MGT302 Exam 3 2025/2026 Exam
Questions and Answers 100%
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CHAPTER 10
A loan clerk evaluating his/her pay relative to that of a teller within the
company is an example of __________. - 🧠 ANSWER ✔✔Internal Equity
A group of jobs having the same basic nature of work but requiring different
levels of skill, effort, responsibility or working conditions are known as
__________. - 🧠 ANSWER ✔✔Job Family
The __________ pension plan guarantees a specific payment based on a
percentage of pre-retirement income. - 🧠 ANSWER ✔✔defined benefit
Which of the following are three major factors of the Hay plan? - 🧠
ANSWER ✔✔Know-how, problem solving, accountability.
Which of the following is an example of job family? - 🧠 ANSWER ✔✔Word
processor, receptionist, administrative assistant
1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,The defined benefit plans purchase insurance with the __________, which
insures pension moneys in the event that the company goes bankrupt. - 🧠
ANSWER ✔✔PBGC
Which of the following are elements of cash compensation? - 🧠 ANSWER
✔✔Base pay and pay contingent on performance
__________ involves comparing a specific position to the generic
descriptors and deciding which level fits best. - 🧠 ANSWER ✔✔Job
classification
Know-how, problem solving, and accountability are the three major factors
within the Hay plan. Which of the following is a sub factor of know-how? - 🧠
ANSWER ✔✔Interpersonal skills
Which of the following is true about the point-factor plan? - 🧠 ANSWER
✔✔Point-factor plans tend to have a high level of integrity.
__________ means a company's pay practices are similar to the practices
of other organizations competing for the same talent. - 🧠 ANSWER
✔✔Externally equitable
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, Which of the following law has a provision that workers employed in
construction industry must be paid at the prevailing local pay rate when
working on government contracts? - 🧠 ANSWER ✔✔Davis-Bacon Act of
1931
Which law focuses on three main areas: minimum wage, overtime pay, and
child labor rules. - 🧠 ANSWER ✔✔Fair Labor Standards Act (FLSA) of 1938
Which of the following law amended the FLSA to include a prohibition
against pay differentials based on gender? - 🧠 ANSWER ✔✔Equal Pay Act
(EPA) of 1963
You have just been hired into a job and you find that you are being paid at
the max of the range for the grade. You hope to have a long career with
this company and are hoping for a promotion within the year. Your reaction
should be: - 🧠 ANSWER ✔✔B) Anxiety, because you have no room for
financial growth in this position.
In order to qualify for the executive employee exemption, the employee
must be compensated on a salary basis at a rate not less than __________
per week. - 🧠 ANSWER ✔✔$455
3
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
Questions and Answers 100%
Guaranteed Success | Already Rated A+
CHAPTER 10
A loan clerk evaluating his/her pay relative to that of a teller within the
company is an example of __________. - 🧠 ANSWER ✔✔Internal Equity
A group of jobs having the same basic nature of work but requiring different
levels of skill, effort, responsibility or working conditions are known as
__________. - 🧠 ANSWER ✔✔Job Family
The __________ pension plan guarantees a specific payment based on a
percentage of pre-retirement income. - 🧠 ANSWER ✔✔defined benefit
Which of the following are three major factors of the Hay plan? - 🧠
ANSWER ✔✔Know-how, problem solving, accountability.
Which of the following is an example of job family? - 🧠 ANSWER ✔✔Word
processor, receptionist, administrative assistant
1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,The defined benefit plans purchase insurance with the __________, which
insures pension moneys in the event that the company goes bankrupt. - 🧠
ANSWER ✔✔PBGC
Which of the following are elements of cash compensation? - 🧠 ANSWER
✔✔Base pay and pay contingent on performance
__________ involves comparing a specific position to the generic
descriptors and deciding which level fits best. - 🧠 ANSWER ✔✔Job
classification
Know-how, problem solving, and accountability are the three major factors
within the Hay plan. Which of the following is a sub factor of know-how? - 🧠
ANSWER ✔✔Interpersonal skills
Which of the following is true about the point-factor plan? - 🧠 ANSWER
✔✔Point-factor plans tend to have a high level of integrity.
__________ means a company's pay practices are similar to the practices
of other organizations competing for the same talent. - 🧠 ANSWER
✔✔Externally equitable
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, Which of the following law has a provision that workers employed in
construction industry must be paid at the prevailing local pay rate when
working on government contracts? - 🧠 ANSWER ✔✔Davis-Bacon Act of
1931
Which law focuses on three main areas: minimum wage, overtime pay, and
child labor rules. - 🧠 ANSWER ✔✔Fair Labor Standards Act (FLSA) of 1938
Which of the following law amended the FLSA to include a prohibition
against pay differentials based on gender? - 🧠 ANSWER ✔✔Equal Pay Act
(EPA) of 1963
You have just been hired into a job and you find that you are being paid at
the max of the range for the grade. You hope to have a long career with
this company and are hoping for a promotion within the year. Your reaction
should be: - 🧠 ANSWER ✔✔B) Anxiety, because you have no room for
financial growth in this position.
In order to qualify for the executive employee exemption, the employee
must be compensated on a salary basis at a rate not less than __________
per week. - 🧠 ANSWER ✔✔$455
3
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
