Question 1

Which of the following are main types of profit sharing plans?

Accepted Answer

A)  Current assessment plan, delayered plan, and blended plan 
B)  Deferred plan, cash plan, and group plan 
C)  Combination plan, deferred plan, and current distribution plan 
D)  Current distribution plan, combination plan, and delayered plan 
A)  Current assessment plan, delayered plan, and blended plan 
B)  Deferred plan, cash plan, and group plan 
C)  Combination plan, deferred plan, and current distribution plan 
D)  Current distribution plan, combination plan, and delayered plan

Question 2

Which of the following plans allows you to defer a portion of your annual profit sharing bonus to help build your retirement income?

Accepted Answer

A)  Deferred profit sharing 
B)  Combination profit sharing 
C)  Current distribution 
D)  Cash plan 
A)  Deferred profit sharing 
B)  Combination profit sharing 
C)  Current distribution 
D)  Cash plan

Question 3

To qualify as having an employee profit sharing plan a firm must have a formal program in which payments based on profits are made to a wide cross section of employees.

Accepted Answer

A) True 
 B)False

Question 4

The use of long-term incentive plans is of little value to most firms.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is an advantage of goal-sharing plans?

Accepted Answer

A)  Each employee establishes his/her own goals. 
B)  Cost savings are quantified and shared. 
C)  Management establishes outcomes for each employee. 
D)  They are less complex to develop than gain sharing. 
A)  Each employee establishes his/her own goals. 
B)  Cost savings are quantified and shared. 
C)  Management establishes outcomes for each employee. 
D)  They are less complex to develop than gain sharing.

Which of the following are main types of profit sharing plans?

Which of the following plans allows you to defer a portion of your annual profit sharing bonus to help build your retirement income?

To qualify as having an employee profit sharing plan a firm must have a formal program in which payments based on profits are made to a wide cross section of employees.

The use of long-term incentive plans is of little value to most firms.

Which of the following is an advantage of goal-sharing plans?

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

Which of the following are main types of profit sharing plans?

Which of the following plans allows you to defer a portion of your annual profit sharing bonus to help build your retirement income?

To qualify as having an employee profit sharing plan a firm must have a formal program in which payments based on profits are made to a wide cross section of employees.

The use of long-term incentive plans is of little value to most firms.

Which of the following is an advantage of goal-sharing plans?

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