Accounting
Anthropology
Archaeology
Art History
Banking
Biology & Life Science
Business
Business Communication
Business Development
Business Ethics
Business Law
Chemistry
Communication
Computer Science
Counseling
Criminal Law
Curriculum & Instruction
Design
Earth Science
Economic
Education
Engineering
Finance
History & Theory
Humanities
Human Resource
International Business
Investments & Securities
Journalism
Law
Management
Marketing
Medicine
Medicine & Health Science
Nursing
Philosophy
Physic
Psychology
Real Estate
Science
Social Science
Sociology
Special Education
Speech
Visual Arts
Human Resource
Q:
Since benefits packages are more complex than pay structures, they are harder for employees to understand and appreciate.
Q:
__________ refers to the extent to which members of a society accept delayed gratification of their material, social, or emotional needs.
A) Individualism
B) Power distance
C) Dichotomy
D) Long-term versus short-term orientation
E) Uncertainty avoidance
Q:
In __________ industries, a firms competitive position in one country is significantly affected by its position in other countries.
A) Local
B) Decentralized
C) Centralized
D) Global
E) Multilocal
Q:
A(n) __________ involves the purchase of an up-and-running business that has established suppliers and customers.
A) Start-up operation Acquisition
B) Alliance
C) Strategic alliance
D) Sole ownership
E) Acquisition
Q:
A(n) __________ allows an organization to make direct investment very gradually while sharing its risk with a knowledgeable, experienced other party while maintaining independence.
A) Joint venture
B) Alliance/partnership
C) Management contract
D) Contract manufacturing
E) Foreign direct investment
Q:
When an organization directly owns part of or an entire business in a foreign market, it is called __________.
A) franchising
B) exporting
C) licensing
D) contract manufacturing
E) foreign direct investment
Q:
The organization gives up a major amount of control over processes when using contract manufacturers. A concern with this approach is:
A) variation in advertising content
B) lack of ability to relieve excess capacity
C) irresponsible use of brand names and trademarks
D) product quality concerns
E) the difficulty of finding reliable distributors
Q:
An agreement that allows an independent organization or individual to run a business using the name of an established business for a fee is known as.
A) franchising
B) exporting
C) licensing
D) contract manufacturing
E) management contract
Q:
The successful placement of employees within international assignments is important to the success of a transnational organization. Studies have shown that difficulty adjusting to a different ______ is the number one reason for the failure of international assignments.
A) level of collectivism
B) level of compensation
C) set of laws
D) currency
E) culture
Q:
The level of decentralization and empowerment within a culture can be understood by a reference to the ______ within that culture.
A) Individualism
B) Power distance
C) Dichotomy
D) Short-term orientation
E) Collectivism
Q:
(p. 405) Discuss the Family and Medical Leave Act of 1993, including its eligibility requirements, scope of coverage, and effectiveness.
Q:
The UNCTAD index is based on a composite of two ratios: foreign assets to total assets and foreign sales to total sales.
Q:
An organizations degree of foreign investment in relation to its domestic investment does not play a role in increasing the complexity of managing HR internationally.
Q:
Individuals from societies with a short-term orientation expect quick results, personal steadiness and stability, and place less emphasis on status.
Q:
Which one of the following statements is true of employee benefits?
A. Employees generally have a thorough understanding of what benefits they have and what the market value of these benefits is.
B. Employees significantly underestimate the cost and value of their benefits.
C. Employers do an effective job of communicating the cost and value of benefits to their employees.
D. Employees, for the most part, are just not interested in their benefits.
E. Employers have very limited options for communicating information about benefits.
Q:
The funds required by an organization to pay retirement benefits are reported as _____ in the financial statement.
A. current assets
B. current liabilities
C. accounts receivable
D. bad debt
E. future cost obligations
Q:
Large corporations such as Walmart, are generally successful when they decide to embark on ventures within foreign markets, and because of their size, do not need to be concerned about the complexities associated with international HR issues within smaller companies.
Q:
Individuals from societies with high levels of uncertainty avoidance tend to have a strong task orientation, prefer flexible work hours, and feel a strong loyalty to their employer.
Q:
Which of the following is a requirement set for employers under the FASB standards?
A. Employers must fund benefits on a pay-as-you-go basis.
B. Benefits must not appear as future cost obligations.
C. Employers should encourage employees to participate in management functions.
D. Financial statements should be made in such a way that outsiders cannot understand them.
E. Employers must set aside the funds they expect to need for benefits to be paid after retirement.
Q:
HR within a global company is complex because of the different cultures, politics and laws that exist between locations.
Q:
Under the Americans with Disabilities Act, which of the following employers is most likely to face legal challenges?
A. An employer who switches to a risk-based policy after hiring a disabled employee.
B. An employer who sets guidelines for using waivers
C. An employer who discriminates against workers over age 40 in providing pay or benefits.
D. An employer who has risk-based insurance and then hires an employee with a disability
E. An employer who does not have risk-based insurance
Q:
People from highly individualistic societies attach more importance to freedom and challenges in jobs.
Q:
Under the Older Workers Benefit Protection Act of 1990, employers wishing to use early-retirement waivers must adhere to which of the following guidelines?
A. Inform employees that they may consult with a lawyer before signing
B. Allow employees not more than 48 hours before signing the retirement agreement
C. Make ADEA waivers compulsory
D. Provide lesser benefits than would otherwise be available upon retirement
E. Provide employees annual bonus and health insurance after the retirement
Q:
The degree of cultural differences is one of the factors that affect the level of difficulty involved in operating HR on an international basis.
Q:
In global industries, business policies and practices can be as centralized or as decentralized, as management prefers.
Q:
Which of the following criteria is an organization required to meet while offering early retirement incentives?
A. Set an age at which retirement benefits stop growing
B. Ask female employees to pay more to defined-benefit plans
C. Should not coerce employees to retire.
D. Ask employees to sign compulsory waiver under ADEA
E. Provide employees not more than 48 hours to make an early retirement decision
Q:
Which one of the following is an advantage of a qualified plan in retirement benefits?
A. An immediate tax deduction for the funds employees contribute to the plan
B. Taxable earnings on the money in the retirement fund
C. Tax-free withdrawals for highly compensated employees
D. Employees need not contribute to the fund
E. Allows an organization to set up a retirement plan that provides benefits exclusively to its owners and top managers
Q:
It is difficult to operate in a decentralized fashion in a multilocal industry because of the high need for coordination.
Q:
Which of the following organizations strictly limits the definition of "independent contractors," so that employers cannot avoid legal obligations by classifying workers as self-employed when the organization receives the benefits of a permanent employee?
A. The Internal Revenue Service
B. The FBGC
C. The ERISA
D. Employee Benefit Research Institute
E. The Bureau of Labor Statistics
Q:
Factors associated with a companys task environment influence a companys decision to invest in the international market.
Q:
Which of the following options can be legally adopted by organizations looking to restructure the workforce to minimize the expense of benefits?
A. Use more independent contractors rather than hire additional employees.
B. Limit the coverage on life insurance, based upon the employee's age.
C. Use more full-time rather than part-time employees.
D. Recruit new employees instead of demanding overtime from the existing employees.
E. Substitute HMO and PPO plans with traditional health insurance plans.
Q:
Strategic alliances permit organizations to share risk and expenses, and also enable each partner to tap into and benefit from the strengths of the other.
Q:
Which of the following actions help organizations reduce the cost of health care benefits offered to employees?
A. By increasing the amount employers pay for deductibles and coinsurance
B. By selecting traditional health insurance over HMO and PPO as a preferred option
C. By expanding the coverage for different types of claims
D. By paying some or all of the difference in cost between an HMO or PPO plan
E. By shifting from traditional health insurance plans to PPOs and CDHPs
Q:
While multinational corporations sell their brand of product in multiple global locations, they typically use raw materials sourced from a local source.
Q:
A major disadvantage to joint ventures is the potential for conflict between the partners.
Q:
Which of the following is true of the cost of benefits?
A. Data about costs help employers to select the kinds of benefits to offer.
B. The lowest-cost items tend to offer the most room for savings.
C. Non-negotiable benefits tend to help the employer save more.
D. Cost control is easier when economic growth slows.
E. Concern over costs has prompted many employers to shift from PPOs to traditional health insurance.
Q:
Technological innovations, lower costs associated with skilled labor, and direct access to growing markets are all putting pressure on companies to decrease global expansion.
Q:
How do cafeteria-style plans increase costs for employers?
A. Employers pay much higher premium on HMO than a preferred health care plan.
B. Employers are required to pay higher insurance premium for laid-off workers.
C. Contribution to PGBC to fund the retirement plan increases under this plan.
D. Employees select the kind of benefits they expect to need the most.
E. The employers bear the cost of providing employees with benefits they do not value.
Q:
Some firms prefer to enter international markets through actual ownership of business.
Q:
A _____ pension plan allows pension benefits for key employees, such as highly paid managers, to exceed a government-specified share of total pension benefits.
A. top-heavy
B. multiemployer
C. special draw rights
D. deferred
E. defined-contribution
Q:
Management contract is a special form of licensing.
Q:
Benefit plans that permit employees to choose the types and amounts of benefits they want from a set of alternatives are called:
A. preferred provider plans.
B. cafeteria-style plans.
C. pay-or-play plans.
D. flexible spending accounts.
E. cash balance plans.
Q:
A licensee leases the right to use intellectual property of another firm.
Q:
The guarantee that when employees become participants in a pension plan and work a specified number of years, they will receive a pension at retirement age, regardless of whether they remained with the employer is referred to as _____.
A. special drawing rights
B. quid pro quo
C. laissez-faire
D. benchmarking
E. vesting rights
Q:
Licensing is one means of entering a foreign market.
Q:
Which of the following was created by the Employee Retirement Income Security Act (ERISA) of 1974?
A. Employee Benefit Security Administration
B. Federal Trade Commission
C. Merit Systems Protection Board
D. Federal Retirement Thrift Investment Board
E. Pension Benefit Guarantee Corporation
Q:
The function of the Occupational Safety & Health Review Commission (OSHRC) agency is to issue standards, conduct inspections, citations, and variances.
Q:
Third parties that specialize in facilitating importing and exporting are called intermediaries.
Q:
To encourage learning and attract the kinds of employees who wish to develop their knowledge and skills, many organizations offer:
A. tuition reimbursement programs.
B. flexible schedules.
C. paid leaves for more than 2 weeks.
D. quarterly promotions.
E. college savings plans.
Q:
The OSHA was created in 1990 to reduce occupational diseases and on-the-job injuries.
Q:
Elder care benefits typically give emphasis to:
A. providing a direct financial assistance.
B. providing tax exemptions on medical bills of the dependent elders.
C. setting up an elderly care facility close to the work place.
D. providing information and support.
E. providing vouchers and discounts to help employees access the existing elderly care facilities.
Q:
What are examples of high-performance work practices (HPWP)?
Q:
In civil law, negligence must be established through litigation before any compensation is awarded.
Q:
List a 3 to 5 major Human Resources Management (HRM) responsibilities.
Q:
Which of the following is true of 529 savings plans?
A. They are mandated by the federal government.
B. They are designed to support the primary education expenses of workers' children.
C. They provide education to employees' children at a subsidized rate.
D. They provide information about the education standards in different colleges to employees to help them enroll their children in better institutions.
E. They allow parents and other family members to defer taxes on the earnings of their deposits.
Q:
Federal law provides compensation to workers for mental or nervous injury caused due to stress.
Q:
List three to five characteristics of High-Performance Work Practices (HPWP) and tell how you think they are related to corporate financial performance.
Q:
Which of the following is true of the Employee Retirement Income Security Act (ERISA) of 1974?
A. It was introduced as a bill by the Pension Benefit Guarantee Corporation.
B. It established vesting rights related to pensions.
C. It prohibits the movement of retirement savings when changing employers.
D. It makes it mandatory to operate a day-care center at or near the workplace.
E. It establishes the setting up flexible spending accounts for dependent care.
Q:
The benefits paid when an employee has lost work is typically about one-third of the regular average weekly wage.
Q:
What are the four trends relevant to the growing importance for HRM and why have they increased HRMs status?
Q:
One of the highlights of the Workers Compensation law applying to employees is that a petition for benefits must usually be filed within a year of the original decision.
Q:
The _____ is a report that describes a pension plan's funding, eligibility requirements, risks, and other details.
A. mission statement
B. balanced scorecard
C. labor law posting
D. "top-heavy" plan
E. summary plan description
Q:
Why is measurement so important for effective HRM?
Q:
Defined-benefit plans must meet the funding requirements of the _____.
A. Employee Retirement Income Security Act
B. Consolidated Omnibus Budget Reconciliation Act
C. Social Security Act
D. Patient Protection and Affordable Care Act
E. Sarbanes-Oxley Act
Q:
The concept of liability without fault provides that workers who are victims of work-related injury or illness are granted benefits regardless of who is responsible for the accident, injury, or illness.
Q:
For an organization with _____, switching from a defined-benefit plan can produce great savings in pension benefits.
A. many experienced employees
B. a few skilled employees
C. many young employees
D. many retired employees
E. highly skilled employees
Q:
Describe the discrepancies between HRM practice and the recommendations from academic research.
Q:
OSHAs has workplace standards for most potential hazards, with the exception of noise levels in the work place.
Q:
Which of the following is true of a cash balance plan?
A. All contributions to the plan come from the employee.
B. The money earns interest at a predetermined rate, such as the rate paid on U.S. Treasury bills.
C. Older employees with many years of service benefit to a greater degree than do younger workers just starting their careers.
D. It penalizes employees for changing jobs.
E. Employees cannot predict retirement benefits under cash balance plans.
Q:
Discuss how organizational commitment, job satisfaction, employee engagement and other so-called soft measures are relevant to an organization's bottom-line.
Q:
What are Employee Assistance Programs?
Q:
Which of the following is true of defined-contribution plans?
A. Defined-contribution plans are required by ERISA.
B. Employers are free from the risk of poor performance of the plans.
C. The PGBC makes annual contribution of $33 per participant.
D. They guarantee a specified level of retirement income.
E. They guarantee higher returns to the employees compared to the defined benefit plans.
Q:
List a few common activities that are part of the organizational design HRM domain.
Q:
Discuss the four areas that organizations can use to reduce or eliminate unsafe behaviors at work.
Q:
Which one of the following is true of defined-contribution plans?
A. They shift the investment risk to the employer.
B. They present greater administrative challenges to employers.
C. They require annual premium payments to the PBGC.
D. They guarantee a basic benefit to the employee if the employer experiences financial difficulties.
E. They are easier to administer as compared to other plans.
Q:
Describe the six steps necessary for an organization to develop a workforce scorecard.
Q:
Briefly explain the star, merit, and demonstration Voluntary Protection Programs (VPP). Also highlight the functions they perform.
Q:
Within a 401(k) plan, who has the responsibility for investing?
A. The employee
B. The PGBC
C. The ERISA Fiduciary Advisor
D. The financial institution handling the account
E. The employer
Q:
Describe how technology impacts HR services, including communication, access to information, and measurement of HR activities.
Q:
List and explain three services that are offered by the Occupational Safety and Health Administration for assistance with the education and enforcement of health and safety standards.