Question 1 (1 point) Question 1 Unsaved
Which term is used to describe the situation where the pay
spread between newly hired employees and more qualified job incumbents is
small?
Question 1 options:
Pay structures
Red circle pay rates
Pay compression
Green circle pay rates
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Question 2 (1 point) Question 2 Unsaved
In March 2011, U.S. companies spent approximately how much
per employee for discretionary benefits?
Question 2 options:
$3,050
$15,000
$1,200
$28,995
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Question 3 (1 point) Question 3 Unsaved
How are compa-ratios calculated?
Question 3 options:
Dividing the green circle rates mid-point by the normal pay
range
Dividing
an employee’s pay rate by the pay range midpoint
Dividing the employee’s pay rate by the market line rate
Dividing the red circle rates by the normal pay range
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Question 4 (1 point) Question 4 Unsaved
This type of commission draw acts as a salary because
employees are not obligated to repay the loans if they do not sell enough to
cover the amount.
Question 4 options:
Graduated draw
Nonrecurring draw
Nonrecoverable
draw
Safe draw
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Question 5 (1 point) Question 5 Unsaved
Which of the following are the three measures of dispersion?
Question 5 options:
Percentile standard, deviation, arithmetic mean
Arithmetic mean, percentile, quartile
Standard
deviation, quartile, percentile
Quartile, arithmetic mean, standard deviation
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Question 6 (1 point) Question 6 Unsaved
This federal Act requires contractors with federal contracts
worth over $2,000 to pay wages at least equal to those prevailing in the area
where the work is being done.
Question 6 options:
Davis-Bacon
Act
Fair Labor Standards Act
Civil Rights Act of 1964
Equal Pay Act
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Question 7 (1 point) Question 7 Unsaved
This term refers to a group of two or more jobs that are
based on similar work characteristics, duties, and responsibilities.
Question 7 options:
Market pay line
Benchmark jobs
Quartiles
Occupational
classification
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Question 8 (1 point) Question 8 Unsaved
Market lag policies are generally set to which quartile in
the salary survey?
Question 8 options:
2nd
4th
1st
3rd
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Question 9 (1 point) Question 9 Unsaved
This is a loan from the company to the employee that is carried
forward indefinitely until the employee sells enough to repay it.
Question 9 options:
An interest-free loan
A non-recoverable draw
A
recoverable draw
Commission-plus-draw plan
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Question 10 (1 point) Question 10 Unsaved
The Consumer Price Index represents the average price
changes for the price of goods and services in how many regions?
Question 10 options:
8
6
4
2
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Question 11 (1 point) Question 11 Unsaved
Which BLS survey covers the incidence and detailed
provisions of selected benefit plans, with the data being presented as a
percentage of employees who have access to the benefit plans?
Question 11 options:
Employer Costs for Employee Compensation
National
Compensation Survey
National Benefit Index
Employment Cost Index
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Question 12 (1 point) Question 12 Unsaved
If the company adopts a market lag policy, how will that
company’s pay range midpoint compare to the market average?
Question 12 options:
The
midpoint will be lower than the market average.
There is not enough information to determine the answer.
The midpoint will be the same as the market average.
The midpoint will be higher than the market average.
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Question 13 (1 point) Question 13 Unsaved
When these are used to develop pay grade widths, the grades
are based on a set number of job evaluation points for each grade that
increases as an employee moves up the pay structure.
Question 13 options:
Pay rate spreads
Absolute
job evaluation points spreads
Percentage-based job evaluation point spreads
Pay range spreads
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Question 14 (1 point) Question 14 Unsaved
Market match policies are generally set to which quartile in
the salary survey?
Question 14 options:
1st
3rd
4th
2nd
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Question 15 (1 point) Question 15 Unsaved
This term refers to the groupings of jobs based on
compensable factors, for the purpose of applying pay policies.
Question 15 options:
Pay
grades
Market-competitive pay structures
Pay ranges
Market lines
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Question 16 (1 point) Question 16 Unsaved
These are tools used by employers to determine the pay
levels needed to recruit highly qualified employees.
Question 16 options:
External market surveys
Compensation
surveys
Strategic surveys
Internal market surveys
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Question 17 (1 point) Question 17 Unsaved
This type of pay rate applies to an employee who is demoted
but is paid more than the maximum rate for the pay grade he is now in.
Question 17 options:
Green circle
Multi-tier pay
Red
circle
Graduated pay
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Question 18 (1 point) Question 18 Unsaved
What does it mean when the distribution of data is skewed to
the right?
Question 18 options:
There is a lower frequency of larger values and the median
is greater than the mean.
There is a higher frequency of larger values and the median
is greater than the mean.
There
is a lower frequency of larger values and the mean is greater than the median.
There is a higher frequency of larger values and the mean is
greater than the median
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Question 19 (1 point) Question 19 Unsaved
This theory suggests that an employee must regard his own
ratio of merit increase pay to performance as similar to the ratio for other
comparably performing people in the company.
Question 19 options:
Comparable ratio theory
Equality theory
Comparable pay theory
Equity
theory
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Question 20 (1 point) Question 20 Unsaved
Jose Escobar conducts a survey of salaries at UB2
Enterprises and finds that 50% of the workers fall below the market pay average
of $32,000. In which quartile do the workers at ERL Enterprises fall?
Question 20 options:
Fourth
First
Third
Second
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Question 21 (1 point) Question 21 Unsaved
Discretionary benefits are generally divided into which
three categories?
Question 21 options:
Intellectual enhancements, health benefits, and services
Health benefits, intellectual enhancements, and paid
time-off
Services,
paid time-off, and protection programs
Pension benefits, protection programs, and health benefits
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Question 22 (1 point) Question 22 Unsaved
What specifies the rate at which participants accumulate
benefits?
Question 22 options:
Combination procedures
Sarbanes-Oxley
Build-up rules
Accrual
rules
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Question 23 (1 point) Question 23 Unsaved
Which type of contingent worker tends to have specialized
skills that are in relatively limited supply in the labor market?
Question 23 options:
Temporary employees
Leased employees
Part-time employees
Independent
contractors
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Question 24 (1 point) Question 24 Unsaved
Marty’s employer has a prescription drug plan that will only
make him pay 20% of cost of his prescription, if he goes only to certain
pharmacies. What type of prescription drug plan does he have?
Question 24 options:
Mail order prescription drug plan
Prescription reimbursement plan
Medical reimbursement plan
Prescription
card program
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Question 25 (1 point) Question 25 Unsaved
Which of the following is associated with 401(k) plans?
Question 25 options:
Employees cannot deduct their contributions from taxable
income.
Employees pay taxes on their contribution.
Investment gains are taxed.
Employees
do not pay taxes on their contributions.
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Question 26 (1 point) Question 26 Unsaved
What is the term used when a company offers stock to its
employees?
Question 26 options:
Stock
grant
Stock allocation
Stock disposition
Stock option
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Question 27 (1 point) Question 27 Unsaved
Who has the authority to define a “year of
service” for pension protection purposes?
Question 27 options:
The
U.S. Department of Labor
The union
The human resources department
The chief executive officer
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Question 28 (1 point) Question 28 Unsaved
How many hours (including all paid time for performing work
and paid time off) will Jamal have to work to complete a “year of
service”?
Question 28 options:
100
270
100
185
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Question 29 (1 point) Question 29 Unsaved
A short-term incentive plan would most likely be used for
which company employee?
Question 29 options:
A new employee in training
The
company’s CEO
A mid-level manager
A sanitation worker
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Question 30 (1 point) Question 30 Unsaved
What is the only state that requires employee contributions
under the Federal Unemployment Tax Act (FUTA)?
Question 30 options:
Michigan
Alaska
Florida
California
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Question 31 (1 point) Question 31 Unsaved
To be fully insured under OASDI, Simone would have to work
at least how long?
Question 31 options:
5 years
10
years
12 months
24 months
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Question 32 (1 point) Question 32 Unsaved
This type of consumer driven health care program allows
employees to carry-over the unused funds still in their account.
Question 32 options:
Health reimbursement account
Health
savings account
Flexible spending account
Flexible savings account
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Question 33 (1 point) Question 33 Unsaved
The approximate annual cost of employee assistance programs
(EAPs) is usually no more than how much?
Question 33 options:
$60
$10
$200
$100
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Question 34 (1 point) Question 34 Unsaved
Which type of contingent worker would work for a company on
a long-term basis, presumably on an indefinite basis?
Question 34 options:
Temporary employees
Leased
employees
Part-time employees
Independent contractors
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Question 35 (1 point) Question 35 Unsaved
What is the only state where employers are not required to
fund workers’ compensation programs?
Question 35 options:
Texas
New York
Michigan
Oregon
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Question 36 (1 point) Question 36 Unsaved
When a telecommuting employee works from a remote extension
from the employer’s office that includes a clerical staff and a full-time
manager, that employee is said to be working at what type of office?
Question 36 options:
Neighborhood work center
Remote work office
Nomadic work center
Satellite
work center
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Question 37 (1 point) Question 37 Unsaved
The safe harbor rule requires that the contingent worker be
covered by whose
pension plan?
Question 37 options:
The
leasing company
The client company
The employee is responsible for his or her own pension
Depends on the contractual arrangement between the leasing
company and the employer
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Question 38 (1 point) Question 38 Unsaved
In which state would an employee be eligible for an
additional 13 weeks of emergency unemployment insurance (for a total of 33
weeks) under the Unemployment Compensation Act of 2008 due to excessively high
state unemployment?
Question 38 options:
Montana
Alabama
Michigan
North Dakota
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Question 39 (1 point) Question 39 Unsaved
How many days must temporary and seasonal employees work to
meet ERISA requirements to participate in a company’s qualified retirement
plan?
Question 39 options:
200
100
125
250
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Question 40 (1 point) Question 40 Unsaved
Outplacement assistance programs are best suited for which
condition?
Question 40 options:
Workforce increases
Global operations
New plant openings
Mergers
and acquisitions
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Question 41 (1 point) Question 41 Unsaved
To be covered by FLSA overtime and minimum wage provisions,
seasonal employees must work for a company that is open how many months in a
year?
Question 41 options:
4
12
11
7
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Question 42 (1 point) Question 42 Unsaved
Most contingent workers were employed as what, in 2005?
Question 42 options:
Temporary employees
Independent contractors
On-call
employees
Leased employees
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Question 43 (1 point) Question 43 Unsaved
As of March 2011, discretionary benefits accounted for as
much as what percentage of an employer’s total payroll costs?
Question 43 options:
50%
60%
75%
30%
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Question 44 (1 point) Question 44 Unsaved
A worker considered part-time is working less than how many
hours in a week?
Question 44 options:
25
39
35
30
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Question 45 (1 point) Question 45 Unsaved
This term refers to the percentage of the health bill the
insured employee is required to pay.
Question 45 options:
Coinsurance
Co-admission
Co-payment
Co-premiums
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Question 46 (1 point) Question 46 Unsaved
Which of the following would be considered an act as part of
a company’s wellness program?
Question 46 options:
Offering
anti-smoking courses
Giving out cigars to expecting fathers
Putting a soda machine in the break room
Giving employees free pizza at lunch
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Question 47 (1 point) Question 47 Unsaved
Julio wants to apply for unemployment benefits, how much
will he have to have earned, in the last four quarters, to qualify?
Question 47 options:
$1,000
total
$10,000 total
$100 total
$5,000 total
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Question 48 (1 point) Question 48 Unsaved
MomPop’s General Store can avoid paying workers’
compensation taxes if it keeps its staff to less than how many employees?
Question 48 options:
25
50
12
100
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Question 49 (1 point) Question 49 Unsaved
The IRS uses the term “highly compensated
employees” for what purpose?
Question 49 options:
Fo
determine the necessity of top-heavy provisions in health insurance plans
For non-discrimination rules in employer-sponsored health
insurance benefits
To determine the necessity of top-heavy provisions in
qualified retirement plans
For non-discrimination rules in employer-sponsored
retirement benefits
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Question 50 (1 point) Question 50 Unsaved
As of 2011, how much would you have to earn to qualify for
one quarter of credit for OASDI coverage?
Question 50 options:
$920 a month
$1,090
a year
$625 a month
$625 a year
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Question 51 (1 point) Question 51 Unsaved
According to the safe harbor rules, leased employees can
make-up no more than what percentage of your company’s total workforce?
Question 51 options:
20%
10%
25%
33%
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Question 52 (1 point) Question 52 Unsaved
Which type of contingent worker is most likely to be
involved in a job sharing
arrangement?
Question 52 options:
Part-time
employees
Temporary employees
Independent contractors
Leased employees
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Question 53 (1 point) Question 53 Unsaved
This is the difference between the stock price at the time
of purchase and the lower stock price at the time an executive receives the
stock option.
Question 53 options:
Fair market value
Capital
gains
Discounted value
Disposition value
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Question 54 (1 point) Question 54 Unsaved
Which executive bonus amount varies with the extent to which
a pre-established minimum performance level is met?
Question 54 options:
Target
plan
Discretionary
Performance-contingent
Predetermined allocation
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Question 55 (1 point) Question 55 Unsaved
In the end, Yolanda beat Tristen and Michel in a series of
competitions among top-level managers to become CEO of National LemGlass. Which
compensation theory did the company probably use?
Question 55 options:
Competition
Comparison
Agency
Tournament
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Question 56 (1 point) Question 56 Unsaved
This type of executive bonus is based on a bonus pool that
is determined by a fixed-formula that is not determined by the executive’s
performance.
Question 56 options:
Predetermined
allocation
Target plan
Performance-contingent
Discretionary
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Question 57 (1 point) Question 57 Unsaved
A golden parachute clause can be triggered by which of the
following?
Question 57 options:
Retirement
Disability
Corporate
takeover
Resignation
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Question 58 (1 point) Question 58 Unsaved
The SEC requires compensation information on the CEO and how
many of the highest paid executives?
Question 58 options:
2
7
10
4
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Question 59 (1 point) Question 59 Unsaved
When he became CEO, Duane was given a stock option that does
not require him to exercise his options in order to receive income. Which plan
is it?
Question 59 options:
Golden parachute
Stock
appreciation rights
Restricted stock
Discount stock
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Question 60 (1 point) Question 60 Unsaved
The IRS considers Sylvia to be a highly compensated employee
for Beautiful Pictures, Inc., which means she has at least one of which of the
following qualifications in the preceding year?
Question 60 options:
1% owner in the top paid employee group
Made over $75,000
Made over $50,000
5%
owner in the top paid employee group
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Question 61 (45
points) Question 61 Unsaved
What are hardship
allowances? What are their features? How does the U.S. Department of State determine
the value of these allowances? Your response should be 200-250 words in length.
Who are the key
players in setting executive compensation? Detail their different roles. Your
response should be 200-250 words in length.
