Question 1

List the basic steps in implementing a gainsharing plan.

Accepted Answer

The steps are as follows:
•Establish gen

Question 2

In a brief essay,discuss the difference between annual bonuses for employees and gainsharing plans.

Accepted Answer

Most firms have annual bonus plans aimed

Question 3

Under the Fair Labor Standards Act,which of the following would NOT be included in overtime pay computations?

Accepted Answer

A)  bonus for new hires 
B)  Christmas bonus 
C)  efficiency bonus 
D)  union contract bonus 
A)  bonus for new hires 
B)  Christmas bonus 
C)  efficiency bonus 
D)  union contract bonus

Question 4

In order for a firm to have an effective incentive plan,there should be a clear relationship between employee effort and quantity or quality of output.

Accepted Answer

A) True 
 B)False

Question 5

Experts assert that stock options encourage executives to take dangerous risks and are to blame for many corporate scandals.

Accepted Answer

A) True 
 B)False

Question 6

According to Victor Vroom,expectancy could also be referred to as the ________.

Accepted Answer

A)  probability that effort will lead to success 
B)  relationship between performance and reward 
C)  perceived value a person attaches to a reward 
D)  employer's strategy for motivating employees 
A)  probability that effort will lead to success 
B)  relationship between performance and reward 
C)  perceived value a person attaches to a reward 
D)  employer's strategy for motivating employees

Question 7

You are the manager of large used car retailer,and sales are sluggish.What incentive plan would be best for motivating your sales team? What steps should you take to ensure that your incentive plan is effective?

Accepted Answer

Most companies pay salespeople a combina

Question 8

Common stock is the most common payment form used in gainsharing plans.

Accepted Answer

A) True 
 B)False

Question 9

Craig is a line manager at a paper supply company.All of the following are methods that Craig should most likely implement to motivate his subordinates EXCEPT ________.

Accepted Answer

A)  recognizing an employee's contribution 
B)  encouraging workers to earn overtime pay 
C)  gaining agreement on goals with employees 
D)  using positive reinforcement on a daily basis 
A)  recognizing an employee's contribution 
B)  encouraging workers to earn overtime pay 
C)  gaining agreement on goals with employees 
D)  using positive reinforcement on a daily basis

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

All of the following are advantages of team incentive plans EXCEPT that ________.

Accepted Answer

A)  jealousy is reduced 
B)  wage equity is guaranteed 
C)  team planning is reinforced 
D)  problem solving is encouraged 
A)  jealousy is reduced 
B)  wage equity is guaranteed 
C)  team planning is reinforced 
D)  problem solving is encouraged

Question 12

Straight commission plans are attractive to high-performing salespeople.

Accepted Answer

A) True 
 B)False

Question 13

Which term refers to payments companies make in connection with a change in ownership or control of a company?

Accepted Answer

A)  pension 
B)  golden parachute 
C)  retirement bonus 
D)  stock option 
A)  pension 
B)  golden parachute 
C)  retirement bonus 
D)  stock option

Question 14

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 15

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.

Accepted Answer

A) True 
 B)False

Question 16

In Vroom's theory of motivation,motivation is equal to E * I * V,where E represents ________.

Accepted Answer

A)  existence 
B)  expectancy 
C)  esteem 
D)  energy 
A)  existence 
B)  expectancy 
C)  esteem 
D)  energy

Question 17

Annual bonus plans are long-term incentives,and stock options are short-term incentives.

Accepted Answer

A) True 
 B)False

Question 18

In Herzberg's Hygiene-Motivator theory,working conditions are motivator factors,and challenging assignments are hygiene factors.

Accepted Answer

A) True 
 B)False

Question 19

All of the following are disadvantages associated with piecework plans EXCEPT that workers ________.

Accepted Answer

A)  resist attempts to modify production standards 
B)  focus on production quantity instead of quality 
C)  view the plans as unfair and complicated 
D)  dislike new technology or processes 
A)  resist attempts to modify production standards 
B)  focus on production quantity instead of quality 
C)  view the plans as unfair and complicated 
D)  dislike new technology or processes

Question 20

Tanner's employer puts a predetermined portion of profits into a trust account for Tanner's retirement.Which of the following is most likely the type of profit-sharing plan used by Tanner's employer?

Accepted Answer

A)  deferred profit-sharing plan 
B)  Lincoln incentive system 
C)  Jefferson incentive system 
D)  gainsharing plan 
A)  deferred profit-sharing plan 
B)  Lincoln incentive system 
C)  Jefferson incentive system 
D)  gainsharing plan

List the basic steps in implementing a gainsharing plan.

In a brief essay,discuss the difference between annual bonuses for employees and gainsharing plans.

Under the Fair Labor Standards Act,which of the following would NOT be included in overtime pay computations?

In order for a firm to have an effective incentive plan,there should be a clear relationship between employee effort and quantity or quality of output.

Experts assert that stock options encourage executives to take dangerous risks and are to blame for many corporate scandals.

According to Victor Vroom,expectancy could also be referred to as the ________.

You are the manager of large used car retailer,and sales are sluggish.What incentive plan would be best for motivating your sales team? What steps should you take to ensure that your incentive plan is effective?

Common stock is the most common payment form used in gainsharing plans.

Craig is a line manager at a paper supply company.All of the following are methods that Craig should most likely implement to motivate his subordinates EXCEPT ________.

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

All of the following are advantages of team incentive plans EXCEPT that ________.

Straight commission plans are attractive to high-performing salespeople.

Which term refers to payments companies make in connection with a change in ownership or control of 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.

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.

In Vroom's theory of motivation,motivation is equal to E * I * V,where E represents ________.

Annual bonus plans are long-term incentives,and stock options are short-term incentives.

In Herzberg's Hygiene-Motivator theory,working conditions are motivator factors,and challenging assignments are hygiene factors.

All of the following are disadvantages associated with piecework plans EXCEPT that workers ________.

Tanner's employer puts a predetermined portion of profits into a trust account for Tanner's retirement.Which of the following is most likely the type of profit-sharing plan used by Tanner's employer?

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

Ethics and Employee Rights and Discipline

Labor Relations and Collective Bargaining

Employee Safety and Health

Managing Global Human Resources

Managing Human Resources in Entrepreneurial Firms

Filters

Exam 12: Pay for Performance and Financial Incentives

List the basic steps in implementing a gainsharing plan.

In a brief essay,discuss the difference between annual bonuses for employees and gainsharing plans.

Under the Fair Labor Standards Act,which of the following would NOT be included in overtime pay computations?

In order for a firm to have an effective incentive plan,there should be a clear relationship between employee effort and quantity or quality of output.

Experts assert that stock options encourage executives to take dangerous risks and are to blame for many corporate scandals.

According to Victor Vroom,expectancy could also be referred to as the ________.

You are the manager of large used car retailer,and sales are sluggish.What incentive plan would be best for motivating your sales team? What steps should you take to ensure that your incentive plan is effective?

Common stock is the most common payment form used in gainsharing plans.

Craig is a line manager at a paper supply company.All of the following are methods that Craig should most likely implement to motivate his subordinates EXCEPT ________.

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

All of the following are advantages of team incentive plans EXCEPT that ________.

Straight commission plans are attractive to high-performing salespeople.

Which term refers to payments companies make in connection with a change in ownership or control of 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.

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.

In Vroom's theory of motivation,motivation is equal to E * I * V,where E represents ________.

Annual bonus plans are long-term incentives,and stock options are short-term incentives.

In Herzberg's Hygiene-Motivator theory,working conditions are motivator factors,and challenging assignments are hygiene factors.

All of the following are disadvantages associated with piecework plans EXCEPT that workers ________.

Tanner's employer puts a predetermined portion of profits into a trust account for Tanner's retirement.Which of the following is most likely the type of profit-sharing plan used by Tanner's employer?

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

Ethics and Employee Rights and Discipline

Labor Relations and Collective Bargaining

Employee Safety and Health

Managing Global Human Resources

Managing Human Resources in Entrepreneurial Firms

Filters