Exam (elaborations)
Compensation 5th Edition By Jerry Newman, Suny Buffalo - Test Bank
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- Compensation
- Institution
- Compensation
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,ExamName___________________________________
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) Which of the following is NOT a form of cash compensation? 1)
A) allowances
B) pensions
C) stock options
D) financial planning
E) insurance
Answer: C
Explanation: A)
B)
C)
D)
E)
2) Which of the following is NOT a benefit component of total compensation? 2)
A) relational returns
B) cost-of-living adjustment
C) allowances
D) incentives
E) merit increase
Answer: C
Explanation: A)
B)
C)
D)
E)
3) Which of the following best describes cost-of-living adjustment? 3)
A) one-time payments for meeting previously established performance objectives
B) consolidated pay which is not subject to any change regardless of the cost-of-living
C) percentage increment to base pay provided to all employees regardless of
performance
D) compensation to provide for items that are in short supply
E) increment to base pay in recognition of past work behaviour
Answer: C
Explanation: A)
B)
C)
D)
E)
1
,4) Which of the following is a work/life program? 4)
A) health insurance
B) cost-of-living adjustment
C) stock options
D) employment Insurance
E) telecommuting
Answer: E
Explanation: A)
B)
C)
D)
E)
5) ________ refer to one-time payments for meeting previously established performance 5)
objectives.
A) Allowances
B) Merit increments
C) Relational returns
D) Cost-of-living adjustments
E) Incentives
Answer: E
Explanation: A)
B)
C)
D)
E)
6) Which of the following is a form of relational return? 6)
A) life Insurance
B) monitory incentives
C) allowances
D) benefits
E) recognition and status
Answer: E
Explanation: A)
B)
C)
D)
E)
2
, 7) ________ refers to the compensation given to purchase items that are in short supply. 7)
A) Allowance
B) Incentive
C) Cost-of-living adjustment
D) Variable pay
E) Wage
Answer: A
Explanation: A)
B)
C)
D)
E)
8) External competitiveness refers to: 8)
A) the relative importance of jobs within a company
B) inflationary pressure caused by external market factors
C) comparison of compensation with that of competitors
D) competitiveness between different departments in a company
E) comparison of product prices with that of competitors
Answer: C
Explanation: A)
B)
C)
D)
E)
9) Which of the following pay policies lays emphasis on performance? 9)
A) Employee contributions
B) Management
C) Administration of the pay system
D) Internal alignment
E) External competitiveness
Answer: A
Explanation: A)
B)
C)
D)
E)
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