Bus 409 week 6 quiz

BUS 409 Week 6 Quiz

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1.

This is a systematic process for gathering, documenting, and analyzing information in order to describe jobs.

2.

These two are job evaluation techniques.

3.

This unit of analysis is a group of jobs, found at more than one business, in which a common set of tasks are performed.

4.

These indicate the name of each job within a company's job structure.

5.

Which of the following is NOT true for internally consistent compensation systems?

6.

What type of organizations use classification plans most prevalently?

7.

In the job analysis process this term represents a group of positions that are identical with respect to their major tasks.

8.

Sarah works at a federal government agency. Her pay rate is determined by her GS level and work seniority. What type of job-content evaluation approach was used to categorize her job?

9.

A human resource manager of a company decides to change the current job-content valuation technique by using a quantitative methodology. He thinks that the old approach fails to balance internal and external considerations while

evaluating jobs. What type of job evaluation technique do you suggest for this HR manager?

10. A job analysis method is this if it yields the kind of information that it was designed to provide and accurately assesses each job's duties.

11. Which job evaluation method entails ordering jobs on the basis of extremes?

12. This describes job duties, tasks, and relevant factors needed to perform a job adequately.

13. Market-based job evaluation uses which method to collect data to determine prevailing pay rates?

14. Which of the following are the four "universal compensable factors"?

15. Universal compensable factors are derived from which federal Act? 16. In the regression analysis formula, what does the X represent?

17. This causes compensation survey data to become obsolete fairly quickly.

18. Compensation professionals in XYZ Company use regression analysis to determine the pay rates of its marketing professionals. There are 4 different marketing job titles in XYZ Company. Compensation professionals use job evaluation points assigned to each marketing job title and a salary survey data. In other words, they regress job evaluation points on the salary data. What does it mean when the R2 value of this regression turns out to be 0.85?

19. This term refers to the distance of each salary figure from the mean.

20. What does it mean when the distribution of data is skewed to the right?

21. This BLS survey provides the quarterly measure of changes in labor and compensation costs, and is used as the principle economic indicator for the Federal Reserve.

22. These are used as reference points for setting pay levels.

23. Market lag policies are generally set to which quartile in the salary survey?

24. As of September 2010, U.S. companies spent approximately how much per employee for discretionary benefits?

25. Jose Escobar conducts a survey of salaries at UB2 Enterprises and finds that 50% of the workers fall below the market pay average of $32,000. In which quartile do the workers at ERL Enterprises fall?

26. These are the two types of central tendency measures that are pertinent to compensation.

27. Companies pursuing a differentiation strategy are most likely to use which pay level policy?

28. In regression, what does it mean when the R2 = 1?

29. Suppose that a compensation professional would like to calculate the median salary. He/she orders four salaries as follows: $20,000, $22,000, $24,000, $26,000. What is the median salary for this data set?

What does Quartile 3 represent?