Question 1

According to the FLSA, merit pay can only be given to exempt, nonmanagement employees at a company.

Accepted Answer

A) True 
 B)False

Question 2

The Scanlon plan is an early version of a ________ plan, an incentive plan that engages employees in a common effort to achieve productivity objectives.

Accepted Answer

A) performance achievement 
B) golden parachute 
C) gainsharing 
D) variable pay 
A) performance achievement 
B) golden parachute 
C) gainsharing 
D) variable pay

Question 3

Studies suggest that ESOPs probably do lead to increases in employee:

Accepted Answer

A) performance 
B) sense of ownership 
C) motivation 
D) helping behaviors 
A) performance 
B) sense of ownership 
C) motivation 
D) helping behaviors

Question 4

Gainsharing is an incentive plan where employee efforts that result in cost-savings gains are shared among employees and the company.

Accepted Answer

A) True 
 B)False

Question 5

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 
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 
D) encourage transparency within global organizations

Question 6

Research suggests that employee stock ownership plans discourage employees from developing a sense of ownership in and commitment to the firm, which is why the programs are decreasing in popularity.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following terms refers to financial rewards paid to workers whose production exceeds some predetermined standard?

Accepted Answer

A) indirect financial payments 
B) merit payments 
C) hardship allowances 
D) financial incentives 
A) indirect financial payments 
B) merit payments 
C) hardship allowances 
D) financial incentives

Question 8

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 9

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

Question 10

Golden parachutes are large payments companies make to executives in connection with a change in company ownership or control.

Accepted Answer

A) True 
 B)False

Question 11

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 12

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

Accepted Answer

Piecework incentive plans have several a

Question 13

Tyler Oil offers a profit-sharing plan to its employees. Each year, Tyler Oil distributes total annual profits less taxes among employees based on employee merit ratings. Which of the following is most likely used by Tyler Oil?

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 14

The Scanlon plan is a type of gainsharing plan.

Accepted Answer

A) True 
 B)False

Question 15

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 16

All merit raises become part of an employee's base salary.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is NOT a type of gainsharing plan?

Accepted Answer

A) Improshare 
B) Lincoln 
C) Rucker 
D) Roth 
A) Improshare 
B) Lincoln 
C) Rucker 
D) Roth

Question 18

In which of the following do workers receive a basic hourly rate plus a premium equal to the percent by which their performance exceeds the standard?

Accepted Answer

A) variable pay 
B) straight piecework 
C) standard hour plan 
D) standard piecework 
A) variable pay 
B) straight piecework 
C) standard hour plan 
D) standard piecework

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

Studies suggest that team incentive plans enhance productivity because the work load is equally distributed among team members, which fosters cooperation.

Accepted Answer

A) True 
 B)False

According to the FLSA, merit pay can only be given to exempt, nonmanagement employees at a company.

The Scanlon plan is an early version of a ________ plan, an incentive plan that engages employees in a common effort to achieve productivity objectives.

Studies suggest that ESOPs probably do lead to increases in employee:

Gainsharing is an incentive plan where employee efforts that result in cost-savings gains are shared among employees and the company.

Research indicates that employee stock ownership plans most likely ________.

Research suggests that employee stock ownership plans discourage employees from developing a sense of ownership in and commitment to the firm, which is why the programs are decreasing in popularity.

Which of the following terms refers to financial rewards paid to workers whose production exceeds some predetermined standard?

Gainsharing is an incentive plan that ________.

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

Golden parachutes are large payments companies make to executives in connection with a change in company ownership or control.

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

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

Tyler Oil offers a profit-sharing plan to its employees. Each year, Tyler Oil distributes total annual profits less taxes among employees based on employee merit ratings. Which of the following is most likely used by Tyler Oil?

The Scanlon plan is a type of gainsharing plan.

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

All merit raises become part of an employee's base salary.

Which of the following is NOT a type of gainsharing plan?

In which of the following do workers receive a basic hourly rate plus a premium equal to the percent by which their performance exceeds the standard?

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

Studies suggest that team incentive plans enhance productivity because the work load is equally distributed among team members, which fosters cooperation.

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

Building Positive Employee Relations

Labor Relations and Collective Bargaining

Safety, Health, and Risk Management

Managing Global Human Resources

Managing Human Resources in Small and Entrepreneurial Firms

Filters

Exam 12: Pay for Performance and Financial Incentives

According to the FLSA, merit pay can only be given to exempt, nonmanagement employees at a company.

The Scanlon plan is an early version of a ________ plan, an incentive plan that engages employees in a common effort to achieve productivity objectives.

Studies suggest that ESOPs probably do lead to increases in employee:

Gainsharing is an incentive plan where employee efforts that result in cost-savings gains are shared among employees and the company.

Research indicates that employee stock ownership plans most likely ________.

Research suggests that employee stock ownership plans discourage employees from developing a sense of ownership in and commitment to the firm, which is why the programs are decreasing in popularity.

Which of the following terms refers to financial rewards paid to workers whose production exceeds some predetermined standard?

Gainsharing is an incentive plan that ________.

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

Golden parachutes are large payments companies make to executives in connection with a change in company ownership or control.

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

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

Tyler Oil offers a profit-sharing plan to its employees. Each year, Tyler Oil distributes total annual profits less taxes among employees based on employee merit ratings. Which of the following is most likely used by Tyler Oil?

The Scanlon plan is a type of gainsharing plan.

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

All merit raises become part of an employee's base salary.

Which of the following is NOT a type of gainsharing plan?

In which of the following do workers receive a basic hourly rate plus a premium equal to the percent by which their performance exceeds the standard?

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

Studies suggest that team incentive plans enhance productivity because the work load is equally distributed among team members, which fosters cooperation.

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

Building Positive Employee Relations

Labor Relations and Collective Bargaining

Safety, Health, and Risk Management

Managing Global Human Resources

Managing Human Resources in Small and Entrepreneurial Firms

Filters