HRMN 395 Week 2 Quiz

HRMN 395 Week 2 Quiz | Assignment Help | University Of Maryland University College 

Self Assessment

Self-Assessment: Module 2: Core Elements of Monetary Rewards

Directions: The following questions are designed to provide you with a self-assessment of the knowledge you have gained in this module. Assess your knowledge by selecting the best answer to each question. Your professor may reference this assessment in the weekly conference and ask you to provide information about it.

Question 1

Of the following, which is not one of the key elements of monetary rewards (including hourly, salaried, and executive-level compensation)?

Question 1 options:

a) base pay

b) variable pay

c) medical insurance

d) deferred compensation

Question 2

What determines if an employee is paid as an hourly, salaried, or executive-level employee? Select the correct answer from the following choices.

Question 2 options:

a) length of service

b) the work they do assessed by the regulations of the Fair Labor Standards Act

c) willingness to work overtime

d) age of employee

Question 3

The key elements of job analysis include the content, context, and human requirements of the job.

Question 3 options:

a) True

b) False

Question 4

Of the following definitions, which one best provides the key elements of a job specification?

Question 4 options:

a) the specific outcomes of the job

b) the specific expectations for the position

c) the knowledge, skills, and abilities that an individual needs to perform a job satisfactorily

d) a formal identification of the worth of the job

Question 5

How is a job specification used in determining appropriate hourly, salaried, or executive pay? Select the best answer from the following:

Question 5 options:

a) the job specification is used to advertise for employment

b) the job specification is used to determine the physical requirements of the job

c) the job specification is used to determine the reporting relationship for the incumbent

d) the basic KSAs derived from the job specification are used in the internal and external comparison of pay rates

Question 6

Why is it important to conduct a competitive and labor market evaluation? Select the best answer from the ones that follow:

Question 6 options:

a) it is required by the Fair Labor Standards Act

b) organizations want to overpay for work performed

c) organizations do not want to overpay for work performed

d) organizations need the data to make decisions about their internal and external compensation philosophy

Question 7

What is market positioning in regards to a total rewards package? Select the most correct answer from the following:

Question 7 options:

a) the monetary rewards an organization provides for a specific set of KSAs in relation to what other organizations pay for the same or similar set of KSAs

b) the external worth of the total rewards package

c) the position of pay in relation to the other elements of the total rewards package

d) the position of the economic cycle of the organization

Question 8

Select the one answer from the following four that is not a core element typically appraised in a performance management system:

Question 8 options:

a) competencies including values of the organization

b) responsibilities of the position

c) objectives for the time period

d) effort exerted

Question 9

Of the following, select the one answer that is not a basic method for assessing and rewarding performance.

Question 9 options:

a) ranking

b) rating

c) management by objectives

d) validation by consensus

Question 10

There are many issues of compliance with governmental laws and regulations affecting monetary rewards. Select the answer from the following that is not one of the key issues:

Question 10 options:

a) employers must keep accurate time records for three years

b) minimum wages must be paid

c) exempt and nonexempt status of positions must be established

d) the marginal job functions of jobs must be determined for ADA purposes

e) all of the above answers are key issues

f) none of the above answers are key issues

Question 11

What is one of the major regulations on compensation? Select from the following choices:

Question 11 options:

a) Davis-Beacon Act of 1931

b) Fair Labor Standards Act

c) Americans with Disabilities Act

d) Equal Pay Act of 1963

e) all of the above are major regulatory influences on compensation

f) none of the above are major regulatory influences on compensation