A+ Answers of the following Questions

1. Question : All but which one of the following assumptions are included within the model of perfect competition?
employers seek to maximize profits
workers have perfect information about wages and job opportunities
available workers differ with respect to both skill and performance
all jobs in the labor market are open to competition

2. Question : Approximately what percentage of workers are unionized?
8
10
12
14

3. Question : Which one of the following is not considered as part of a compensation program?
Benefits and services
Short- and long-term incentives
Job-related training
Wage and salary add-ons

1. Question : The most common type of sales compensation plan is
salary only
salary and commission
commission only
bonus plan

2. Question : In which one of the following job analysis methods would it be the easiest for employees with poor writing skills to provide job content data?
diary/log
checklist
open-ended questionnaire
interview

3. Question : The Age Discrimination in Employment Act of 1967, as amended, prohibits discrimination on account of age against employees in what complete age range?
40 - no top
40-70
50-65
50-70

1. Question : Job specification questionnaires provide information on
market value of job
knowledge and skills required of incumbent
tasks to be performed
personnel department's recommendations regarding job duties

2. Question : Establishing whether an employee is exempt from minimum wage and overtime requirements of the FLSA depends on
responsibilities, duties, and salary
salary and authority
seniority and performance
responsibilities, duties, and level of performance

3. Question : ERISA is associated with which of the following deferred income plans?
Social Security
severance payments
pension plans
unemployment insurance

1. Question : All but which one of the following conditions will influence jobs and job-related opportunities in the future?
rapid economic growth
vigorous competition
fewer advancement opportunities
restricted wage and salary increases

2. Question : Which of the following is a non compensation benefit rather than a compensation benefit?
paid holidays
unemployment insurance
office Christmas party
medical insurance

3. Question : An organization designs and implements a reward system to
provide a medium of exchange of the income of an organization to its employees for their monetary and in-kind claims on goods and services
promote the comradeship of workplace associates
focus worker attention on the specific behaviors the organization considers necessary to achieve its desired objectives and goals
require employees to perform assignments for which they are best suited

1. Question : Claims on goods and services made available and paid for either totally or in some percentage by the employer are
monetary rewards
in-kind rewards
non compensation rewards
non financial rewards

2. Question : A company car, a company credit card, and subsidized food services are all examples of which one of the following forms of payment?
deferred income
family income
income equivalent
incentive income

3. Question : The financial strength to own your own home normally begins with entry into the
working poor
lower-middle class
middle-middle class
upper-middle class