Question 1

What makes the issue of equal pay for work of equal value a difficult concept to deal with?

Accepted Answer

A)  it only covers women in the marketplace and ignores other protected classes
B)  generally a company will not know how much it pays its female versus male employees
C)  the concept (and laws) do not clearly define "equal value" and how it can be measured
D)  it conflicts with equal pay for equal work laws
E)  it relates only to certain groups of people as specified by the federal governmentF) All of the above
G) A) and E)

Question 2

A pay raise given to an employee according to a performance evaluation is referred to as:

Accepted Answer

A)  merit raise
B)  seniority raise
C)  bonus
D)  promotion
E)  step increaseF) A) and B)
G) A) and C)

Question 3

Wage-trend lines are plotted on a scattergram by using non-key jobs and then are used to determine wage rates for key jobs.

Accepted Answer

A) True 
 B)False

Question 4

Group incentive plans have been developed to provide incentives for teamwork.

Accepted Answer

A) True 
 B)False

Question 5

Compensation does not include non-cash rewards employees receive in exchange for their work.

Accepted Answer

A) True 
 B)False

Question 6

Companies utilize a variety of methods to set pay rates.Which factors can challenge organizational plans and policies concerning wages and salaries?

Accepted Answer

A)  child labour laws
B)  production bonuses
C)  scatterlines
D)  government regulations
E)  the British North-America ActF) A) and B)
G) B) and E)

Question 7

If,for a particular job class,the average hourly wage rate is $13,but a less average employee can be paid $11 and an exceptional employee $15,then this is an example compensation policy utilizing __________ within job classes.

Accepted Answer

A)  flat rates
B)  disbursed rates
C)  modified rates
D)  rate ranges
E)  employee non-evaluated ratesF) C) and D)
G) B) and D)

Question 8

Regardless of all the trade-offs involved in compensation management,an overriding objective is:

Accepted Answer

A)  to maintain internal equity
B)  to further administrative efficiency
C)  to maintain legal compliance
D)  control costs
E)  develop satisfied employeesF) B) and E)
G) A) and D)

Question 9

Job evaluation methods include job ranking,job grading,and the point system.

Accepted Answer

A) True 
 B)False

Question 10

Pricing jobs involves two activities: establishing an appropriate pay level for each job and grouping the pay levels into a manageable structure.

Accepted Answer

A) True 
 B)False

Question 11

Group or team based incentive plans include all of the following EXCEPT:

Accepted Answer

A)  profit-sharing plans
B)  production incentive plans
C)  commissions
D)  employee stock options
E)  team resultsF) C) and D)
G) B) and E)

Question 12

A form of job evaluation that assigns jobs to predetermined job classifications according to their relative worth to the organization is known as the __________ method.

Accepted Answer

A)  job ranking
B)  job grading
C)  point system
D)  job description
E)  administrativeF) A) and B)
G) A) and C)

Question 13

Organizations have to make sure that their reward system allows for occasional failures if they want to reward an entrepreneurial culture.

Accepted Answer

A) True 
 B)False

Question 14

In a point system matrix for evaluating any particular job,which compensable factors could be included?

Accepted Answer

A)  level of responsibility
B)  skill requirements
C)  working conditions
D)  effort needed
E)  all of the choicesF) B) and C)
G) C) and E)

Question 15

Rankings established through the job evaluation process are used by organizations to determine:

Accepted Answer

A)  any job's relative worth
B)  any job's absolute worth
C)  any job's variable value
D)  any job's worth as perceived by the jobholder
E)  any job's worth as perceived by the managerF) A) and D)
G) A) and E)

Question 16

In obtaining wage and salary information,regardless of the source,it is always most important to ensure that:

Accepted Answer

A)  the information is printed and not simply verbal
B)  the information is in both English and French
C)  the information is legally valid under the Human Rights Act
D)  the information offers comparisons between similar jobs and not just similar titles
E)  the information is in accordance with salaries as laid out in the Employment Equity ActF) C) and E)
G) A) and B)

Question 17

Which of the following are sources of information on wage and salary benchmark data?

Accepted Answer

A)  Employment and Social Development Canada
B)  compensation specialists and consultants
C)  Canada Human Resource Centres
D)  employer and professional associations
E)  all of the choicesF) B) and E)
G) B) and C)

Question 18

Performance can be defined as the accomplishment of assigned tasks,while productivity can be defined as a measure of output.

Accepted Answer

A) True 
 B)False

Question 19

Internal equity in compensation requires that pay be directly related to the rate perceived as fair in the local marketplace.

Accepted Answer

A) True 
 B)False

Question 20

The first step in the point system of job evaluation is to determine compensable factors.

Accepted Answer

A) True 
 B)False

Exam 9: Compensation Management

Job evaluation methods include job ranking,job grading,and the point system.

Correct AnswerverifiedShow Answer

The first step in the point system of job evaluation is to determine compensable factors.

Correct AnswerverifiedShow Answer

In a point system matrix for evaluating any particular job,which compensable factors could be included?

Correct AnswerverifiedShow Answer

Organizations have to make sure that their reward system allows for occasional failures if they want to reward an entrepreneurial culture.

Correct AnswerverifiedShow Answer

In obtaining wage and salary information,regardless of the source,it is always most important to ensure that:

Correct AnswerverifiedShow Answer

Internal equity in compensation requires that pay be directly related to the rate perceived as fair in the local marketplace.

Correct AnswerverifiedShow Answer

If,for a particular job class,the average hourly wage rate is $13,but a less average employee can be paid $11 and an exceptional employee $15,then this is an example compensation policy utilizing __________ within job classes.

Correct AnswerverifiedShow Answer

Group or team based incentive plans include all of the following EXCEPT:

Correct AnswerverifiedShow Answer

Rankings established through the job evaluation process are used by organizations to determine:

Correct AnswerverifiedShow Answer

Which of the following are sources of information on wage and salary benchmark data?

Correct AnswerverifiedShow Answer

Wage-trend lines are plotted on a scattergram by using non-key jobs and then are used to determine wage rates for key jobs.

Correct AnswerverifiedShow Answer

Companies utilize a variety of methods to set pay rates.Which factors can challenge organizational plans and policies concerning wages and salaries?

Correct AnswerverifiedShow Answer

Compensation does not include non-cash rewards employees receive in exchange for their work.

Correct AnswerverifiedShow Answer

Group incentive plans have been developed to provide incentives for teamwork.

Correct AnswerverifiedShow Answer

What makes the issue of equal pay for work of equal value a difficult concept to deal with?

Correct AnswerverifiedShow Answer

Performance can be defined as the accomplishment of assigned tasks,while productivity can be defined as a measure of output.

Correct AnswerverifiedShow Answer

Regardless of all the trade-offs involved in compensation management,an overriding objective is:

Correct AnswerverifiedShow Answer

A form of job evaluation that assigns jobs to predetermined job classifications according to their relative worth to the organization is known as the __________ method.

Correct AnswerverifiedShow Answer

Pricing jobs involves two activities: establishing an appropriate pay level for each job and grouping the pay levels into a manageable structure.

Correct AnswerverifiedShow Answer

A pay raise given to an employee according to a performance evaluation is referred to as:

Correct AnswerverifiedShow Answer

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