Management and Organizational Studies 3342A/B Study Guide - Midterm Guide: Unemployment Benefits, Financial Plan, Telecommuting

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Chapter 01 The Pay Model
Student: ___________________________________________________________________________
1. Pay for executives is supposed to be tied to the:
A. the company's
financial
performance.
B. the company's
reputation.
C. the financial needs of the
employee.
D. the company's growth
potential.
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 _____.
A. compen
sation
B. total
rewards
C. base pay
D. relational
returns
E. merit
pay
3. _____ refer to one-time payments for meeting
previously established performance objectives.
A. Cost-of-living
adjustments
B. Incentives
C. Merit
increments
D. Relational
returns
E. Allowance
s
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4. Which of the following is NOT part of an
employee's total compensation?
A. Paid
vacatio
n
B. Health insurance
C. Promotion
s
D. Cost-of-living adjustments
E. Merit
pay
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
performance.
E. compensation given to provide for items that are in short supply.
6. Which of the following best describes relational
returns?
A. All rewards received by employees, including
cash compensation, benefits, and psychological
returns
B. All forms of financial returns and tangible services that employees receive as part of an
employment
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
workplace
7. Which of the following refers to pay calculated at
an hourly rate?
A. Sala
ry
B. Wage
C. Merit increase
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D. Total reward
E. Compensation
8. _____ include psychological aspects of work such
as recognition and status, challenging work, and
learning opportunities.
A. Cognitive
returns
B. Relational
returns
C. Compensational returns
D. Subjective
returns
E. Qualitative returns
9. Which of the following best describes cost-of-living
adjustment?
A. One-time payments for meeting
previously established performance
objectives
B. Increment to base pay in recognition of past work behaviour
C. Percentage increment to base pay provided to all employees regardless of
performance
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-
living
10. An incentive payment:
A. is part of an
employee's base
wage.
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
performance.
E. is made to provide for items that are in short supply.
11. _____ includes cash compensation, benefits, and
relational returns.
A. Total
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