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HRMN/300 HRMN300 HRMN 300 WEEK 4 QUIZ

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HRMN 300 WEEK 4 QUIZ Question 1 Which policy can be described as paying the going rate for a particular job, within a particular market, based on research and salary studies? Resource: chapter 6, section 2, “Developing a Compensation Package.” Question options: a) market compensation policy b) broadbanding policy c) competency-based policy d) skill-based policy e) management fit policy Question 2 Which of the following is an internal pay factor? Resource: chapter 6, section 2, “Developing a Compensation Package.” Question options: a) type of industry b) unemployment rates c) inflation d) cost of living e) current economic state Question 3 Which of the following is a factor that can lead to mandated pay scales? Resource: chapter 6, section 2, “Developing a Compensation Package. Question options: a) inflation b) cost of living c) current economic state d) type of industry e) presence of unions Question 4 What is defined as the process of determining the relative worth of jobs to determine pay structure? Resource: chapter 6, section 3, “Types of Pay Systems.” Question options: a) job design b) job enrichment c) job enlargement d) job evaluation e) job specification Question 5 What is a type of job evaluation method in which job titles are listed and arranged in order of importance to the organization? Resource: chapter 6, section 3, “Types of Pay Systems.” Question options: a) job classification system b) point-factor system c) paired comparison method d) Hay profile method e) job ranking system Question 6 Which of the following is a job evaluation system in which every job is categorized based on the knowledge and skills required for the job, years of experience, and amount of authority for a particular job? Resource: chapter 6, section 3, “Types of Pay Systems.” Question options: a) job ranking system b) paired comparison method c) point-factor system d) job classification system e) Hay profile method Question 7 Which of the following is true of pay grading? Resource: chapter 6, section 3, “Types of Pay Systems.” Question options: a) The system ensures fairness and leaves little room for discrimination in pay. b) This method is most appropriate when an organization seeks to hire the best talent. c) Once the levels are developed, each job is assigned the same pay grade. d) Everyone performing the same job is not rewarded equally in this system. e) When employees receive minimal raises, they move to a higher pay grade. Question 8 Which of these pay level models cuts down the number of pay levels, enabling a broader range of pay and more flexibility within each level? Resource: chapter 6, section 3, “Types of Pay Systems.” Question options: a) pay grading system b) variable pay system c) delayering and banding process d) management fit model e) going rate model Question 9 Which of these pay level models is appropriate for a company if market pressures or labor supply-and-demand pressures greatly impact the company? Resource: chapter 6, section 3, “Types of Pay Systems.” Question options: a) delayering and banding b) pay grading system c) broadbanding d) going rate model e) management fit model Question 10 Which type of system states that salary levels are based on an employee’s traits or characteristics? Resource: chapter 6, section 3, “Types of Pay Systems.” Question options: a) pay grading b) broadbanding c) skill-based pay d) competency-based e) variable pay Question 11 Which statement accurately describes equity theory? Resource: chapter 6, section 3, “Types of Pay Systems.” Question options: a) People will perform well only when their job-related skills are acknowledged and rewarded amply. b) People will put in only as much work as they expect to receive in rewards. c) People will evaluate their own satisfactio

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