CH. 11 Human Resources Review

Which of the following refers to how much a job pays and the benefits offered?

• minimum wage

• compensation

• promotion

• wage

What is the main goal of performance appraisals?

• To justify employee termination

• To identify areas for improvement and development

• To create a competitive environment among employees

• To reduce the company's payroll expenses

Which of the following is an example of indirect compensation?

• Monthly salary

• Health insurance

• Overtime pay

• Bonuses

What role does technology play in modern HR management?

• It has no significant impact

• It is only used for payroll management

• It facilitates processes like recruitment, training, and performance management

• It is primarily used for monitoring employee emails

What is a fringe benefit?

• Non-financial

• Benefits related to the job description

• Benefits on top of a salary or wage

• It costs a lot of money and is not common

What is the definition of salary?

• Payment for work, usually paid monthly

• Payment for work, usually in bitcoin

• Payment for work, usually in cows and chickens

• Payment for work, usually with rocks

What is the term for non-financial rewards given the employees?

• job satisfaction

• fringe benefits

• favors

• perks

What is the primary purpose of offering employee benefits?

• To comply with federal and state laws

• To attract and retain talented employees

• To increase the company's profit margin

• To simplify payroll management

What is a 401(k) plan?

• A type of health insurance

• A performance bonus plan

• A retirement savings plan

• A stock option plan

What is a performance bonus?

• A fixed amount of money given to all employees at the end of the year

• An additional compensation given to employees based on their job performance

• A mandatory benefit required by law

• A type of health insurance benefit