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Human Resource Management Practice Test: Direct Financial Compensation
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Human Resource Management Practice Test: Direct Financial Compensation
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25 Questions

1. The fitting of plotted points to create a smooth progression between pay grades is known as a ________.
2. Historically, some variation of which job evaluation plan has been the most popular option?
3. The ________ of the Dodd-Frank Act gives shareholders an advisory vote on executive pay.
4. The objective of ________ is to improve productivity by rewarding those who best assist in achieving this goal.
5. Which Act requires federal construction contractors with projects valued in excess of $2,000 to pay at least the prevailing wages in the area?
6. What are the two primary factors that affect cost of living?
7. Irene, an HR manager, needs to use a quantitative job evaluation method. Which two methods would meet Irene's needs?
8. Which term refers to the total of all rewards provided to employees in return for their services?
9. Individuals performing in professional jobs are compensated initially for their ________.
10. If a person is to maintain a previous level of real wages, then a pay increase must be roughly equivalent to the ________.
11. A senior statistician would probably be categorized as what type of employee under the Fair Labor Standards Act?
12. Labor unions tend to favor ________ as the basis for compensation changes.
13. The provision of vacation days is generally provided on the basis of ________.
14. As a pediatric nurse, Cary experiences a significant amount of job satisfaction, which is considered ________.
15. What incentive plan allows executives to buy a specified amount of stock in the future at or below the current market price?
16. PetFair, a national chain of pet supply stores, employs nearly 1,000 workers. In the past two years, the firm's market share has dropped and employee turnover has increased. The vice president of human resources at PetFair suggests implementing a new compensation policy to improve the firm's performance and retain quality workers. Currently, PetFair employees receive compensation primarily based on years with the firm and job level. Which of the following, if true, best supports the argument that PetFair should implement a competency-based pay system?
17. Overtime pay is not legally required for ________.
18. Placing a dollar value on a job's worth is called ________.
19. What form of equity is achieved when work groups are rewarded based on group productivity?
20. Entry-level engineers at A-1 Manufacturing are paid as much as engineers who have been with the firm for five years. Which of the following best describes the situation at A-1?
21. Nicole, an HR professional, needs to develop a job evaluation for a data analyst position at her firm. Nicole's manager wants a quantitative job evaluation that will be useful for a long time. Which method would be most appropriate?
22. Which term refers to the motivation theory that involves people comparing their job contributions and benefits to those of others?
23. The primary purpose of job evaluation is to ________.
24. The average pay that most employers provide for a similar job in a particular area or industry is known as the ________ rate.
25. Which federal law established standards for child labor?