What is the compa-ratio for an employee who earns $15 per hour where the salary range has a midpoint of $12 per hour?
P | M04 CB Pre-exam

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Others
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Professional Development
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Hard

Ahmed Abd Al-Wareth
Used 9+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
0.03
0.80
1.25
1.35
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Beth, a small business owner, wants to ensure external equity when establishing pay rates. Beth should most likely ___________ .
use wage curves to price each pay grade
compare performance appraisals
conduct a salary survey
check online pay sites
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What are the two main categories of financial rewards?
Compensation and work/life balance
Employee benefits and career development
Direct (monetary) and indirect (benefits)
Training and employee benefits
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which of the following is a long-term pay policy that can protect jobs and control labor costs by linking compensation to production?
Internships
Overtime pay
Profit sharing
Early retirement
5.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Above-market compensation policies are more likely to:
create an impression of innovation and success.
improve employee morale and reduce employee turnover.
affect employee cooperation more than any other business policy.
reduce barriers between people who need to work closely together.
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Keith works as a construction foreman, and he is viewed as a reliable, competent employee. Keith was recently injured in a car accident while on vacation, and his injuries are so severe that he will not be able to return to work. Which of the following would most likely provide Keith with benefits?
group life insurance
unemployment insurance
workers' compensation insurance
supplemental benefits
7.
FILL IN THE BLANK QUESTION
1 min • 5 pts
The indirect financial and nonfinancial payments employees receive for continuing their employment with a company are called _________.
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