MIE 330 Final Exam Study Guide
401K plan Correct Answers a retirement plan that allows
employees to defer receiving some of their compensation until
retirement with contributions to the plan taken out of the
employee's paycheck pretax and the funds accumulating tax free
until retirement begins
Accidental Death and Dismemberment Insurance (AD&D)
Correct Answers insurance designed to compensate employees
for the loss of a body part or to compensate family if employee
loses a limb or dies by accident at work
Affirmative Action Correct Answers the process of actively
seeking to identify, hire, and promote qualified members of
underrepresented groups
Age Discrimination in Employment Act Correct Answers
Prohibits employment discrimination of individuals aged 40 or
older; applies to employers with 20 or more employees
Agency shop Correct Answers a labor union arrangement
under which employees cannot be required to join a union but
can be required to pay a union an agency fee for purposes such
as initiation
Agency theory Correct Answers A theory in which managers
can motivate their employees to act in certain ways by aligning
their interests with the interests of the firm's other stakeholders
,American with Disabilities Act Correct Answers Prohibits
discrimination in employment practices against qualified
individuals with disabilities who can perform the job with or
without reasonable accommodation
Attrition Correct Answers a decision to not fill vacant positions
that emerge as a result of turnover or other employees
movements in a company
Bad faith bargaining Correct Answers entering into a collective
bargaining situation with no intention of reaching an agreement
or in some other way violating the protocol for appropriate
collective bargaining
Behavioral interview Correct Answers a type of interview
based on the premise that past behavior is the best predictor of
future behavior and involves asking job candidates to respond to
questions about how they have handled specific job-related
types of situations in the past
Behaviorally anchored rating scale (BARS) Correct Answers A
behavior based evaluation approach where raters must evaluate
individuals along a number of performance dimensions with
each performance rating standard anchored by a behavioral
example
Benchmark jobs Correct Answers Jobs that are used to
represent the range of jobs in a company and that can be used
for comparison with jobs in other companies for the purpose of
establishing pay rates
, Bona fide occupational qualification (BFOQ) Correct Answers
Protected classification can legally be used to make employment
decision- race and color can never be BFOQ
Business necessity Correct Answers the employment practice
that has some relationship to legitimate business goals and that it
is essential to the company's survival
Cash balance plan Correct Answers a type of retirement
account in which the employer credits the participants retirement
account with a pay credit and an interest credit and the
employers bears the risk; the employee, when fully vested is
entitled to receive the stated account balance upon leaving the
company or at retirement
Civil Rights Act of 1991 Correct Answers Clarifies defense in
disparate impact cases, provides for monetary damages in cases
of intentional discrimination, and eliminates race norming
Closed shop Correct Answers type of union shop was outlawed
and is considered the most extreme form of union membership
because it requires works to join a union before they can be
hired and requires employers to go to the union first to hire new
employees
Coaching Correct Answers short-term training provided one-
on-one and primarily focused on performance improvement
relative to a specific skill or ability
Collective bargaining Correct Answers the process that labor
union and employers use to reach agreement about wages,
401K plan Correct Answers a retirement plan that allows
employees to defer receiving some of their compensation until
retirement with contributions to the plan taken out of the
employee's paycheck pretax and the funds accumulating tax free
until retirement begins
Accidental Death and Dismemberment Insurance (AD&D)
Correct Answers insurance designed to compensate employees
for the loss of a body part or to compensate family if employee
loses a limb or dies by accident at work
Affirmative Action Correct Answers the process of actively
seeking to identify, hire, and promote qualified members of
underrepresented groups
Age Discrimination in Employment Act Correct Answers
Prohibits employment discrimination of individuals aged 40 or
older; applies to employers with 20 or more employees
Agency shop Correct Answers a labor union arrangement
under which employees cannot be required to join a union but
can be required to pay a union an agency fee for purposes such
as initiation
Agency theory Correct Answers A theory in which managers
can motivate their employees to act in certain ways by aligning
their interests with the interests of the firm's other stakeholders
,American with Disabilities Act Correct Answers Prohibits
discrimination in employment practices against qualified
individuals with disabilities who can perform the job with or
without reasonable accommodation
Attrition Correct Answers a decision to not fill vacant positions
that emerge as a result of turnover or other employees
movements in a company
Bad faith bargaining Correct Answers entering into a collective
bargaining situation with no intention of reaching an agreement
or in some other way violating the protocol for appropriate
collective bargaining
Behavioral interview Correct Answers a type of interview
based on the premise that past behavior is the best predictor of
future behavior and involves asking job candidates to respond to
questions about how they have handled specific job-related
types of situations in the past
Behaviorally anchored rating scale (BARS) Correct Answers A
behavior based evaluation approach where raters must evaluate
individuals along a number of performance dimensions with
each performance rating standard anchored by a behavioral
example
Benchmark jobs Correct Answers Jobs that are used to
represent the range of jobs in a company and that can be used
for comparison with jobs in other companies for the purpose of
establishing pay rates
, Bona fide occupational qualification (BFOQ) Correct Answers
Protected classification can legally be used to make employment
decision- race and color can never be BFOQ
Business necessity Correct Answers the employment practice
that has some relationship to legitimate business goals and that it
is essential to the company's survival
Cash balance plan Correct Answers a type of retirement
account in which the employer credits the participants retirement
account with a pay credit and an interest credit and the
employers bears the risk; the employee, when fully vested is
entitled to receive the stated account balance upon leaving the
company or at retirement
Civil Rights Act of 1991 Correct Answers Clarifies defense in
disparate impact cases, provides for monetary damages in cases
of intentional discrimination, and eliminates race norming
Closed shop Correct Answers type of union shop was outlawed
and is considered the most extreme form of union membership
because it requires works to join a union before they can be
hired and requires employers to go to the union first to hire new
employees
Coaching Correct Answers short-term training provided one-
on-one and primarily focused on performance improvement
relative to a specific skill or ability
Collective bargaining Correct Answers the process that labor
union and employers use to reach agreement about wages,
