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1. UOP HRM 324 Final Exam
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HRM 324 Final Exam Guide

2. Base pay defined is?
Pay by the drink Hourly or
annual salary Service fees
A fee that is paid per project
How is base pay adjusted over time?
Cost of living adjustments
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Seniority pay, merit pay Incentive pay, person focused
pay All of the above
Extrinsic compensation includes?
Base salaries and bonuses Jobs
that provide autonomy

3. Both monetary and nonmonetary
rewards
Traditional pay
4) Competency based can be defined as?
Two basic types of focused pay programs, pay
for knowledge and skill base pay
Compensation for longevity
WWW.hlT Phased wage approach
Retirement compensation
5) Pay for knowledge can be defined as?
a) Rewards for managerial, service, or professional
workers for successfully learning specific curricula

4. b) Consultant fees
c) Measures labor productivity
6) Skill-based pay defined is?
a) Employees who work on computers
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b) A term used mostly for employees who do
physical
work
c) Trade that deals mainly with the
restaurants
industry
d) Skills considered supervisory

5. 7) Incentive pay defined is?
Augments employees base pay
Appears as a one-time payment
Employees usually receive a combination of recurring
base pay and incentive pay
All of the above
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8) Incentive pay plans can be broadly classified
into
what 3 categories.
a) Store sales, profit levels, customer quality
b) Cost savings, reduction, services

6. c) Individual incentive plans, group incentive plans,
company wide plans
d) Number of units produced, amount of sales, error
rate
9) Individual incentive pay plans are most appropriate
www.hriunder what 3 conditions
?
a) Where employee's performance can be measured
objectively, employees have sufficient control over
work outcomes; incentive plans do not create a level of
unhealthy competition
b) Piecework plans, management incentive plans,
referral plans

7. c) Pay and performance relationships, strive for
excellence, incentive awards with job performance
10) Pension plans that entitle employers and
employees to substantial tax benefits are known as:
Qualified plans
WWW.hrm Nonqualified plans
Plan termination and procedures
PBGC
11) Qualified pension plans posses' 13
fundamental
characteristics.
a) True

8. b) False
12) Qualified pension plans are subject to minimum
accrual rules based on the Internal Revenue Code and
ERISA.
WWW.hrm324a) True
b) False
13) Under an international setting, Home
Country-
Based Method is?

9. A method that compensates expatriates' the amount
they would receive if they were performing similar
work in the United States
Court compensation
A standard benefit program
Hardship allowance
14) How many methods are there for calculating base
www.hrrpay for U
-S
- expatriates
-
a)
1
b)
3
c)
2
d) 4

10. 15) Hardship allowances compensate expatriates
for their sacrifices while on assignment's.
True
False
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