Question 7 (1 point) Which of the following statements about compensation management is correct? A) Most group life insurance plans require employees to undertake physical health checks to be eligible for the benefit. B) Eldercare is designed to help older employees who are not fully able to care for themselves. C) Benefits fraud is not a legitimate O concern for companies. D) Performance pay cannot replace good management. E) Melanie has a defined contribution pension plan; she will know the actual benefits that she will receive ahead of time. Dave, Sam, and Telsa are dissatisfied with their pay. Dave is unhappy because Sam who is doing the same type of work in a different company earns more than he does. Sam is unhappy because he is working harder and serving more clients than his coworker Telsa, but their pay package is exactly the same. Telsa is unhappy because she finds out a colleague in another department gets a bigger pay raise (in %) than she does, although both of them received "Good" in the latest performance review. Which types of pay equality explain the three employees' dissatisfaction? Please list in order. A) Internal equity; external equity; O procedural equity. B) External equity; internal equity; O individual equity. C) External equity; individual equity; O internal equity. D) Procedural equity; internal equity; Question 8 (1 point) Effective recognition needs to be all of the following except A) immediate. B) unclear. C) specific D) personal. E) spontaneous Question 9 (1 point) Accurate are required for effective pay-for-performance plans. Question 9 (1 point) Accurate are required for effective pay-for-performance plans. A) wage curves B) development programs C) performance appraisals D) salary curves E) training programs Question 10 (1 point) represents compensation that provides for income stability whereas is tied to the company and/or individualis performance Question 10 (1 point) represents compensation that provides for income stability whereas is tied to the company and/or individual's performance. A) Variable pay; commission B) Fixed pay; variable pay C) Commission; variable pay D) Variable pay; fixed pay E) Perquisite; fixed pay Question 11 (1 point) Which of the following statements about pay methods is correct? Question 11 (1 point) Which of the following statements about pay methods is correct? A) Point systems used in job evaluation are not very time consuming or difficult to develop. B) The point method of job evaluation involves identifying several compensable factors and their weights, as well as the degree to which each of these factors is present in the job. C) A pay grade comprises jobs of varying value and importance to the company. D) A benchmark job is a job held by the top performers of a company. E) Job evaluation committees do not O include managers because this would constitute a conflict of interest. A graphic description of the relationship between the value of the job and the average wage paid for this job is called A) page range O B) page grade C) wage curve D) salary graph E) salary value Question 13 (1 point)
