Question

1) Which of the following was enacted in 1931 for the purpose of setting wage rates for laborers and mechanics employed by contractors working for the federal government?

A) Walsh-Healey Public Contract

B) Fair Labor Standards Act

C) Fair Wages Act

D) Civil Rights Act

E) Davis-Bacon Act

2) Which of the following terms refers to the ownership employees build up in their pension plans should their employment with a firm end prior to retirement?

A) portability

B) equity

C) vesting

D) shares

E) stocks

3) Which of the following terms refers to a systematic comparison done in order to determine the worth of one job relative to another?

A) job rotation

B) job analysis

C) job evaluation

D) job description

E) job classification

Answer 1

1. Option E is the answer.

• Davis - Bacon Act.
• Davis-Bacon Act was enacted in 1931 for the purpose of setting wage rates for labourers and mechanics employed by the contractors working for the federal government. This act ensured that the contractors and subcontractors are paying their workers with a wage not less than the locally existing wage and their needed support and other benefits are also provided. Thus, it ensures wage protection of the workers.

2. Option C is the answer.

• Vesting.
• The term vesting refers to the ownership employees build up in their pension plans should their employment with a firm end prior to retirement . Vesting is a term related to pension plans and usually shows the pension plans given by an employer to his employees. This pension may vary depending on the number of years of service, contributions by the employee to the firm, etc and relative to these factors, the employer may add contributions to the plan.

3. Option C is the answer.

• Job evaluation.
• Job evaluation refers to a systematic comparison done in order to determine the worth of one job relative to another. Job evaluation is the rating of jobs in comparison with other jobs and it evaluates the worth of one job. Job evaluation include both non-anaytical and analytical methods.