HRM Final Exam UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Customized benefit plan - CORRECT ANSWER benefit plan that permits employees to make
yearly selections to largely determine their benefit package by choosing between taxable cash and
numerous benefits
Balance sheet approach - CORRECT ANSWER An approach to developing an expatriate
compensation package that ensures the expat is "made whole" and does not lose money by taking the
assignment.
Corporate Sustainability - CORRECT ANSWER a business approach that creates long-term
consumer and employee value by creating a "green" strategy aimed toward the natural environment
and taking into consideration every dimension of how a business operates in the social, cultural, and
economic environment.
Workers Compensation - CORRECT ANSWER state programs that provide benefits to workers
who suffer work-related injuries or illnesses, or to their survivors
Right-to-work laws - CORRECT ANSWER A state law forbidding requirements that workers
must join a union to hold their jobs.
Case study - CORRECT ANSWER method of training and develop,net, trainees study
information provided in a business case and make decisions based on it.
Market lead policies - CORRECT ANSWER Pay higher wages and salaries
Job bidding - CORRECT ANSWER Internal recruiting method that allows employees to
indicate an interest in a position before one becomes available.
Promotion - CORRECT ANSWER movement of an employee to a higher-level within and
organization
, Fee-for-service plan - CORRECT ANSWER provides protection against health care expenses in
the form of a cash benefit paid to the insured
Reference checks - CORRECT ANSWER validations from individuals who know the applicant
that provide additional insight into the information furnished by the applicant and verification of its
accuracy
Flextime - CORRECT ANSWER a scheduling option that allows workers to choose when they
start and finish their workdays, as long as they complete the required number of hours
Indirect financial compensation - CORRECT ANSWER paid vacation, medical care, and other
discretionary benefits
Repatriation - CORRECT ANSWER process of bringing expatriates back to their home country
Merit pay - CORRECT ANSWER pay that is added to an employee's base pay based on the
level of his or her performance
Factor comparison method - CORRECT ANSWER Job comparison method that ranks each job
by each selected compensable factor (mental requirements, skills, physical requirements,
responsibilities, and working conditions) and then identifies dollar values to develop a pay rate.
Sexual harassment - CORRECT ANSWER quid pro quo and hostile work environment
Turnover rate - CORRECT ANSWER measures the number of times on average that employees
have to be replaced during a year
Employer branding - CORRECT ANSWER The image or impression of an organization as an
employer based on the benefits of being employed by the organization
Uniform Guidelines on Employee Selection - CORRECT ANSWER official government
guidelines designed to assist employers, labor organizations, employment agencies, and licensing and
certification boards to comply with federal requirements
QUESTIONS AND CORRECT ANSWERS
Customized benefit plan - CORRECT ANSWER benefit plan that permits employees to make
yearly selections to largely determine their benefit package by choosing between taxable cash and
numerous benefits
Balance sheet approach - CORRECT ANSWER An approach to developing an expatriate
compensation package that ensures the expat is "made whole" and does not lose money by taking the
assignment.
Corporate Sustainability - CORRECT ANSWER a business approach that creates long-term
consumer and employee value by creating a "green" strategy aimed toward the natural environment
and taking into consideration every dimension of how a business operates in the social, cultural, and
economic environment.
Workers Compensation - CORRECT ANSWER state programs that provide benefits to workers
who suffer work-related injuries or illnesses, or to their survivors
Right-to-work laws - CORRECT ANSWER A state law forbidding requirements that workers
must join a union to hold their jobs.
Case study - CORRECT ANSWER method of training and develop,net, trainees study
information provided in a business case and make decisions based on it.
Market lead policies - CORRECT ANSWER Pay higher wages and salaries
Job bidding - CORRECT ANSWER Internal recruiting method that allows employees to
indicate an interest in a position before one becomes available.
Promotion - CORRECT ANSWER movement of an employee to a higher-level within and
organization
, Fee-for-service plan - CORRECT ANSWER provides protection against health care expenses in
the form of a cash benefit paid to the insured
Reference checks - CORRECT ANSWER validations from individuals who know the applicant
that provide additional insight into the information furnished by the applicant and verification of its
accuracy
Flextime - CORRECT ANSWER a scheduling option that allows workers to choose when they
start and finish their workdays, as long as they complete the required number of hours
Indirect financial compensation - CORRECT ANSWER paid vacation, medical care, and other
discretionary benefits
Repatriation - CORRECT ANSWER process of bringing expatriates back to their home country
Merit pay - CORRECT ANSWER pay that is added to an employee's base pay based on the
level of his or her performance
Factor comparison method - CORRECT ANSWER Job comparison method that ranks each job
by each selected compensable factor (mental requirements, skills, physical requirements,
responsibilities, and working conditions) and then identifies dollar values to develop a pay rate.
Sexual harassment - CORRECT ANSWER quid pro quo and hostile work environment
Turnover rate - CORRECT ANSWER measures the number of times on average that employees
have to be replaced during a year
Employer branding - CORRECT ANSWER The image or impression of an organization as an
employer based on the benefits of being employed by the organization
Uniform Guidelines on Employee Selection - CORRECT ANSWER official government
guidelines designed to assist employers, labor organizations, employment agencies, and licensing and
certification boards to comply with federal requirements
