gomez_tif_10 - Part V Compensation Chapter 10 Managing...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Part V Compensation Chapter 10 Managing Compensation OBJECTIVE QUESTIONS 1. In the opening case in chapter 10, an experienced computer programmer complains that new hires start at Sigma, Inc. at 15% more than his salary. Dr. Smith’s answer reveals that Sigma’s compensation system is built on a(n) ______ compensation model. a) balanced equity b) distributive justice c) labor market d) free market e) egalitarian Answer: c C--Integration Page: 300 2. In the opening case in chapter 10, a secretary complains that janitors make more money than she does. Her complaints and Dr. Smith’s response show that Sigma’s compensation system: 3. The compensation system of a company: 62
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Part V Compensation 4. Compensation consists of a number of elements. An employee’s base compensation: a) is that portion of an employee’s pay mix designed to reward good performance. b) consists of a wide variety of programs, such as health insurance, time off, etc. c) is his/her fixed pay, and is generally the largest part of his/her total compensation package. d) is made up of the special “extras” or perks that are allocated, based on status within the company. e) consists of the bonuses or profit sharing that underpin the employee’s total compensation. Answer: c E--Recall Page: 301 5. Employees’ total compensation consists of which of the following? 6. Perquisites, also called “perks”: a) are a special type of benefits, generally reserved for upper-level managers. b) are a special type of pay incentive, generally reserved for upper-level managers. c) make up 60% of employees’ total compensation. d) is another name for indirect compensation that includes health benefits, vacation and unemployment compensation. e) make up 30% of employees’ total compensation. Answer: a M--Recall Page: 301
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern