1- ___________bridge the gap between organizational objectives and individual expectations and aspirations.Employment practicesRewardsFinancial systemsCorporate compensation systems2- Gain sharing plans consist of all EXCEPT which of the following elements:An involvement systemAn internal equityA financial bonusA philosophy of cooperation3 -TheSarbanesOxley Act of 2002 requires thatcompanies can seek repayment for incentives paid that were later found to be materially inaccuratethe minimum wage change each year* executives cannot retain bonuses or profits from selling company stock if they mislead the public about the financial health of the companythe Securities and Exchange Commission meet annually to discuss bonuses4- __________ is not legally required, and, because of unemployment compensation, many firms do not offer it.Severance payRetirement payShort-term disabilityCost shifting5 – Evidence indicates that the perceived value of benefits rises when employers introducechoice through a flexible benefits packagemore jobsflexible supervisorshigher salaries6 – ________________ provides a supplemental, one-time payment when death is accidental, and it provides a range of benefits when employees become disabledthat is, when they cannot perform the main functions of their occupations.*A preferred provider payment*Disability coverage*Medical underwriting*A point-of-service plan7-The gatekeeper in a managed care health insurance plan is the-the employee-the HR representative-primary care physician-insurance cost monitor8 -In labor economics, __________________ theory holds that unless an employee can produce a value equal to the value received in wages, it will not be worthwhile to hire that worker.

-The marginal productivity- The concern with pay for position- The percent of company offerings- The willingness to reduce the size of the workforce9 -One downside of team incentives is that-It does not provide retirement income to employees- Most employees do not feel that their jobs have a direct impact on profits- Managers do not feel that incentives motivate employees equally- It does nothing to educate employees about the factors of business success and capitalism10 -______________cover 128 million workers in the United States.Defined-contribution programsPoint-of-service programsDefined-benefit programsWorkers compensation programs11 -Which of the following is NOT another name for gain sharing?ImproshareThe Rucker planControl-based compensationThe Scanlon plan12 -One strategic issue that should influence the design of benefits is an organizationsValue to employeesStage of developmentShareholders formPlan to pay panel13 -Open pay systems tend to work best whenJob performance can be measured objectivelyThere is a union to negotiate pay increasesBusiness strategy matches the organizational development stageEffort and performance are related closely over a long time span14 -What is driving the increasing costs of healthcare?Rising cost of childcareAging population and an increase in obesityPassage of the health care exchangesIncreasing numbers of legal immigrants15 -Which of the following laws established the first national minimum wage?Fair Labor Standards Act (1938)McNamaraO’Hara Service Contract Act (1965)DavisBacon Act (1931)WalshHealey Act (1936)16 -In the United States, salary discussions among employees are protected underThe Fair Labor Standards Act (1938)The Equal Pay Act (1963)The National Labor Relations Act (1935)Salary.com17 -Reviews of both laboratory and field tests of _____________ are quite consistent. Individuals tend to follow a norm of fairness and to use it as a basis for distributing rewards.Organizational needsThe external labor marketThe internal labor marketEquity theory18 -At a comprehensive point of view, a(n) _____ includes anything an employee values and desires that an employer is able and willing to offer in exchange for employee contributions.Organizational reward systemEmployee stock ownership planCompetency-based pay systemMerit-pay method19 -The type of private pension plan in which an employer promises to pay a retiree a stated pension is aDefined-benefit planDefined-contribution planDefined-performance planDefined-retirement plan20 -Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans that have 1-year service?HIPAA (1996)ADA (1990)ERISA (1974)COBRA (1985)21 -Narrowing pay ratios between jobs or pay grades in a firms pay structure isPay securityPay secrecyPay compressionPay inequality1- ___________bridge the gap between organizational objectives and individual expectations and aspirations.Employment practices2- Gain sharing plans consist of all EXCEPT which of the following elements:An involvement systemAn internal equityA financial bonusA philosophy of cooperation3 -TheSarbanesOxley Act of 2002 requires thatcompanies can seek repayment for incentives paid that were later found to be materially inaccuratethe minimum wage change each year* executives cannot retain bonuses or profits from selling company stock if they mislead the public about the financial health of the companythe Securities and Exchange Commission meet annually to discuss bonuses4- __________ is not legally required, and, because of unemployment compensation, many firms do not offer it.Severance payRetirement payShort-term disabilityCost shifting5 – Evidence indicates that the perceived value of benefits rises when employers introducechoice through a flexible benefits packagemore jobsflexible supervisorshigher salaries6 – ________________ provides a supplemental, one-time payment when death is accidental, and it provides a range of benefits when employees become disabledthat is, when they cannot perform the main functions of their occupations.*A preferred provider payment*Disability coverage*Medical underwriting*A point-of-service plan7-The gatekeeper in a managed care health insurance plan is the-the employee-the HR representative-primary care physician-insurance cost monitor8 -In labor economics, __________________ theory holds that unless an employee can produce a value equal to the value received in wages, it will not be worthwhile to hire that worker.-The marginal productivity- The concern with pay for position- The percent of company offerings- The willingness to reduce the size of the workforce9 -One downside of team incentives is that-It does not provide retirement income to employees- Most employees do not feel that their jobs have a direct impact on profits- Managers do not feel that incentives motivate employees equally- It does nothing to educate employees about the factors of business success and capitalism10 -______________cover 128 million workers in the United States.12 -One strategic issue that should influence the design of benefits is an organizations