Question : 36. __________ means a company’s pay practices similar to the : 1234332

 

36. __________ means a company’s pay practices are similar to the practices of other organizations competing for the same talent.

A) Externally equitable

B) Internally equitable

C) Market pricing

D) Benchmarking

E) Relevant salary market

37. Which of the following law has a provision that workers employed in construction industry must be paid at the prevailing local pay rate when working on government contracts?

A) Fair Labor Standards Act (FLSA) of 1938

B) Equal Pay Act (EPA) of 1963

C) Davis-Bacon Act of 1931

D) Walsh-Healey Act of 1936

E) Services Contract Act of 1965

38. Which law focuses on three main areas: minimum wage, overtime pay, and child labor rules.

A) Fair Labor Standards Act (FLSA) of 1938

B) Equal Pay Act (EPA) of 1963

C) Davis-Bacon Act of 1931

D) Walsh-Healey Act of 1936

E) Services Contract Act of 1965

39. Which of the following law amended the FLSA to include a prohibition against pay differentials based on gender?

A) Minimum Wage Law of 1938

B) Equal Pay Act (EPA) of 1963

C) Davis-Bacon Act of 1931

D) Walsh-Healey Act of 1936

E) Services Contract Act of 1965

40. You have just been hired into a job and you find that you are being paid at the max of the range for the grade.  You hope to have a long career with this company and are hoping for a promotion within the year.  Your reaction should be:

A) Glee, because they are showing how much they truly value you.

B)  Anxiety, because you have no room for financial growth in this position.

C)  Happiness, because you are making more than the guy hired after you.

D) Frustration, because of external equity factors.

E)     Start looking for another job because you are being undervalued.

41. In order to qualify for the executive employee exemption, the employee must be compensated on a salary basis at a rate not less than __________ per week.

A) $454

B) $545

C) $554

D) $544

E) $455

42. The __________ policy requires a pay structure that is based on an internal assessment of job worth.

A) pay equity

B) supplement

C) compensation

D) minimum wage

E) labor

43. Under the __________ program, eligible individuals are covered by a comprehensive program of retirement, survivor, disability, and health benefits.

A) employee welfare

B) social security

C) long-term capital accumulation

D) time-off plans

E) employee services

44. The __________ program provides for medical expenses and pay in cases where the illness or injury is work related.

A) employee welfare

B) social security

C) workers’ compensation insurance

D) unemployment compensation insurance

E) employee services

45. Which of the following is not a component of compensation for international assignments?

A) Base salary

B) Foreign service premiums

C) Allowances

D) Benefits

E) Pay for performance

46. What aspect of pay equity do wage and salary surveys help monitor?

A) Internal equity

B) Internal fairness

C) Individual equity

D) External utility

E) External equity

47. All of the following are benefit programs that are federally mandated with the exception of:

A) Social Security

B) Vacation

C) Workers compensation

D) Unemployment compensation

E) All of the above, there are no exceptions

48.  Reasons why a company could see and increase in the cost of their unemployment insurance include?

A) Aggressively fighting unjustified claims for unemployment

B) Establishing an effective performance management system

C) Ensure that terminations are based on employee misconduct

D) Making a decision to have a mass layoff of 58% of the workforce

E) All of the above

49. All of the following are forms of direct compensation except?

A) Base salary

B) Dental benefits

C) Vacation

D) 401K

E) Defined contribution pension

50. You have a business in south Florida.  The minimum wage under the FLSA is $7.50/hour.  Florida has set its minimum wage at $8.00/hour.  You are required to pay your secretary:

A) Base pay of $7.50 plus benefits

B) Market rate regardless of if it is lower than either minimum standard

C) Base pay of $8.00/hour and minimum of $7.50/hour in medical benefits

D) Premium pay of $7.50/hour

E) Base pay of $8.00/hour