Question 1

Identify and briefly define each of the three types of employee stock plans.

Accepted Answer

An employee stock plan is any type of pl

Question 2

All things being equal,goal sharing programs are thought to be less motivational than gain sharing programs.

Accepted Answer

A) True 
 B)False

Question 3

Your instructor has offered class members bonus marks for volunteering as campus tour guides. This is referred to as which type of performance pay plan?

Accepted Answer

A)  Goal sharing 
B)  Merit 
C)  Special-purpose incentive 
D)  Commission 
A)  Goal sharing 
B)  Merit 
C)  Special-purpose incentive 
D)  Commission

Question 4

The three main types of employee stock plans are: stock bonus plans,stock purchase plans and stock option plans.

Accepted Answer

A) True 
 B)False

Question 5

In what way is piece rates and commissions similar to each other?

Accepted Answer

A)  Employees don't have to worry about working themselves out of a job. 
B)  They reduce the need for external control of employees through supervision. 
C)  Both types are commonly used in conjunction with base pay. 
D)  Both are popular systems widely used in the service sector. 
A)  Employees don't have to worry about working themselves out of a job. 
B)  They reduce the need for external control of employees through supervision. 
C)  Both types are commonly used in conjunction with base pay. 
D)  Both are popular systems widely used in the service sector.

Question 6

From an employee's perspective,why are merit bonuses seen as less valuable than merit raises?

Accepted Answer

A)  Employees have little confidence in the results of performance appraisal. 
B)  Bonuses can cause poor relations with supervisors and coworkers. 
C)  Bonuses are given in lump sum payments and apply only for one year. 
D)  Bonuses are not suited for work that depends on collaboration and cooperation. 
A)  Employees have little confidence in the results of performance appraisal. 
B)  Bonuses can cause poor relations with supervisors and coworkers. 
C)  Bonuses are given in lump sum payments and apply only for one year. 
D)  Bonuses are not suited for work that depends on collaboration and cooperation.

Question 7

Merit bonuses represent a permanent increase to base pay.

Accepted Answer

A) True 
 B)False

Question 8

Identify and briefly explain the nature of individual performance pay plans.

Accepted Answer

Individual performance pay plans - piece

Question 9

Explain the difference between goal sharing and gain sharing plans.

Accepted Answer

The core of goal sharing is that work gr

Question 10

What is the most common form of performance pay used by medium to large Canadian firms?

Accepted Answer

A)  Merit raises 
B)  Profit sharing 
C)  Merit bonuses 
D)  Commissions 
A)  Merit raises 
B)  Profit sharing 
C)  Merit bonuses 
D)  Commissions

Question 11

For employees,what is the main concern with a stock plan?

Accepted Answer

A)  Stock plans are difficult to understand. 
B)  There are too many variations on their execution. 
C)  They pose too much of a tax burden. 
D)  Share value is unpredictable. 
A)  Stock plans are difficult to understand. 
B)  There are too many variations on their execution. 
C)  They pose too much of a tax burden. 
D)  Share value is unpredictable.

Question 12

Which of the following terms is used to describe a pay system in which an employee receives regular advances against future commissions to smooth out income fluctuations?

Accepted Answer

A)  Sale stipend system 
B)  Draw system 
C)  Pay advance system 
D)  Security income 
A)  Sale stipend system 
B)  Draw system 
C)  Pay advance system 
D)  Security income

Question 13

Which of the following pay plans is geared to individual performance?

Accepted Answer

A)  Profit sharing 
B)  Competency-based 
C)  Gain-sharing 
D)  Piece rates 
A)  Profit sharing 
B)  Competency-based 
C)  Gain-sharing 
D)  Piece rates

Question 14

What can you offer your employees to balance out the self-centered perspective,caused by your piece rate system,and encourage citizenship behaviour?

Accepted Answer

A)  Perks 
B)  Employee stock ownership 
C)  Merit bonuses 
D)  Suggestion system 
A)  Perks 
B)  Employee stock ownership 
C)  Merit bonuses 
D)  Suggestion system

Question 15

In what circumstance are special-purpose incentives least appropriate?

Accepted Answer

A)  Intrinsic motivation does not already exist. 
B)  Both intended and unintended behaviours are easy to observe. 
C)  No other alternatives for inducing desired behaviour are feasible. 
D)  The company is using a high-involvement managerial strategy. 
A)  Intrinsic motivation does not already exist. 
B)  Both intended and unintended behaviours are easy to observe. 
C)  No other alternatives for inducing desired behaviour are feasible. 
D)  The company is using a high-involvement managerial strategy.

Question 16

Your employer is considering tying the bonus pool to the firm's profitability and then allocating this amount to employees based on individual merit.With reference to expectancy theory,which component of the merit system will be weakened and thus make it less motivational for you as an employee?

Accepted Answer

A)  Valence 
B)  Expectancy 
C)  Instrumentality 
D)  Effort 
A)  Valence 
B)  Expectancy 
C)  Instrumentality 
D)  Effort

Question 17

A typical tree planter should be able to plant thirty trees in an hour.You have determined the average amount of money a worker with the skills and abilities to plant trees should earn hourly is $18.What is the straight piece rate paid to your employees?

Accepted Answer

A)  $30 
B)  $1.66 
C)  $0.60 
D)  $18 
A)  $30 
B)  $1.66 
C)  $0.60 
D)  $18

Question 18

If an organization has a "promote from within" policy,it doesn't really need any other rewards to motivate behaviour.

Accepted Answer

A) True 
 B)False

Question 19

According to the Peter Principle when will employees stop being promoted?

Accepted Answer

A)  When they reach their level of incompetence. 
B)  When promotions are limited to family members. 
C)  When technical tracks are not available. 
D)  When fewer upper-level vacancies exist. 
A)  When they reach their level of incompetence. 
B)  When promotions are limited to family members. 
C)  When technical tracks are not available. 
D)  When fewer upper-level vacancies exist.

Question 20

Discuss the nature of suggestion systems and some of the problems you need to be aware of.

Accepted Answer

Suggestion systems are intended to promo

Identify and briefly define each of the three types of employee stock plans.

All things being equal,goal sharing programs are thought to be less motivational than gain sharing programs.

Your instructor has offered class members bonus marks for volunteering as campus tour guides. This is referred to as which type of performance pay plan?

The three main types of employee stock plans are: stock bonus plans,stock purchase plans and stock option plans.

In what way is piece rates and commissions similar to each other?

From an employee's perspective,why are merit bonuses seen as less valuable than merit raises?

Merit bonuses represent a permanent increase to base pay.

Identify and briefly explain the nature of individual performance pay plans.

Explain the difference between goal sharing and gain sharing plans.

What is the most common form of performance pay used by medium to large Canadian firms?

For employees,what is the main concern with a stock plan?

Which of the following terms is used to describe a pay system in which an employee receives regular advances against future commissions to smooth out income fluctuations?

Which of the following pay plans is geared to individual performance?

What can you offer your employees to balance out the self-centered perspective,caused by your piece rate system,and encourage citizenship behaviour?

In what circumstance are special-purpose incentives least appropriate?

Your employer is considering tying the bonus pool to the firm's profitability and then allocating this amount to employees based on individual merit.With reference to expectancy theory,which component of the merit system will be weakened and thus make it less motivational for you as an employee?

A typical tree planter should be able to plant thirty trees in an hour.You have determined the average amount of money a worker with the skills and abilities to plant trees should earn hourly is $18.What is the straight piece rate paid to your employees?

If an organization has a "promote from within" policy,it doesn't really need any other rewards to motivate behaviour.

According to the Peter Principle when will employees stop being promoted?

Discuss the nature of suggestion systems and some of the problems you need to be aware of.

A Road Map to Effective Communication

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating Jobs: the Point Method of Job Evaluation

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Designing Indirect Pay Plans

Activating and Maintaining an Effective Compensation System

Filters

Exam 5: Performance Pay Choices

Identify and briefly define each of the three types of employee stock plans.

All things being equal,goal sharing programs are thought to be less motivational than gain sharing programs.

Your instructor has offered class members bonus marks for volunteering as campus tour guides. This is referred to as which type of performance pay plan?

The three main types of employee stock plans are: stock bonus plans,stock purchase plans and stock option plans.

In what way is piece rates and commissions similar to each other?

From an employee's perspective,why are merit bonuses seen as less valuable than merit raises?

Merit bonuses represent a permanent increase to base pay.

Identify and briefly explain the nature of individual performance pay plans.

Explain the difference between goal sharing and gain sharing plans.

What is the most common form of performance pay used by medium to large Canadian firms?

For employees,what is the main concern with a stock plan?

Which of the following terms is used to describe a pay system in which an employee receives regular advances against future commissions to smooth out income fluctuations?

Which of the following pay plans is geared to individual performance?

What can you offer your employees to balance out the self-centered perspective,caused by your piece rate system,and encourage citizenship behaviour?

In what circumstance are special-purpose incentives least appropriate?

Your employer is considering tying the bonus pool to the firm's profitability and then allocating this amount to employees based on individual merit.With reference to expectancy theory,which component of the merit system will be weakened and thus make it less motivational for you as an employee?

A typical tree planter should be able to plant thirty trees in an hour.You have determined the average amount of money a worker with the skills and abilities to plant trees should earn hourly is $18.What is the straight piece rate paid to your employees?

If an organization has a "promote from within" policy,it doesn't really need any other rewards to motivate behaviour.

According to the Peter Principle when will employees stop being promoted?

Discuss the nature of suggestion systems and some of the problems you need to be aware of.

A Road Map to Effective Communication

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating Jobs: the Point Method of Job Evaluation

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Designing Indirect Pay Plans

Activating and Maintaining an Effective Compensation System

Filters