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Chapter 11
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1Which of the following is best described as the lowest amount that employers may pay under federal or state law and is stated as a particular amount per hour?
A)Maximum rate
B)Pay level
C)Minimum wage
D)Pay grade


2Gary earns $12 per hour at his current jo He usually works 40 hours per week, but occasionally works 50 hours per week. He is paid $18 per hour for the 10 hours above his regularly scheduled 40. These earnings are known as ______ pay.
A)overtime
B)salary
C)bonus
D)differential


3The restrictions on the use of child labor, imposed by the Fair Labor Standards Act, apply to children younger than _____ years of age.
A)25
B)12
C)21
D)18


4The economy and its influences can strongly impact an organization's decisions about pay as well as its pay structure.
A)True
B)False


5An organization's labor market includes all the organizations that offer competing goods and services.
A)True
B)False


6Which of the following is best defined as a pay rate that falls above the pay range for the job?
A)Pay differential rate
B)Green-circle rate
C)Red-circle rate
D)Compa-Ratio rate


7When organizations adjust pay to reflect differences in working conditions or labor markets, these differences are called pay differentials.
A)True
B)False


8_______ based pay systems are pay structures that set pay according to the employees' level of knowledge and what they are capable of doing.
A)Exempt employee
B)Delayered
C)Knowledge
D)Skill


9Which of the following is best described as reducing the number of levels in the organization's job structure?
A)Delayering
B)Broad banding
C)Compensable factors
D)Hay Guide Profile


10Which of the following is best described as functions that have relatively stable content and are common among many organizations?
A)Labor markets
B)Benchmarking
C)Key jobs
D)Product markets


11A significant form of executive compensation comes in the form of company stock.
A)True
B)False





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