Exam 12: Pay for Performance and Financial Incentives
Exam 1: Introduction to Human Resource Management110 Questions
Exam 2: Equal Opportunity and the Law110 Questions
Exam 3: Human Resource Management Strategy and Analysis110 Questions
Exam 4: Job Analysis and the Talent Management Process110 Questions
Exam 5: Personnel Planning and Recruiting110 Questions
Exam 6: Employee Testing and Selection110 Questions
Exam 7: Interviewing Candidates110 Questions
Exam 8: Training and Developing Employees110 Questions
Exam 9: Performance Management and Appraisal110 Questions
Exam 10: Employee Retention, Engagement, and Careers110 Questions
Exam 11: Establishing Strategic Pay Plans110 Questions
Exam 12: Pay for Performance and Financial Incentives110 Questions
Exam 13: Benefits and Services110 Questions
Exam 14: Building Positive Employee Relations110 Questions
Exam 15: Labor Relations and Collective Bargaining110 Questions
Exam 16: Safety, Health, and Risk Management110 Questions
Exam 17: Managing Global Human Resources110 Questions
Exam 18: Managing Human Resources in Small and Entrepreneurial Firms110 Questions
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What percentage of employers track sales performance using spreadsheets?
(Multiple Choice)
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With a standard hour plan, employers do not need to recalculate piece rates when changes are made to the hourly pay rate.
(True/False)
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In ________, employees agree to put some portion of their normal pay at risk if they don't meet their goals, in return for a much larger bonus if they exceed their goals.
(Multiple Choice)
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Which of the following is NOT a basic tenet of behavior modification?
(Multiple Choice)
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In Herzberg's Hygiene-Motivator theory, working conditions are motivator factors, and challenging assignments are hygiene factors.
(True/False)
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Employees at GameTime Software participate in a gainsharing plan. Employee bonuses are calculated by dividing payroll expenses by total sales. GameTime Software most likely uses which of the following plans?
(Multiple Choice)
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Dual-career ladders are effective tools for managing the professional pay of working mothers who desire a work-life balance.
(True/False)
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Elaine, the HR manager at Western Enterprises, will get stock distributed to her from a trust when she retires. This is known as a(n):
(Multiple Choice)
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Using a straight salary to compensate salespeople is most likely ineffective because it ________.
(Multiple Choice)
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You are the manager of large used car retailer, and sales are sluggish. What incentive plan would be best for motivating your sales team?
(Essay)
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Behavior modification is based on the idea that people will repeat behavior for which they are punished.
(True/False)
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The standard hour plan is like the piece rate plan except instead of getting a rate per piece, the employee gets a premium equal to the percent by which his or her performance exceeds the standard.
(True/False)
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What type of pay plan is being used when workers are paid a sum for each unit they produce?
(Multiple Choice)
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Cash, stock, stock options, stock appreciation rights, and phantom stock are known as "golden handcuffs" because they are long-term incentives for executives.
(True/False)
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According to Herzberg's Hygiene-Motivator theory, which of the following factors will most likely satisfy employees' higher-level needs?
(Multiple Choice)
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According to Herzberg's motivation theory, good working conditions will prevent dissatisfaction but will not lead to feelings of satisfaction.
(True/False)
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Behavior modification principles can be useful to managers who seek to change employee behavior through rewards or punishments linked to performance.
(True/False)
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Most firms link employees' pay to performance because financial incentives are extremely successful at motivating employees to perform above required standards.
(True/False)
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Lump sum merit increases can be a more significant motivator than traditional merit pay because the amount seems greater when received all at once.
(True/False)
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