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HRM 300T Week 5 Practice: Knowledge Check

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HRM 300T Week 5 Practice: Knowledge Check

Choose the single best answer for each of the questions in the Week 5 Knowledge Check.

 

Note: The question answers are randomized. You have unlimited attempts available to complete knowledge checks.

Fundamentals of Human Resource Management, 5e (Dessler)

 

Question 1

________ refers to all forms of pay or rewards going to employees and arising from their employment.

 

employee reimbursement

 

 

employee compensation

 

 

salary

 

 

benefits

 

 

Question 2

All of the following issues are addressed by the Fair Labor Standards Act EXCEPT ________.

 

minimum wage

 

 

termination

 

 

record-keeping

 

 

overtime pay

 

 

Question 3

Jill works as a cashier at a grocery store. She earns $10 an hour (or $400 for a 40-hour week). Last week, she worked 46 hours. What is the minimum amount that Jill earned last week?

 

$430

 

 

$490

 

 

$520

 

 

$460

 

 

Question 4

Which of the following is TRUE for employers who use independent contractors?

 

 

Payroll taxes are paid by the employer.

 

 

Fair Labor Standards Act overtime requirements do not apply.

 

 

Social Security taxes are higher than for regular employees.

 

 

Federal income taxes are charged at a reduced rate.

 

 

Question 5

Unions typically negotiate all of the following issues EXCEPT ________.

 

 

income security

 

 

unpaid medical leave

 

 

time off with pay

 

 

wage rates

 

 

Question 6

Which of the following terms refers to a compensation plan that advances a firm's strategic goals?

 

 

performance pay plan

 

 

aligned reward strategy

 

 

strategic management

 

 

workers' compensation package

 

 

Question 7

External equity refers to ________.

 

the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay

 

 

how a job's pay rate in one company compares to the job's pay rate in other companies

 

 

the fairness of an individual's pay as compared to what his or her co-workers are earning for the same or very similar jobs within the company, based on each individual's performance

 

 

how fair the job's pay rate is when compared to other jobs within the same company

 

 

Question 8

Internal equity refers to ________..

 

 

the fairness of an individual's pay as compared to what his or her co-workers are earning for the same or very similar jobs within the company, based on each individual's performance

 

 

the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay

 

 

how a job's pay rate in one company compares to the job's pay rate in other companies

 

 

how fair the job's pay rate is when compared to other jobs within the same company

 

 

Question 9

What type of pay plan is being used when workers are paid a sum for each unit they produce?

 

 

base pay

 

 

piecework

 

 

job-based pay

 

 

competency-based pay

 

 

Question 10

Which term refers to a compensation plan that includes traditional pay, job design, career development, and recognition?

 

 

point method

 

 

total rewards

 

 

competency-based pay

 

 

talent-management salaries

 

 

Question 11

Financial benefits like employer-paid insurance and vacations are not a part of employee compensation.

 

Question 12

When nonexempt employees work more than 40 hours per week, employers must pay overtime at a rate of at least one-and-a-half times the normal pay for any hours worked over 40 in a workweek.

 

Question 13

The Equal Pay Act states that employees of one sex may not be paid wages at a rate lower than that paid to employees of the opposite sex for doing roughly equivalent work.

 

Question 14

The provision of the Family and Medical Leave Act that entitles employees to take up to 12 weeks of unpaid, job-protected leave for the birth of a child only applies to women.

 

Question 15

External equity refers to how fair the job's pay rate is when compared to other jobs within the same company.

 

 

Question 16

Which of the following terms refers to any salary increase the firm awards to an individual employee based on his or her individual performance?

 

 

merit pay

 

 

competency-based pay

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