Question 1

Which of the following is true of most general stock compensation plans?

Accepted Answer

A)  The company stock shares represent equity segments of equal value. 
B)  Employees own the stock upon purchase. 
C)  Company stock represents partial equity in the company. 
D)  Stock options refer to what an employee can do with the stock once they purchase it. 
A)  The company stock shares represent equity segments of equal value. 
B)  Employees own the stock upon purchase. 
C)  Company stock represents partial equity in the company. 
D)  Stock options refer to what an employee can do with the stock once they purchase it. A

Question 2

What is the main objective of Scanlon plans?

Accepted Answer

A)  to standardize the workforce 
B)  to encourage unionization 
C)  to increase workforce competitiveness 
D)  to increase employee involvement 
A)  to standardize the workforce 
B)  to encourage unionization 
C)  to increase workforce competitiveness 
D)  to increase employee involvement D

Question 3

________ teams consist of a group of people assigned to complete a one-time project.

Accepted Answer

Project

Question 4

In an effort to increase the productivity of its employees,a manufacturing company is considering adopting an incentive pay program.List and discuss the five factors the HR professionals should consider in the adoption of such a program.

Accepted Answer

The first factor to consider is whether

Question 5

Compare and contrast individual and group incentive plans.

Accepted Answer

Individual incentive plans reward employ

Question 6

XYZ Company pays a portion of company profits to its employees.The management offers this incentive plan as one kind of retirement program.What kind of companywide incentive plan does XYZ Co.offer?

Accepted Answer

A)  employee stock ownership plan 
B)  deferred profit sharing plan 
C)  current profit sharing plan 
D)  employee stock option plan 
A)  employee stock ownership plan 
B)  deferred profit sharing plan 
C)  current profit sharing plan 
D)  employee stock option plan

Question 7

Another name for incentive pay is ________ pay.

Accepted Answer

The answer of Another name for incentive pay is ________...

Question 8

This method reinforces cooperation among team members except when team members perceive differences in other members' performances.

Accepted Answer

A)  differential incentive payments approach 
B)  differential payments by ratio of base pay 
C)  equal incentives payment approach 
D)  small group incentive plans 
A)  differential incentive payments approach 
B)  differential payments by ratio of base pay 
C)  equal incentives payment approach 
D)  small group incentive plans

Question 9

The main disadvantage of group incentive compensation is employee ________.

Accepted Answer

The answer of The main disadvantage of group incentive compensation...

Question 10

Which of the following is true of incentive pay?

Accepted Answer

A)  Incentive pay is considered part of an employee's fringe compensation. 
B)  The criteria for judging an award tends to be objective, such as quantity produced. 
C)  Award levels are subjective. 
D)  The amount of the award paid for attainment of goals is not communicated in advance. 
A)  Incentive pay is considered part of an employee's fringe compensation. 
B)  The criteria for judging an award tends to be objective, such as quantity produced. 
C)  Award levels are subjective. 
D)  The amount of the award paid for attainment of goals is not communicated in advance.

Question 11

Which of the following is true concerning incentive pay?

Accepted Answer

A)  The award is earned only when the predetermined work objective is totally completed. 
B)  Motivates employees to be more productive, but does little to control payroll costs. 
C)  Awards are granted in one-time payouts. 
D)  Incentive levels are generally subjective in nature. 
A)  The award is earned only when the predetermined work objective is totally completed. 
B)  Motivates employees to be more productive, but does little to control payroll costs. 
C)  Awards are granted in one-time payouts. 
D)  Incentive levels are generally subjective in nature.

Question 12

The concept that a hard working employee is likely to stay at an incentive pay position is better known as this.

Accepted Answer

A)  representative effect 
B)  structural effect 
C)  sorting effect 
D)  output effect 
A)  representative effect 
B)  structural effect 
C)  sorting effect 
D)  output effect

Question 13

Stock ________ describe an employee's right to purchase company stock.

Accepted Answer

The answer of Stock ________ describe an employee's right to...

Question 14

This formula for determining the amount available for profit sharing uses a specific percentage of annual profits contingent upon the successful attainment of a specified profit goal.

Accepted Answer

A)  fluctuating first-dollar-of-profits 
B)  differed first-dollar-of-profits 
C)  graduated first-dollar-of-profits 
D)  fixed first-dollar-of-profits 
A)  fluctuating first-dollar-of-profits 
B)  differed first-dollar-of-profits 
C)  graduated first-dollar-of-profits 
D)  fixed first-dollar-of-profits

Question 15

These profit sharing plans award cash to employees on a quarterly or annual basis as part of their regular compensation.

Accepted Answer

A)  recent profit sharing plans 
B)  current profit sharing plans 
C)  deferred profit sharing plans 
D)  anticipated profit sharing plans 
A)  recent profit sharing plans 
B)  current profit sharing plans 
C)  deferred profit sharing plans 
D)  anticipated profit sharing plans

Question 16

XYZ Manufacturing Co.uses a gain sharing plan that gives incentives to employees to finish products rather than to incentivize dollar savings.Therefore,this company measures productivity as the ratio of standard labor hours and actual labor hours.What kind of gain sharing program does XYZ Manufacturing Co.use?

Accepted Answer

A)  Improshare 
B)  Rucher 
C)  Scanlon 
D)  SVOP 
A)  Improshare 
B)  Rucher 
C)  Scanlon 
D)  SVOP

Question 17

The Improshare bonus is based on a ________ ratio formula.

Accepted Answer

The answer of The Improshare bonus is based on a...

Question 18

This group incentive system was designed to provide employees with financial incentives for increasing customer satisfaction,increasing productivity,lowering costs,or improving safety.

Accepted Answer

A)  gain sharing 
B)  team based 
C)  small group 
D)  profit sharing 
A)  gain sharing 
B)  team based 
C)  small group 
D)  profit sharing

Question 19

________ profit sharing plans place cash awards in trust accounts for employees,and are set aside on employees' behalf as a source of retirement income.

Accepted Answer

The answer of ________ profit sharing plans place cash awards...

Question 20

Which of the following is true about the level of risk involved with incentive pay?

Accepted Answer

A)  The level of risk decreases as incentive pay represents a greater proportion of total core compensation. 
B)  The level of risk is lower for higher-level employees than those who are lower in the job structure. 
C)  The level of risk depends on the extent to which employees control the attainment of a desired goal. 
D)  The level of risk is dependent on subjective performance appraisals. 
A)  The level of risk decreases as incentive pay represents a greater proportion of total core compensation. 
B)  The level of risk is lower for higher-level employees than those who are lower in the job structure. 
C)  The level of risk depends on the extent to which employees control the attainment of a desired goal. 
D)  The level of risk is dependent on subjective performance appraisals.

Which of the following is true of most general stock compensation plans?

What is the main objective of Scanlon plans?

________ teams consist of a group of people assigned to complete a one-time project.

In an effort to increase the productivity of its employees,a manufacturing company is considering adopting an incentive pay program.List and discuss the five factors the HR professionals should consider in the adoption of such a program.

Compare and contrast individual and group incentive plans.

XYZ Company pays a portion of company profits to its employees.The management offers this incentive plan as one kind of retirement program.What kind of companywide incentive plan does XYZ Co.offer?

Another name for incentive pay is ________ pay.

This method reinforces cooperation among team members except when team members perceive differences in other members' performances.

The main disadvantage of group incentive compensation is employee ________.

Which of the following is true of incentive pay?

Which of the following is true concerning incentive pay?

The concept that a hard working employee is likely to stay at an incentive pay position is better known as this.

Stock ________ describe an employee's right to purchase company stock.

This formula for determining the amount available for profit sharing uses a specific percentage of annual profits contingent upon the successful attainment of a specified profit goal.

These profit sharing plans award cash to employees on a quarterly or annual basis as part of their regular compensation.

The Improshare bonus is based on a ________ ratio formula.

This group incentive system was designed to provide employees with financial incentives for increasing customer satisfaction,increasing productivity,lowering costs,or improving safety.

________ profit sharing plans place cash awards in trust accounts for employees,and are set aside on employees' behalf as a source of retirement income.

Which of the following is true about the level of risk involved with incentive pay?

Strategic Compensation: A Component of Human Resource Systems

Contextual Influences on Compensation Practice

Traditional Bases for Pay: Seniority and Merit

Person-Focused Pay

Building Internally Consistent Compensation Systems

Building Market-Competitive Compensation Systems

Building Pay Structures that Recognize Individual Contributions

Discretionary Benefits

Employer-Sponsored Retirement Plans and Health Insurance Programs

Legally Required Benefits

Compensating Executives

Compensating the Flexible Work Force: Contingent Employees and Flexible Work Schedules

Compensation Expatriates

Pay and Benefits Outside the United States

Challenges Facing Compensation Professionals

Filters

Exam 4: Incentive Pay

Which of the following is true of most general stock compensation plans?

What is the main objective of Scanlon plans?

________ teams consist of a group of people assigned to complete a one-time project.

In an effort to increase the productivity of its employees,a manufacturing company is considering adopting an incentive pay program.List and discuss the five factors the HR professionals should consider in the adoption of such a program.

Compare and contrast individual and group incentive plans.

XYZ Company pays a portion of company profits to its employees.The management offers this incentive plan as one kind of retirement program.What kind of companywide incentive plan does XYZ Co.offer?

Another name for incentive pay is ________ pay.

This method reinforces cooperation among team members except when team members perceive differences in other members' performances.

The main disadvantage of group incentive compensation is employee ________.

Which of the following is true of incentive pay?

Which of the following is true concerning incentive pay?

The concept that a hard working employee is likely to stay at an incentive pay position is better known as this.

Stock ________ describe an employee's right to purchase company stock.

This formula for determining the amount available for profit sharing uses a specific percentage of annual profits contingent upon the successful attainment of a specified profit goal.

These profit sharing plans award cash to employees on a quarterly or annual basis as part of their regular compensation.

The Improshare bonus is based on a ________ ratio formula.

This group incentive system was designed to provide employees with financial incentives for increasing customer satisfaction,increasing productivity,lowering costs,or improving safety.

________ profit sharing plans place cash awards in trust accounts for employees,and are set aside on employees' behalf as a source of retirement income.

Which of the following is true about the level of risk involved with incentive pay?

Strategic Compensation: A Component of Human Resource Systems

Contextual Influences on Compensation Practice

Traditional Bases for Pay: Seniority and Merit

Person-Focused Pay

Building Internally Consistent Compensation Systems

Building Market-Competitive Compensation Systems

Building Pay Structures that Recognize Individual Contributions

Discretionary Benefits

Employer-Sponsored Retirement Plans and Health Insurance Programs

Legally Required Benefits

Compensating Executives

Compensating the Flexible Work Force: Contingent Employees and Flexible Work Schedules

Compensation Expatriates

Pay and Benefits Outside the United States

Challenges Facing Compensation Professionals

Filters