MIE 330 Final Exam Study Guide
401(k) plan Correct Answers all contributions come from the
employer, they contribute a percentage of employee's salary, the
money in the cash balance plan earns interest according to a
predetermined rate
ability to pay Correct Answers outcome-oriented contracts
contribute to higher compensation costs because of the risk
premium
acceptability Correct Answers extent to which a performance
measure is deemed to be satisfactory or adequate by those who
use it
affordable care act (PPACA or Obama care) Correct Answers
signed into law in 2010, has several provisions that will have a
major impact on employers as they are implemented through the
year 2018. Does not require employers to provide health benefits
but it imposes penalties in some cases on larger employers that
do not provide insurance to their workers
age discrimination in employment act (ADEA) Correct
Answers employers must take care not to discriminate against
workers over the age of 40 in the provision of pay or benefits
agent theory Correct Answers a person (manager) who is
expected to act on behalf of a principal (an owner)
alternative dispute resolution (ADR) Correct Answers method
of resolving disputes that does not rely on the legal system.
, Often proceeds through the four stages of open door policy, peer
review, mediation, and arbitration
americans with disabilities act (ADA) Correct Answers 1992,
employees with disabilities must have "equal access to whatever
health insurance coverage that employer provides other
employees"
approaches to performance management Correct Answers
attribute approach Correct Answers focuses on the extent to
which individuals have certain attributes (characteristics or
traits) believed desirable for the company's success. The
techniques that use this approach define a set of traits - such as
initiative, leadership, and competitiveness - and evaluate
individuals on them
behavioral approach Correct Answers attempts to define the
behaviors an employee much exhibit to be effective in the job.
The various techniques define those behaviors and then require
managers to assess the extent to which employees exhibit them
benchmarking Correct Answers comparing an organization's
practices against those of the competition
benefits and their unique aspects Correct Answers
child care Correct Answers some form of child care support to
their employees. this support comes in several forms that vary in
their degree or organization involvement
401(k) plan Correct Answers all contributions come from the
employer, they contribute a percentage of employee's salary, the
money in the cash balance plan earns interest according to a
predetermined rate
ability to pay Correct Answers outcome-oriented contracts
contribute to higher compensation costs because of the risk
premium
acceptability Correct Answers extent to which a performance
measure is deemed to be satisfactory or adequate by those who
use it
affordable care act (PPACA or Obama care) Correct Answers
signed into law in 2010, has several provisions that will have a
major impact on employers as they are implemented through the
year 2018. Does not require employers to provide health benefits
but it imposes penalties in some cases on larger employers that
do not provide insurance to their workers
age discrimination in employment act (ADEA) Correct
Answers employers must take care not to discriminate against
workers over the age of 40 in the provision of pay or benefits
agent theory Correct Answers a person (manager) who is
expected to act on behalf of a principal (an owner)
alternative dispute resolution (ADR) Correct Answers method
of resolving disputes that does not rely on the legal system.
, Often proceeds through the four stages of open door policy, peer
review, mediation, and arbitration
americans with disabilities act (ADA) Correct Answers 1992,
employees with disabilities must have "equal access to whatever
health insurance coverage that employer provides other
employees"
approaches to performance management Correct Answers
attribute approach Correct Answers focuses on the extent to
which individuals have certain attributes (characteristics or
traits) believed desirable for the company's success. The
techniques that use this approach define a set of traits - such as
initiative, leadership, and competitiveness - and evaluate
individuals on them
behavioral approach Correct Answers attempts to define the
behaviors an employee much exhibit to be effective in the job.
The various techniques define those behaviors and then require
managers to assess the extent to which employees exhibit them
benchmarking Correct Answers comparing an organization's
practices against those of the competition
benefits and their unique aspects Correct Answers
child care Correct Answers some form of child care support to
their employees. this support comes in several forms that vary in
their degree or organization involvement
