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An employee complained that his pay rate data is out of date.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