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Quiz 2 Sample Questions

The document contains a set of sample quiz questions related to pay levels, productivity, relevant markets, statistical measures, pay ranges, pay grades, and employee benefits. Each question presents multiple-choice answers that test knowledge on compensation strategies and human resource management. The questions cover various scenarios and concepts relevant to organizational pay structures and employee retention strategies.

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Luckevilo
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6 views

Quiz 2 Sample Questions

The document contains a set of sample quiz questions related to pay levels, productivity, relevant markets, statistical measures, pay ranges, pay grades, and employee benefits. Each question presents multiple-choice answers that test knowledge on compensation strategies and human resource management. The questions cover various scenarios and concepts relevant to organizational pay structures and employee retention strategies.

Uploaded by

Luckevilo
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Quiz #2 – Sample Questions

1. Which of the following statements is true of pay level?

a. Pay level is the same across all organizations for


2.
the same job.
b. The higher the pay level relative to what
3. competitors pay, the lower the relative costs to
provide similar products or services.
c. Pay level is directly proportional to labor
4.
costs.
d. Pay level is independent of the number of
5.
employees in an organization.
6.
2. _________blank is the additional output associated with the employment
of one additional human resource unit, with other production factors held
constant.
o a. Productivity

1. b. The marginal product of labor


2. c. Incremental productivity
d. The marginal revenue of labor
3.

3. When specifying relevant markets, include employers who compete in


one or more of the following areas, EXCEPT:
a. the same products and services.
b. employees within the same geographic area.
c. total revenues.
d. the same occupation or skills.

4. Which of the following is true of weighted mean as a statistical measure


to analyze survey data?
a. It is frequently used to set pay ranges or zones.
b. It captures the size of supply and demand in a
market.
c. It tells how similar or dissimilar market rates are from
each other.
d. It minimizes distortion caused by outliers.
5. Which of the following statements is true of pay ranges?

a. They are flexible enough to deal with differences in


a. quality but not with the productivity or value of these
quality variations.
b. b. They usually lead to an increase in employee turnover.
c. They reflect the differences in performance or
c. experience that an employer wishes to recognize
with pay.
d. They cause employees to believe that their compensation
d.
cannot increase in the same job.

6. Which of the following statements about pay grades is true?

a. All jobs within a single grade will have the


a.
same pay range.
b. b. Pay grades decrease flexibility.
c. c. An advantage of pay grades is their ease of design.
d. Jobs in different grades should be similar to those in
d.
other grades.

7. Droppiece, Incorporated is a company that provides more


performance-based pay and less base pay than its competitors. Who
among the following is most likely to join Droppiece?

a. George, a recently married man who wants a stable


a.
income
b. Stella, a recent college graduate who loves to
b.
take on a challenge
c. Mark, a musician who wants to supplement his
c.
income
d. Sara, a senior citizen who wants a job only to keep
d.
herself busy

8. Maxwell Construction Corporation employs a lot of uneducated


laborers. The company wants to introduce a variable pay plan that is
easy to understand and does not cost much to administer. Which of the
following variable pay plans is Maxwell most likely to introduce?

a. a. A balanced scorecard plan


b. b. A gain-sharing plan
c. c. A stock ownership plan
d. d. A cash profit-sharing plan

9. DrenchFort Corporation is a small company that pays high


wages. As its wages are high, it does not provide any benefits.
Recently, it has noticed that its employee turnover has increased, so it
decides to provide benefits to retain employees. Which of the following
benefits is most likely to reduce turnover?

a. a. Counseling services
b. b. An early retirement plan
c. c. Medical coverage
d. d. A profit-sharing plan

10. In an attempt to reduce the employee benefits cost to the


company, GrindStop Corp. restricts the number of visits to the dentists
covered in the dental plan to two per year for each employee. Which of
the following cost-containment strategies is being used by GrindStop?

a. a. Copay
b. b. Benefit limitations
c. c. Administrative cost containment
d. d. Wellness programs

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