Accounting
Anthropology
Archaeology
Art History
Banking
Biology & Life Science
Business
Business Communication
Business Development
Business Ethics
Business Law
Chemistry
Communication
Computer Science
Counseling
Criminal Law
Curriculum & Instruction
Design
Earth Science
Economic
Education
Engineering
Finance
History & Theory
Humanities
Human Resource
International Business
Investments & Securities
Journalism
Law
Management
Marketing
Medicine
Medicine & Health Science
Nursing
Philosophy
Physic
Psychology
Real Estate
Science
Social Science
Sociology
Special Education
Speech
Visual Arts
Question
From the perspective of labor economics, a wage rate is a measure of
(a) total cost of labor per hour
(b) cost of base wage per hour
(c) cost of base wage and incentives per hour
(d) total cost of base wage and government required benefits
Answer
This answer is hidden. It contains 1 characters.
Related questions
Q:
A major reason for giving seniority based pay increases is to recognize(a) long life(b) performance(c) demonstrated abilities(d) loyalty
Q:
A compa ratio index moving toward 12 would seem to indicate all but one of the following:(a) a senior work force in the pay grade(b) possible inflation of employee performance when recognizing merit in in-step increases(c) pay rates not in line with market conditions(d) many entry-level employees in the pay grade
Q:
What is the compa ratio of an employee who has a salary of $4,300 a month with a range of $3,400 minimum to $5,000 maximum?(a) .79(b) .86(c) 1.02(d) 1.5
Q:
If an organization's current payroll cost is $100,000 and the cost increases 10% every year, what will the payroll cost be at the end of five years?(a) $140,000(b) $150,000(c) $161,000(d) $173,000
Q:
Supplemental Unemployment Benefits (SUBs) have all but which one of the following features?(a) employees can accumulate SUB credits(b) most plans set a level of payment of 60 to 65% of take-home pay(c) recipients are guaranteed a level of payments for at least five years(d) at GM, each employee receives one-half a GAI unit for each week worked to a maximum of 52 GAI units
Q:
Standard features included in most life insurance plans are all but which one of the following?(a) inclusion of all employees regardless of health or physical condition(b) the right of an employee to convert to an individual life insurance policy without a physical examination upon leaving the business(c) insuring the employee and his/her dependents for 30 days after separation(d) discontinuation of coverage for retired employees
Q:
The most commonly used costing methods for benefits include all of the following except(a) number of benefits distributed per year (per employee)(b) annual cost of benefits for all employees(c) percentage of payroll(d) cost per employee per year
Q:
Trusts include all but which one of the following?(a) trustee(b) grantor(c) government overseer(d) beneficiary
Q:
Supplemental Executive Retirement Plans (SERPs) are used for all but which one of the following?(a) overcome ERISA-imposed limits on qualified pension plans(b) guarantee employees that future retirement payments will be made(c) promote executive fulfillment of contractual obligations(d) retain control of assets by employers
Q:
Nonqualified stock plans include all but which one of the following?(a) Incentive Stock Options(b) variable price stock options,(c) restricted stock options(d) tax-offset stock option plan
Q:
An ESOP is a(a) defined contribution plan(b) nonqualified stock bonus plan(c) qualified profit-sharing plan(d) defined benefit plan
Q:
A major difference between a savings and thrift plan and a 401(k) plan is(a) employers can match employee contributions (within a prescribed limit)(b) a savings and thrift plan is a defined contribution plan(c) employee contributions (within a limit) are tax deferred(d) profit sharing can be tied to a 401(k) plan
Q:
Which one of the following is not part of a long-term incentive plan according to Peter Chingos?(a) gainsharing plans(b) qualified deferred(c) capital accumulation(d) other deferred and supplemental arrangements
Q:
Payments to a defined contribution plan will be limited to ______ of the benefits in a defined benefits plan when the limits to a defined benefit plan reach $120,000.(a) 1/4(b) 1/3(c) 1/2(d) 2/3
Q:
Integrating primary Social Security payments with the corporate pension plan will normally provide the least benefits to employees in which job?(a) president(b) engineer(c) middle manager(d) janitor
Q:
A standard is _______ when management contends that workers' earnings are excessive, taking into account the extra effort involved in producing the output.(a) tight(b) rich(c) loose(d) inaccurate
Q:
Which of the following statements is least descriptive of why many suggestion plans have failed?(a) employee apathy(b) failure to recognize contributions(c) management lacks interest(d) union members block suggestions through committee action
Q:
In giving a reward, which one of the following times, in general, would have the lowest motivational impact on an employee?(a) before Christmas(b) closely following the demonstration of a desired behavior or result(c) prior to vacation(d) on the employee's birthday
Q:
In the late 19th and early 20th century, work-improvement researchers recognized the advantages to be gained through the three Ss of work design. Which one of the following is not one of the three Ss?(a) standardization(b) specialization(c) simplification(d) selection
Q:
Using two completely comparable or equivalent test instruments for determining reliability is the(a) test-retest method(b) subdivided method(c) parallel test method(d) split-half method
Q:
Some experts state that pay for performance programs have had little effect because all but which one of the following reasons?(a) employees have little trust in them(b) plans do too good a job of measuring actual performance(c) poor relationships between levels of performance and rewards received(d) performance ratings are frequently biased
Q:
In designing a reward program, one attempts to(a) design specific rewards for specific positions(b) provide extrinsic rewards as opposed to intrinsic rewards(c) design a reward program to satisfy a significant number of human demands made by almost all people(d) provide rewards for stimulating the highest levels of performance
Q:
A pay grade has a minimum of $1000 and a maximum of $1600. The spread of the range is(a) 40%(b) 50%(c) 60%(d) 80%
Q:
Advantages to having a small number of pay grades within a pay structure include all of the following issues except(a) it normally results in less overlap between grades(b) it requires assignment of more jobs to each pay grade(c) it allows for rates of pay to relate more closely to differences in job worth(d) it permits greater spread, allowing increased recognition of growth of job knowledge through seniority and merit in-grade pay increases
Q:
The optimal number of pay grades to be included within a pay structure is(a) 10(b) 25 to 30(c) 18(d) there is no right number
Q:
Grades(a) are convenient groupings of a wide variety of jobs that are similar in work difficulty and require comparable responsibility(b) are necessary for designing pay structures(c) ensure equality and equity of pay(d) are used only for exempt jobs
Q:
Relatively new or different jobs in which demand far exceeds the supply of qualified applicants are known as(a) key jobs(b) exotic jobs(c) high-tech jobs(d) benchmark jobs
Q:
Which one of the following is not a survey conducted by the Bureau of Labor Statistics?(a) area wage survey(b) industry wage survey(c) municipal government wage survey(d) professional and scientific survey
Q:
Compensation surveys that are ready-made and are used by more than one organization are known as(a) canned surveys(b) locked-step surveys(c) multiple surveys(d) specialized surveys
Q:
What is the raw or unweighted average?1Olympia14$27,400$383,6002Alpha 328,40085,2003Omega529,800149,0004Delta826,800214,400 30$112,400$832,200(a) $26,430(b) $27,500(a) $28,000(b) $28,100