HRA562 Final Exam Latest (60 mcqs/2 long questions)/HRA562 Final Exam Latest (60 mcqs/2 long questions)

Question 1
Which BLS survey covers the incidence and detailed provisions of selected benefit plans, with the data being presented as a percentage of employees who have access to the benefit plans?
Employer Costs for Employee Compensation
National Compensation Survey
National Benefit Index
Employment Cost Index
Question 2
This federal Act requires contractors with federal contracts worth over $2,000 to pay wages at least equal to those prevailing in the area where the work is being done.
Davis-Bacon Act
Fair Labor Standards Act
Civil Rights Act of 1964
Equal Pay Act
Question 3
If the company adopts a market lag policy, how will that company’s pay range midpoint compare to the market average?
The midpoint will be the same as the market average.
The midpoint will be lower than the market average.
The midpoint will be higher than the market average.
There is not enough information to determine the answer.
Question 4
With which type of sales commission plan does an employee earn a higher rate of commission for all sales made in a given period if the sales level exceeds a predetermined level?
Commission-plus-draw plan
Graduated commission
Multiple-tiered commission
Straight commission
Question 5
This theory suggests that an employee must regard his own ratio of merit increase pay to performance as similar to the ratio for other comparably performing people in the company.
Equality theory
Equity theory
Comparable pay theory
Comparable ratio theory

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