29 May Question Managing the system
Question
Managing the system
| 1. Which of the following employees would be covered under the Fair Labor Standards Act? | ||||
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| 2. The following information was taken from the Wyatt Cabinet Company payroll database: Number of employees: 100 Average annual cash compensation: $20,000 Average annual benefit cost: $10,000 Using the simple labor cost model, determine the annual labor cost for Wyatt Cabinet Company. 586 |
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| 3. Paula is an employee who is moving from the United States to Argentina for her job. Her employer is using the balance sheet approach to determine her new base salary in Argentina. If Paula currently earns $50,000 per year and the cost of living in Argentina is 5% higher than in the United States, then how much should her employer pay her? (Assume that taxes are the same and there will be no relocation bonus.) 5 % of 50,000= 2500 | ||||
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| 4. Ronald is a CEO of a major corporation that produced some fraudulent documents to increase the value of the company’s stock. Once the stock price was high, Ronald sold all of his shares. Once the fraudulent documents were uncovered, the stock price quickly declined. Which law is Ronald in violation of? 550 | ||||
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| 5. The following is a list of shipping clerks and their hourly wages: Bernard: $15 Samuel: $12 Barbara: $12 Jessica: $15 The salary range midpoint for shipping clerks is $13.50. Use this information to determine the compa-ratio. 599 15/13.50=1.11111111 |
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| 6. The Baer Corporation hasn’t been doing well due to the economy. Due to this decrease in performance, the employee stock options have lost their value. The Compensation Manager is trying to explain to the employees why this is occurring, but they have expectations of high returns on their options because the company has never seen hard financial times. Which of the following is this an example of? 607 | ||||
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| 7. Which of the following is an example of a violation of Title VII of the Civil Rights Act of 1964? 550 | ||||
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| 8. The following information was taken from the Wyatt Cabinet Company payroll database: Annual labor cost: $10 million Turnover rate: 20% Planned average payroll increase: 5% Using this information, calculate the turnover effect. Page 588 .20*.05=0.01*10,000,000=100,000 |
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