Troubled Asset Relief Program is a U.S. government program that ______ of troubled companies with the goal of stabilizing the U.S. economy.
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Correct Answer:
Purchased financial assets
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Simplified employee pensions allows a small business or self-employed individual to contribute a percentage of salary, tax free, to a retirement account.
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Correct Answer:
True
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Sarbanes-Oxley Act is a U.S. law that ______ independence and reporting standards to better protect investors from fraudulent accounting activities.
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Correct Answer:
Increased accounting and finance
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The primary purpose of retention awards is to celebrate the specific performance achievements of individuals by ______.
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Correct Answer:
Publicly rewarding them.
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Celebrating the specific performance achievements of individuals or groups by publicly rewarding them is the purpose of _________.
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Correct Answer:
Recognition awards
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Positive feedback remarks made by a ________ to a direct report concerning observed performance and designed to reinforce efforts leading to high performance.
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Correct Answer:
Manager
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Perquisites are frequently used as performance rewards for other workers.
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Correct Answer:
True
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A formal organizational process where managers and employees identify and discuss performance goals and standards is known as _____ .
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Correct Answer:
Performance planning
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The observation of workplace performance by a manager or team leader is known as _______ .
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Correct Answer:
Performance observation
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Performance management is broader than performance appraisal because it focuses on planning for performance
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Correct Answer:
True
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An agreed-upon performance standard by a manager and employee during the performance planning process is known as ______.
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Correct Answer:
Performance contract
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A retirement plan in which either the retiree receives a defined sum of money paid at a regular interval.
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Correct Answer:
True
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An organization’s use of an outside group to provide services—from a few services. This statement is related to _____ .
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Correct Answer:
Outsourcing
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OFCCP focuses on ensuring that organizations contracting with the federal government are in compliance with the relevant nondiscrimination laws and regulations.
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Correct Answer:
True
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Which of the correct statements about Nonexempt workers ?
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Correct Answer:
Subject to the requirements of the Fair Labor Standards Act. Employers of nonexempt employees must pay them at least minimum wage.
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Market benchmarking is a compensation practice designed to provide labor market rates for jobs in an organization.
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Correct Answer:
True
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Job evaluation is a rating or ranking system designed to create an _______ of job value.
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Correct Answer:
Internal hierarchy
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A type of retirement account that allows individuals to invest for retirement while providing tax benefits to investors is known as _____.
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Correct Answer:
Individual retirement account
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A performance tool that helps facilitate employee performance and development to reach both short-term and long-term performance goals is known as ______ .
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Correct Answer:
Individual development plan
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Incentive pay provided for some performance achievement. Unlike merit pay .
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Correct Answer:
True
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A work motivation theory with the fundamental tenet that goals and intentions are responsible for human behavior on the job is known as ______ .
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Correct Answer:
Goal-setting theory
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Employee benefit plans that allow the employee to choose the benefits they want from a set of benefits provided by an employer is known as ______ .
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Correct Answer:
Flexible benefit plans
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A federal payroll tax that funds Medicare and Social Security.this act is known as _____ .
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Correct Answer:
Federal Insurance Contributions Act
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Fair Labor Standards Act passed in ______ .
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Correct Answer:
1938
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Exempt workers is Not subject to the provisions of the Fair Labor Standards Act.
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Correct Answer:
True
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Equity Theory based on the perceived fairness of the employee–employer exchange.
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Correct Answer:
True
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Employee Retirement Income Security Act passed in
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Correct Answer:
1974
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Dodd-Frank Wall Street Reform and Consumer Protection Act passed in ______.
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Correct Answer:
2010
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_______ is the employee whose job performance is being evaluated.
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Correct Answer:
Direct report
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Direct deposit is the electronic transfer (or deposit) of a _______ into an employee’s bank account instead of issuing a paper check.
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Correct Answer:
Payment directly
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Corrective feedback purpose is to solve any performance problem and _______ .
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Correct Answer:
Increase performance level
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Consolidated Omnibus Budget Reduction Act passed in ______ .
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Correct Answer:
1985
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Base pay for some workers is stated in terms of pay per hour; for others, it is stated in terms of annual pay.
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Correct Answer:
True
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Attraction awards one-time rewards used to attract prospective employees or to persuade _______ to remain with the organization.
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Correct Answer:
Existing employees
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360° appraisals is an system in which employee performance is rated by managers, peers, subordinates, and (possibly) outsiders and the employee as well.
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Correct Answer:
True
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