Chapter 7   Compensating Employees

 

Complete Chapter Questions With Answers

 

Sample Questions Are Posted Below

 

1) ________ refers to all forms of pay or rewards going to employees and arising from their employment.

1. A) Reimbursement
2. B) Employee compensation
3. C) Salary
4. D) Benefits

Answer:  B

Diff: 1             Page Ref: 188

Objective:  Chapter objective 1

 

2) Direct financial payments include all of the following except:

1. A) wages.
2. B) insurance.
3. C) salaries.
4. D) incentives.

Answer:  B

Diff: 1             Page Ref: 188

Objective:  Chapter objective 1

 

3) Which of the following is categorized as an indirect payment portion of employee compensation?

1. A) wages
2. B) salaries
3. C) employer-paid insurance
4. D) bonuses

Answer:  C

Diff: 2             Page Ref: 188

Objective:  Chapter objective 1

 

4) Which of the following factors affects the design of any pay plan?

1. A) legal
2. B) union
3. C) equity
4. D) All of the above.

Answer:  D

Diff: 1             Page Ref: 188

Objective:  Chapter objective 2

 

 

5) Which compensation-related law contains minimum wage, maximum hours, overtime pay, equal pay, and child labor provisions?

1. A) Davis-Bacon Act
2. B) Fair Wages Act
3. C) Civil Rights Act
4. D) Fair Labor Standards Act

Answer:  D

Diff: 3             Page Ref: 188

Objective:  Chapter objective 1