Human Resources

Topics: Pension, Employment, Employment compensation Pages: 8 (683 words) Published: March 29, 2014
1
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
Correct
2
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
3
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)
Correct
4
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
Correct
5
Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans that have 1-year service?

ERISA (1974)

COBRA (1985)

ADA (1990)

HIPAA (1996)
Incorrect
6
__________ is not legally required, and, because of unemployment compensation, many firms do not offer it.

Short-term disability

Cost shifting

Retirement pay

Severance pay
Correct
7
The gatekeeper in a managed care health insurance plan is the

insurance cost monitor

the employee

the HR representative

primary care physician
Incorrect
8
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
9
______________cover 128 million workers in the United States.

Defined-benefit programs

Workers’ compensation programs 

Point-of-service programs

Defined-contribution programs
Correct
10
________________ 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

Medical underwriting

A point-of-service plan

Disability coverage 
Correct
11
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)

Salary.com
Incorrect
12
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
Incorrect
13
One strategic issue that should influence the design of benefits is an organization’s

value to employees

plan to pay panel

stage of development

shareholder’s form
Incorrect
14
Evidence indicates that the perceived value of benefits rises when employers introduce

more jobs

choice through a flexible benefits package

flexible supervisors

higher salaries
Correct
15
Which of the following is NOT another name for gain sharing? 

The Scanlon plan

The Rucker plan

Improshare

Control-based compensation
Correct
16
___________ bridge the gap between organizational objectives and individual expectations and aspirations.

Corporate compensation systems

Rewards

Employment practices 

Financial systems
Incorrect
17
The type of private pension plan in which an employer promises to pay a retiree a stated pension is a

defined-retirement plan

defined-contribution plan...
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