Chapter 11 Quiz

Which one of the following terms refers to all forms of pay or rewards going to employees and arising from their employment?

• salary

• employee benefits

• wage

• employee compensation

Which one of the following is NOT a type of direct financial payment?

• wages

• insurance

• incentives

• commissions

John is a sales representative in a jewelry store. He typically works 40 hours per week and his pay is completely based on his sales. He earns a 5% commission for every sale he makes. Which one of the following terms best describes John's situation?

• pay for performance

• indirect financial compensation

• time-based compensation

• piecework pay

What theory of motivation states that people are strongly motivated to maintain a balance between what they perceive as their contributions and their rewards?

• Two-factor theory

• Equity theory

• Learned needs theory

• Expectancy theory

Which form of equity refers to how a job's pay rate in one company compares to the job's pay rate in other companies?

• distributive

• internal

• external

• procedural

Which form of equity refers to the fairness of a job's pay rate in comparison to other jobs within the same company?

• external

• internal

• distributive

• individual

Which form of equity refers to the perceived fairness of the processes used to make decisions regarding the allocation of pay?

• internal

• distributive

• individual

• procedural

Which one of the following terms refers to a systematic comparison done in order to determine the worth of one job relative to another?

• job analysis

• job evaluation

• job description

• job classification

Which job evaluation method is a quantitative technique involving the identification of several compensable factors and the degree to which each of these factors is present in the job?

• ranking method

• point method

• job grading method

• job classification method

Central basic factors that establish how several jobs compare to one another and that determine the pay for each job are called ________.

• analysis factors

• ranking factors

• job evaluation factors

• compensable factors