- During a strike, the employer loses production unless it can hire replacement workers, and even then, productivity may be reduced.
- True
- False
- Employers in the United States are legally required to provide 30 days of paid vacation to both new and existing employees every year.
- True
- False
- On average, unionized workers receive higher pay than their nonunionized counterparts.
- True
- False
- A defined contribution plan guarantees a specified or fixed level of retirement income
- True
- False
- Britt, a heavy equipment operator; Sara, an operating engineer; and Nick, a construction mechanic, hail from different parts of the United States. Though they have different occupations, they are all members of the same union. In the context of types of union, Britt, Sara, and Nick most likely belong to a(n) _____ union.
- international
- industrial
- steward
- checkoff
- craft
- The laws governing Equal Employment Opportunity guarantee equal pay for all employees of an organization.
- True
- False
- Triano Brothers, an insurance firm, follows an administrative procedure for measuring the relative worth of its jobs for the purpose of establishing pay ranges and a salary structure. The organization does this by assembling and training a committee consisting of people familiar with the jobs. The committee includes a human resource specialist and, if the budget permits, an outside consultant is hired. Which of the following is exemplified in this scenario?
- Job rotation
- Job evaluation
- Merit pay system
- Job enrichment
- According to Employee Retirement Income Security Act (ERISA), employees whose contributions are vested meet the requirements to receive a pension at retirement age.
- True
- False
- Which of the following is an advantage of a qualified plan in retirement benefits?
- Immediate tax deductions for the funds employees contribute to the plan
- Taxable earnings on the money in the retirement fund
- Tax-free withdrawals for highly compensated employees
- Exemption of contribution from employees
- A retirement plan that provides benefits exclusively to its owners and top managers
- The differential piece rates system refers to:
- an incentive pay plan in which the employer pays the rate per piece based on the difference in performance of employees.
- a system that gives employees a bonus if the ratio of labor costs to the sales value of production is below a set standard.
- an incentive pay in which the piece rate is higher when a greater amount is produced.
- a system of linking pay increases to ratings on performance appraisals.
- an incentive pay plan where every employee is paid different wages based on the skills they possess.
- Under the FLSA, exempt status of employees depends on their:
- job responsibilities and salary.
- organizational commitment
- job title
- work experience
- job qualifications
- Skill-based pay systems do not support empowerment of employees.
- True
- False
- Issues affecting an organization’s pay structure do not affect its reputation in general.
- True
- False
- Which of the following statements is true of the FLSA requirements for overtime pay?
- The overtime rate is one and a half times the employee’s hourly rate, excluding any bonuses or piece-rate payments.
- Time worked includes hours spent on production or sales, but not on activities such as attending required classes, cleaning up the work site, and so on.
- Overtime must be paid whether or not the employer specifically asked or expected the employee to work the extra hours.
- Everyone is eligible for overtime pay.
- Most workers paid on an hourly basis are exempt and therefore not subject to the laws governing overtime pay.
- Identify the category of employees excluded by the National Labor Relations Board (NLRB) from participating in organizing activities.
- Employees in multiple facilities within a single employer
- Employees covered by multiple employers
- Employees with managerial duties
- Employees who have been on strike for economic reasons for less than one year and who have been replaced by other employees
- Employees who have a community of interest in their wages, hours, and working conditions
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