Exam 10: Pay-For-Performance: Incentive Rewards

A study on bonus versus actual pay raises showed that improving one's pay through merit increases by 1 percent would increase future performance by ____ percent.

A major concern of executive compensation involves:

Enterprise incentive plans include:

A cash or stock award determined by increase in stock price during any time chosen by the executive in the option period,which does not require executive financing is known as:

To minimize the problems of merit raises,organizations should use:

The advantages of employee stock ownership plans include all of the following EXCEPT that:

The standard time for producing one unit of work in a job paying $12.75 per hour was set at twelve minutes.The piece rate would be ____ per unit.

Under a differential piece rate,employees whose production performance exceeds the standard output receive a higher rate for all of their work than the rate paid to those who do not exceed the standard.

The principal reason guiding executive stock options as an incentive is for senior managers to have a significant stake in the success of a business.

Profit-sharing plans have limited motivational value as payments are only made once a year or deferred until retirement.

Incentive plans may fail because employees have little ability to affect performance standards.

Generally,an employee stock ownership plan is more likely to serve its intended purposes in privately held companies than in publicly held ones.

The performance threshold in incentive plans is the name given to the amount awarded to an employer.

In most profit-sharing plans,about _____ of the net profit is shared.

Perquisites are special nonmonetary benefits given to executive employees.

Which of the following is NOT one of the simple rules for maintaining motivation among professionals?

An advantage of using a straight salary plan to compensate sales employees is that employees are paid for performing only sales effort.

Executive base salaries represent between _____ percent of the total annual compensation.

Profit sharing refers to any procedure by which an employer pays employees:

Sales incentives can be affected by external factors beyond a salesperson's control.