As a pediatric nurse cary experiences a significant amount of job satisfaction which is considered

Human Resource Management, 13e (Mondy)

Chapter 9 Direct Financial Compensation

9.1 Multiple-Choice Questions

1) Current trends in executive pay involve linking compensation with ________.

A) multi-year contract packages

B) deferred stock options

C) performance results

D) seniority systems

Answer: C

Explanation: C) The business and regulatory environment has changed and many organizations

are rethinking executive compensation practices, including pay, bonuses, and severance pay.

Performance assessment and accountability are the leading trends, and many executive salaries

are now linked to performance results.

Diff: 2

Chapter: 9

Skill: Concept

LO: 1

2) Which term refers to the total of all rewards provided to employees in return for their

services?

A) benefits

B) commissions

C) bonuses

D) compensation

Answer: D

Explanation: D) Compensation is the total of all rewards provided to employees in return for

their services. Direct financial compensation consists of the pay that a person receives in the

form of wages, salaries, commissions, and bonuses.

Diff: 1

Chapter: 9

Skill: Concept

LO: 1

1

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ExamName___________________________________MULTIPLE CHOICE.Choose the one alternative that best completes the statement or answers the question.1)Which term refers to the total of all rewards provided to employees in return for their services?1)A)compensationB)bonusesC)commissionsD)benefits

2)Which of the following is an example of indirect financial compensation (employee benefits)?2)

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3)As a pediatric nurse, Cary experiences a significant amount of job satisfaction, which is considered________.3)

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4)What form of compensation consists of the satisfaction that a person receives from the job itself orfrom the psychological and/or physical environment in which the person works?4)

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5)On average, companies spent $31.57 per hour worked per employee in December 2013. Of thistotal, how much did they spend on wages and benefits, respectively?5)A)$28.63 and $9.80, respectively per employee per hour workedB)$120.93 and $99.21, respectively, per employee per day workedC)$21.77 and $9.80, respectively per employee per hour workedD)$7.25 and $4.56, respectively, per employee per hour worked

6)Wages, salaries, bonuses, and commissions are referred to as________.6)

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7)Which term refers to the face value of pay?7)

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8)If a person is to maintain a previous level of nominal wages, then a pay increase must be roughlyequivalent to the________.8)

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9)How can the General Schedule best be described?9)A)person-focused payB)performance-based payC)state government pay systemD)seniority-based pay

10)An escalator clause in a labor agreement that automatically increases wages as the U.S. Bureau ofLabor Statistics' Consumer Price Index rises is known as a ________.10)

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