Question 1

Workers at a t-shirt shop are paid a sum for each t-shirt they produce.Which incentive plan is most likely used by the employer?

Accepted Answer

A) merit pay 
B) piecework 
C) standard hour 
D) variable pay 
A) merit pay 
B) piecework 
C) standard hour 
D) variable pay

Question 2

Employee benefits account for about over one-half of wages and salaries.

Accepted Answer

A) True 
 B)False

Question 3

Gainsharing plans involve putting some portion of an employee's weekly pay at risk for the opportunity to earn incentives if the employee meets or exceeds his or her goals.

Accepted Answer

A) True 
 B)False

Question 4

Most gainsharing plans include all of the following features EXCEPT ________.

Accepted Answer

A) a philosophy of cooperation 
B) a focus on individual achievement 
C) sharing of benefits formula 
D) an involvement system 
A) a philosophy of cooperation 
B) a focus on individual achievement 
C) sharing of benefits formula 
D) an involvement system

Question 5

A straight salary for salespeople is most appropriate when the main tasks involve ________.

Accepted Answer

A) selling technical products 
B) exceeding sales quotas 
C) finding new clients 
D) selling real estate 
A) selling technical products 
B) exceeding sales quotas 
C) finding new clients 
D) selling real estate

Question 6

Ryobi is a large,international power tool manufacturer that develops affordable,high-quality products such as drills,circular saws,and routers for both homeowners and craftspeople.As the company continues to grow,its top executives want to ensure that employees are appropriately paid for their performance and that financial incentives are both fair and effective.Currently,the firm provides merit raises based on performance appraisals;however,executives are considering changing the current incentive plan. Which of the following questions is most relevant to the decision by Ryobi executives to discontinue all merit raises?

Accepted Answer

A) What are the guidelines for implementing a gainsharing plan? 
B) What types of merit raises are effective for high-performing managers? 
C) What organization-wide incentive plans are used by other manufacturing firms? 
D) What is the connection between merit pay increases and employee productivity? 
A) What are the guidelines for implementing a gainsharing plan? 
B) What types of merit raises are effective for high-performing managers? 
C) What organization-wide incentive plans are used by other manufacturing firms? 
D) What is the connection between merit pay increases and employee productivity?

Question 7

A primary benefit of 401(k)plans is that payments made by employees into the plan are pre-tax,so the employee pays no tax on those dollars until after he or she retires or withdraws the money.

Accepted Answer

A) True 
 B)False

Question 8

All of the following are factors that influence an annual bonus EXCEPT ________.

Accepted Answer

A) eligibility 
B) commission 
C) size of the fund 
D) individual performance 
A) eligibility 
B) commission 
C) size of the fund 
D) individual performance

Question 9

What is a disadvantage of straight commission plans?

Accepted Answer

A) Payments are complicated to calculate. 
B) Salespeople spend too much time on servicing. 
C) Salespeople neglect selling hard-to-sell products. 
D) The company's fixed sales costs are proportionately high. 
A) Payments are complicated to calculate. 
B) Salespeople spend too much time on servicing. 
C) Salespeople neglect selling hard-to-sell products. 
D) The company's fixed sales costs are proportionately high.

Question 10

Portability makes it easier for employees who leave a firm prior to retirement to ________.

Accepted Answer

A) switch to defined contribution pension plans 
B) take their pension funds with them 
C) designate a new pension beneficiary 
D) invest their pensions in 401(k)plans 
A) switch to defined contribution pension plans 
B) take their pension funds with them 
C) designate a new pension beneficiary 
D) invest their pensions in 401(k)plans

Question 11

According to research,which of the following has a significant impact on employee engagement?

Accepted Answer

A) performance reviews 
B) variable pay plans 
C) job design 
D) awards 
A) performance reviews 
B) variable pay plans 
C) job design 
D) awards

Question 12

What is the main benefit of paying salespeople a combination of salary and commission?

Accepted Answer

A) limiting the firm's risk of overly high commissions 
B) aligning employee goals and company strategy 
C) providing simple salary administration 
D) clearly linking pay with performance 
A) limiting the firm's risk of overly high commissions 
B) aligning employee goals and company strategy 
C) providing simple salary administration 
D) clearly linking pay with performance

Question 13

Portability makes it easy for employees who leave one firm to work for another firm to take their accumulated pension funds with them.

Accepted Answer

A) True 
 B)False

Question 14

Furman,an automotive parts manufacturer,employs nearly 800 workers in its Dallas,Texas facility.Furman has always offered its employees health and dental insurance as well as legally required benefits such as unemployment insurance and workers' compensation.Furman's top executives are considering the idea of offering employees a flexible benefits plan.Which of the following,if true,best supports the argument that Furman should offer employees a flexible benefits plan?

Accepted Answer

A) Some Furman employees express interest in vision insurance,while other workers never enroll for dental insurance. 
B) Furman outsources its employee benefits program,and employees must file claims with the plan's administrator. 
C) Some Furman employees prefer to build their work days around a core of midday hours rather than work from 9 to 5. 
D) Furman established a pooled paid leave bank to reduce the number of employee absences. 
A) Some Furman employees express interest in vision insurance,while other workers never enroll for dental insurance. 
B) Furman outsources its employee benefits program,and employees must file claims with the plan's administrator. 
C) Some Furman employees prefer to build their work days around a core of midday hours rather than work from 9 to 5. 
D) Furman established a pooled paid leave bank to reduce the number of employee absences.

Question 15

Women affected by pregnancy and childbirth are eligible for the same benefits as disabled employees.

Accepted Answer

A) True 
 B)False

Question 16

Which term refers to the right to purchase a stated number of shares of a company stock at today's price at some time in the future?

Accepted Answer

A) stock option 
B) gainsharing plan 
C) multiplier method 
D) at-risk variable plan 
A) stock option 
B) gainsharing plan 
C) multiplier method 
D) at-risk variable plan

Question 17

Flexible benefits plans enable employees to spend their benefits allowances as they desire and to opt out of certain benefits,such as disability and unemployment insurance.

Accepted Answer

A) True 
 B)False

Question 18

Which condition must be met for an injured employee to receive workers' compensation benefits?

Accepted Answer

A) The injury occurred during an overtime or nighttime shift. 
B) The employee was wearing adequate protection. 
C) The injury was not the fault of the employee. 
D) The employee was injured while on the job. 
A) The injury occurred during an overtime or nighttime shift. 
B) The employee was wearing adequate protection. 
C) The injury was not the fault of the employee. 
D) The employee was injured while on the job.

Question 19

An earnings-at-risk pay plan bases employee pay and bonuses on ________.

Accepted Answer

A) maximizing organizational performance 
B) generating additional long-term sales 
C) engaging in strategic objectives 
D) achieving departmental goals 
A) maximizing organizational performance 
B) generating additional long-term sales 
C) engaging in strategic objectives 
D) achieving departmental goals

Question 20

A manager can best control the cost of unemployment insurance by ________.

Accepted Answer

A) eliminating supplemental pay benefits for part-time employees 
B) documenting the poor performance of dismissed employees 
C) establishing a pooled paid leave plan for workers 
D) investigating all workers' compensation claims 
A) eliminating supplemental pay benefits for part-time employees 
B) documenting the poor performance of dismissed employees 
C) establishing a pooled paid leave plan for workers 
D) investigating all workers' compensation claims

Workers at a t-shirt shop are paid a sum for each t-shirt they produce.Which incentive plan is most likely used by the employer?

Employee benefits account for about over one-half of wages and salaries.

Gainsharing plans involve putting some portion of an employee's weekly pay at risk for the opportunity to earn incentives if the employee meets or exceeds his or her goals.

Most gainsharing plans include all of the following features EXCEPT ________.

A straight salary for salespeople is most appropriate when the main tasks involve ________.

A primary benefit of 401(k)plans is that payments made by employees into the plan are pre-tax,so the employee pays no tax on those dollars until after he or she retires or withdraws the money.

All of the following are factors that influence an annual bonus EXCEPT ________.

What is a disadvantage of straight commission plans?

Portability makes it easier for employees who leave a firm prior to retirement to ________.

According to research,which of the following has a significant impact on employee engagement?

What is the main benefit of paying salespeople a combination of salary and commission?

Portability makes it easy for employees who leave one firm to work for another firm to take their accumulated pension funds with them.

Women affected by pregnancy and childbirth are eligible for the same benefits as disabled employees.

Which term refers to the right to purchase a stated number of shares of a company stock at today's price at some time in the future?

Flexible benefits plans enable employees to spend their benefits allowances as they desire and to opt out of certain benefits,such as disability and unemployment insurance.

Which condition must be met for an injured employee to receive workers' compensation benefits?

An earnings-at-risk pay plan bases employee pay and bonuses on ________.

A manager can best control the cost of unemployment insurance by ________.

Managing Human Resources Today

Managing Equal Opportunity and Diversity

Human Resource Strategy and Analysis

Job Analysis and Talent Management

Personnel Planning and Recruiting

Selecting Employees

Training and Developing Employees

Performance and Talent Management

Managing Careers

Developing Compensation Plans

Maintaining Positive Employee Relations

Labor Relations and Collective Bargaining

Improving Occupational Safety, Health, and Risk Management

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Exam 11: Pay for Performance and Employee Benefits

Workers at a t-shirt shop are paid a sum for each t-shirt they produce.Which incentive plan is most likely used by the employer?

Employee benefits account for about over one-half of wages and salaries.

Gainsharing plans involve putting some portion of an employee's weekly pay at risk for the opportunity to earn incentives if the employee meets or exceeds his or her goals.

Most gainsharing plans include all of the following features EXCEPT ________.

A straight salary for salespeople is most appropriate when the main tasks involve ________.

A primary benefit of 401(k)plans is that payments made by employees into the plan are pre-tax,so the employee pays no tax on those dollars until after he or she retires or withdraws the money.

All of the following are factors that influence an annual bonus EXCEPT ________.

What is a disadvantage of straight commission plans?

Portability makes it easier for employees who leave a firm prior to retirement to ________.

According to research,which of the following has a significant impact on employee engagement?

What is the main benefit of paying salespeople a combination of salary and commission?

Portability makes it easy for employees who leave one firm to work for another firm to take their accumulated pension funds with them.

Women affected by pregnancy and childbirth are eligible for the same benefits as disabled employees.

Which term refers to the right to purchase a stated number of shares of a company stock at today's price at some time in the future?

Flexible benefits plans enable employees to spend their benefits allowances as they desire and to opt out of certain benefits,such as disability and unemployment insurance.

Which condition must be met for an injured employee to receive workers' compensation benefits?

An earnings-at-risk pay plan bases employee pay and bonuses on ________.

A manager can best control the cost of unemployment insurance by ________.

Managing Human Resources Today

Managing Equal Opportunity and Diversity

Human Resource Strategy and Analysis

Job Analysis and Talent Management

Personnel Planning and Recruiting

Selecting Employees

Training and Developing Employees

Performance and Talent Management

Managing Careers

Developing Compensation Plans

Maintaining Positive Employee Relations

Labor Relations and Collective Bargaining

Improving Occupational Safety, Health, and Risk Management

Filters