Compensation 14th Edition
TEST BANK
ST
UV
IA
Barry Gerhart
_A
PP
Comprehensive Test Bank for Instructors
and Students
RO
© Barry Gerhart. All rights reserved. Reproduction or distribution without permission is
VE
prohibited.
D?
©MedConnoisseur
, TABLE OF CONTENTS
Test Bank – Compensation, 14th Edition (ISBN 9781264080908)
Barry Gerhart, Jerry Newman, George Milkovich
ST
Part I: Introducing the Pay Model and Pay Strategy
Chapter 1. The Pay Model
Chapter 2. Strategy: The Totality of Decisions
Part II: Internal Alignment: Determining the Structure
UV
Chapter 3. Defining Internal Alignment
Chapter 4. Job Analysis
Chapter 5. Job-Based Structures and Job Evaluation
Chapter 6. Person-Based Structures
Part III: External Competitiveness: Determining the Pay Level
IA
Chapter 7. Defining Competitiveness
Chapter 8. Designing Pay Levels, Mix, and Pay
Part IV: Employee Contributions: Determining Individual Pay
_A
Chapter 9. Pay-for-Performance: Theory and Evidence
Chapter 10. Pay-for-Performance: Types of Plans
Chapter 11. Performance Appraisals
Part V: Employee Benefits
PP
Chapter 12. The Benefit Determination Process
Chapter 13. Benefit Options
Part VI: Extending the System
RO
Chapter 14. Compensation of Special Groups: Executives and Others
Chapter 15. Union Role in Wage and Salary Administration
Chapter 16. International Pay Systems
Part VII: Managing the System
Chapter 17. Government and Legal Issues in Compensation
VE
Chapter 18. Management: Making It Work
D?
©MedConnoisseur
, Chapter 1: The Pay Model
Student name:__________
1) Total CEO annual compensation at S&P 500 companies is roughly $12.3 million. At just
over half that total ($6.5 million), which compensation component comprises the majority of
that total compensation amount?
A) Stock option awards
ST
B) Salary
C) Stock grants
D) Bonuses
UV
2) The "say on pay" and clawback provisions are included in which of the following federal
laws?
A) The Dodd-Frank Wall Street Reform and Consumer Protection Act
B) The Affordable Care Act of 2010
IA
C) The Fair Labor Standards Act (FLSA)
D) The Cost-of-Living Act (COLA)
_A
3) One of the reasons why the great majority of the uninsured in the United States are from
working families is that
A) many larger employers do not offer health insurance as it does not guarantee an
increase in productivity levels.
PP
B) health insurance is costlier for larger employers.
C) many small employers are much less likely than larger employers to offer health
insurance to their employees.
D) most workers decline health insurance when it is offered by their employers.
RO
4) The degree to which pay influences individual and aggregate motivation among employees at
any point in time is referred to as a(n):
A) sorting effect.
VE
B) incentive effect.
C) turnover effect.
D) directional effect.
D?
Version 1 1
, 5) Which of the following is an example of a relational return?
A) A short-term incentive
B) Employment security
C) Allowances
D) Income protection
ST
6) Which of the following is given as an increment to base pay in recognition of past work
behavior?
UV
A) Merit bonuses
B) Relational returns
C) Merit increases
D) A short-term incentive
IA
7) GreenRain Corporation faces an increase in its employee turnover rate. The CEO calls for a
board meeting with the senior executives to discuss the issue. Who among the following
_A
suggests increasing the relational returns that employees receive to reduce the turnover rate at
GreenRain?
A) Tom, who suggests increasing the decision-making authorities given to the employees
to make work more challenging
B) Deena, who suggests providing more work/life balance to the employees by
PP
increasing the number of paid leaves
C) Syed, who suggests increasing the medical insurance coverage offered to the
employees
D) Liam, who suggests increasing merit bonuses
RO
8) Which of the following statements concerning cash compensation and the Fair Labor
Standards Act is true?
A) Nonexempt employees have their pay calculated at an hourly wage.
VE
B) Exempt workers receive overtime pay.
C) Managers and professionals usually fit the category of nonexempt worker.
D) Labeling all base pay as "salary" means the employer does not have to follow the
FLSA regulations.
D?
Version 1 2
TEST BANK
ST
UV
IA
Barry Gerhart
_A
PP
Comprehensive Test Bank for Instructors
and Students
RO
© Barry Gerhart. All rights reserved. Reproduction or distribution without permission is
VE
prohibited.
D?
©MedConnoisseur
, TABLE OF CONTENTS
Test Bank – Compensation, 14th Edition (ISBN 9781264080908)
Barry Gerhart, Jerry Newman, George Milkovich
ST
Part I: Introducing the Pay Model and Pay Strategy
Chapter 1. The Pay Model
Chapter 2. Strategy: The Totality of Decisions
Part II: Internal Alignment: Determining the Structure
UV
Chapter 3. Defining Internal Alignment
Chapter 4. Job Analysis
Chapter 5. Job-Based Structures and Job Evaluation
Chapter 6. Person-Based Structures
Part III: External Competitiveness: Determining the Pay Level
IA
Chapter 7. Defining Competitiveness
Chapter 8. Designing Pay Levels, Mix, and Pay
Part IV: Employee Contributions: Determining Individual Pay
_A
Chapter 9. Pay-for-Performance: Theory and Evidence
Chapter 10. Pay-for-Performance: Types of Plans
Chapter 11. Performance Appraisals
Part V: Employee Benefits
PP
Chapter 12. The Benefit Determination Process
Chapter 13. Benefit Options
Part VI: Extending the System
RO
Chapter 14. Compensation of Special Groups: Executives and Others
Chapter 15. Union Role in Wage and Salary Administration
Chapter 16. International Pay Systems
Part VII: Managing the System
Chapter 17. Government and Legal Issues in Compensation
VE
Chapter 18. Management: Making It Work
D?
©MedConnoisseur
, Chapter 1: The Pay Model
Student name:__________
1) Total CEO annual compensation at S&P 500 companies is roughly $12.3 million. At just
over half that total ($6.5 million), which compensation component comprises the majority of
that total compensation amount?
A) Stock option awards
ST
B) Salary
C) Stock grants
D) Bonuses
UV
2) The "say on pay" and clawback provisions are included in which of the following federal
laws?
A) The Dodd-Frank Wall Street Reform and Consumer Protection Act
B) The Affordable Care Act of 2010
IA
C) The Fair Labor Standards Act (FLSA)
D) The Cost-of-Living Act (COLA)
_A
3) One of the reasons why the great majority of the uninsured in the United States are from
working families is that
A) many larger employers do not offer health insurance as it does not guarantee an
increase in productivity levels.
PP
B) health insurance is costlier for larger employers.
C) many small employers are much less likely than larger employers to offer health
insurance to their employees.
D) most workers decline health insurance when it is offered by their employers.
RO
4) The degree to which pay influences individual and aggregate motivation among employees at
any point in time is referred to as a(n):
A) sorting effect.
VE
B) incentive effect.
C) turnover effect.
D) directional effect.
D?
Version 1 1
, 5) Which of the following is an example of a relational return?
A) A short-term incentive
B) Employment security
C) Allowances
D) Income protection
ST
6) Which of the following is given as an increment to base pay in recognition of past work
behavior?
UV
A) Merit bonuses
B) Relational returns
C) Merit increases
D) A short-term incentive
IA
7) GreenRain Corporation faces an increase in its employee turnover rate. The CEO calls for a
board meeting with the senior executives to discuss the issue. Who among the following
_A
suggests increasing the relational returns that employees receive to reduce the turnover rate at
GreenRain?
A) Tom, who suggests increasing the decision-making authorities given to the employees
to make work more challenging
B) Deena, who suggests providing more work/life balance to the employees by
PP
increasing the number of paid leaves
C) Syed, who suggests increasing the medical insurance coverage offered to the
employees
D) Liam, who suggests increasing merit bonuses
RO
8) Which of the following statements concerning cash compensation and the Fair Labor
Standards Act is true?
A) Nonexempt employees have their pay calculated at an hourly wage.
VE
B) Exempt workers receive overtime pay.
C) Managers and professionals usually fit the category of nonexempt worker.
D) Labeling all base pay as "salary" means the employer does not have to follow the
FLSA regulations.
D?
Version 1 2
