Reference no: EM132877115

Which of the following is an advantage to grouping jobs into classes?

• Employees will not find fault with the classification results.
• Jobs that are grouped together are always similar.
• Small errors may occur in classifying the jobs.
• It is an efficient way to administer salaries.

Which of the following individual incentive plans guarantees a standard pay rate for each unit of output?

• Standard hour plan
• Measured day work plan
• Piecework plan
• Stock options

Which of the following is an example of variable compensation? (Select all that apply.) 

• Jonathan gets paid on commission, meaning that he directly receives a small portion of his sales.
• John gets paid $12 an hour.
• Martha gets a bonus of $10,000 a year if she meets her sales quota.
• Maddy gets stock options in the company based on her yearly performance.
• Mary gets paid $55,000 each year, with a possibility of a raise after each three-year period.

Which of the following is a tool used to establish pay structure?

• Wage surveys
• Job evaluation
• Performance appraisals
• Standard hour measurements

Which of the following is true of retirement plans?

• The two major types of retirement plans are defined benefits plans and income benefits plans.
• They are becoming much less important in the 21st century.
• Social security is typically the only type of retirement benefit that most people need.
• Good retirement plans allow organizations to better attract and retain exceptional employees.

Which of the following correctly describes a PPO (preferred provider organization) plan?

• The employee must go to a doctor on the preferred provider list.
• The employee usually chooses a primary care physician in the network, who refers the employee to other doctors if needed.
• Employees have freedom to visit any doctor for any reason, with a minimum out-of-pocket expense for the employee.
• The employee must choose a primary care physician in the network, and all referrals must be provided by in-network physicians of the doctor's choosing.

The 403(b) plan is a tax-advantaged retirement savings plan available to whom?

• Large organizations
• Private organizations
• Public education employers
• Public employers

A lower incidence of accidents and diseases, a reduced level of occupational stress, and improved QWL result in all of the following except _______.

• Greater flexibility and adaptability in the workforce
• Greater workers' compensation rates
• Greater productivity due to fewer lost days
• Greater efficiency from workers

Which of the following has occurred throughout the 21st century in the area of workplace health and safety?

• Higher rates of lung cancer
• Decreased absences due to health reasons
• Increased rates of job burnout and stress
• Lower health care costs