Exam 10: Pay-For-Performance: Incentive Rewards

For incentive plans to be successful,one of the most critical requirements is that managers be willing to grant incentives based on differences in individuals,teams,or organizational criteria.

(True/False)

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Question 81

Gainsharing plans are designed to increase employee job satisfaction and improve customer awareness.

(True/False)

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Question 82

Identify the principal methods for compensating salespersons and the advantages of each method.

(Essay)

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Question 83

The idea behind the Scanlon Plan is that employees should not only offer ideas to improve productivity,but should also be rewarded for those ideas.

(True/False)

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Question 84

Stock options have become popular in service organizations,but have lost favor in manufacturing firms.

(True/False)

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Question 85

The success of the Lincoln Electric Company profit-sharing plan rests largely on:

(Multiple Choice)

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Question 86

Discuss the advantages of incentive pay programs.

(Essay)

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Question 87

Group incentive plans do all of the following except:

(Multiple Choice)

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Question 88

Stock options are rights attached to the achievement of specific organizational objectives.

(True/False)

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Question 89

Straight commission plans may induce salespeople to grant price concessions.

(True/False)

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Question 90

Compensation specialists recognize all the following generations of employees except:

(Multiple Choice)

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Question 91

Enterprise incentive plans allow all organizational members to participate in the plan's payout.

(True/False)

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Question 92

Fixed pay is more flexible than variable pay.

(True/False)

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Question 93

Discuss the problems identified with merit raises.As a manager what would you do to insure that merit raises fulfilled their intended value?

(Essay)

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Question 94

One word,_____,describes the design of individual incentive plans

(Multiple Choice)

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Question 95

According to one budget survey,what percentage of reporting organizations use variable pay?

(Multiple Choice)

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Question 96

Sales incentives can be affected by external factors beyond the salespersons control.

(True/False)

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Question 97

The performance "threshold" in incentive plans is the name given to the amount of the award.

(True/False)

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Question 98

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

(Multiple Choice)

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Question 99

Compensation committees justify large executive salaries and bonuses in part because good executive talent is in high demand.

(True/False)

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Question 100

Showing 81 - 100 of 136

For incentive plans to be successful,one of the most critical requirements is that managers be willing to grant incentives based on differences in individuals,teams,or organizational criteria.

Gainsharing plans are designed to increase employee job satisfaction and improve customer awareness.

Identify the principal methods for compensating salespersons and the advantages of each method.

The idea behind the Scanlon Plan is that employees should not only offer ideas to improve productivity,but should also be rewarded for those ideas.

Stock options have become popular in service organizations,but have lost favor in manufacturing firms.

The success of the Lincoln Electric Company profit-sharing plan rests largely on:

Discuss the advantages of incentive pay programs.

Group incentive plans do all of the following except:

Stock options are rights attached to the achievement of specific organizational objectives.

Straight commission plans may induce salespeople to grant price concessions.

Compensation specialists recognize all the following generations of employees except:

Enterprise incentive plans allow all organizational members to participate in the plan's payout.

Fixed pay is more flexible than variable pay.

Discuss the problems identified with merit raises.As a manager what would you do to insure that merit raises fulfilled their intended value?

One word,_____,describes the design of individual incentive plans

According to one budget survey,what percentage of reporting organizations use variable pay?

Sales incentives can be affected by external factors beyond the salespersons control.

The performance "threshold" in incentive plans is the name given to the amount of the award.

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

Compensation committees justify large executive salaries and bonuses in part because good executive talent is in high demand.

The Challenge of Human Resources Management

Strategy and Human Resources Planning

Equal Employment Opportunity and Human Resources Management

Job Analysis and Job Design

Expanding the Talent Pool: Recruitment and Careers

Employee Selection

Training and Development

Performance Management and the Employee Appraisal Process

Managing Compensation

Employee Benefits

Promoting Safety and Health

Employee Rights and Discipline

The Dynamics of Labor Relations

International Human Resources Management

Creating High Performance Work Systems

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