HRM Final Exam Study Guide Questions And Answers 100% Verified

HRM Final Exam Study Guide Questions And Answers 100% Verified 1) Which of the following is an example of indirect financial compensation (employee benefits)? A) sales commission B) psychological welfare C) paid vacation D) hourly wage - answerC 2) Direct financial compensation consists of the pay that a person receives in the form of wages, salaries, commissions, and health benefits. a. true b. false - answerB 3) Which type of compensation increases an employee's base pay and contributes to cost control over time? A) merit pay B) incentive pay C) person-focused pay D) seniority-based pay - answerA 4) John works at a company that uses a variety of heavy machines. John knows how to operate three of the machines, and if he learns how to use another one, his pay will increase. Which type of compensation plan is most likely used by John's employer? A) variable pay B) invariable pay C) lump sum pay D) skill-based pay - answerD 5) The rationale for adopting seniority pay plans is described by which theory? A) job-based theory B) pay-for-performance theory C) human capital theory D) equity theory - answerC 6) Which of the following is a disadvantage associated with team-based incentives? A) Exemplary performers become disgruntled and quit. B) Performance standards are difficult to develop. C) Output is difficult to categorize and assess. D) Members lack the time to assist others. - answerA 7) Which type of profit-sharing plan places company contributions in an irrevocable trust and credits individual employees' accounts? A) deferred plan B) current plan C) stock plan D) defined plan - answerA 8) When the United Auto Workers negotiate with GM and Ford for higher wages, which legislation supports the union's right to engage in collective bargaining? A) Title VII of the Civil Rights Act B) Equal Pay Act C) Davis-Bacon Act D) National Labor Relations Act - answerD 9) What is the primary by-product of job analysis? A) human resource planning B) job evaluation C) equity analysis D) job description - answerD 10) How many universal job factors are there with the factor comparison job evaluation method? A) 3 B) 5 C) 7 D) 9 - answerB 11) The classification method of job evaluation is the simplest job evaluation method and requires comparing a job description with a class description. a. true b. false - answerA 12) Firms which pay below the average labor market price for jobs will most likely have ________. A) higher productivity levels B) higher turnover rates C) lower unit labor costs D) fewer grievances - answerB 13) In determining pay grades, each dot on a scatter diagram represents ________. A) one job B) one worker C) a job cluster D) a department - answerA 14) Firms use compensation surveys to determine pay structures. a. true b. false - answerA 15) Which of the following is a problem inherent in compensating contingent workers? A) external equity B) more costly to employ contingent workers C) internal equity D) all of the above - answerC 16) Benefits are typically unrelated to employee ________. A) engagement B) productivity