Management and Organizational Studies 3342A/B Study Guide - Midterm Guide: Unemployment Benefits, Financial Plan, Telecommuting
48 views25 pages
Chapter 01 The Pay Model
1. Pay for executives is supposed to be tied to the:
A. the company's
B. the company's
C. the financial needs of the
D. the company's growth
E. the cost of living index.
2. All forms of financial returns and tangible services
and benefits that employees receive as part of an
employment relationship are known as _____.
C. base pay
3. _____ refer to one-time payments for meeting
previously established performance objectives.
4. Which of the following is NOT part of an
employee's total compensation?
B. Health insurance
D. Cost-of-living adjustments
5. A merit increase is best described as:
A. an increment to base pay that
recognizes past work behaviour.
B. psychological returns employees believe they receive in the workplace.
C. a one-time reward for past performance that does not increase base pay.
D. percentage increment to base pay provided to all employees regardless of
E. compensation given to provide for items that are in short supply.
6. Which of the following best describes relational
A. All rewards received by employees, including
cash compensation, benefits, and psychological
B. All forms of financial returns and tangible services that employees receive as part of an
C. Programs that help employees better integrate their work and life responsibilities
D. One-time payments for meeting previously established performance objectives
E. The psychological returns people believe they receive in the
7. Which of the following refers to pay calculated at
an hourly rate?
C. Merit increase
D. Total reward
8. _____ include psychological aspects of work such
as recognition and status, challenging work, and
C. Compensational returns
E. Qualitative returns
9. Which of the following best describes cost-of-living
A. One-time payments for meeting
previously established performance
B. Increment to base pay in recognition of past work behaviour
C. Percentage increment to base pay provided to all employees regardless of
D. Compensation to provide for items that are in short supply
E. Consolidated pay which is not subject to any change regardless of the cost-of-
10. An incentive payment:
A. is part of an
B. is non-taxable and therefore highly preferred by employees.
C. refers to psychological returns employees believe they receive in the workplace.
D. ties pay increases directly to an employee's
E. is made to provide for items that are in short supply.
11. _____ includes cash compensation, benefits, and