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54.
(p. 347)
The size of the range of pay levels based on labor and product markets depends on:
55.
(p. 347)
Economic theory holds that the most profitable pay level, all things being equal, would
be:
56.
(p. 347)
A company that views employees as resources is most likely to pay the employees _____.
57.
(p. 349)
Pay policies are one of the most important human resource tools for:
58.
(p. 349)
The procedure in which an organization compares its own practices against those of
successful competitors is known as:
59.
(p. 349)
The National Compensation Survey is an ongoing activity of the:
60.
(p. 349)
According to _____, people measure outcomes such as pay in terms of their inputs.
61.
(p. 349)
What is the advantage of two-tier wage systems?
62.
(p. 351)
Research on the effects of two-tier wage plans found that:
63.
(p. 351)
_____ play the most significant role in communication because they interact with their
employees each day.
64.
(p. 353)
_____ is an administrative procedure for measuring the relative worth of an organization's
jobs.
65.
(p. 353)
Which of the following is true of compensable factors?
66.
(p. 353)
An example of a typical compensable factor is:
67.
(p. 353)
_____ provide the basis for decisions about relative internal worth.
68.
(p. 353)
Which of the following is true of key jobs?
69.
(p. 354)
A rate of pay for each unit produced is known as:
70.
(p. 355)
A graphed line showing the mathematical relationship between job evaluation points and
pay rate is termed as a(n):
71.
(p. 355)
A pay policy line:
72.
(p. 355)
A drawback of pay rates is that they:
73.
(p. 356)
_____ are sets of jobs having similar worth or content, grouped together to establish rates
of pay.
