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Compensation Exam Questions with 100% Correct Answers | Verified | Latest Update 2024
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Compensation Exam Questions with 100% Correct Answers | Verified | Latest Update 2024
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Compensation Exam_____ desgined for employees or managers, explains compensation policies and practices, answers frequently
asked questions and explains how these systems effect their pay - ✔✔D- Communication portals
_______ a software package, allows workers to make health-care choices , allocate savings to 401(k) or other
savings vehicles and access vacation schedules. - ✔✔D- Employee Self-Service
%
_______ is an example of a country with a highly Decentralized approach to pay setting with higher wage
flexibility. - ✔✔C - The United States of America
_____is defined by the Department of Labor as the experience, training education, and ability measured by the
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performance requirements of a particular job. - ✔✔B- Skill
_____is the budgetary approach that begins with an estimate from the highest-ranking executives of the pay
increase budget for an entire organization. - ✔✔C - Top-Down budgeting
____prohibits discrimination on the basis of race, color, religion, sex, or national origin? - ✔✔C- Executive
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order 11246
. If red circle rates become common throughout an organization, then the design of the ranges and the
evaluation of the jobs should be reexamined. - ✔✔t
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. The gender wage gap is moderate for recent college graduates and drecreases as the cohort ages. - ✔✔f
. Which of the following includes a provision that requires public companies to set policies to allow executive
compensation to be taken back if it was based on inaccurate financial statements that did not comply with
accounting standards. - ✔✔D- the Dodd-Frank Walstreet Reform and Consumer Protection Act
77 percent of expats have less disposable income when they return home from overseas assignments - ✔✔t
A compa-ratio greater that 1 means that, on average, the rates exceed the intended policy. - ✔✔t
A compa-ratio is the average actual pay divided by the midpoint of the pay grade. - ✔✔t
A compa-ration less than 1 means that, on average,___ - ✔✔C- employees in a range are paid below the
midpoint
A GAO study found 9 of 10 cases brought by GAO undercover agents posing as workers were mishandled by
the Wage and Hour division of the Labor Department - ✔✔t
A government-defined prevailing wage is the minimum wage that must be paid for work done on covered
government projects or purchases - ✔✔t
, A higher proportion of women are employed by small firms compared to large firms - ✔✔t
A Japanese citizen working for Toyota in Georgetown, Kentucky is a ____ - ✔✔B- parent-country national
A key reason to communicate pay information is that the goodwill engendered by the act of being open about
pay may affect perceptions of pay equity. - ✔✔t
%
A Korean citizen working for Toshiba, a Japanese company in Canada is a____ - ✔✔B- third-country national
A major advantage of a _____ is that it reduces benefits costs, something that the other cost cutting operations
do not achieve. - ✔✔B- reduction in force
a major advantage of a reduction in force is that it reduces benefits costs - ✔✔t
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A study of both U.S. and Slovenian MBA's found that risk taking was higher among Slovenians. - ✔✔f
According to the japan institute of labor, for most employees, bonuses are variable pay that help control the
employer's cash flow and labor costs. - ✔✔t
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All employees are covered by the Fair Labor Standards Act of 1938 and its amendments without exemptions. -
✔✔f
An ____ approach to compensation involves designing a total pay system at headquarters and applying it
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globally. - ✔✔A- exporter
An Indian citizen working for a Japanese company in India is a ______ - ✔✔B- local country national
An individual employee cannot earn more pay than the maximum of the pay grade of their current job. - ✔✔f
Approximately 20 percent of expats leave their company within a year of their return to the U.S. - ✔✔f
As the lowest rates paid in the software, chemical, oil, and pharmaceutical industries are already well above
minimum, any legislation to increase minimum wage would have little direct impact on them - ✔✔t
Base pay for a Japanese employee is usually based on job evaluation or market pricing. - ✔✔t
Bonuses paid in Japan are____ - ✔✔B not necessarily related to performance
Broad bands provide managers greater discretion in pay for their subordinates compared to a grade-range
design. - ✔✔t
Changes in the CPI indicate whether prices have increased more or less rapidly in an area since the base
period. - ✔✔t
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