Many nonunion companies offer higher compensation than they would if unions were nonexistent. What is this phenomenon called?
A) progressive compensation
B) the spillover effect
C) concessionary bargaining
D) inter-industry compensation differentials
Question 2Chrysler, General Motors, and Ford have departed from which of the following bargaining patterns as they seek to secure higher hourly pay rates for automobile workers?
A) guarded
B) concessionary
C) heightened
D) compensationary
Question 3Jing is considering whether to take a job placement in Los Angeles, California or Mobile, Alabama. Before deciding, she is interested in understanding the cost-of-living differences between both places.
Jing will consult a ________ comparison calculator to inform her decision.
FIll in the blank with correct word.
Question 4In San Francisco, the typical pay in the installation, maintenance, and repair occupation exceeded the national average by 44 percent. In Johnstown, Pennsylvania, the rate was 9 percent less than the national average. What do these statistics represent?
A) capital intensity effects
B) pay rate differentials
C) interindustry wage differentials
D) relative pay differentials
Question 5When considering cost-of-living differences between locations, which type of costs stand out?
A) housing
B) education
C) health care
D) food and energy
Question 6In which important way are relative pay and pay rate differentials consistent?
A) magnitude
B) direction
C) absolute value
D) direction and absolute value
Question 7A common, but mistaken assumption, is that high demand for workers applies only to which kind of jobs?
A) medical doctors
B) low-skilled jobs
C) highly skilled jobs
D) information security analysts
Question 8What decision did Wal-Mart make due to the difficulty of hiring well-qualified workers, since the unemployment rate has declined?
A) Wal-Mart has increased advertising to inform the public that it is a good place to work.
B) Wal-Mart introduced incentive pay to augment base pay.
C) Wal-Mart decided to offer employees health insurance.
D) Wal-Mart substantially increased its starting pay rate.
Question 9Why do pay rate differentials not fully match relative pay differentials?
A) Pay relative differential measures control for the influence of various variables, and pay rate differentials do not.
B) Pay rate differential measures control for the influence of various variables, and relative pay differentials do not.
C) It is difficult to determine the reason for these measures not fully matching.
D) The Fair Labor Standards Act of 1938 (FLSA) minimum wage provision influences relative pay differentials.
Quick Reply
