Test Bank For Compensation 5th Edition By Jerry Newman Suny Buffalo

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following is NOT a form of cash compensation? 1) A) allowances B) pensions C) stock options D) financial planning E) insurance Answer: C
Explanation: A) B) C) D) E) 2) Which of the following is NOT a benefit component of total compensation? 2) A) relational returns B) cost-of-living adjustment C) allowances D) incentives E) merit increase Answer: C
Explanation: A) B) C) D) E) 3) Which of the following best describes cost-of-living adjustment? 3) A) one-time payments for meeting previously established performance objectives B) consolidated pay which is not subject to any change regardless of the cost-of-living C)
percentage increment to base pay provided to all employees regardless of
performance D) compensation to provide for items that are in short supply E) increment to base pay in recognition of past work behaviour Answer: C
Explanation: A) B) C) D) E) 1
4) Which of the following is a work/life program? 4) A) health insurance B) cost-of-living adjustment C) stock options D) employment Insurance E) telecommuting Answer: E
Explanation: A) B) C) D) E) 5)
________ refer to one-time payments for meeting previously established performance
objectives. 5) A) Allowances B) Merit increments C) Relational returns D) Cost-of-living adjustments E) Incentives Answer: E
Explanation: A) B) C) D) E