Bus 405 Wk 6 Quiz 5 Chapter 7

BUS 405 WK 6 Quiz 5 Chapter 7

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TRUE/FALSE

1. The majority of private sector union contracts do not contain a cost-of-living adjustment (COLA) clause.

2. The majority of private sector employees participate in a profit sharing plan.

3. Most unions consider gain sharing plans as an adequate substitute for traditional negotiated hourly wage gains.

4. The global economy of today has made it easier for employers to pass labor cost increases on to consumers by raising product or service prices.

5. Skill-based pay sets the wage rate according to a job's title (type).

6. Wages and other economic benefits represent income to employees, costs to an employer, and a basis for tax revenue to the government.

7. The majority of private sector union contracts contain a two-tier pay plan.

8. Union leaders favor job evaluation more than managers for use in designing the wage structure.

9. If a union wishes to encourage solidarity within its membership at a particular firm, it should not negotiate for a two-tier pay plan.

10. Labor market wage surveys are not used to ensure that a firm's wage structure is externally equitable.

11. Wage comparability is a fairly easy concept to apply to set wage rates for different jobs.

12. The monetary value of employee benefits provided by unionized employers exceeds the value of employee benefits provided by nonunion employers.

13. A Scanlon plan, Rucker plan, and Improshare plan are all examples of gain sharing plans.

14. Supplemental unemployment benefits (SUB) are payments made by the federal government to unemployed workers during a layoff.

15. A higher degree of labor intensiveness increases management negotiators' resistance to bargaining proposals designed to increase wage rates.

16. Most labor agreements specify daily or weekly work schedules and most provide premium pay for hours worked beyond the...