Question 1

This formula for calculating profit sharing awards gives the employees a higher percentage of the profits as the profits increase.

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 C

Question 2

Which individual incentive plans require the achievement of multiple,complex objectives without compromising the quality and quantity of output?

Accepted Answer

A) piecework 
B) referral 
C) management incentive 
D) behavior encouragement 
A) piecework 
B) referral 
C) management incentive 
D) behavior encouragement C

Question 3

The main disadvantage of group incentive compensation is employee ________.

Accepted Answer

turnover

Question 4

Which of the following is an operational measure used in company-wide incentive plans?

Accepted Answer

A) safety/occupational injury rates 
B) revenue growth 
C) earnings per share 
D) operating income 
A) safety/occupational injury rates 
B) revenue growth 
C) earnings per share 
D) operating income

Question 5

Which gain sharing plan bases incentives on the ratio between labor costs and sales value of production (SVOP)?

Accepted Answer

A) Rucker Plan 
B) referral plan 
C) Scanlon Plan 
D) Improshare 
A) Rucker Plan 
B) referral plan 
C) Scanlon Plan 
D) Improshare

Question 6

Nowadays,most companies use a mix of which types of pay plans?

Accepted Answer

A) seniority pay plans and incentive pay plans 
B) merit pay plans and merit bonus pay plans 
C) traditional pay plans and incentive pay plans 
D) traditional pay plans and person-focused pay plans 
A) seniority pay plans and incentive pay plans 
B) merit pay plans and merit bonus pay plans 
C) traditional pay plans and incentive pay plans 
D) traditional pay plans and person-focused pay plans

Question 7

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

Accepted Answer

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

Question 8

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 an incentive program.

Accepted Answer

The first factor to consider is whether

Question 9

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

Accepted Answer

The answer of ________ teams consist of a group of...

Question 10

In addition to the guaranteed hourly pay rate,John receives incentives for every item produced over the designated production standard.Which kind of incentive plan is used in this situation?

Accepted Answer

A) management incentive 
B) referral 
C) piecework plans 
D) behavioral encouragement 
A) management incentive 
B) referral 
C) piecework plans 
D) behavioral encouragement

Question 11

Which of the following performance measures corresponds to individual-,group,and companywide incentive plans,respectively?

Accepted Answer

A) customer satisfaction, quantity of work, and quality of work 
B) quantity of work, market share, and customer satisfaction 
C) quality of work output, customer satisfaction, and revenue 
D) customer satisfaction, market share, and quality of work 
A) customer satisfaction, quantity of work, and quality of work 
B) quantity of work, market share, and customer satisfaction 
C) quality of work output, customer satisfaction, and revenue 
D) customer satisfaction, market share, and quality of work

Question 12

John is a design engineer in an auto manufacturer's research and development department.In addition to his normal duties,he is assigned to a team of other engineers developing a highly automated assembly line for the new model of a passenger car.To which type of team is John assigned?

Accepted Answer

A) incentive 
B) project 
C) work (process) 
D) parallel 
A) incentive 
B) project 
C) work (process) 
D) parallel

Question 13

Individual incentive plans help to promote the relationship between pay and ________.

Accepted Answer

The answer of Individual incentive plans help to promote the...

Question 14

How do traditional pay methods differ from incentive pay methods?

Accepted Answer

In traditional pay plans,employees recei

Question 15

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

Question 16

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

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

The 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.Which 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 19

Which best describes incentive pay?

Accepted Answer

A) Incentive pay is considered part of an employee's fringe compensation. 
B) The criteria for judging an award tend 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 tend 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 20

Which of the following effects describe the concept that a hard working employee is likely to stay at an incentive pay position?

Accepted Answer

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

This formula for calculating profit sharing awards gives the employees a higher percentage of the profits as the profits increase.

Which individual incentive plans require the achievement of multiple,complex objectives without compromising the quality and quantity of output?

The main disadvantage of group incentive compensation is employee ________.

Which of the following is an operational measure used in company-wide incentive plans?

Which gain sharing plan bases incentives on the ratio between labor costs and sales value of production (SVOP)?

Nowadays,most companies use a mix of which types of pay plans?

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

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 an incentive program.

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

In addition to the guaranteed hourly pay rate,John receives incentives for every item produced over the designated production standard.Which kind of incentive plan is used in this situation?

Which of the following performance measures corresponds to individual-,group,and companywide incentive plans,respectively?

John is a design engineer in an auto manufacturer's research and development department.In addition to his normal duties,he is assigned to a team of other engineers developing a highly automated assembly line for the new model of a passenger car.To which type of team is John assigned?

Individual incentive plans help to promote the relationship between pay and ________.

How do traditional pay methods differ from incentive pay methods?

Which of the following is true concerning incentive pay?

What is the main objective of Scanlon plans?

The Improshare bonus is based on a ________ ratio formula.

Which best describes incentive pay?

Which of the following effects describe the concept that a hard working employee is likely to stay at an incentive pay position?

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

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

This formula for calculating profit sharing awards gives the employees a higher percentage of the profits as the profits increase.

Which individual incentive plans require the achievement of multiple,complex objectives without compromising the quality and quantity of output?

The main disadvantage of group incentive compensation is employee ________.

Which of the following is an operational measure used in company-wide incentive plans?

Which gain sharing plan bases incentives on the ratio between labor costs and sales value of production (SVOP)?

Nowadays,most companies use a mix of which types of pay plans?

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

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 an incentive program.

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

In addition to the guaranteed hourly pay rate,John receives incentives for every item produced over the designated production standard.Which kind of incentive plan is used in this situation?

Which of the following performance measures corresponds to individual-,group,and companywide incentive plans,respectively?

John is a design engineer in an auto manufacturer's research and development department.In addition to his normal duties,he is assigned to a team of other engineers developing a highly automated assembly line for the new model of a passenger car.To which type of team is John assigned?

Individual incentive plans help to promote the relationship between pay and ________.

How do traditional pay methods differ from incentive pay methods?

Which of the following is true concerning incentive pay?

What is the main objective of Scanlon plans?

The Improshare bonus is based on a ________ ratio formula.

Which best describes incentive pay?

Which of the following effects describe the concept that a hard working employee is likely to stay at an incentive pay position?

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

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