21.When job evaluations have been completed, jobs are grouped into:
a.job grades.
b.classification grades.
c.comparable grades.
d.pay grades.
22.____ generate information on pay rates offered by a firm’s competitors for certain benchmark jobs.
a.Equity surveys
b.Salary surveys
c.Price surveys
d.Market surveys
23.____ are jobs that are performed in a similar manner in all companies and seen as a basis for making meaningful comparisons.
a.Red-circle jobs
b.Equitable jobs
c.Benchmark jobs
d.Comparable jobs
24.A pay policy is based on a firm’s:
a.profitability.
b.market capitalization.
c.HR plans.
d.strategic plans.
25.A ____ specifies the minimum and maximum pay rates for all jobs within a grade.
a.pay range
b.pay rate
c.pay line
d.pay factor
26.What is the regression line indicating the statistical relationship between job evaluation points and prevailing market rates called?
a.Pay rate line
b.Pay policy line
c.Pay worth line
d.Pay range line
27.____ is achieved when employees believe that their pay fairly reflects their level of contribution to the organization.
a.Internal consistency
b.External competitiveness
c.Internal competitiveness
d.Employee contributions equity
28.Where do most employers set the market rate when establishing pay ranges?
a.In the top half of the range
b.At the midpoint of the range
c.In the bottom half of the range
d.At the bottom of the range
29.What range spread do most organizations establish for professional and lower-level management position pay rates?
a.10 to 25 percent
b.25 to 35 percent
c.35 to 60 percent
d.60 to 120 percent
30.Skill-based pay programs would probably be least effective in:
a.organizations that have few hierarchical levels.
b.bureaucratic organizations that rely on routine technology.
c.companies that use self-managed work teams.
d.organizations that engage in decentralized decision making.