MIE 330 Final Exam Study Questions With Complete
Solutions
_____ affect pay structure! Correct Answers Economics
_____ is NOT allowed in place of wages even if the employee
prefers it. Correct Answers Compensatory Time Off
A balanced scorecard combines... Correct Answers The
advantages and disadvantages of different types of incentive pay
plans.
Benchmarking involves the use of... Correct Answers Pay
surveys
Bonuses and team awards are typically used for _____ that meet
_____. Correct Answers Smaller groups; specific goals
Both pay acts _____ the lower limit of pay. Correct Answers
Raise
Children ages 14 and 15 may work ONLY _____ in jobs defined
as _____ and for _____. Correct Answers Outside school
hours; nonhazardous; limited time periods
Children ages 16 and 17 may NOT be employed in _____ as
defined by the Department of Labor. (E.g. mining, meat-
packing, and any use of heavy equipment) Correct Answers
Hazardous occupations or tasks
, Economic theory states that the most profitable pay rate, all
things being equal is _____ since the market and labor forces are
balanced. Correct Answers At market
Employees must be paid at rates _____ in the area, which are
determined by _____ of the local labor force. Correct Answers
At least equal to "prevailing wages"; 30%
Exempt employees depend on _____ and _____ (minimum $455
per week) plus other factors. Correct Answers Job
requirements; salary level
Gainsharing addresses the... Correct Answers Challenge of
identifying appropriate performance measures for complex jobs.
Gainsharing allows employees to determine... Correct Answers
How to improve by making suggestions.
Government _____ affect pay structure! Correct Answers
Regulations
In developing a pay structure, it is important to keep in mind...
Correct Answers Employee's opinions about fairness --
EQUITY THEORY
In pay-by-production, what do over-rewarded and under-
rewarded employees produce? Correct Answers Over-
rewarded: Fewer but higher quality pieces
Under-rewarded: A large number of low quality pieces
Solutions
_____ affect pay structure! Correct Answers Economics
_____ is NOT allowed in place of wages even if the employee
prefers it. Correct Answers Compensatory Time Off
A balanced scorecard combines... Correct Answers The
advantages and disadvantages of different types of incentive pay
plans.
Benchmarking involves the use of... Correct Answers Pay
surveys
Bonuses and team awards are typically used for _____ that meet
_____. Correct Answers Smaller groups; specific goals
Both pay acts _____ the lower limit of pay. Correct Answers
Raise
Children ages 14 and 15 may work ONLY _____ in jobs defined
as _____ and for _____. Correct Answers Outside school
hours; nonhazardous; limited time periods
Children ages 16 and 17 may NOT be employed in _____ as
defined by the Department of Labor. (E.g. mining, meat-
packing, and any use of heavy equipment) Correct Answers
Hazardous occupations or tasks
, Economic theory states that the most profitable pay rate, all
things being equal is _____ since the market and labor forces are
balanced. Correct Answers At market
Employees must be paid at rates _____ in the area, which are
determined by _____ of the local labor force. Correct Answers
At least equal to "prevailing wages"; 30%
Exempt employees depend on _____ and _____ (minimum $455
per week) plus other factors. Correct Answers Job
requirements; salary level
Gainsharing addresses the... Correct Answers Challenge of
identifying appropriate performance measures for complex jobs.
Gainsharing allows employees to determine... Correct Answers
How to improve by making suggestions.
Government _____ affect pay structure! Correct Answers
Regulations
In developing a pay structure, it is important to keep in mind...
Correct Answers Employee's opinions about fairness --
EQUITY THEORY
In pay-by-production, what do over-rewarded and under-
rewarded employees produce? Correct Answers Over-
rewarded: Fewer but higher quality pieces
Under-rewarded: A large number of low quality pieces
