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T4 Questions and Answers

Question # 6

As an employer, you believe it is always a good idea to pay people for their contributions to organizational results. Which of the following plans would likely be the key component of the compensation plan?

A.

indirect pay

B.

base pay

C.

pay for knowledge

D.

performance pay

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Question # 7

Which of the following refers to job evaluation?

A.

determining how well a job is performed

B.

surveying the market

C.

ranking all jobs according to their value to the firm

D.

establishing the skill level of each employee

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Question # 8

Johnny is compensated based on a rate of $25.00 per hour worked. Which of the following terms best describes the manner in which Johnny is compensated?

A.

commission

B.

wage

C.

piece rate

D.

salary

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