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WorksheetsCompensation Chapter 1 Quiz
Total questions: 10
Worksheet time: 5mins
Compensation refers to all forms of non-financial returns & intangible benefits employees receive as part of employment.
True
False
Pay for executives should be tied to:
the company's financial performance
the company's reputation
the financial needs of the employee
the cost of living index
Which of the following is NOT part of an employee's total compensation?
paid vacation
base pay
health insurance
relational returns
Total compensation includes psychological aspects of work such as recognition and status, and learning opportunities.
True
False
_____ includes cash compensation, benefits, and relational returns.
Total compensation
Total base pay
Total incentives
Total rewards
A merit increase is best described as:
an increment to base pay that recognizes past work behaviour
psychological returns employees believe they receive in the workplace
a one-time reward for past performance that does not increase base pay
compensation given to provide for items that are in short supply
Cost-of-living adjustment refers to percentage increment to base pay provided to employees based on their performance
True
False
Which of the following is a work/life program?
stock options
health insurance
telecommuting
cost-of-living adjustment
Internal alignment may be achieved by:
creation of cross-functional departments
comparing pay between jobs or skill levels inside a single organization
compensating employees at above-market rates
matching competitors' wage rates
Making contributions to Workers' Compensation is at discretion of the employer
True
False
