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BA361 quiz 5




Question 1. 1.Gainsharing plans are designed to increase employee job satisfaction and improve customer awareness.;(Points: 2);True;False;Question 2. 2.Incentive plans can create an organizational environment of "shared commitment" since individuals contribute to organizational success.;(Points: 2);True;False;Question 3. 3.Expectancy theory predicts that people expect to be paid as much or more than individuals in a similar job class.;(Points: 2);True;False;Question 4. 4.Management must be careful to ensure that incentive payments are viewed as both a reward and an entitlement.;(Points: 2);True;False;Question 5. 5.Rewarding an employee's past performance is not a goal of strategic compensation policy.;(Points: 2);True;False;Question 6. 6.The expectancy theory of motivation predicts that one's level of motivation depends on the attractiveness of the rewards sought by employees and the probability of obtaining those rewards.;(Points: 2);True;False;Question 7. 7.Incentive plans may fail because employees have little ability to affect performance standards.;(Points: 2);True;False;Question 8. 8.Pay-for-performance plans have little to no effect on employee productivity. (Points: 2);True;False;Question 9. 9.Employees who earn pay for hourly work are referred to as salary earners;(Points: 2);True;False;Question 10. 10.Differential piece rate plans guarantee employees at least a base pay;(Points: 2);True;False;Question 11. 11.The idea behind the Scanlon Plan is that employees should not only offer ideas to improve productivity, but should also be rewarded for those ideas.;(Points: 2);True;False;Question 12. 12.Which of the following is an example of a nonfinancial compensation?;(Points: 2);bonuses;commissions;health insurance;employee recognition programs;Question 13. 13.Pay-for-performance programs;(Points: 2);are easy to implement and measure;tie rewards to firm profitability;tie rewards to employee effort;result in negligible increases in output;Question 14. 14.Group incentive plans include;(Points: 2);Standard hour plan;Improshare;Stock options;Sales incentives;Question 15. 15.Which of the following is NOT an advantage of an incentive pay program?;(Points: 2);Incentives focus employee efforts on specific performance targets.;Incentives are a way to increase equity and justice in an organization.;Incentive payouts are fixed costs linked to the achievement of results.;Incentives are a means to reward or attract top performers when salary budgets are low.;Question 16. 16._____ includes employee recognition programs, rewarding jobs, organizational support, work environment, and flexible work hours to accommodate personal needs.;(Points: 2);financial compensation;non-financial compensation;direct compensation;indirect compensation;Question 17. 17.Employees covered by the overtime provisions of the Fair Labor Standards Act are labeled;(Points: 2);protected workers.;nonexempt employees.;salaried workers.;exempt employees.;Question 18. 18.The exempt or nonexempt status of employees is determined by;(Points: 2);the National Labor Relations Board.;the Secretary of Labor.;the Office of Programs and Budgets.;the U. S. Department of Labor.;Question 19. 19.;Advantages of ESOPs include all of the following except;(Points: 2);employers are able to provide retirement benefits to employees at a relatively low cost;the employees' pensions are less vulnerable due to diversification.;ESOPs can increase employees' pride of ownership.;ESOPs can provide an incentive for employees to increase productivity.;individual rate pay;Question 20. 20.The term pay-for-performance can encompass all of the following except;(Points: 2);merit pay;base salary;cash bonuses;gainsharing plans;Question 21. 21.Discuss some of the common goals of a strategic compensation policy.;(Points: 5);Question 22. 22.;What are the pros and cons of high executive pay?;(Points: 5)


Paper#23140 | Written in 18-Jul-2015

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