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BA361 quiz 5




Question;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#53385 | Written in 18-Jul-2015

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