Question: Need help checking over which is the wrong answer Yellow circle rates are pay rates below the minimum rate for a job or pay range

Need help checking over which is the wrong answer Yellow circle ratesare pay rates below the minimum rate for a job or pay

Need help checking over which is the wrong answer

Yellow circle rates are pay rates below the minimum rate for a job or pay range for a scale. True False QUESTION 2 When employees are paid more than the maximum of their pay grade, these rates are called red circle rates blue circle rates green triangle rates yellow circle rates QUESTION 3 The recognizes the fact that when people leave an organization, they typically are replaced by employees who earn a lower wage. productivity effect morale effect turnover effect conflict effect QUESTION 4 includes average salary level plus variable compensation such as bonus, gain shairng, stock plans, and/or profit sharing. Planned pay-level rise Pay median Average cash compensation Average total compensation QUESTION 5 Geographic differentials are local conditions that employees in a specific geographic area encounter, such as labor shortages and differences in housing costs. True False QUESTION 6 occurs when top management determines the amount of money to be spent on pay and allocates it down to each subunit for the plan year. Managerial plan Bottom-up budgeting Top-down budgeting Executive estimate budgeting The percentage increase in average pay that is expected for an organizational unit or company is called a bottom-up budget a planned pay-level rise a decentralized budget the current year's rise QUESTION 8 The marketing approach of communication tends to focus on explaining practices, details, and the way pay is determined. True False QUESTION 9 Which of the following are factors to control in order to manage labor costs in a simple labor cost model? (select all that apply) Communication Employment Average cash compensation Average benefit costs QUESTION 10 A compa-ratio reflects the relationship of the average actual salary in each range to the midpoint of the range rate paid for satisfactory performance relationship of actual salaries to the midpoint of the going rates in the market maximum value of red circle rates QUESTION 11 A management strategy of giving separate organization units the responsibility to design and administer their own compensation systems is known as a decentralized strategy the best approach to design rarely done in today's organizations known as a centralized strategy QUESTION 12 Bottom up budgeting includes which of the following? (select all that apply) Recieve most directives from top management. Monitor budgeted vs. actual increases. Conduct feedback with management. Distribute forecasting instructions and worksheets. Instruct managers in compensation policies and techniques

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