EXAM 3 QUESTIONS AND ANSWERS
WITH VERIFIED SOLUTIONS 2024
Which of the following is an example of voluntary turnover? - ANSWER Retirement
_____ refers to a judgment that fair methods were used to determine the consequences an employee
receives. - ANSWER Procedural justice
_____ is a principle of discipline that advocates giving clear warning and following up with consistent,
objective, and immediate consequences. - ANSWER Hot-stove rule
_____ is the process of resolving disputes by taking them to a panel composed of representatives from
the organization at the same levels as the people in the dispute. - ANSWER Peer review
_____ refers to a binding process in which a professional judge from outside the organization hears the
case and resolves it by making a decision. - ANSWER Arbitration
_____ is a referral service that existing employees can use to seek professional treatment for emotional
problems or substance abuse. - ANSWER Employee assistance program
_____ is a service in which professionals try to help dismissed employees manage the transition from
one job to another. - ANSWER Outplacement counseling
_____ refers to pervasive low levels of satisfaction with all aspects of life, compared with other people's
feelings. - ANSWER Negative affectivity
_____ represents a state in which too many expectations or demands are placed on a person. - ANSWER
Role overload
Which of the following is the first step in the role analysis technique? - ANSWER Members of the role set
write expectations for the role.
, _____ consists of the relative pay for different jobs within the organization. - ANSWER Job structure
Which of the following is the federal law that establishes a minimum wage, requirements for overtime
pay, and child labor? - ANSWER Fair Labor Standards Act
The overtime rate applies to the hours worked beyond _____ hours in one week. - ANSWER 40
An employee's base wage rate is $15/hour. She also gets a weekly bonus of $60. What is her overtime
rate? - ANSWER $24.75/hour
Which of the following statements is true of labor markets? - ANSWER Competitors in labor markets
typically include companies with similar products.
To conduct a job evaluation, the job evaluation committee identifies each job's _____, meaning the
characteristics of a job that the organization values and chooses to pay for. - ANSWER compensable
factors
The rate of pay for each week, month, or year worked is known as: - ANSWER salary.
The horizontal axis of a pay policy line measures the: - ANSWER points from the job evaluation.
_____ refers to a set of possible pay rates defined by a minimum, maximum, and midpoint of pay for
employees holding a particular job or a job within a particular pay grade - ANSWER Pay range
Which of the following compa-ratio values is an indication that an organization is paying more than
planned for human resources? - ANSWER 1.25
_____ is a collective term used to refer to various forms of pay linked to an employee's performance as
an individual, group member, or organization member. - ANSWER Incentive pay