BUSMHR 3200 EXAM SCRIPT PREMIUM
QUESTIONS AND SOLUTIONS GRADED A+
●● Competing Values Framework
Answer: A model that classifies cultures into clan, adhocracy, hierarchy,
and market types based on flexibility and focus
●● Flexible Spending Account (FSA)
Answer: An employer‑offered, pre‑tax account for reimbursing eligible
medical expenses incurred by employees
●● Managed Care
Answer: A health‑plan approach where insurers control cost and
utilization of services through networks and protocols
●● Legal Requirements for Pay Policies
Answer: Statutory rules governing minimum wage, overtime, equal pay,
and record‑keeping that employers must follow
●● Workers' Compensation
Answer: A no‑fault, state‑run system that pays a portion of lost wages
and medical costs when employees are injured on the job
,●● Preferred Provider Organization (PPO)
Answer: A health‑plan that offers lower costs for using preferred
providers while still allowing out‑of‑network care at higher rates
●● Employee Benefits
Answer: Non‑cash forms of compensation such as health coverage,
retirement plans, and paid leave provided to workers
●● Job Design
Answer: The process of specifying tasks, responsibilities, and
relationships to improve efficiency and satisfaction
●● Espoused Values (Culture Level)
Answer: Stated beliefs and norms that members claim to uphold
●● Adhocracy Culture
Answer: An external‑flexibility setting that values innovation, creativity,
and risk‑taking
●● Health Savings Account (HSA)
Answer: A portable, employee‑owned account funded with pre‑tax
dollars to pay qualified medical expenses, often linked to an HDHP
, ●● Affordable Care Act (ACA) Employer Requirement
Answer: Obligates firms with more than 50 full‑time staff to offer health
coverage to at least 95% of them or face a penalty
●● Equal Employment Opportunity (EEO)
Answer: Legal principle that prohibits discrimination in compensation,
hiring, and other employment decisions based on protected
characteristics
●● Talent Tailoring
Answer: Customizing compensation packages to meet the specific needs
of targeted employee groups
●● Pay Grade
Answer: A range of salary rates assigned to jobs of comparable value
within an organization
●● Incentive Pay
Answer: Variable compensation linked to individual or group
performance outcomes
●● Performance-Management System
Answer: An ongoing process that aligns employee activities with
strategic goals through planning, monitoring, feedback, and rewards
QUESTIONS AND SOLUTIONS GRADED A+
●● Competing Values Framework
Answer: A model that classifies cultures into clan, adhocracy, hierarchy,
and market types based on flexibility and focus
●● Flexible Spending Account (FSA)
Answer: An employer‑offered, pre‑tax account for reimbursing eligible
medical expenses incurred by employees
●● Managed Care
Answer: A health‑plan approach where insurers control cost and
utilization of services through networks and protocols
●● Legal Requirements for Pay Policies
Answer: Statutory rules governing minimum wage, overtime, equal pay,
and record‑keeping that employers must follow
●● Workers' Compensation
Answer: A no‑fault, state‑run system that pays a portion of lost wages
and medical costs when employees are injured on the job
,●● Preferred Provider Organization (PPO)
Answer: A health‑plan that offers lower costs for using preferred
providers while still allowing out‑of‑network care at higher rates
●● Employee Benefits
Answer: Non‑cash forms of compensation such as health coverage,
retirement plans, and paid leave provided to workers
●● Job Design
Answer: The process of specifying tasks, responsibilities, and
relationships to improve efficiency and satisfaction
●● Espoused Values (Culture Level)
Answer: Stated beliefs and norms that members claim to uphold
●● Adhocracy Culture
Answer: An external‑flexibility setting that values innovation, creativity,
and risk‑taking
●● Health Savings Account (HSA)
Answer: A portable, employee‑owned account funded with pre‑tax
dollars to pay qualified medical expenses, often linked to an HDHP
, ●● Affordable Care Act (ACA) Employer Requirement
Answer: Obligates firms with more than 50 full‑time staff to offer health
coverage to at least 95% of them or face a penalty
●● Equal Employment Opportunity (EEO)
Answer: Legal principle that prohibits discrimination in compensation,
hiring, and other employment decisions based on protected
characteristics
●● Talent Tailoring
Answer: Customizing compensation packages to meet the specific needs
of targeted employee groups
●● Pay Grade
Answer: A range of salary rates assigned to jobs of comparable value
within an organization
●● Incentive Pay
Answer: Variable compensation linked to individual or group
performance outcomes
●● Performance-Management System
Answer: An ongoing process that aligns employee activities with
strategic goals through planning, monitoring, feedback, and rewards
