mie 330 exam #4 Questions With Complete Solutions
$7.25 p/hour Correct Answers FLSA establishes a minimum
wage of
access to customers, talent, natural resources, and tax
advantages Correct Answers why should i company go global
agency shop Correct Answers employees don't have to join the
union, but must pay union dues
arbitration Correct Answers conflict resolution procedure in
which an arbitrator or arbitration board determines a binding
settlement
attracting, retaining, and motivating employees Correct
Answers benefits contribute to....
average / midpoint Correct Answers compa - ratio
balance sheet approach - compensating expatriates Correct
Answers adjusts manager's compensation so that it gives the
manager same standard of living as in the home country plus
extra pay for inconvenience of locating overseas
balance uniformity with flexibility Correct Answers decisions
that are the outcome of a transnational HRM system balance
what?
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
benchmarking Correct Answers a procedure in which an
organization compares its own practices against those of
successful competitors
pay surveys
cafeteria style plan Correct Answers benefits plan that offers
employees a set of alternatives from which they can choose the
types and amounts of benefits they want
cash balance plan Correct Answers employer sets up an
individual account for each employee and contributes a
percentage of the employee's salary
checkoff provision Correct Answers contract provision under
which the employer, on behalf of the union, automatically
deducts union dues from employees' paychecks
closed shop Correct Answers outlawed in 1947
required companies to only hire union members
co-pays Correct Answers amount employees pay when they
visit a doctor
collective bargaining Correct Answers negotiation between
union representatives to arrive at a contract defining conditions
of employment for the term of the contract and to administer
that contract
, commissions Correct Answers incentive pay calculated as a
percentage of sales
communication Correct Answers expatriate receives
information and recognizes changes at home while abroad
compa-ratio Correct Answers the ratio of average pay to
midpoint pay of range
competitive environment Correct Answers what does pay range
depend on?
Consolidates Omnibus Budget Reconciliation Act of 1985
Correct Answers federal law that requires employers to permit
employees or their dependents to extend their health insurance
coverage at group rates for up to 36 months following a layoff,
reduction in hours, or employees death
contract administration Correct Answers carrying out
agreement's terms and resolving conflicts over interpretation or
violation of the agreement
contributory plan Correct Answers retirement plan funded by
contributions from employer and employee
CR < 1 Correct Answers average pay is below midpoint
CR = 1 Correct Answers average = midpoint
CR > 1 Correct Answers average pay is above midpoint
$7.25 p/hour Correct Answers FLSA establishes a minimum
wage of
access to customers, talent, natural resources, and tax
advantages Correct Answers why should i company go global
agency shop Correct Answers employees don't have to join the
union, but must pay union dues
arbitration Correct Answers conflict resolution procedure in
which an arbitrator or arbitration board determines a binding
settlement
attracting, retaining, and motivating employees Correct
Answers benefits contribute to....
average / midpoint Correct Answers compa - ratio
balance sheet approach - compensating expatriates Correct
Answers adjusts manager's compensation so that it gives the
manager same standard of living as in the home country plus
extra pay for inconvenience of locating overseas
balance uniformity with flexibility Correct Answers decisions
that are the outcome of a transnational HRM system balance
what?
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
benchmarking Correct Answers a procedure in which an
organization compares its own practices against those of
successful competitors
pay surveys
cafeteria style plan Correct Answers benefits plan that offers
employees a set of alternatives from which they can choose the
types and amounts of benefits they want
cash balance plan Correct Answers employer sets up an
individual account for each employee and contributes a
percentage of the employee's salary
checkoff provision Correct Answers contract provision under
which the employer, on behalf of the union, automatically
deducts union dues from employees' paychecks
closed shop Correct Answers outlawed in 1947
required companies to only hire union members
co-pays Correct Answers amount employees pay when they
visit a doctor
collective bargaining Correct Answers negotiation between
union representatives to arrive at a contract defining conditions
of employment for the term of the contract and to administer
that contract
, commissions Correct Answers incentive pay calculated as a
percentage of sales
communication Correct Answers expatriate receives
information and recognizes changes at home while abroad
compa-ratio Correct Answers the ratio of average pay to
midpoint pay of range
competitive environment Correct Answers what does pay range
depend on?
Consolidates Omnibus Budget Reconciliation Act of 1985
Correct Answers federal law that requires employers to permit
employees or their dependents to extend their health insurance
coverage at group rates for up to 36 months following a layoff,
reduction in hours, or employees death
contract administration Correct Answers carrying out
agreement's terms and resolving conflicts over interpretation or
violation of the agreement
contributory plan Correct Answers retirement plan funded by
contributions from employer and employee
CR < 1 Correct Answers average pay is below midpoint
CR = 1 Correct Answers average = midpoint
CR > 1 Correct Answers average pay is above midpoint
