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final exam questions

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Question 1
Which of the following are the two main components of current core compensation?
Select one:
a. base pay & bonuses
b. base pay & legally-required benefits
c. bonuses & legally-required benefits
d. base pay & discretionary benefits
Question 2
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These rights provide employees with an opportunity to purchase a number of stocks at a designated price within a specified period of time
Select one:
a. stock option
b. stock grant
c. disposition
d. exercise of one’s grant.
Question 3
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What is the term used when a company offers stock to its employees?
Select one:
a. stock allocation
b. stock option
c. stock grant
d. stock disposition
Question 4
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Restricted stock generally allows the executives ownership of the stock after how many years?
Select one:
a. 20-30
b. 5-10
c. 3-5
d. 1-3
Question 5
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When he became CEO, Duane was given a stock option that does not require him to exercise his options in order to receive income. Which plan is it?
Select one:
a. stock appreciation rights
b. discount stock
c. restricted stock
d. golden parachute
Question 6
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After the recent merger of ABC and XYZ Airlines, the former CFO of XYZ Airlines, John, lost his employment in the newly merged airline. Which compensation agreement extends pay and benefits for John?
Select one:
a. discount stock option plans
b. incentive stock options
c. phantom stock
d. golden parachutes
Question 7
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XYZ Co. took back performance-based compensation of $1.2 million from their CEO because of his decision of the buyout of another firm that eventually lowered the overall value of the XYZ Co. Which of the following compensation agreements allowed the board of directors to take back this $1.2 million?
Select one:
a. platinum parachutes
b. clawback provisions
c. phantom stock
d. golden parachute
Question 8
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The recently appointed CEO of XYZ Inc. uses a luxury summerhouse owned by the company for rest and relaxation with his family as well as a place to invite important clients before a lucrative business deal. XYZ Inc. also provides a membership to an exclusive country club to its CEO. These kinds of benefits offered to CEOs are called
Select one:
a. discretionary bonuses.
b. perquisites.
c. golden parachutes.
d. clawback provisions.
Question 9
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The SEC requires compensation information on the CEO and how many of the highest paid executives?
Select one:
a. 10
b. 7
c. 4
d. 2
Question 10
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The SEC’s Summary Compensation Table contains data covering how many years?
Select one:
a. 3
b. 5
c. 7
d. 10
Question 11
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In 2009, the average CEO earned how much more annually than the average food service worker?
Select one:
a. 12 times greater
b. 38 times greater
c. 74 times greater
d. 156 times greater
Question 12
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A worker considered part-time is working less than how many hours in a week?
Select one:
a. 30
b. 35
c. 39
d. 25
Question 13
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Contingent workers typically find employment in which of the following industries?
Select one:
a. automotive
b. transportation
c. apparel manufacturing
d. heavy equipment manufacturing
Question 14
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What is it called when Tanesha and Jaunita both work part-time to complete the duties of one full-time position?
Select one:
a. job sharing
b. freelancing
c. dual staffing
d. safe harboring
Question 15
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Who is responsible for compensating on-call employees?
Select one:
a. the independent contractor
b. the hiring company
c. the temporary agency
d. the government
Question 16
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Which type of contingent worker would work for a company on a long-term basis, presumably on an indefinite basis?
Select one:
a. part-time employees
b. temporary employees
c. leased employees
d. independent contractors
Question 17
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The average monthly health insurance premium cost companies how much as of September 2010?
Select one:
a. $107.38 per employee
b. $191.74 per employee
c. $258.69 per employee
d. $435.20 per employee
Question 18
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Ashley was working as a part-time employee in a private company. She has just been laid off. Under which protection will she temporarily continue receiving employer-sponsored health care insurance coverage?
Select one:
a. Consolidated Omnibus Budget Reconciliation Act
b. Emergency Economic Stabilization Act
c. Family and Medical Leave Act
d. Equal Pay Act
Question 19
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How many days will Jamal have to work to complete a “year of service”?
Select one:
a. 125
b. 100
c. 185
d. 270
Question 20
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To be covered by FLSA overtime and minimum wage provisions, seasonal employees must work for a company that is open how many months in a year?
Select one:
a. 4
b. 7
c. 11
d. 12
Question 21
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Since temporary workers are employees of both the temporary employment agency and the client company, the dual employer common law doctrine establishes temporary workers’ right to receive which of the following?
Select one:
a. retirement benefits
b. workers’ compensation
c. health insurance
d. employee benefits
Question 22
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The Bureau of Labor Statistics does not monitor pay levels for which type of temporary workers?
Select one:
a. part-time employees
b. leased employees
c. temporary employees
d. independent contractors
Question 23
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When a telecommuting employee works from a remote extension from the employer’s office that includes a clerical staff and a full-time manager, that employee is said to be working at what type of office?
Select one:
a. remote work office
b. nomadic work center
c. neighborhood work center
d. satellite work center
Question 24
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What group most strongly opposes the use of contingent workers?
Select one:
a. liberals
b. conservatives
c. trade unions
d. executives
Question 25
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What does the term repatriation refer to?
Select one:
a. sending an expatriate’s family to the foreign country with him
b. an expatriate going back to an overseas assignment she had been to before
c. an expatriate returning home to work after completing an overseas assignment
d. teaching an expatriate about the customs and culture of a foreign country
Question 26
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An international assignment is considered long-term when it lasts at least how long?
Select one:
a. 3 months
b. 6 months
c. 2 years
d. 1 year
Question 27
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Which of the following would be considered a hardship location (due to dangerous conditions)?
Select one:
a. Bagdat, Iraq
b. Basel, Switzerland
c. Oslo, Norway
d. Brisbane, Australia
Question 28
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Renata Marie has been given a mobility premium as a reward for moving from one assignment to another. In what form did she receive this premium?
Select one:
a. lump-sum payment
b. monthly payments
c. a year-end bonus
d. annuity payments
Question 29
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Which of the following is considered an enhanced benefit for expatriates?
Select one:
a. emergency leave
b. education reimbursement for expatriates’ children
c. host country holiday pay
d. pay for host country vacation days
Question 30
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These represent additional paid time off for employees working in hardship locations.
Select one:
a. rest and relaxation leave benefits
b. permissible premiums
c. foreign service premiums
d. chillaxtion time
Question 31
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The State Department’s Index compares the foreign costs of goods and services with which U.S. city?
Select one:
a. Seattle
b. Chicago
c. Washington, D.C.
d. New York
Question 32
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If the local index for Tel Aviv, Israel is 146, what does that mean?
Select one:
a. the cost of living is 46% higher in Washington, D.C. than it is in Tel Aviv
b. the cost of living is 146% higher in Washington, D.C. than it is in Tel Aviv
c. the cost of living is 146% higher in Tel Aviv than Washington, D.C.
d. the cost of living is 46% higher in Tel Aviv than Washington, D.C.
Question 33
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In which country do companies incur the highest hourly cost for employing a manufacturing worker?
Select one:
a. China
b. Norway
c. United States
d. Canada
Question 34
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Canada can best be defined as which of the following?
Select one:
a. autocracy
b. federal republic
c. constitutional monarchy
d. communist state
Question 35
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What Canadian province has the highest minimum wage?
Select one:
a. Newfoundland
b. British Columbia
c. Nunavut
d. Alberta
Question 36
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What percentage of their gross earnings do Brazilian employees put towards social insurance?
Select one:
a. 0.5-1.5%
b. 2.3-3.7%
c. 4-6.5%
d. 7.65-11%
Question 37
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An employee should receive regular pay during illness for a period of how many weeks in Germany?
Select one:
a. 4 weeks
b. 6 weeks
c. 8 weeks
d. 10 weeks
Question 38
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In Germany, an employee can request up to how many year(s) of child-rearing leave?
Select one:
a. 1
b. 2
c. 3
d. 4
Question 39
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India’s labor force has over how many people based on 2010 estimates?
Select one:
a. 118 million
b. 273 million
c. 388 million
d. 478 million
Question 40
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Indian per capita expenditure on health care in 2006 was what amount at the international dollar rate?
Select one:
a. $109
b. $284
c. $563
d. $1,384
Question 41
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At least how many days of maternity leave are women entitled to in China?
Select one:
a. 60
b. 90
c. 100
d. 120
Question 42
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During when did the U.S. economy experienced the longest recession after World War II?
Select one:
a. between February 2005 and July 2008
b. between December 2008 and January 2010
c. between April 2007 and December 2009
d. between December 2007 and June 2009
Question 43
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How did General Motors and Chrysler respond to lower consumer demand during Great Recession?
Select one:
a. by cutting production levels
b. by introducing new models
c. by advertising more aggressively
d. by merging with other companies
Question 44
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According to Federal Reserve Bank, what percentage of industries have cut back production since the beginning of Great Recession?
Select one:
a. 82%
b. 86%
c. 90%
d. 75%
Question 45
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What was the estimated number of underemployed workers in the United States during October-November 2007?
Select one:
a. slightly more than 7.2 million
b. around 6 million
c. slightly more than 4.2 million
d. slightly less than 3 million
Question 46
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What is the mean hourly wages for all underemployed workers?
Select one:
a. $11.20
b. $12.80
c. $13.60
d. $14.30
Question 47
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Jane holds a bachelor’s degree in sociology. She works as a part-time taxi driver. This situation is an example of which of the following?
Select one:
a. malemployment
b. overstaffing
c. discrimination
d. unemployment
Question 48
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Which one of the developing Asian countries has the highest average pay rate?
Select one:
a. Vietnam
b. China
c. Indonesia
d. Bangladesh
Question 49
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Which of the following is a typical benefit preferred by employees with children (male or female, coupled or uncoupled)?
Select one:
a. life insurance
b. insurance with prescription drug benefits
c. generous vacation allowances
d. physical fitness programs
Question 50
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Which of the following is NOT a typical benefit preferred by older workers?
Select one:
a. insurance with prescription drug benefits
b. generous sick-leave allowances
c. flexible work schedules
d. disability insurance

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