Question 1

Research indicates that employee stock ownership plans most likely ________.

Accepted Answer

A) encourage employees to retire too early 
B) place firms at greater risk for employee lawsuits 
C) increase employee commitment and motivation 
D) encourage transparency within global organizations 
A) encourage employees to retire too early 
B) place firms at greater risk for employee lawsuits 
C) increase employee commitment and motivation 
D) encourage transparency within global organizations

Question 2

Gainsharing is an incentive plan that ________.

Accepted Answer

A) uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement 
B) engages employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company 
C) contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees 
D) provides tax advantages for employees by deferring income taxes, often until the employee retires 
A) uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement 
B) engages employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company 
C) contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees 
D) provides tax advantages for employees by deferring income taxes, often until the employee retires

Question 3

List the basic steps in implementing a gainsharing plan.

Accepted Answer

The steps are as follows.
•Establish gen

Question 4

Enterprise incentive management systems enable firms to ________.

Accepted Answer

A) compare corporate incentive programs 
B) accurately calculate sales commissions 
C) efficiently administer employee incentive programs 
D) create a matrix of merit awards and incentive options 
A) compare corporate incentive programs 
B) accurately calculate sales commissions 
C) efficiently administer employee incentive programs 
D) create a matrix of merit awards and incentive options

Question 5

Explain the advantages and disadvantages of using piecework as a pay plan?

Accepted Answer

Piecework plans appear equitable in prin

Question 6

Dual-career ladders are effective tools for managing the professional pay of working mothers who desire a work-life balance.

Accepted Answer

A) True 
 B)False

Question 7

A management approach based on improving work methods through observation and analysis is known as ________.

Accepted Answer

A) strategic management 
B) scientific management 
C) management by objectives 
D) performance management 
A) strategic management 
B) scientific management 
C) management by objectives 
D) performance management

Question 8

Vroom's expectancy theory observes that people will not pursue rewards that they find unattractive or where their chances of success are very low.

Accepted Answer

A) True 
 B)False

Question 9

With a standard hour plan,employers do not need to recalculate piece rates when changes are made to the hourly pay rate.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following was shown by the Harvard Business School to have the greatest impact on employee engagement?

Accepted Answer

A) feedback 
B) job design 
C) responsibility 
D) challenging work 
A) feedback 
B) job design 
C) responsibility 
D) challenging work

Question 11

Which profit-sharing plan provides tax advantages for employees by postponing income taxes,often until the employee retires?

Accepted Answer

A) cash plan 
B) Lincoln incentive system 
C) deferred profit-sharing plan 
D) employee stock ownership plan 
A) cash plan 
B) Lincoln incentive system 
C) deferred profit-sharing plan 
D) employee stock ownership plan

Question 12

You are the manager of large used car retailer,and sales are sluggish.What incentive plan would be best for motivating your sales team? What steps should you take to ensure that your incentive plan is effective?

Accepted Answer

Most companies pay salespeople a combina

Question 13

How does merit pay differ from a bonus?

Accepted Answer

A) Merit pay becomes part of an employee's base pay, but a bonus does not. 
B) A bonus becomes part of an employee's base pay, but merit pay does not. 
C) Merit pay is linked to individual performance, while a bonus is linked to profits. 
D) A bonus is linked to individual performance, while merit pay is linked to profits. 
A) Merit pay becomes part of an employee's base pay, but a bonus does not. 
B) A bonus becomes part of an employee's base pay, but merit pay does not. 
C) Merit pay is linked to individual performance, while a bonus is linked to profits. 
D) A bonus is linked to individual performance, while merit pay is linked to profits.

Question 14

Which of the following is the primary benefit of employee stock ownership plans?

Accepted Answer

A) Firms are able to implement the plans with minimal costs and complications. 
B) Firms pay distribution taxes for employees prior to retirement. 
C) Firms may borrow against employee stock held in trust. 
D) Employees are able to diversify their investments. 
A) Firms are able to implement the plans with minimal costs and complications. 
B) Firms pay distribution taxes for employees prior to retirement. 
C) Firms may borrow against employee stock held in trust. 
D) Employees are able to diversify their investments.

Question 15

Which incentive plan is based on a philosophy that managers and employees must cooperate together?

Accepted Answer

A) cash plan 
B) Scanlon plan 
C) deferred profit-sharing plan 
D) employee stock ownership plan 
A) cash plan 
B) Scanlon plan 
C) deferred profit-sharing plan 
D) employee stock ownership plan

Question 16

You are the CEO of Blue Bay Motor Boat Company,a mid-size firm that manufactures speed boats.What incentive plan would you implement for the firm's engineers? What incentive plan would you implement for the firm's managers?

Accepted Answer

Stock options,bonuses,and profit sharing

Question 17

Which of the following is a true statement about Herzberg's Hygiene-Motivator theory?

Accepted Answer

A) Highly motivated workers rely equally on lower-level and higher-level needs. 
B) Assigning workers to teams can eliminate job-associated stress and frustration. 
C) Providing employees with feedback and challenge satisfies their lower-level needs. 
D) Managers can create a self-motivated workforce by providing feedback and recognition. 
A) Highly motivated workers rely equally on lower-level and higher-level needs. 
B) Assigning workers to teams can eliminate job-associated stress and frustration. 
C) Providing employees with feedback and challenge satisfies their lower-level needs. 
D) Managers can create a self-motivated workforce by providing feedback and recognition.

Question 18

In Vroom's theory of motivation,which of the following terms refers to the perceived value a person attaches to a reward?

Accepted Answer

A) valence 
B) instrumentality 
C) expectancy 
D) variable pay 
A) valence 
B) instrumentality 
C) expectancy 
D) variable pay

Question 19

Which of the following terms refers to changing behavior through rewards or punishments that are contingent on performance?

Accepted Answer

A) behavior modification 
B) personal development 
C) instrumentality 
D) internal motivation 
A) behavior modification 
B) personal development 
C) instrumentality 
D) internal motivation

Question 20

Which of the following terms refers to any salary increase the firm awards to an individual employee based on his or her individual performance?

Accepted Answer

A) competency-based pay 
B) variable pay 
C) merit pay 
D) base pay 
A) competency-based pay 
B) variable pay 
C) merit pay 
D) base pay

Research indicates that employee stock ownership plans most likely ________.

Gainsharing is an incentive plan that ________.

List the basic steps in implementing a gainsharing plan.

Enterprise incentive management systems enable firms to ________.

Explain the advantages and disadvantages of using piecework as a pay plan?

Dual-career ladders are effective tools for managing the professional pay of working mothers who desire a work-life balance.

A management approach based on improving work methods through observation and analysis is known as ________.

Vroom's expectancy theory observes that people will not pursue rewards that they find unattractive or where their chances of success are very low.

With a standard hour plan,employers do not need to recalculate piece rates when changes are made to the hourly pay rate.

Which of the following was shown by the Harvard Business School to have the greatest impact on employee engagement?

Which profit-sharing plan provides tax advantages for employees by postponing income taxes,often until the employee retires?

You are the manager of large used car retailer,and sales are sluggish.What incentive plan would be best for motivating your sales team? What steps should you take to ensure that your incentive plan is effective?

How does merit pay differ from a bonus?

Which of the following is the primary benefit of employee stock ownership plans?

Which incentive plan is based on a philosophy that managers and employees must cooperate together?

You are the CEO of Blue Bay Motor Boat Company,a mid-size firm that manufactures speed boats.What incentive plan would you implement for the firm's engineers? What incentive plan would you implement for the firm's managers?

Which of the following is a true statement about Herzberg's Hygiene-Motivator theory?

In Vroom's theory of motivation,which of the following terms refers to the perceived value a person attaches to a reward?

Which of the following terms refers to changing behavior through rewards or punishments that are contingent on performance?

Which of the following terms refers to any salary increase the firm awards to an individual employee based on his or her individual performance?

Introduction to Human Resource Management

Equal Opportunity and the Law

Human Resource Management Strategy and Analysis

Job Analysis and the Talent Management Process

Personnel Planning and Recruiting

Employee Testing and Selection

Interviewing Candidates

Training and Developing Employees

Performance Management and Appraisal

Employee Retention, Engagement, and Careers

Establishing Strategic Pay Plans

Benefits and Services

Ethics and Employee Rights and Discipline

Labor Relations and Collective Bargaining

Employee Safety and Health

Managing Global Human Resources

Managing Human Resources in Entrepreneurial Firms

Filters

Exam 12: Pay for Performance and Financial Incentives

Research indicates that employee stock ownership plans most likely ________.

Gainsharing is an incentive plan that ________.

List the basic steps in implementing a gainsharing plan.

Enterprise incentive management systems enable firms to ________.

Explain the advantages and disadvantages of using piecework as a pay plan?

Dual-career ladders are effective tools for managing the professional pay of working mothers who desire a work-life balance.

A management approach based on improving work methods through observation and analysis is known as ________.

Vroom's expectancy theory observes that people will not pursue rewards that they find unattractive or where their chances of success are very low.

With a standard hour plan,employers do not need to recalculate piece rates when changes are made to the hourly pay rate.

Which of the following was shown by the Harvard Business School to have the greatest impact on employee engagement?

Which profit-sharing plan provides tax advantages for employees by postponing income taxes,often until the employee retires?

You are the manager of large used car retailer,and sales are sluggish.What incentive plan would be best for motivating your sales team? What steps should you take to ensure that your incentive plan is effective?

How does merit pay differ from a bonus?

Which of the following is the primary benefit of employee stock ownership plans?

Which incentive plan is based on a philosophy that managers and employees must cooperate together?

You are the CEO of Blue Bay Motor Boat Company,a mid-size firm that manufactures speed boats.What incentive plan would you implement for the firm's engineers? What incentive plan would you implement for the firm's managers?

Which of the following is a true statement about Herzberg's Hygiene-Motivator theory?

In Vroom's theory of motivation,which of the following terms refers to the perceived value a person attaches to a reward?

Which of the following terms refers to changing behavior through rewards or punishments that are contingent on performance?

Which of the following terms refers to any salary increase the firm awards to an individual employee based on his or her individual performance?

Introduction to Human Resource Management

Equal Opportunity and the Law

Human Resource Management Strategy and Analysis

Job Analysis and the Talent Management Process

Personnel Planning and Recruiting

Employee Testing and Selection

Interviewing Candidates

Training and Developing Employees

Performance Management and Appraisal

Employee Retention, Engagement, and Careers

Establishing Strategic Pay Plans

Benefits and Services

Ethics and Employee Rights and Discipline

Labor Relations and Collective Bargaining

Employee Safety and Health

Managing Global Human Resources

Managing Human Resources in Entrepreneurial Firms

Filters