Question

Stephanie is looking at each job in her organization and comparing its value relative to every other job in the organization. When she completes this exercise, she will have done a ________

		pay structure
		wage compression
		job evaluation
		rate range

2 points   

QUESTION 16

To remain competitive, we will most likely have to________ match the benefits provided by our main competitors.

		approximately
		doubly
		partly
		half

2 points   

QUESTION 17

If the company moves to a state that has a higher minimum wage than the federal minimum wage, what is the minimum wage it must pay?

		$7.25
		$6.00
		At least 110% of the federal minimum
		The state minimum wage
		$5.15

2 points   

QUESTION 18

_____ theory notes that if a company pays higher wages, it can generally hire better people who will in turn be more productive.

		Operational wage
		Efficiency wage
		Equity
		Tournament
		Signaling pay

2 points   

QUESTION 19

Which type of equity is associated with pay surveys?

		Internal
		Strategic
		External
		Employee
		Comparison

2 points   

QUESTION 20

Jackson is paid $11 an hour as a cafeteria attendant. Jackson's pay is considered _________.

		incentives
		benefits
		wages
		salary

2 points   

QUESTION 21

Employers are required to pay for all of employee's Social Security benefits.

True

False

2 points   

QUESTION 22

The Treasury Department and the IRS have now ruled that legally married same-sex couples will be treated the same as other married couples for federal tax purposes.

True

False

2 points   

QUESTION 23

If a company chooses to provide health care to employees, they have to follow the COBRA, HIPAA, and ERISA rules.

True

False

2 points   

QUESTION 24

Disability insurance, short-term or long-term, can only provide benefits to employees when they've been injured on the job.

True

False

2 points   

QUESTION 25

Traditional health care plans allow employees to go to any doctor or provider they want without a referral to see specialists.

True

False

2 points   

QUESTION 26

Under U.S. law, any person who pays taxes can contribute to an IRA, and the contributions are tax-free.

True

False

Answer 1

We are allowed to do 4 parts to any given problem, please do not downvote the answer for this reason.

15. C. Job evaluation.

Is the comparison between different jobs based on the benefits it provides.

16. A. Approximately.

The two businesses need to match their benefits approximately in order to remain in the competition

17. D. The state minimum wage.

When there is the difference in the state and federal wage, the higher of the two wages is paid, therefore, in this case, the answer is state minimum wage.

18. Efficiency wage.

Is the concept where the firm with higher funds and capital can attract a larger number of potential candidates which will enable them to do a better job.

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