$4.$ Product market comparisons that focus on labor costs are likely to deserve greater weight when

Multiple Choice

product demand is inelastic.

the supply of labor is inelastic.

attracting and retaining qualified employees is difficult.

the costs of recruiting replacements are high.

employee skills are generic across different product markets.

$5.$ HR management at the Star Corporation needs assistance in developing a formal pay system. None of the HR managers have a strong background in compensation and benefits. They ask you to help them develop a pay policy line for their pay system but do not know what it really is or how to create one. How would you respond?

Multiple Choice

It is used to determine the correspondence between the actual and intended pay.

It reduces the number of job levels to achieve more flexibility in job assignments.

It can be generated using statistical procedures, such as a regression analysis.

It groups together jobs that have similar worth or content.

It is a tool used to calculate the compa$-$ratio.

$6.$ Which of the following is a disadvantage of skill$-$based pay?

Multiple Choice

the possibility of generating a large bureaucracy

decreased worker flexibility

centralization of decision making

decision making authority not given to knowledgeable employees

not adaptive to a shortage of supply

$7.$ Which act states that employers may face claims in situations where a discriminatory decision was made many years earlier but the effect $($lower pay$)$ continues into the more current period?

Multiple Choice

The Fair Labor Standards Act

The Fraud Enforcement and Recovery Act

The Lilly Ledbetter Fair Pay Act

The Employment Non$-$Discrimination Act

The Davis$-$Bacon Act

$8.$ Which group of employees is exempt from the Fair Labor Standards Act?

Multiple Choice

police

teachers

paramedics

first responders

administrative employees