RSM Final Exam Questions And Answers Well Elaborated.

+The Family Medical Leave Act guarantees ___ weeks of unpaid leave for workers who qualify. - correct answers12 +This program grants income to workers who are unable to work due to injuries sustained while on the job. - correct answers worker's compensation Which of the following examples is NOT considered a compensable work activity? -a fireman who plays checkers while waiting for an alarm -an employee attends an employer-mandated training -an employee travels from home before the regular workday and returns to his/her home at the end of the workday -an employee takes a 15-minute rest during work time - correct answers an employee travels from home before the regular workday and returns to his/her home at the end of the workday +Which of the following is NOT a protected characteristic by Title VII of the Civil Rights Act of 1964? - correct answers sexual orientation This act strengthened the Equal Pay Act of 1963 by requiring employers to show that pay disparities are job related rather than sex-based. This act also prohibits employers from retaliating against employees who share their salary information. - correct answers The Civil Rights Act of 1964 +This is a systematic process for gathering, documenting, and analyzing information in order to describe jobs - correct answers job analysis Compensation professionals use _________ to systematically recognize differences in the relative worth among a set of jobs and establish pay differentials accordingly. - correct answers job evaluation +What source is generally able to provide the most extensive and detailed information about how job duties are performed? - correct answers job incumbents +Which of the following are the four "universal compensable factors"? - correct answers skill, effort, responsibility, working conditions _________ plans use market data to determine differences in job worth. - correct answers market-based evaluation +Market-based job evaluation uses which method to collect data to determine prevailing pay rates? - correct answers surveys +Which of the following is an advantage of seniority pay systems? - correct answers They reward employees on an objective basis +Which pay system is most widely used in America today? - correct answers merit pay +Among the various performance appraisal techniques, this appraisal system is the most defensible in court because it is based on actual observable job performance behaviors. - correct answers behaviorally anchored rating scale +XYZ Movers, a professional relocation company, has 3-person teams for their moving services. The company asks customers to complete a satisfaction survey regarding their recent move. For an employee's performance appraisal, customer satisfaction surveys are also considered in addition to his/her supervisor and team member ratings. Which of the following best describes this situation?+ - correct answers360 degree performance appraisal +_________ pay programs assume that employees' compensation over time should be determined, at least in part, by differences in job performance. - correct answersmerit Which of the following is true concerning incentive pay? - correct answersAwards are usually granted in one-time payouts Individual incentive plans help to promote the relationship between pay and ________ - correct answersperformance In addition to the guaranteed hourly pay rate, Monica receives incentives for every item produced over the designated production standard. What kind of incentive plan is used in this situation? - correct answersPiecework plans What type of incentive plan involves a group of employees being rewarded for productivity gains? - correct answersgain-sharing plans Rachel works for a nursing home. As the administrator she receives a bonus for every month the facility has no safety violations. Which category of incentive pay is being offered? - correct answersindividual +Which pay plan generally rewards employees for acquiring job-related competencies, knowledge, or skills rather than for demonstrating successful job performance? - correct answersperson-focused +Pay-for-knowledge and skill-based pay are two types of person-focused pay programs that fall under which pay category? - correct answerscompetency-based Which of the following are the two main reasons given for adopting pay-for-knowledge programs? - correct answerstechnological innovations and increased global competition Which of the following is a main reason for the increased costs associated with person-focused pay -programs? -Higher payroll costs -Higher training costs -Both A and B -None of the Above - correct answersBoth A and B +You broke your neck at work. The company called to inform you that they had to switch your benefits from the short-term disability account to the long-term disability account. Based on this decision, how long have you been off work? - correct answers6 months Which of the following is NOT a condition manifesting short-term disability? - correct answersrecovering from illness +Which of the following conditions is a mental or physical disability for which medical advice, diagnosis, care, or treatment was received during a designated period preceding the beginning of disability insurance coverage? A) preeligibility condition B) exclusive condition C) eliminating condition D) preexisting condition - correct answersD) preexisting condition +Which of the following is a feature of short-term disability plans? A) inclusion provisions B) preexisting conditions C) partial disabilities inclusion D) waiting period - correct answersB) preexisting conditions Self-inflicted wounds and drug dependency are generally considered as what in most short-term disability insurance plans? - correct answerspreexisting conditions +Some pension plans are referred to as "qualified plans" and others as "nonqualified." Which of the following is a condition that must be met for a plan to be considered "qualified? A) It must have been after ERISA legislation took effect in 1975. B) Employee contributions must be matched dollar per dollar by the employer. C) Employees must be limited to a contribution level of 5% of their income. D) Employees must always be vested in their contributions to the plan. - correct answersD) Employees must always be vested in their contributions to the plan These represent a series of payments for the life of the participant and beneficiary. - correct answersannuities +What type of retirement plan is a 401(k)? - correct answersdefined contribution What is the key characteristic of a defined benefit plan? - correct answersThe plan guarantees retirement benefits specified in the plan document Which is true of a defined contribution plan? - correct answersEmployers invest the funds of behalf of the employees Which of the following is associated with 401(k) plans? - correct answersEmployees do not pay taxes on their contributions. These are used as reference points for setting pay levels. - correct answersbenchmark jobs +When using compensation survey data, statistical analyses are used to integrate ____________ with the external market, in order to determine pay rates. - correct answersinternal job structures +What is a common problem associated with compensation survey data? - correct answersCompensation survey data can often be outdated because of the lag time between collection and implementation of data. +Which of the following are the three measures of dispersion? - correct answersstandard deviation, quartile, percentile +Regression analysis finds the best fitting line between two variables. When compensation specialists apply the method to establish market competitive compensation, which term applies? - correct answersmarket pay line +To receive OASDI disability benefits, Sung Lee's disability would have to be expected to last at least how long? - correct answers12 months +MomPop's General Store can avoid paying workers' compensation taxes if it keeps its staff to less than how many employees? - correct answers12 +Under the Family and Medical Leave Act, how many hours would Pierre have had to work in the previous 12 months in order for him to take time off to care for his wife and new child? - correct