Compensation Quiz

Which of the following terms refers to all forms of pay or rewards going to employees and arising from their employment?

• salary

• employee benefits

• wage reimbursement

• employee compensation

Which of the following is NOT a type of direct financial payment?

• wages

• insurance

• incentives

• commissions

Which of the following terms refers to pay in the form of financial benefits, such as insurance?

• direct financial payments

• out-of-pocket expenses

• indirect financial payments

• sales commissions

Which of the following terms refers to a compensation plan that advances a firm's strategic goals?

• strategic management

• performance pay plan

• aligned reward strategy

• workers' compensation package

Which of the following is NOT one of the forms of equity related to compensation issues?

• group

• external

• individual

• procedural

6. Which form of equity refers to how a job's pay rate in one company compares to the job's pay rate in other companies?

• a) distributive

• b) internal

• c) external

• d) procedural

7. Which form of equity refers to the fairness of a job's pay rate in comparison to other jobs within the same company?

• a) external

• b) internal

• c) distributive

• d) individual

8. Which form of equity refers to the perceived fairness of the processes used to make decisions on the allocation of pay?

• a) internal

• b) distributive

• c) individual

• d) procedural

9. Which of the following is used to maintain internal equity?

• a) job analysis comparisons

• b) organizational charts

• c) incentive pay

• d) salary surveys

10. What type of equity is a manager likely trying to maintain through the use of performance appraisals and incentive pay?

• a) internal

• b) external

• c) individual

• d) procedural