Question 1

Which of the following jobs best represents one for which performance is relatively difficult to measure?

Accepted Answer

A) Mowing lawns 
B) Delivering newspapers 
C) Flight attendant 
D) Pharmaceutical sales representative 
E) Advertising campaign manager 
A) Mowing lawns 
B) Delivering newspapers 
C) Flight attendant 
D) Pharmaceutical sales representative 
E) Advertising campaign manager

Question 2

Which of the following terms describes a contract based on information that cannot be observed by courts or arbitrators?

Accepted Answer

A) Explicit incentive contract 
B) Implicit incentive contract 
C) Risk sharing contract 
D) Compensation contract 
E) Pay-for-performance 
A) Explicit incentive contract 
B) Implicit incentive contract 
C) Risk sharing contract 
D) Compensation contract 
E) Pay-for-performance

Question 3

Which of the following terms best describes the principle stating that when allocating effort among a variety of tasks,employees will tend to exert more effort toward those tasks that are rewarded?

Accepted Answer

A) Effort allocation principle 
B) Premium principle 
C) Compensation principle 
D) Risk-reward principle 
E) Multitask principle 
A) Effort allocation principle 
B) Premium principle 
C) Compensation principle 
D) Risk-reward principle 
E) Multitask principle

Question 4

What type of performance measurement based process was used to determine Jack Welch's successor,Jeffrey Immelt,as CEO of GE?

Accepted Answer

A) Ratings compression 
B) Merit ratings system 
C) 360-degree peer review system 
D) Promotion tournament 
E) Management-by-objective system 
A) Ratings compression 
B) Merit ratings system 
C) 360-degree peer review system 
D) Promotion tournament 
E) Management-by-objective system

Question 5

Which of the following terms best describes the situation in which a set of employees competes to win a promotion?

Accepted Answer

A) Promotion criteria 
B) Forced ranking system 
C) Ratings compression 
D) Merit ratings system 
E) Promotion tournament 
A) Promotion criteria 
B) Forced ranking system 
C) Ratings compression 
D) Merit ratings system 
E) Promotion tournament

Which of the following jobs best represents one for which performance is relatively difficult to measure?

Which of the following terms describes a contract based on information that cannot be observed by courts or arbitrators?

Which of the following terms best describes the principle stating that when allocating effort among a variety of tasks,employees will tend to exert more effort toward those tasks that are rewarded?

What type of performance measurement based process was used to determine Jack Welch's successor,Jeffrey Immelt,as CEO of GE?

Which of the following terms best describes the situation in which a set of employees competes to win a promotion?

Basic Microeconomic Principles

Economies of Scale and Scope

Agency and Coordination

The Power of Principles - an Historical Perspective

The Vertical Boundaries of the Firm

Organizing Vertical Boundariesvertical Integration and Its Alternatives

Diversificationpart Threemarket and Competitive Analysis

Competitors and Competition

Strategic Commitment

The Dynamics of Pricing Rivalry

Entry and Exit

Industry Analysispart Fourstrategic Position and Dynamics

Strategic Positioning for Competitive Advantage

Sustaining Competitive Advantage

The Origins of Competitive Advantage, innovation, evolution, and Environment part Five internal Organization

Strategy and Structure

Environment, power, and Culture

Filters

Exam 16: Performance Measurement and Incentives in Firms

Which of the following jobs best represents one for which performance is relatively difficult to measure?

Which of the following terms describes a contract based on information that cannot be observed by courts or arbitrators?

Which of the following terms best describes the principle stating that when allocating effort among a variety of tasks,employees will tend to exert more effort toward those tasks that are rewarded?

What type of performance measurement based process was used to determine Jack Welch's successor,Jeffrey Immelt,as CEO of GE?

Which of the following terms best describes the situation in which a set of employees competes to win a promotion?

Basic Microeconomic Principles

Economies of Scale and Scope

Agency and Coordination

The Power of Principles - an Historical Perspective

The Vertical Boundaries of the Firm

Organizing Vertical Boundariesvertical Integration and Its Alternatives

Diversificationpart Threemarket and Competitive Analysis

Competitors and Competition

Strategic Commitment

The Dynamics of Pricing Rivalry

Entry and Exit

Industry Analysispart Fourstrategic Position and Dynamics

Strategic Positioning for Competitive Advantage

Sustaining Competitive Advantage

The Origins of Competitive Advantage, innovation, evolution, and Environment part Five internal Organization

Strategy and Structure

Environment, power, and Culture

Filters