Final Exam Flashcards by Gianna Mitchell

How long are employees required to make healthcare benefits available when employees separate from the organization?

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Voluntary pension and health plans in private industry must meet minimum standards under the _______.

Employee Retirement Income Security Act (ERISA)

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Which of the following is considered a family-friendly benefit?

A. Pension planning
B. Flexible work schedules
C. Mental health programs
D. Legal counseling
E. Automobile insurance

Flexible work schedules

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A plan in which a certain amount of profits is credited to each employee’s account, payable at retirement, termination, or death, is a(n) _______.

deferred profit-sharing plan

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A plan in which the employer’s contribution to an employee’s retirement savings fund is defined is known as a(n) _______.

defined contribution pension plan

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Which of the following allows employees to pay for certain benefits with pretax dollars?

A. Executive perquisites
B. Debit accounts
C. Cafeteria benefits plans
D. Core plus plans
E. Flexible spending accounts

Flexible spending accounts

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Which of the following provides benefits for someone who is unemployed for reasons NOT related to his or her job performance?

A. Supplemental pay benefits
B. Unemployment insurance compensation
C. Vacation pay
D. Employee assistance program
E. Workers' compensation

Unemployment insurance compensation

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A benefits plan that allows employees to choose the benefits most meaningful to them, while staying within a predetermined dollar amount, is called a(n) _____.

cafeteria benefits plan

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A pension plan that allows an employee to take their pension when they leave one company and roll the pension into a new employer’s plan is known as a ________ plan.

defined contribution

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Malia recently hurt her back at work when she lifted a heavy box. Malia will MOST likely receive which of the following?

A. Social Security
B. Pension
C. Severance pay
D. Unemployment insurance compensation
E. Workers' compensation

Workers’ compensation

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Which of the following is NOT required by federal law?

A. FMLA leave
B. Vacation
C. Pregnancy leave
D. Unemployment compensation
E. Workers' compensation

Vacation

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A 401(k) is an example of a ________.

defined contribution plan

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In which type of pension plan do employees know exactly what benefits they will receive when they retire?

Defined benefit plan

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Which of the following would NOT be considered an executive perquisite, or executive perk?

A. Company planes
B. 401(k)s
C. Subsidized mortgages
D. Management loans
E. Relocation benefits

401(k)s

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When an employee can use pretax dollars to pay for certain benefits expenses, he or she is using a(n) ________.

flexible spending account (FSA)

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Which of the following provides a base salary increase tied to performance?

A. Piecework incentives
B. Bonus
C. Standard hour plans
D. Merit pay
E. Social recognition programs

Merit pay

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In a(n) _______, a corporation contributes shares of its own stock to a trust in which additional contributions are made annually. The trust distributes the stock to employees on retirement or separation from service.

employee stock ownership plan

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When working to increase employee engagement through the use of incentives, what do most managers believe is the key to success?

Employee involvement in developing the rewards program

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Because the point of an incentive program is to motivate a person to perform better, incentive plans should be used when _______.

effort and results are directly related

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Deci found that extrinsic rewards can, at times, undermine a person’s _______.

intrinsic motivation

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A plan in which salespeople receive both salary and commissions, with a sizable salary component, is known as a _______.

combination plan

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According to the expectancy theory, motivation is dependent on three things, one of which is the perceived connection between performance and obtaining the reward, known as _______.

instrumentality

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Stacey works on a production line and is paid $5 for every item that she produces. Which system is Stacey’s pay based on?

A piecework plan

Psychologist B.F. Skinner used _______ to change behavior through rewards or punishments based on performance.

behavior modification

A plan in which a production standard is set for a specific work group, and for which its members are paid incentives if the group exceeds the production standard, is known as a(n) _______.

team incentive plan

``` Which of the following plans is likely to attract high performers and bases pay only on results? A. Commission B. Variable pay C. Piecework D. Bonus E. Merit pay ```

Commission

Every year a company pays its employees a percentage of its yearly cost savings. This is an example of a(n) ________.

gainsharing plan

Rewarding employees for good performance and punishing them for poor performance as a way to change their behavior is the principle behind which motivational theory?

Behavior modification

``` In which of the following does an employee receive additional pay for production that is above what is expected? A. A bonus plan B. A piecework plan C. Merit pay D. Variable pay E. A standard hour plan ```

A standard hour plan

A plan in which a production standard is set for a specific work group, and for which its members are paid incentives if the group exceeds the production standard, is known as a(n) _______.

team incentive plan

_______ decreases the number of salary grades but expands the range of jobs and pay levels in each grade.

Broadbanding

Which of the following identifies important aspects of a job to establish how jobs compare in terms of worth? ``` A. Importance of the job B. Salary surveys C. Benchmark factors D. Market-competitive pay plans E. Compensable factors ```

Compensable factors

Which of the following acts says that employees of one sex cannot be paid at a lower rate than employees of the opposite sex if they are doing similar work? ``` A. Equal Pay B. Davis-Bacon C. Americans with Disabilities D. Walsh-Healy E. Fair Labor Standards ```

Equal Pay

A _______ is a systematic comparison of jobs to determine the worth of the job.

job evaluation

Which of the following acts contains requirements for minimum wage, equal pay, and child labor provisions? ``` A. Walsh-Healey B. Equal Pay C. Davis-Bacon D. Fair Labor Standards E. Title VII of the Civil Rights Act ```

Fair Labor Standards

Samira's team is preparing to evaluate jobs within the company. The team has first selected 15 jobs to evaluate; the team will then compare other jobs in the company to those 15 positions. These 15 initial jobs that will be evaluated are known as which of the following? ``` A. Job rank B. Pay grade C. Comparable worth D. Pay range E. Benchmark jobs ```

Benchmark jobs

What is the first step to using ranking as a job evaluation method?

Conduct a job analysis.

How should the importance of each job factor be determined when using the point method of developing a market-competitive pay plan?

Assign weights to compensable factors.

Which of the following is based on the premise that people try to maintain a balance between what they perceive as their contribution and reward? ``` A. Procedural equity B. Individual equity C. Equity theory of motivation D. External equity E. Internal equity ```

Equity theory of motivation

Which job evaluation method groups jobs as having the approximate same value for pay purposes?

Job classification

According to the Fair Labor Standards Act, which of the following types of employees is classified as nonexempt? ``` A. Sales employees B. HR directors C. Senior researchers D. Mechanics E. Plant managers ```

Mechanics

When a company assigns a value to each of its jobs, it is using which approach to set pay rates?

Job evaluation

The HR department has grouped together relatively equal jobs from different departments for pay purposes. What has the HR group developed?

Pay grades

Which is generally NOT a factor in determining executive pay? ``` A. Geographical location of the company B. Job complexity C. Ability to pay D. Company size and performance E. The executive's human capital ```

Geographical location of the company

Which of the following pays an employee based on the skills he or she has developed rather than the duties listed for his or her job? ``` A. Competency-based pay B. Total rewards C. Wage curve D. Comparable worth E. Broadbanding ```

Competency-based pay

Which type of rating system allows for ratings by colleagues and shows an immediate positive impact on communications, motivation, social loafing, group viability, and cohesion? ``` A. Self-rating B. 360-degree feedback C. Appraisal by subordinates D. Peer appraisals E. Rating committees ```

Peer appraisals

To use the employee appraisal process as a way to improve employee engagement, managers should _______.

show employees how their efforts contribute to the company's success

In a performance appraisal, when a supervisor's rating of a subordinate on one trait biases the rating of that person on other traits, what problem is being illustrated?

Halo effect

Management by objectives (MBO) refers to a multistep company-wide goal setting and appraisal program. The first step for this goal setting is to _______.

set the organization's goals

Which of the following ensures that an employee's performance continues to support the company's overall goals? ``` A. Performance management B. Rating committees C. Job dimensions D. Performance appraisal E. Competencies ```

Performance management

What should be the goal of the performance interview if an employee's performance is unsatisfactory but correctable?

To lay out an action or development plan for correcting performance

Which of the following is a good statement or question to make in an appraisal interview? A. Jane is much more thorough in her reports. B. What do you think we can do to improve the situation? C. I'll develop an improvement plan and send it to you next week. D. Why are you so slow at completing these tasks? E. You know the reason you're using that excuse is that you can't bear to be blamed.

What do you think we can do to improve the situation?

What is the continuous process of aligning an employee's performance with the organization's goals?

Performance management

The goal of the _______ is to reinforce employee strengths and remedy deficiencies in performance.

appraisal interview

The _______ lists a number of traits and a range of performance for each.

graphic rating scale