.large
c.heavily industrialized
d.a majority of - Answers - a. all
The performance threshold in incentive pay programs is
a.a customized incentive plan which measures employee output and rewards
exceptional employee performance.
b.the minimum level an employee must reach in order to qualify for variable pay.
c.an organizational objective that signifies profitability.
