61.__________ equity exists when an organization’s employees believe that their pay is fair when compared to what other employers pay their employees who perform similar jobs.
a.Compensationc.Employee
b.Internald.External
62.The idea of __________ is that if two jobs have equal difficulty requirements, the pay should be the same, regardless of who fills them.
a.comparable worthc.compensation equity
b.wage rate compressiond.pricing equity
63.__________happens when starting salaries for new hires exceed the salaries paid to experienced employees.
a.Comparable worthc.Compensation equity
b.Wage rate compressiond.Pricing equity
64.__________ is an internal equity issue that can create morale problems and increase turnover of highly skilled and experienced employees as they seek higher salaries elsewhere.
a.Comparable worthc.Compensation equity
b.Wage rate compressiond.Pricing equity
65.The primary cause of __________ is increasing market rates for skills that are in short supply.
a.Comparable worthc.Compensation equity
b.Wage rate compressiond.Pricing equity
66.A __________ refers to lucrative benefits including bonuses and stock options given to executives in the event a company is taken over.
a.golden balloonc.parachute payment
b.golden parachuted.balloon payment
67.__________ are pay increases to account for a higher cost of living in one country versus another.
a.Cost-of-living adjustmentsc.Hardship premiums
b.Housing allowancesd.Tax equalization payments
68.__________ are payments to subsidize or cover housing and other related costs in high-cost areas.
a.Cost-of-living adjustmentsc.Hardship premiums
b.Housing allowancesd.Tax equalization payments
69.__________ increase salary for living in an area with a lower quality of life or less safety.
a.Cost-of-living adjustmentsc.Hardship premiums
b.Housing allowancesd.Tax equalization payments
70.__________ increase salary to make up for higher taxes that reduce take-home pay and decrease employees’ purchasing power.
a.Cost-of-living adjustmentsc.Hardship premiums
b.Housing allowancesd.Tax equalization payments