Exam 10: Pay For Performance: Incentive Rewards

Jim Jones received a $500 pay bonus as a result of his job performance last year; however, this extra money was not added to his base pay. This is an example of which of the following?

(Multiple Choice)

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Question 61

ESOPs can increase employees' pride of ownership in the organization, providing an incentive for them to increase productivity and help the organization prosper and grow.

(True/False)

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Question 62

Identify and briefly describe one gainsharing plan that encourages maximum effort and cooperation but is not tied to profit fluctuations, as are profit-sharing plans.

(Essay)

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Question 63

Which of the following would NOT be the basis for a merit raise?

(Multiple Choice)

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Question 64

Which of the following is a pay plan that only compensates sales employees based on a percentage of sales?

(Multiple Choice)

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Question 65

A salesperson with a sales volume of $275,000 earning a straight commission of 3 percent would receive $8,250.

(True/False)

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Question 66

There are many potential errors, as well as discrimination, that can occur in the performance appraisal process. Which of the following can such errors lead to?

(Multiple Choice)

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Question 67

Incentive plans based on productivity can reduce labour costs.

(True/False)

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Question 68

Which of the following is a major problem of ESOPs?

(Multiple Choice)

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Question 69

Under the merit pay system, employees who have better political connections within the company may bear a threat to their supervisor and therefore may end up with a larger share of the "merit pie" than their performance would warrant.

(True/False)

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Question 70

Piecework is inappropriate where technology changes are frequent.

(True/False)

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Question 71

Because profit-sharing plans often fail to pay off for several years in a row, they can have limited motivational value.

(True/False)

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Question 72

Team bonuses tend to increase employee jealousies and complaints over individual standards.

(True/False)

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Question 73

The operation of a merit pay plan depends on the effectiveness of the performance appraisal system.

(True/False)

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Question 74

Because of failing popularity and media scandals, the number of Canadian companies granting stock options to non-executive personnel has been decreasing in recent years.

(True/False)

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Question 75

Management must be careful to ensure that incentive payments are viewed as both a reward and an entitlement.

(True/False)

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Question 76

The incentive payout under the Scanlon Plan is based upon increases in the sales volume of the organization's products.

(True/False)

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Question 77

Which of the following is suggested by research?

(Multiple Choice)

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Question 78

Under a straight commission plan, compensation is based entirely on a percentage of sales.

(True/False)

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Question 79

Profit-sharing plans represent one way that wealth can be redistributed at which of the following levels?

(Multiple Choice)

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Question 80

Showing 61 - 80 of 102

Jim Jones received a $500 pay bonus as a result of his job performance last year; however, this extra money was not added to his base pay. This is an example of which of the following?

ESOPs can increase employees' pride of ownership in the organization, providing an incentive for them to increase productivity and help the organization prosper and grow.

Identify and briefly describe one gainsharing plan that encourages maximum effort and cooperation but is not tied to profit fluctuations, as are profit-sharing plans.

Which of the following would NOT be the basis for a merit raise?

Which of the following is a pay plan that only compensates sales employees based on a percentage of sales?

A salesperson with a sales volume of $275,000 earning a straight commission of 3 percent would receive $8,250.

There are many potential errors, as well as discrimination, that can occur in the performance appraisal process. Which of the following can such errors lead to?

Incentive plans based on productivity can reduce labour costs.

Which of the following is a major problem of ESOPs?

Under the merit pay system, employees who have better political connections within the company may bear a threat to their supervisor and therefore may end up with a larger share of the "merit pie" than their performance would warrant.

Piecework is inappropriate where technology changes are frequent.

Because profit-sharing plans often fail to pay off for several years in a row, they can have limited motivational value.

Team bonuses tend to increase employee jealousies and complaints over individual standards.

The operation of a merit pay plan depends on the effectiveness of the performance appraisal system.

Because of failing popularity and media scandals, the number of Canadian companies granting stock options to non-executive personnel has been decreasing in recent years.

Management must be careful to ensure that incentive payments are viewed as both a reward and an entitlement.

The incentive payout under the Scanlon Plan is based upon increases in the sales volume of the organization's products.

Which of the following is suggested by research?

Under a straight commission plan, compensation is based entirely on a percentage of sales.

Profit-sharing plans represent one way that wealth can be redistributed at which of the following levels?

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