Question 1

Describe the two primary ways of distributing group/team incentives.

Accepted Answer

The two primary ways for distributing gr

Question 2

Why do a relatively low percentage of men take paternity leave?

Accepted Answer

A)  Men who are not single parents are not covered in the Family and Medical Leave Act. 
B)  Employers can deny FMLA leave if the employee is not replaceable, and men tend to hold jobs that are more critical than women do. 
C)  It is not considered socially acceptable for men to stay home for child-related reasons. 
D)  Only one parent per family can take FMLA leave and they are usually taken by the mother. 
A)  Men who are not single parents are not covered in the Family and Medical Leave Act. 
B)  Employers can deny FMLA leave if the employee is not replaceable, and men tend to hold jobs that are more critical than women do. 
C)  It is not considered socially acceptable for men to stay home for child-related reasons. 
D)  Only one parent per family can take FMLA leave and they are usually taken by the mother.

Question 3

The United States is the only major developed nation that does not guarantee workers paid sick leave.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

_____ refer to the compensation given to an executive if he or she is forced to leave an organization.

Accepted Answer

A)  Perquisites 
B)  Golden parachutes 
C)  Commissions 
D)  Short-term incentives 
A)  Perquisites 
B)  Golden parachutes 
C)  Commissions 
D)  Short-term incentives

Question 6

AirCar LLC, a producer of consumer electronics, provided its employees an annual bonus. After a change in management, the company has decided to replace bonuses with a stock option plan. Which of the following statements is true of AirCar LLC?

Accepted Answer

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

Question 7

According to the provisions of the _____, publicly listed companies now must allow shareholders to vote on executive compensation.

Accepted Answer

A)  Sarbanes-Oxley Act 
B)  Dodds-Frank Act 
C)  Lilly Ledbetter Fair Pay Act 
D)  Walsh-Healy Public Contracts Act 
A)  Sarbanes-Oxley Act 
B)  Dodds-Frank Act 
C)  Lilly Ledbetter Fair Pay Act 
D)  Walsh-Healy Public Contracts Act

Question 8

The "clawbacks" provision in the _____ allows a company to recover any incentive-based pay that was paid out during the prior three years if it would not have been paid under restated financial statements.

Accepted Answer

A)  Sarbanes-Oxley Act 
B)  Dodds-Frank Act 
C)  Lilly Ledbetter Fair Pay Act 
D)  Walsh-Healy Public Contracts Act 
A)  Sarbanes-Oxley Act 
B)  Dodds-Frank Act 
C)  Lilly Ledbetter Fair Pay Act 
D)  Walsh-Healy Public Contracts Act

Question 9

Why do employers use variable pay?

Accepted Answer

Employers use variable pay for many reas

Question 10

The "clawbacks" provision in Dodds-Frank Act allows a company to recover any incentive-based pay that was paid out during the prior three years if it would not have been paid under restated financial statements.

Accepted Answer

A) True 
 B)False

Question 11

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 12

Variable pay is _____.

Accepted Answer

A)  compensation that is tied to the employee's performance 
B)  compensation that is tied to the employee's seniority 
C)  compensation that is tied to the employee's ethnicity 
D)  compensation that is tied to the employee's qualification 
A)  compensation that is tied to the employee's performance 
B)  compensation that is tied to the employee's seniority 
C)  compensation that is tied to the employee's ethnicity 
D)  compensation that is tied to the employee's qualification

Question 13

Why do companies outsource benefits administration?

Accepted Answer

With the myriad of benefits, many organi

Question 14

Glen, a line manager, is informed that his company would be introducing a stock purchase plan for employees. This implies that:

Accepted Answer

A)  the employer will provide company stocks to employees as incentives. 
B)  Glen will be given a few company stocks for free, which he can later sell at the market rate. 
C)  Glen can buy shares in the company at a discount. 
D)  Glen would be provided financial counseling on the purchase and sale of stocks. 
A)  the employer will provide company stocks to employees as incentives. 
B)  Glen will be given a few company stocks for free, which he can later sell at the market rate. 
C)  Glen can buy shares in the company at a discount. 
D)  Glen would be provided financial counseling on the purchase and sale of stocks.

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Which of the following best exemplifies spot bonus?

Accepted Answer

A)  An organization giving a one piece-rate wage for all units produced irrespective of employee productivity 
B)  An organization rewarding an employee for installing a software upgrade, which was a very demanding task 
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 giving a one piece-rate wage for all units produced irrespective of employee productivity 
B)  An organization rewarding an employee for installing a software upgrade, which was a very demanding task 
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 17

Preferred provider organizations (PPO) and health maintenance organizations (HMO) _____.

Accepted Answer

A)  primarily aim at reducing health care costs paid by employees by putting the burden on the employers 
B)  does not provide health care services to the private sector organizations 
C)  increase the cost borne by companies providing health care benefits 
D)  are the most common forms of managed care 
A)  primarily aim at reducing health care costs paid by employees by putting the burden on the employers 
B)  does not provide health care services to the private sector organizations 
C)  increase the cost borne by companies providing health care benefits 
D)  are the most common forms of managed care

Question 18

Explain employee stock plans.

Accepted Answer

Organizational incentive plans can use s

Question 19

Employees are more likely to stay with employers who provide child-care and elder-care benefits.

Accepted Answer

A) True 
 B)False

Question 20

Describe piece-rate systems.

Accepted Answer

The most basic individual incentive syst

Describe the two primary ways of distributing group/team incentives.

Why do a relatively low percentage of men take paternity leave?

The United States is the only major developed nation that does not guarantee workers paid sick leave.

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

_____ refer to the compensation given to an executive if he or she is forced to leave an organization.

AirCar LLC, a producer of consumer electronics, provided its employees an annual bonus. After a change in management, the company has decided to replace bonuses with a stock option plan. Which of the following statements is true of AirCar LLC?

According to the provisions of the _____, publicly listed companies now must allow shareholders to vote on executive compensation.

The "clawbacks" provision in the _____ allows a company to recover any incentive-based pay that was paid out during the prior three years if it would not have been paid under restated financial statements.

Why do employers use variable pay?

The "clawbacks" provision in Dodds-Frank Act allows a company to recover any incentive-based pay that was paid out during the prior three years if it would not have been paid under restated financial statements.

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?

Variable pay is _____.

Why do companies outsource benefits administration?

Glen, a line manager, is informed that his company would be introducing a stock purchase plan for employees. This implies that:

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

Which of the following best exemplifies spot bonus?

Preferred provider organizations (PPO) and health maintenance organizations (HMO) _____.

Explain employee stock plans.

Employees are more likely to stay with employers who provide child-care and elder-care benefits.

Describe piece-rate systems.

HRS Role, Strategy, and Planning

Equal Employment Opportunity and Discrimination

Workforce, Jobs, and Retention

Staffing: Recruiting and Selection

Talent Management, Training, and Development

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management, Worker Protection, and Employee Relations

Unionmanagement Relations and Grievances

Filters

Exam 8: Variable Pay, Executive Compensation, and Benefits

Describe the two primary ways of distributing group/team incentives.

Why do a relatively low percentage of men take paternity leave?

The United States is the only major developed nation that does not guarantee workers paid sick leave.

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

_____ refer to the compensation given to an executive if he or she is forced to leave an organization.

AirCar LLC, a producer of consumer electronics, provided its employees an annual bonus. After a change in management, the company has decided to replace bonuses with a stock option plan. Which of the following statements is true of AirCar LLC?

According to the provisions of the _____, publicly listed companies now must allow shareholders to vote on executive compensation.

The "clawbacks" provision in the _____ allows a company to recover any incentive-based pay that was paid out during the prior three years if it would not have been paid under restated financial statements.

Why do employers use variable pay?

The "clawbacks" provision in Dodds-Frank Act allows a company to recover any incentive-based pay that was paid out during the prior three years if it would not have been paid under restated financial statements.

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?

Variable pay is _____.

Why do companies outsource benefits administration?

Glen, a line manager, is informed that his company would be introducing a stock purchase plan for employees. This implies that:

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

Which of the following best exemplifies spot bonus?

Preferred provider organizations (PPO) and health maintenance organizations (HMO) _____.

Explain employee stock plans.

Employees are more likely to stay with employers who provide child-care and elder-care benefits.

Describe piece-rate systems.

HRS Role, Strategy, and Planning

Equal Employment Opportunity and Discrimination

Workforce, Jobs, and Retention

Staffing: Recruiting and Selection

Talent Management, Training, and Development

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management, Worker Protection, and Employee Relations

Unionmanagement Relations and Grievances

Filters