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20 Cards in this Set
- Front
- Back
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Unions respond relatively rapidly to wage increases during inflationary periods. True False |
False |
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_____ are one-time cash payments to employees that are not added to an employee's base wages. A. relational returns B. cost-of-living increases C. lump-sum awards D. merit increases |
C. lump-sum awards |
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Research indicates that the presence of a union adds about _____ to employee benefits. A. 5 to 15 percent B. 30 to 40 percent C. 20 to 25 percent D. 50 percent |
B. 30 to 40 percent |
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Moving employees through pay ranges using merit increases is more popular than automatic progression. True False |
False |
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The vast majority of contracts specify that a job is to be compensated on an hourly basis. True False |
True |
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Few contracts specify special rates for part-time and temporary employees. True False |
True |
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With gain-sharing plans, the most common union strategy is to ______. A. have direct opposition to the plans as soon as they are suggested by the management B. have no concern for the plans C. delay taking a stand until real benefits are more apparent D. be very enthusiastic |
C. delay taking a stand until real benefits are more apparent |
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The CEO of BoardCom Inc., James, negotiates a new union contract with the union leader. If James wants to reduce expenses and keep the union happy, which of the following suggestions is most likely to be helpful? A. provide a 20 percent increase to base wages B. introduce merit increases based on individual-based performance C. introduce a gain-sharing plan that substitutes wages D. provide lump-sum awards in exchange for merit pay increases |
D. provide lump-sum awards in exchange for merit pay increases |
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Many contracts specify a premium be paid above the worker's base wage for working nonstandard shifts. True False |
True |
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Increased global competition has caused unions to: A. demand higher base wages than their international counterparts B. accept less variable pay in exchange for higher base pay C. become more receptive to alternate reward systems that link pay to performance D. demand increases in product prices to cover for increased wage costs |
C. become more receptive to alternate reward systems that link pay to performance |
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Which of the following is a reason for unions opposing gain-sharing plans? A. reduced need for jobs due to increased productivity B. decreased feeling of achievement for contributing to the organization C. decreased peer pressure to perform D. reduced job security |
A. reduced need for jobs due to increased productivity |
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Most contracts recognize that jobs in the same occupations should receive different wage rates. True False |
False |
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Lump-sum awards are typically given because they are less costly to the employer than merit increases. True False |
True |
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Which of the following plans gives employees part ownership in the company? A. gain-sharing plans B. ESOPs C. pay-for-knowledge plans D. profit-sharing plans |
B. ESOPs |
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Union employees in the public sector earn, on average, about ______ more than their nonunion counterparts. A. 14 percent B. 5 percent C. 40 percent D. 22 percent |
D. 22 percent |
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Introduction of a gain-sharing plan is particularly effective when union members participate in plan development. True False |
True |
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A reopener clause specifies that wages will be renegotiated at a specified time or under certain conditions. True False |
True |
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MaxTrain Corp. recognizes that its competitor GlasWell Corp., which is unionized, offers higher wages and benefits. To avoid unionization demands from its workers, MaxTrain decides to offer the same wages and benefits to its employees as GlasWell. Which of the following phenomena is exemplified in this case? A. the sorting effect B. the leniency effect C. the spillover effect D. the halo effect |
C. the spillover effect |
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In a(n) ______ pay plan, a contract is negotiated which specifies that employees hired after a given target date will receive lower wages than their higher-seniority peers working on the same or similar jobs. A. one-tier B. two-tier C. skill-based D. efficiency-based |
B. two-tier |
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In the negotiation stage of a multiyear wage contract, Mark, the manager of SifCo Corp., specifies that changes will be made to the wage based on the changes in the consumer price index and mentions the effective dates of adjustment. Which of the following types of clauses has Mark introduced in the contract? A. reopener clause B. halo clause C. escalator clause D. spillover clause |
C. escalator clause |
