This document of BUS 434 Week 1 Quiz shows the solutions to the following problems:<\/b><\/p>\n
1. All but which one of the following conditions will influence jobs and job-related opportunities in the future?<\/p>\n
Student Answer: <\/p>\n
– rapid economic growth <\/p>\n
– vigorous competition <\/p>\n
– fewer advancement opportunities <\/p>\n
– restricted wage and salary increases<\/p>\n
2. Which of the following is a noncompensation benefit rather than a compensation benefit?<\/p>\n
Student Answer: <\/p>\n
– paid holidays <\/p>\n
– unemployment insurance <\/p>\n
– office Christmas party <\/p>\n
– medical insurance<\/p>\n
3. An organization designs and implements a reward system to<\/p>\n
Student Answer: <\/p>\n
– provide a medium of exchange of the income of an organization to its employees for their monetary and in-kind claims on goods and services <\/p>\n
– promote the comradeship of workplace associates <\/p>\n
– focus worker attention on the specific behaviors the organization considers necessary to achieve its desired objectives and goals <\/p>\n
– require employees to perform assignments for which they are best suited<\/p>\n
4. Claims on goods and services made available and paid for either totally or in some percentage by the employer are<\/p>\n
Student Answer: <\/p>\n
– monetary rewards <\/p>\n
– in-kind rewards <\/p>\n
– noncompensation rewards <\/p>\n
– nonfinancial rewards<\/p>\n
5. A company car, a company credit card, and subsidized food services are all examples of which one of the following forms of payment?<\/p>\n
Student Answer: <\/p>\n
– deferred income <\/p>\n
– family income <\/p>\n
– income equivalent <\/p>\n
– incentive income<\/p>\n
6. The financial strength to own your own home normally begins with entry into the<\/p>\n
Student Answer: <\/p>\n
– working poor <\/p>\n
– lower-middle class <\/p>\n
– middle-middle class <\/p>\n
– upper-middle class<\/p>\n
7. All but which one of the following assumptions are included within the model of perfect competition?<\/p>\n
Student Answer: <\/p>\n
– employers seek to maximize profits <\/p>\n
– workers have perfect information about wages and job opportunities <\/p>\n
– available workers differ with respect to both skill and performance <\/p>\n
– all jobs in the labor market are open to competition<\/p>\n
8. Approximately what percentage of workers are unionized?<\/p>\n
Student Answer: <\/p>\n
– 8 <\/p>\n
– 10 <\/p>\n
– 12<\/p>\n
– 14<\/p>\n
9. Which one of the following is not considered as part of a compensation program?<\/p>\n
Student Answer: <\/p>\n
– Benefits and services <\/p>\n
– Short- and long-term incentives <\/p>\n
– Job-related training <\/p>\n
– Wage and salary add-ons<\/p>\n
10. Which one of the following states has the highest level of personal income?<\/p>\n
Student Answer:<\/p>\n
– Tennessee <\/p>\n
– Montana <\/p>\n
– Connecticut<\/p>\n
– New York<\/p>\n","protected":false},"excerpt":{"rendered":"
This document of BUS 434 Week 1 Quiz shows the solutions to the following problems: 1. All but which one of the following conditions will influence jobs and job-related opportunities in the future? Student Answer: – rapid economic growth – Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-68125","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/68125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=68125"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/68125\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=68125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=68125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=68125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}