The Sarbanes–Oxley Act of 2002 requires that
companies can seek repayment for incentives paid that were later found to be materially inaccurate
the Securities and Exchange Commission meet annually to discuss bonuses
executives cannot retain bonuses or profits from selling company stock if they mislead the public about the financial health of the company
the minimum wage change each year
One downside of team incentives is that
it does not provide retirement income to employees
it does nothing to educate employees about the factors of business success and capitalism
managers do not feel that incentives motivate employees equally
most employees do not feel that their jobs have a direct impact on profits Incorrect
Which of the following laws established the first national minimum wage?
McNamara–O'Hara Service Contract Act (1965)
Davis–Bacon Act (1931)
Fair Labor Standards Act (1938)
Walsh–Healey Act (1936)
What is driving the increasing costs of healthcare?
Passage of the health care exchanges
Aging population and an increase in obesity
Rising cost of childcare
Increasing numbers of legal immigrants
Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans that have 1-year service?
__________ is not legally required, and, because of unemployment compensation, many firms do not offer it.
The gatekeeper in a managed care health insurance plan is the
insurance cost monitor
the HR representative
primary care physician
Open pay systems tend to work best when
effort and performance are related closely over a long time span
there is a union to negotiate pay increases
job performance can be measured objectively
business strategy matches the organizational development stage Correct
______________cover 128 million workers in the United States.
Workers’ compensation programs
________________ provides a supplemental, one-time payment when death is accidental, and it provides a range of benefits when employees become disabled—that is, when they cannot perform the main functions of their occupations.
A preferred provider payment
A point-of-service plan
In the United States, salary discussions among employees are protected under
the Equal Pay Act (1963)
the Fair Labor Standards Act (1938)
the National Labor Relations Act (1935)
Gain sharing plans consist of all EXCEPT which of the following elements:
An involvement system
A philosophy of cooperation
A financial bonus
An internal equity
One strategic issue that should influence the design of benefits is an organization’s
value to employees
plan to pay panel
stage of development
Evidence indicates that the perceived value of benefits rises when employers introduce
choice through a flexible benefits package
Which of the following is NOT another name for gain sharing?
The Scanlon plan
The Rucker plan
___________ bridge the gap between organizational objectives and individual expectations and aspirations.
Corporate compensation systems
The type of private pension plan in which an employer promises to pay a retiree a stated pension is a
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