Mgmt 33 exam 3 part 1

Which of the following is true of internal alignment?

• It is the first issue in a strategic approach to pay.

• It is often referred to as distributive justice

• It focuses on customer satisfaction and business growth

• It addresses pay relationships inside an organization.

A structure based on value typically ranks jobs on

• problem-solving abilities.

• the skills required to complete tasks

• the relative contribution of skills.

• the complexity of the tasks involved

The most common bases for determining internal structures are

• work content and its value

• seniority and experience

• use value and exchange value

• pay surveys and job evaluation

_________ refers to the education, experience, knowledge, abilities, and skills required to perform work.

• Surplus value

• Internal alignment

• Marginal Productivity

• Human Capital

_________ refers to the process by which a decision is reached: the right to an attorney, the right to an impartial judge, and the right to receive a copy of the arresting officer's statement.

• Distributive Justice

• Outsourcing

• Procedural Justice

• Delayering

Pay for temporary workers is based upon

• the internal structure of their home employer

• the internal structure of the temporary workplace

• the strict requirements set by an international workers' union.

• education only

Which of the following is NOT a factor in defining equal work according to the Equal Pay Act?

• Equal Skill

• Equal Effort

• Equal Experience

• Equal responsibility

The well-defined jobs at McDonald's and their small differences in pay are an example of a(n) _________ internal pay structure.

• closely tailored

• loosely coupled

• very competitive

• egalitarian

Egalitarian pay structures have all but which of the following characteristics?

• Few levels

• Small differentials

• Loose fit

• Individual performers

Which of the following theories predicts that individual performance will be maximized when the pay differentials between job levels are large?

• Tournament Theory

• Equity Theory

• Marginal Productivity Theory

• Reinforcement Theory