Question 1

Gainsharing is the system of_____.

Accepted Answer

A)  treating all employees as equals irrespective of their productivity and the gains they bring 
B)  sharing with employees the gains in profits and productivity equally 
C)  rating employees on the basis of their productivity and the profits they bring 
D)  sharing with employees greater-than-expected gains in profits and productivity 
A)  treating all employees as equals irrespective of their productivity and the gains they bring 
B)  sharing with employees the gains in profits and productivity equally 
C)  rating employees on the basis of their productivity and the profits they bring 
D)  sharing with employees greater-than-expected gains in profits and productivity

Question 2

Describe the challenges faced by group/team incentives.

Accepted Answer

This difference between rewarding team m

Question 3

Which of the following is an example of a retention bonus?

Accepted Answer

A)  An organization offering a project manager a bonus to remain with the company until the project is finished 
B)  An organization that gives a one piece-rate wage for all units produced irrespective of employee productivity 
C)  A sponsor rewarding an athlete for participation in an event 
D)  An organization rewarding an employee for referring someone who is later hired 
A)  An organization offering a project manager a bonus to remain with the company until the project is finished 
B)  An organization that gives a one piece-rate wage for all units produced irrespective of employee productivity 
C)  A sponsor rewarding an athlete for participation in an event 
D)  An organization rewarding an employee for referring someone who is later hired

Question 4

The advantage of a salary-plus-commission system is that it requires the sales representative to sell to receive any form of payment.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is an advantage of establishing employee stock ownership plans?

Accepted Answer

A)  Employees are not dependant on the employers for their retirement benefits. 
B)  Firms can receive favorable tax treatment. 
C)  Firms have lesser control over organizational productivity. 
D)  The employees can purchase shares of company stock for an unlimited period of time. 
A)  Employees are not dependant on the employers for their retirement benefits. 
B)  Firms can receive favorable tax treatment. 
C)  Firms have lesser control over organizational productivity. 
D)  The employees can purchase shares of company stock for an unlimited period of time.

Question 6

Explain employee stock plans.

Accepted Answer

Organizational incentive plans can use s

Question 7

Supplemental benefit plans are plans that are available to nonexecutive employees.

Accepted Answer

A) True 
 B)False

Question 8

A differential piece-rate system pays employees_____.

Accepted Answer

A)  one piece-rate wage for all units produced irrespective of employee productivity or work output 
B)  one piece-rate wage for units produced up to a standard output and the employee is not paid for units produced over the standard 
C)  one piece-rate wage for units produced up to a standard output and the employee is compensated through nonmonetary incentives for units produced over the standard 
D)  one piece-rate wage for units produced up to a standard output and a higher piece-rate wage for units produced over the standard 
A)  one piece-rate wage for all units produced irrespective of employee productivity or work output 
B)  one piece-rate wage for units produced up to a standard output and the employee is not paid for units produced over the standard 
C)  one piece-rate wage for units produced up to a standard output and the employee is compensated through nonmonetary incentives for units produced over the standard 
D)  one piece-rate wage for units produced up to a standard output and a higher piece-rate wage for units produced over the standard

Question 9

RedCat LLC, a footwear manufacturing company, practiced gainsharing. After organizational restructuring, the management has decided to replace gainsharing with profit sharing. Which of the following is true of RedCat LLC?

Accepted Answer

A)  It provided individual incentives; now it provides group incentives. 
B)  It provided organizational incentives; now it provides individual incentives. 
C)  It provided individual incentives; now it provides organizational incentives. 
D)  It provided group incentives; now it provides organizational incentives. 
A)  It provided individual incentives; now it provides group incentives. 
B)  It provided organizational incentives; now it provides individual incentives. 
C)  It provided individual incentives; now it provides organizational incentives. 
D)  It provided group incentives; now it provides organizational incentives.

Question 10

Profit sharing distributes some portion of organizational profits to employees.

Accepted Answer

A) True 
 B)False

Question 11

A significant portion of an executive's compensation package is_____.

Accepted Answer

A)  health insurance 
B)  performance-based incentives 
C)  a retention bonus 
D)  a commission 
A)  health insurance 
B)  performance-based incentives 
C)  a retention bonus 
D)  a commission

Question 12

In a straight piece-rate system, wages are determined by_____.

Accepted Answer

A)  dividing the number of units produced by the piece rate for one unit 
B)  multiplying the number of units produced by the piece rate for one unit 
C)  adding the piece rate for one unit by the number of units produced 
D)  dividing the piece rate for one unit by the number of units produced 
A)  dividing the number of units produced by the piece rate for one unit 
B)  multiplying the number of units produced by the piece rate for one unit 
C)  adding the piece rate for one unit by the number of units produced 
D)  dividing the piece rate for one unit by the number of units produced

Question 13

Which of the following best exemplifies spot bonus?

Accepted Answer

A)  An organization that gives a one piece-rate wage for all units produced irrespective of employee productivity 
B)  An organization rewarding an employee for installing a software upgrade 
C)  A sponsor rewarding an athlete for participation in an event 
D)  An organization rewarding an employee for referring someone who is later hired 
A)  An organization that gives a one piece-rate wage for all units produced irrespective of employee productivity 
B)  An organization rewarding an employee for installing a software upgrade 
C)  A sponsor rewarding an athlete for participation in an event 
D)  An organization rewarding an employee for referring someone who is later hired

Question 14

Which of the following is a metric of human resources in variable pay plans?

Accepted Answer

A)  Revenue growth 
B)  Employee satisfaction 
C)  Customer satisfaction 
D)  Return on investment 
A)  Revenue growth 
B)  Employee satisfaction 
C)  Customer satisfaction 
D)  Return on investment

Question 15

Thedifferential piece-rate system pays a flat rate for all items produced.

Accepted Answer

A) True 
 B)False

Question 16

Nonfinancial rewards cannot be used as incentives in pay-for-performance plans.

Accepted Answer

A) True 
 B)False

Question 17

Merchandise, gift certificates, and travel are the most frequently used incentives for recognition awards.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is the best example of variable pay?

Accepted Answer

A)  Basic pay 
B)  Conveyance allowance 
C)  Severance pay 
D)  Incentive 
A)  Basic pay 
B)  Conveyance allowance 
C)  Severance pay 
D)  Incentive

Question 19

Describe the elements of executive compensation.

Accepted Answer

Because many executives are in high tax

Question 20

The focus of gainsharing is to increase "discretionary efforts."

Accepted Answer

A) True 
 B)False

Gainsharing is the system of_____.

Describe the challenges faced by group/team incentives.

Which of the following is an example of a retention bonus?

The advantage of a salary-plus-commission system is that it requires the sales representative to sell to receive any form of payment.

Which of the following is an advantage of establishing employee stock ownership plans?

Explain employee stock plans.

Supplemental benefit plans are plans that are available to nonexecutive employees.

A differential piece-rate system pays employees_____.

RedCat LLC, a footwear manufacturing company, practiced gainsharing. After organizational restructuring, the management has decided to replace gainsharing with profit sharing. Which of the following is true of RedCat LLC?

Profit sharing distributes some portion of organizational profits to employees.

A significant portion of an executive's compensation package is_____.

In a straight piece-rate system, wages are determined by_____.

Which of the following best exemplifies spot bonus?

Which of the following is a metric of human resources in variable pay plans?

Thedifferential piece-rate system pays a flat rate for all items produced.

Nonfinancial rewards cannot be used as incentives in pay-for-performance plans.

Merchandise, gift certificates, and travel are the most frequently used incentives for recognition awards.

Which of the following is the best example of variable pay?

Describe the elements of executive compensation.

The focus of gainsharing is to increase "discretionary efforts."

Human Resource Management in Organizations

Human Resources Strategy and Planning

Equal Employment Opportunity

Workforce, Jobs, and Job Analysis

Individual/Organization Relations and Retention

Recruiting and Labor Markets

Selecting Human Resources

Training Human Resources

Talent, Careers, and Development

Performance Management and Appraisal

Total Rewards and Compensation

Managing Employee Benefits

Risk Management and Worker Protection

Employee Rights and Responsibilities

Union/Management Relations

Filters

Exam 12: Variable Pay and Executive Compensation

Gainsharing is the system of_____.

Describe the challenges faced by group/team incentives.

Which of the following is an example of a retention bonus?

The advantage of a salary-plus-commission system is that it requires the sales representative to sell to receive any form of payment.

Which of the following is an advantage of establishing employee stock ownership plans?

Explain employee stock plans.

Supplemental benefit plans are plans that are available to nonexecutive employees.

A differential piece-rate system pays employees_____.

RedCat LLC, a footwear manufacturing company, practiced gainsharing. After organizational restructuring, the management has decided to replace gainsharing with profit sharing. Which of the following is true of RedCat LLC?

Profit sharing distributes some portion of organizational profits to employees.

A significant portion of an executive's compensation package is_____.

In a straight piece-rate system, wages are determined by_____.

Which of the following best exemplifies spot bonus?

Which of the following is a metric of human resources in variable pay plans?

Thedifferential piece-rate system pays a flat rate for all items produced.

Nonfinancial rewards cannot be used as incentives in pay-for-performance plans.

Merchandise, gift certificates, and travel are the most frequently used incentives for recognition awards.

Which of the following is the best example of variable pay?

Describe the elements of executive compensation.

The focus of gainsharing is to increase "discretionary efforts."

Human Resource Management in Organizations

Human Resources Strategy and Planning

Equal Employment Opportunity

Workforce, Jobs, and Job Analysis

Individual/Organization Relations and Retention

Recruiting and Labor Markets

Selecting Human Resources

Training Human Resources

Talent, Careers, and Development

Performance Management and Appraisal

Total Rewards and Compensation

Managing Employee Benefits

Risk Management and Worker Protection

Employee Rights and Responsibilities

Union/Management Relations

Filters