©BRIGHTSTARS EXAM SOLUTIONS
11/16/2024 10:16 AM
MANG 3467 QUIZ 4 Exam Questions With
Correct Answers
Job structure - answer✔the relative pay for different jobs within the organization
pay level - answer✔the average amount the organization pays for a particular job
pay structure - answer✔the pay policy resulting from job structure and pay level decisions
legal requirement for pay-equal employment opportunity - answer✔employers must not base
differences in pay on an employee's age, sex, race or other protected status
any differences in pay must be tied to such business-related considerations as job
responsibilities or performance
the goal is for employers to provide equal pay for equal work
legal requirements for pay- minimum wage - answer✔the lowest amount that employers may
pay under federal or state law, stated as an amount of pay per hour
legal requirements for pay: overtime - answer✔1 and 1/2 times the employee's usual hourly
rate, including any bonuses and piece-rate payments
product markets - answer✔includes organizations that offer competing goods and services
organizations compete on quality, service and price
the cost of labor is an significant part of an organization's costs
labor market - answer✔organizations must compete to obtain human resources
1|Page
, ©BRIGHTSTARS EXAM SOLUTIONS
11/16/2024 10:16 AM
competing for labor establishes the minimum an organization must pay to hire an employee for
a particular job
benchmarking - answer✔a procedure in which an organization compares its own practices
against those of successful competitors
pay surveys, trade and industry groups, professional groups, BLS, Society for Human Resource,
Management (SHRM), WorldatWork
equity theory - answer✔suggest that people evaluate the fairness of their situations by
comparing themselves to other people
if employees conclude that they are underrewarded, they are likely to make up the difference
in one of three ways - answer✔they might put forth less effort (reducing their inputs)
they might find a way to increase their outcomes (e.g stealing)
they might find a way to increase their outcomes
employees' beliefs about fairness also influence their - answer✔willingness to accept transfers
or promotions
job evaluation - answer✔an administrative procedure for measuring the relative internal worth
of the organization's jobs
compensable factors - answer✔the characteristics of a job that the organization values and
chooses for pay (experience, education, complexity, working conditions, responsibility)
key jobs - answer✔jobs that have relatively stable content and are common among many
organizations
organizations can make the process of creating the job structure and the pay structure more
practical by defining key jobs
research for creating the pay structure is limited to the key jobs that play a significant role in
the organization
2|Page
11/16/2024 10:16 AM
MANG 3467 QUIZ 4 Exam Questions With
Correct Answers
Job structure - answer✔the relative pay for different jobs within the organization
pay level - answer✔the average amount the organization pays for a particular job
pay structure - answer✔the pay policy resulting from job structure and pay level decisions
legal requirement for pay-equal employment opportunity - answer✔employers must not base
differences in pay on an employee's age, sex, race or other protected status
any differences in pay must be tied to such business-related considerations as job
responsibilities or performance
the goal is for employers to provide equal pay for equal work
legal requirements for pay- minimum wage - answer✔the lowest amount that employers may
pay under federal or state law, stated as an amount of pay per hour
legal requirements for pay: overtime - answer✔1 and 1/2 times the employee's usual hourly
rate, including any bonuses and piece-rate payments
product markets - answer✔includes organizations that offer competing goods and services
organizations compete on quality, service and price
the cost of labor is an significant part of an organization's costs
labor market - answer✔organizations must compete to obtain human resources
1|Page
, ©BRIGHTSTARS EXAM SOLUTIONS
11/16/2024 10:16 AM
competing for labor establishes the minimum an organization must pay to hire an employee for
a particular job
benchmarking - answer✔a procedure in which an organization compares its own practices
against those of successful competitors
pay surveys, trade and industry groups, professional groups, BLS, Society for Human Resource,
Management (SHRM), WorldatWork
equity theory - answer✔suggest that people evaluate the fairness of their situations by
comparing themselves to other people
if employees conclude that they are underrewarded, they are likely to make up the difference
in one of three ways - answer✔they might put forth less effort (reducing their inputs)
they might find a way to increase their outcomes (e.g stealing)
they might find a way to increase their outcomes
employees' beliefs about fairness also influence their - answer✔willingness to accept transfers
or promotions
job evaluation - answer✔an administrative procedure for measuring the relative internal worth
of the organization's jobs
compensable factors - answer✔the characteristics of a job that the organization values and
chooses for pay (experience, education, complexity, working conditions, responsibility)
key jobs - answer✔jobs that have relatively stable content and are common among many
organizations
organizations can make the process of creating the job structure and the pay structure more
practical by defining key jobs
research for creating the pay structure is limited to the key jobs that play a significant role in
the organization
2|Page
