What is the main difference between the equity and exchange philosophies of compensation

Question 1. 1. What is the main difference between the equity and exchange philosophies of compensation
The equity philosophy is based on available budget; the exchange philosophy is based on profit margins.
The equity philosophy is based on fairness; the exchange philosophy is based on employee value.
The equity philosophy is based on profit margins; the exchange philosophy is based on available budget.
The equity philosophy is based on employee value; the exchange philosophy is based on fairness.

Question 2. 2. What is unique about staffing practices at the online shoe company Zappos? (Points : 1)
New hires are trained by employees of other successful shoe companies.
Employees are trained to do every job in the company.
Trainees are offered up to $2,000 to quit the company at any time.
The CEO personally trains every single employee.

Question 3. 3. Which of the following laws give workers the right to join a union without fear of discrimination or retribution? (Points : 1)
The Norris–LaGuardia Act of 1932
The Wagner Act of 1935
The Taft-Hartley Act of 1948
The Landrum-Griffin/Labor-Management Reporting and Disclosure Act of 1959

Question 4. 4. The Occupational Safety and Health Act (OSHA) requires employers to do all of the following EXCEPT (Points : 1)
provide protection from at-work hazards
notify supervisors of hazardous conditions
monitor employees’ health habits
enforce the use of safety equipment

Question 5. 5. Internal sourcing and external sourcing are part of the process of __________________. (Points : 1)
recruiting
employee orientation
employee selection
job design

Question 6. 6. Which of the following methods constitute on-the-job training methods? (Points : 1)
demonstration; apprenticeship; and sink-or-swim
simulation; film and classroom; and vestibule
demonstration; film and classroom; and sink-or-swim
sink-or-swim; vestibule; and apprenticeship

Question 7. 7. Vanessa starts her new job as a marketing strategist for Orion Food and Beverage today. As part of her orientation, she is told to study the position duties on her own, and she uses an online training manual to familiarize herself with company processes. What kind of employee training method is Vanessa most likely engaged in? (Points : 1)
film and classroom
simulation
vestibule
demonstration

Question 8. 8. Bonuses, contest prizes, and profit sharing are examples of which type of compensation? (Points : 1)
incentives
base pay
benefits
exchange

Question 9. 9. Benefit packages typically comprise about _______% of an employee’s base pay. (Points : 1)
5–10
10–15
15–20
20–30

Question 10. 10. Which of the following scenarios describes the 360-degree assessment technique? (Points : 1)
David’s performance is evaluated by his work over the last calendar year.
David’s performance is evaluated using a BARS scale.
David’s performance is evaluated based on the areas in which he has made the most progress.
David’s performance is evaluated by peers, subordinates, customers, and himself.

 

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