MIE 330 Final Exam Questions With
Correct Answers
Job |Evaluation |- |CORRECT |ANSWER✔✔-An |administrative |procedure |for |measuring |the |
relative |internal |worth |of |the |organization's |jobs.
Pay |Ranges |- |CORRECT |ANSWER✔✔-A |set |of |possible |pay |rates |defined |by |a |minimum, |
maximum, |and |midpoint |of |pay |for |employees |holding |a |particular |job |or |a |job |within |a |
particular |pay |grade.
Compa-Ratio |- |CORRECT |ANSWER✔✔-The |ratio |of |average |pay |to |the |midpoint |of |the |pay |
range.
| -If |the |average |equals |the |midpoint, |CR |is |1.
| -If |CR |is |greater |than |1, |the |average |pay |is |above |the |midpoint.
- |IF |CR |is |less |than |1, |the |average |pay |is |below |the |midpoint.
Pay |Policy |Line |- |CORRECT |ANSWER✔✔-A |graphed |line |showing |the |mathematical |relationship
|between |job |evaluation |points |and |pay |rate.
Pay |Grades |- |CORRECT |ANSWER✔✔-Sets |of |jobs |having |similar |worth |or |content, |grouped |
together |to |establish |rates |of |pay.
Delayering |- |CORRECT |ANSWER✔✔-Reducing |the |number |of |levels |in |the |organization's |job |
structure.
-More |assignments |are |combined |into |a |single |layer.
-These |broader |groupings |are |called |broad |bands.
-More |emphasis |on |acquiring |experience, |rather |than |promotions.
, Skill-based |Pay |systems |- |CORRECT |ANSWER✔✔-Pay |structures |that |are |set |pay |according |to |
the |employees' |level |of |skill |or |knowledge |and |what |they |are |capable |of |doing.
Pay |during |Military |duty |- |CORRECT |ANSWER✔✔-Some |companies |pay |the |difference |between
|what |the |military |pays |soldiers |and |what |they |would |make |in |their |civilian |jobs.
Pay |for |Executives |- |CORRECT |ANSWER✔✔-Paid |in |forms |of |salary, |bonus, |stock |options, |stock,
|etc.
Fair |Labor |Standards |Act |(FLSA) |- |CORRECT |ANSWER✔✔-Federal |law |that |establishes |a |
minimum |wage |and |requirements |for |overtime |pay |and |child |labor.
Family |and |Medical |Leave |Act |(FMLA) |- |CORRECT |ANSWER✔✔-Requires |organizations |with |50 |
or |more |employees |to |provide |up |to |12 |weeks |of |unpaid |leave:
-After |childbirth |or |adoption
-To |care |for |a |seriously |ill |family |member
-For |an |employee's |own |serious |illness
Employers |must |also |guarantee |these |employees |the |same |or |comparable |job |when |they |
return |to |work.
Job |Evaluation |Methods |- |CORRECT |ANSWER✔✔--Experience
-Education
-Complexity
-Working |conditions
-Responsibility
Incentive |Pay |- |CORRECT |ANSWER✔✔-Forms |of |pay |linked |to |an |employee's |performance |as |
an |individual, |group |member, |or |organization |member.
Correct Answers
Job |Evaluation |- |CORRECT |ANSWER✔✔-An |administrative |procedure |for |measuring |the |
relative |internal |worth |of |the |organization's |jobs.
Pay |Ranges |- |CORRECT |ANSWER✔✔-A |set |of |possible |pay |rates |defined |by |a |minimum, |
maximum, |and |midpoint |of |pay |for |employees |holding |a |particular |job |or |a |job |within |a |
particular |pay |grade.
Compa-Ratio |- |CORRECT |ANSWER✔✔-The |ratio |of |average |pay |to |the |midpoint |of |the |pay |
range.
| -If |the |average |equals |the |midpoint, |CR |is |1.
| -If |CR |is |greater |than |1, |the |average |pay |is |above |the |midpoint.
- |IF |CR |is |less |than |1, |the |average |pay |is |below |the |midpoint.
Pay |Policy |Line |- |CORRECT |ANSWER✔✔-A |graphed |line |showing |the |mathematical |relationship
|between |job |evaluation |points |and |pay |rate.
Pay |Grades |- |CORRECT |ANSWER✔✔-Sets |of |jobs |having |similar |worth |or |content, |grouped |
together |to |establish |rates |of |pay.
Delayering |- |CORRECT |ANSWER✔✔-Reducing |the |number |of |levels |in |the |organization's |job |
structure.
-More |assignments |are |combined |into |a |single |layer.
-These |broader |groupings |are |called |broad |bands.
-More |emphasis |on |acquiring |experience, |rather |than |promotions.
, Skill-based |Pay |systems |- |CORRECT |ANSWER✔✔-Pay |structures |that |are |set |pay |according |to |
the |employees' |level |of |skill |or |knowledge |and |what |they |are |capable |of |doing.
Pay |during |Military |duty |- |CORRECT |ANSWER✔✔-Some |companies |pay |the |difference |between
|what |the |military |pays |soldiers |and |what |they |would |make |in |their |civilian |jobs.
Pay |for |Executives |- |CORRECT |ANSWER✔✔-Paid |in |forms |of |salary, |bonus, |stock |options, |stock,
|etc.
Fair |Labor |Standards |Act |(FLSA) |- |CORRECT |ANSWER✔✔-Federal |law |that |establishes |a |
minimum |wage |and |requirements |for |overtime |pay |and |child |labor.
Family |and |Medical |Leave |Act |(FMLA) |- |CORRECT |ANSWER✔✔-Requires |organizations |with |50 |
or |more |employees |to |provide |up |to |12 |weeks |of |unpaid |leave:
-After |childbirth |or |adoption
-To |care |for |a |seriously |ill |family |member
-For |an |employee's |own |serious |illness
Employers |must |also |guarantee |these |employees |the |same |or |comparable |job |when |they |
return |to |work.
Job |Evaluation |Methods |- |CORRECT |ANSWER✔✔--Experience
-Education
-Complexity
-Working |conditions
-Responsibility
Incentive |Pay |- |CORRECT |ANSWER✔✔-Forms |of |pay |linked |to |an |employee's |performance |as |
an |individual, |group |member, |or |organization |member.
