MIE 330 Final Exam
Affordable Care Act Correct Answers Healthcare reform law
passed in 2010 that includes incentives and penalties for
employers providing health insurance as a benefit.
Balanced Scorecard Correct Answers A combination of
performance measures directed toward the company's long- and
short-term goals and used as the basis for awarding incentive
pay.
Benefits Required By Law Correct Answers -Social Security
-Unemployment Insurance
-Workers' Compensation Insurance
-Family and Medical Leave
-Health Care
Bona Fide Occupational Qualification (BFOQ) Correct
Answers -A necessary (not merely preferred) qualification for
performing a job.
-The Supreme Court has ruled that BFOQ's are limited to
policies directly related to a worker's ability to do the job.
Characteristics of a motivating job Correct Answers -Skill
variety
-Task identity
-Task significance
-Autonomy
-Feedback
, Civil Rights Act of 1964 Correct Answers First major law
regulating equal opportunity employment.
Prohibits employers from discriminating based on:
-Race
-Color
-Religion
-Sex
-National origin
Applies to organizations that employ 15 or more persons.
Compa-Ratio Correct Answers The ratio of average pay to the
midpoint of the pay range.
-If the average equals the midpoint, CR is 1.
-If CR is greater than 1, the average pay is above the midpoint.
- IF CR is less than 1, the average pay is below the midpoint.
Contrast Errors Correct Answers The rater compares an
individual, not against an objective standard, but against other
employees.
Contributory Plan Correct Answers Retirement plan funded by
contributions from the employer and employee.
Criteria for Effective Performance Management Correct
Answers >Fit with strategy
>Reliability: The consistency of the results that the performance
measure will deliver.
>Validity: The extent to which a measurement tool actually
measures what it is intended to measure.
>Acceptability: Employees must believe that the measure isn't
too time consuming.
Affordable Care Act Correct Answers Healthcare reform law
passed in 2010 that includes incentives and penalties for
employers providing health insurance as a benefit.
Balanced Scorecard Correct Answers A combination of
performance measures directed toward the company's long- and
short-term goals and used as the basis for awarding incentive
pay.
Benefits Required By Law Correct Answers -Social Security
-Unemployment Insurance
-Workers' Compensation Insurance
-Family and Medical Leave
-Health Care
Bona Fide Occupational Qualification (BFOQ) Correct
Answers -A necessary (not merely preferred) qualification for
performing a job.
-The Supreme Court has ruled that BFOQ's are limited to
policies directly related to a worker's ability to do the job.
Characteristics of a motivating job Correct Answers -Skill
variety
-Task identity
-Task significance
-Autonomy
-Feedback
, Civil Rights Act of 1964 Correct Answers First major law
regulating equal opportunity employment.
Prohibits employers from discriminating based on:
-Race
-Color
-Religion
-Sex
-National origin
Applies to organizations that employ 15 or more persons.
Compa-Ratio Correct Answers The ratio of average pay to the
midpoint of the pay range.
-If the average equals the midpoint, CR is 1.
-If CR is greater than 1, the average pay is above the midpoint.
- IF CR is less than 1, the average pay is below the midpoint.
Contrast Errors Correct Answers The rater compares an
individual, not against an objective standard, but against other
employees.
Contributory Plan Correct Answers Retirement plan funded by
contributions from the employer and employee.
Criteria for Effective Performance Management Correct
Answers >Fit with strategy
>Reliability: The consistency of the results that the performance
measure will deliver.
>Validity: The extent to which a measurement tool actually
measures what it is intended to measure.
>Acceptability: Employees must believe that the measure isn't
too time consuming.
