HRM531 HRM/531 Week 2 Quiz (21/21). 1-__________ is not legally required, and, because of unemployment compensation, many firms do not offer it. 2- At a comprehensive point of view, a(n) _____ includes anything an employee values and desires that an employer is able and willing to offer in exchange for employee contributions. 3- One strategic issue that should influence the design of benefits is an organizationÂ’s 4- ______________cover 128 million workers in the United States. 5- What is driving the increasing costs of healthcare? 6- Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans that have 1-year service? 7- Narrowing pay ratios between jobs or pay grades in a firmÂ’s pay structure is 8- One downside of team incentives is that 9- In labor economics, __________________ theory holds that unless an employee can produce a value equal to the value received in wages, it will not be worthwhile to hire that worker. 10- Gain sharing plans consist of all EXCEPT which of the following elements: 11- The type of private pension plan in which an employer promises to pay a retiree a stated pension is a 12- The gatekeeper in a managed care health insurance plan is the 13- Evidence indicates that the perceived value of benefits rises when employers introduce 14- Which of the following laws established the first national minimum wage? 15- In the United States, salary discussions among employees are protected under 16- _______________ provides a supplemental, one-time payment when death is accidental, and it provides a range of benefits when employees become disabledÂ—that is, when they cannot perform the main functions of their occupations. 17- Open pay systems tend to work best when 18- Which of the following is NOT another name for gain sharing? 19- The SarbanesÂ–Oxley Act of 2002 requires that 20- Reviews of both laboratory and field tests of _____________ are quite consistent. Individuals tend to follow a norm of fairness and to use it as a basis for distributing rewards. 21- ___________ bridge the gap between organizational objectives and individual expectations and aspirations.