MGT501 MCQs Solved
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121. Which of the following administrative positions would be considered an "exempt" position under the FLSA?
a. entry-level bookkeeper
b. word processor
c. office manager
d. clerk
122. A variable pay plan in which a corporation annually contributes shares of stock which are then distributed to employees when they retire or leave the company is known as a(n):
a. profit-sharing plan.
b. employee stock ownership plan.
c. individual stock option plan.
d. flexible benefit plan.
123. All of the following are essential to the implementation of an effective incentive plan EXCEPT:
a. units of work output must be easily measured.
b. employees must be able to exert control over the work output.
c. employees must determine the amount of the incentive per unit of work output.
d. employees must perceive a clear relationship between effort and reward.
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124. A disadvantage of incentive plans such as profit-sharing, gain-sharing, and Scanlon plans is that:
a. the link between individual effort and organizational reward is not always clear.
b. such plans tend to minimize employee commitment to the organization.
c. the plans only benefit executive management.
d. most employees are not eligible to participate until they are ready to retire.
125. A major compensation consideration for expatriate workers that is NOT generally a consideration for U.S. based employees is:
a. wage compression.
b. geographical pay differentials based on cost of living.
c. decreased compensation costs for international employees.
d. the use of incentive plans.
126. A "paid time off" policy that gives each employee a total figure for annual time off including vacation, sick leave, and personal days to be used at the employee's discretion will likely result in:
a. sharply increased compensation costs.
b. increased need for temporary and part-time employees.
c. increased costs to administer the policy.
d. decreased unscheduled absences.
127. A benefit intended to augment unemployment insurance so that the employee may maintain his or her standard of living is called:
a. a Scanlon plan.
b. supplemental unemployment benefits.
c. workers' compensation.
d. a cost of living allowance.
128. The provisions of the Family and Medical Leave Act (FMLA) stipulate that:
a. workers in organizations of 250 or more employees are eligible for the leave.
b. employees may take up to four weeks leave in a 12-month period.
c. the leave may be for employee illness, or the illness of an employee's spouse or child, but not an employee's parent.
d. the leave need not be paid by the employer.
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129. Methods of reducing workers' compensation costs would include all of the following EXCEPT:
a. eliminating accident-causing conditions in the workplace.
b. getting employees back on the job as quickly as possible after an injury or illness.
c. disciplining employees who file claims for workers' compensation.
d. conducting employee safety programs.
130. With regard to employee health care benefits for workers over age 65:
a. employers do not have to provide benefits to workers over age 65 because such workers are eligible for Medicare.
b. employers must provide the same health care benefits to workers over 65 as they provides to younger workers.
c. workers over age 65 are not eligible for employer health care benefits.
d. employers may include workers over age 65 in the company's health plan, but the older workers must pay the entire cost of the benefit.
131. Employees who leave an organization are generally eligible to continue their employee health care, at their own expense, for a period of up to 18 months under the provisions of:
a. COBRA.
b. ERISA.
c. FMLA.
d. FLSA.
132. As the workforce ages, more employees will likely need of which of the following benefits?
a. child care services
b. long-term care benefits
c. mental health benefits
d. employer-sponsored cafeterias
133. Employers generally favor defined contribution pension plans over defined benefit pension plans because:
a. they are easier to administer.
b. they offer retirees a guaranteed fixed sum at retirement.
c. the employees' retirement income benefits are predetermined by the employer.
d. defined benefit plans include costs for health insurance benefits.
134. An employee benefit that provides employees with counseling and/or treatment for problems such as stress or alcoholism is:
a. an employee wellness program.
b. an employee assistance program.
c. a Scanlon plan.
d. a defined benefit program.
135. Non-cash incentives provided to a company's executives are known as:
a. perquisites or "perks."
b. insider trades.
c. boardroom bonuses.
d. "platinum purses."
136. Benefits plans that allow employees to choose from a variety of benefit options are known collectively as:
a. employee assistance plans or EAPs.
b. flexible benefits plans or cafeteria plans.
c. unrestricted benefits plans.
d. health care spending accounts.
137. Groups of health care providers that contract with employers and insurance companies to deliver health care services are termed:
a. preferred provider organizations.
b. health maintenance organizations.
c. insurers of last resort.
d. fee-for-service providers.
138. The most commonly used approach to formulating an expatriate worker's pay is to equalize the employee's purchasing power across countries. This practice is known as:
a. a cost-benefit analysis.
b. a balance sheet approach.
c. an international profit and loss statement.
d. pay for performance.
139. Major considerations in the evaluation of expatriate workers' compensation plans generally includes all of the following EXCEPT :
a. evaluating the influence of the costs of living in other countries.
b. evaluating the financial incentives needed to attract and keep expatriate workers.
c. evaluating the need for repatriation procedures.
d. evaluating non-cash compensation items.
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140. In considering compensation policies for expatriate workers, HR professionals should note that:
a. expatriates are generally willing to take a significant pay cut in exchange for the opportunity to live in another country.
b. expatriate employees are generally paid on a weekly basis.
c. living costs can vary widely from one county to another.
d. cost-of-living pay increases are rarely offered to expatriate workers.