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HRM531 Human Capital Management Week 2 Knowledge Check 100% CORRECT

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  • ___________bridge the gap between organizational objectives and individual expectations and aspirations.

Rewards

Employment practices 

Financial systems

Corporate compensation systems

  • 2

The Sarbanes–Oxley Act of 2002 requires that

companies can seek repayment for incentives paid that were later found to be materially inaccurate

executives cannot retain bonuses or profits from selling company stock if they mislead the public about the financial health of the company

the Securities and Exchange Commission meet annually to discuss bonuses

the minimum wage change each year

  • 3

______________cover 128 million workers in the United States.

Defined-contribution programs

Defined-benefit programs

Workers’ compensation programs

Point-of-service programs

  • 4

In the United States, salary discussions among employees are protected under

Salary.com

the Equal Pay Act (1963)

the National Labor Relations Act (1935)

the Fair Labor Standards Act (1938)

  • 5

Which of the following is NOT another name for gain sharing?

The Scanlon plan

Control-based compensation

Improshare

The Rucker plan

  • 6

Which of the following laws established the first national minimum wage?

Fair Labor Standards Act (1938)

Walsh–Healey Act (1936)

Davis–Bacon Act (1931)

McNamara–O’Hara Service Contract Act (1965)

  • 7

The gatekeeper in a managed care health insurance plan is the

the HR representative

primary care physician

insurance cost monitor

the employee

  • 8

In labor economics, __________________ theory holds that unless an employee can produce a value equal to the value received in wages, it will not be worthwhile to hire that worker.

the willingness to reduce the size of the workforce

the marginal productivity

the concern with pay for position

the percent of company offerings

  • 9

The type of private pension plan in which an employer promises to pay a retiree a stated pension is a

defined-contribution plan

defined-performance plan

defined-benefit plan

defined-retirement plan

  • 10

What is driving the increasing costs of healthcare?

Rising cost of childcare

Increasing numbers of legal immigrants

Passage of the health care exchanges

Aging population and an increase in obesity

  • 11

Narrowing pay ratios between jobs or pay grades in a firm’s pay structure is

pay inequality

pay compression

pay secrecy

pay security

  • 12

Gain sharing plans consist of all EXCEPT which of the following elements:

A philosophy of cooperation

An internal equity

An involvement system

A financial bonus

  • 13

________________ provides a supplemental, one-time payment when death is accidental, and it provides a range of benefits when employees become disabled—that is, when they cannot perform the main functions of their occupations.

A point-of-service plan

Disability coverage

Medical underwriting

A preferred provider payment

  • 14

One strategic issue that should influence the design of benefits is an organization’s

plan to pay panel

stage of development

value to employees

shareholder’s form

  • 15

At a comprehensive point of view, a(n) _____ includes anything an employee values and desires that an employer is able and willing to offer in exchange for employee contributions.

competency-based pay system

organizational reward system

merit-pay method

employee stock ownership plan

  • 16

One downside of team incentives is that

it does nothing to educate employees about the factors of business success and capitalism

it does not provide retirement income to employees

managers do not feel that incentives motivate employees equally

most employees do not feel that their jobs have a direct impact on profits

  • 17

Open pay systems tend to work best when

job performance can be measured objectively

business strategy matches the organizational development stage

effort and performance are related closely over a long time span

there is a union to negotiate pay increases

  • 18

__________ is not legally required, and, because of unemployment compensation, many firms do not offer it.

Cost shifting

Severance pay

Retirement pay

Short-term disability

  • 19

Reviews of both laboratory and field tests of _____________ are quite consistent. Individuals tend to follow a norm of fairness and to use it as a basis for distributing rewards.

equity theory

the external labor market

the internal labor market

organizational needs

  • 20

Evidence indicates that the perceived value of benefits rises when employers introduce

higher salaries

choice through a flexible benefits package

more jobs

flexible supervisors

  • 21

Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans that have 1-year service?

HIPAA (1996)

ADA (1990)

COBRA (1985)

ERISA (1974)