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SUPER REVIEW: HR Competencies - Bus Mngmnt Strategy & Global / People - Total Rewards Flashcards | StudBud
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SUPER REVIEW: HR Competencies - Bus Mngmnt Strategy & Global / People - Total Rewards
SUPER REVIEW: HR Competencies - Bus Mngmnt Strategy & Global / People - Total Rewards
60 terms
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Answers
1
What are the two main types of compensation?
A. Base pay and variable
D. Mandatory and voluntary
B. Static and variable
C. Monetary and nonmonetary
2
An employee promotion is classified as which type of compensation?
Performance-related
Bonus
Variable pay
Incentives
3
Employers may charge COBRA participants 75 percent of the group premium for continuation of coverage?
False
True
4
The decision to build or buy talent needed to achieve the organizational objectives is part of human capital pojecting.
False
True
5
Which budgeting method would be most appropriate if HR has to make recommendations without historical data?
B. Top down
C. Zero-based budgeting
A. Flat-percentage base
D. Bottom up
6
One of the major disadvantages of bureaucratic organizations is that human relations are largely ignored.
False
True
7
Securing the commitment of leaders occurs in which phase of strategic planning?
C. Strategy formulation
B. Environmental scan
D. Strategy evaluation
A. Preplanning
8
To which of the following business types does the FLSA NOT apply?
A. Railway Workers
C. Private employers doing business with the government
D. Both A and B
B. Airline captains
9
Compensatory time off is available to private employers.
True
False
10
Which of the following organizations concentrate decision-making authority at higher levels within the organization?
D. Authoritarian
B. Organized
C. Decentralized
A. Centralized
11
Which metric should be used to communicate to management the expenses associated with recruiting and selection?
C. Replacement cost
A. Cost per hire
D. Accession rate
B. Time to hire
12
Which of the following is compensable as waiting time under the FLSA?
An employee driving to another work site outside their normal commute
A receptionist reading a book while waiting for the phone to ring
An employee waiting to clock in for work
An employee on call who cannot be more than 15 min from home
13
Golden handcuffs are offered to existing key employees as a means of holding onto them and to increase retention.
True
False
14
ERISA requires that employers fund the accrued obligations of a retirement plan on which basis?
A. Annual
C. Quarterly
D. Monthly
B. Bi-annual
15
Which classification is best for an employee who does not exercise independent judgment and works occasional overtime?
C. Hourly, exempt
D. Salaried, non-exempt
A. Salaried, exempt
B. Hourly, non-exempt
16
Which of the following is not an example of a short-range goal?
D. Step-by-step instructions
B. Action plans
A. Tactical goals
C. SMART goals
17
An HRIS is the best tool for HR to manage resumes, training documents, and service awards
False
True
18
Which compensation strategy should a high-tech organization adopt if their business strategy is to hire top talent?
B. Lag the market
D. Depends on their location
A. Lead the market
C. Match the market
19
Using the sequence 1334555, which number is the mode?
B. 3.7
C. 5
D. 26
A. 1
20
Specific HR strategies must first and foremost be aligned with which of the following?
D. The companys strategic plan
C. Labor law compliance
B. Global integration
A. The needs of the people
21
Which of the following is an example of human capital management?
C. Productivity
B. Employee capabilities
A. Employee attitudes
D. All of the above
22
According to the FLSA, payroll records must be kept for?
A. One year
D. Seven years
C. Five years
B. Three years
23
What is the purpose of an environmental scan?
C. To apply resources toward the development of strengths
A. To collect data for use in formulating strategy
B. To correct internal weaknesses and external threats
D. To implement strategies based on legal and regulatory requirements
24
What motivation theory says behavior results from belief that favorable performance will result in desired reward?
A. Hygiene vs Motivator Theory
B. Vroom's Expectancy Theory
C. Adam's Equity Theory
D. Maslow's Hierarchy of Needs
25
A(n) ____ is to soft costs as ____ is to hard costs.
B. Subjective analysis, objective analysis
A. Quantitative analysis, qualitative analysis
D. Cost-benefit analysis, return on investment
C. Return on investment, cost-benefit analysis
26
Globalization affects an organization by driving down costs for jobs where there is a surplus of displaced workers.
True
False
27
Which of the following types of stock options has a time limit on when it may be fully transferred for payment?
D. All of the above
B. Phantom stock
A. Vested stock
C. Restricted stock
28
A values statement does not need to include standards of behavior.
True
False
29
Which of the following is the most critical pitfall that must be avoided when collecting workforce data?
C. The implementation and maintenance costs
A. The depersonalization of the human talent
D. The threat of employees manipulating the data being collected
B. The collection of data without insight
30
What is the primary risk of violating the FLSA for a restaurant that has a TIP pooling policy?
D. Employer unlawful deduction of service charges not considered tips
B. Employee violation of tax laws if they falsify their earnings records
A. Employer violation of the minimum wage standard
C. Employer unlawful deduction of credit card processing fees
31
Decisions that build on employee strengths to meet company goals belong in which HR role?
B. Administrative
Global
C. Strategic
A. Operational
32
Which of the following is a type of forecast completed during the strategic planning process?
D. All of the above
A. A competitor analysis
B. Scenario building
C. A SWOT analysis
33
An income statement is often used interchangeably with which of the following?
B. Statement of cash flows
D. None of the above
C. Balance sheet
A. Profit and loss statement
34
The implementation of a self-service feature for benefits enrollment for employees is an example of what?
Technology
A. Cost control
B. Scheduling
C. Efficiency
35
An employee complained that his pay rate data is out of date. This is an example of?
External market conditions
Procedural justice
Pay openness
Distributive Justice
36
Delivered costs, unit costs, and inventory turnover are all examples of what type of supply chain metric?
B. Key performance indicators
C. A balanced scorecard
A. Value stream mapping
D. Financial reporting
37
When an employee has health coverage under their spouse, the employee's primary insurance will engage in:
A. Coordination of benefits
B. Balance billing
D. Carve-outs
C. Gatekeeping
38
Shareholders, the board of directors, and management are all included in which of the following?
A. Principal members
C. Stakeholders
D. Employees
B Responsible parties
39
"Where are we now" and "How will we get there" are questions answered in what process?
B. Strategic Planning
C. Training needs assessment
D. Risk assessment
A. ADDIE
40
An employer's compensation philosophy should first and foremost support the organization's strategic direction.
True
False
41
A goal does what of the following?
B. Provides practical steps used to achieve business objectives
C. Describes business direction and what it takes to get there
D. Uses the strengths and oppportunities of the business to its advantage
A. Provides planning activities to accomplish organizational needs
42
Which of the following is an example of an accrued expense?
C. Payroll
B. Commissions owed but not paid yet
A. Supplies ordered
D. A bill from a vendor
43
Which labor law amendment requires employers to offer an employee a waiver of their rights to sue under the ADEA?
Pension Protection Act
Omnibus Reconciliation Act
Older Workers Benefit Protection Act
Unemployment Compensation Amendment
44
Salary history can potentially contribute to pay disparities between men and women.
False
True
45
HR's attempt to measure the value of the human talent of the organization is known as?
C. Budgeting
A. Strategic management
B. Resource allocation
D. Human capital projecting
46
With a min of $20,800 and a max of $63,200, what is the mid-point?
D. $30,100
A. $53,200
C. $42,000
B. $45,000
47
You conducted a benefits survey. The findings show high employee utilization but high cost. You recommend:
C. Increase cost sharing for premiums and deductions
A. Eliminate the most expensive benefit
B. Begin to research new brokers
D. Explaore all strategies to contain the cost
48
Which of the following BEST represents the primary purpose of employer pay practices?
C. Needs-based and legal
B. Lawful and generous
D. Competitve and equitable
A. Fair and balanced
49
Narrow spans of control and standarized rules and procedures are most often reflected in which type of structure?
B. Open systems
D. Bureaucratic
A. Authoritarian
C. Scientific
50
Which of the following is not one of Porter's five forces affecting strategic decision-making?
D. Buyers
C. Suppliers
A. New competitors
B. Labor force population
51
In a merger, HR may be required to provide documents relating to internal policies. This is known as what?
D. Due dilligence
C. Risk mitigation
A. Full disclosure
B. Risk assessment
52
Adopting a standard of living is the primary purpose of an international compensation strategy that is home-based.
False
True
53
Which of the following is an economic factor that affects employee total rewards?
C. Cost of living
B. Globalization
D. All of the above
A. Unemployment rate
54
HR's role in executive pay includes all of the following except:
A. Communicating the program to the individual
B. Acting as the point person to determine the expertise needed
C. Continually assessing the program
D. Designing the program
55
Joe's overtime calculation: $9.00/hr + $1.00 differential. 44 hrs worked + $88 attendance bonus. What do we owe Joe?
A. $658
D. $752
C. $423
B. $552
56
HR tactical goals and action plans are communicated through which of the following strategic tools?
C. Needs assessment
B. Human capital management plan
D. Objectives
A. Implementation plan
57
The federal hourly minimum wage is what?
$7.50/hour
$8.00/hour
$7.25/hour
$6.25/hour
58
Under the FLSA, highly compensated employees must earn at least $125,000.
False
True
59
Direct compensation is to wages as indirect compensation is to fringe benefits.
False
True
60
In which organizations would the HR expense to FTE ratio be the lowest?
A. Organizations with 1 to 25 employees
D. Organizations with more than 250 employees
C. Organizations with 1 to 250 employees
B. Organizations with 1 to 100 employees
