Question 1

Another name for incentive pay is ________ pay.

Accepted Answer

variable

Question 2

This method reinforces cooperation among team members except when team members perceive differences in other members' performances.

Accepted Answer

A) differential incentive payments approach 
B) differential payments by ratio of base pay 
C) equal incentives payment approach 
D) small group incentive plans 
A) differential incentive payments approach 
B) differential payments by ratio of base pay 
C) equal incentives payment approach 
D) small group incentive plans C

Question 3

On which team is membership relatively permanent and members work full-time?

Accepted Answer

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

Question 4

Which of the following is true of most general stock compensation plans?

Accepted Answer

A) The company stock shares represent equity segments of equal value. 
B) Employees own the stock upon purchase. 
C) Company stock represents partial equity in the company. 
D) Stock options refer to what an employee can do with the stock once they purchase it. 
A) The company stock shares represent equity segments of equal value. 
B) Employees own the stock upon purchase. 
C) Company stock represents partial equity in the company. 
D) Stock options refer to what an employee can do with the stock once they purchase it.

Question 5

To have better safety records,XYZ Company gives monetary incentive awards to its workers for lower accident rates due to improper use of heavy equipment.Which of the following incentive plans describes this example?

Accepted Answer

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

Question 6

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

Accepted Answer

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

Question 7

________ profit sharing plans place cash awards in trust accounts for employees and are set aside on employees' behalf as a source of retirement income.

Accepted Answer

The answer of ________ profit sharing plans place cash awards...

Question 8

Customer satisfaction,labor cost savings,materials cost savings,and reduction in accidents were listed as typical performance measures for which type of incentive plan?

Accepted Answer

A) individual 
B) group 
C) company-wide 
D) executive 
A) individual 
B) group 
C) company-wide 
D) executive

Question 9

The sales value of production (SVOP)is the sum of sales ________ plus the value of goods in inventory.

Accepted Answer

The answer of The sales value of production (SVOP)is the...

Question 10

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

Accepted Answer

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

Question 11

Which gain sharing plan focuses on lowering the percentage of labor costs using a value-added formula?

Accepted Answer

A) Rucker Plan 
B) Scanlon Plan 
C) behavior encouragement plan 
D) Improshare 
A) Rucker Plan 
B) Scanlon Plan 
C) behavior encouragement plan 
D) Improshare

Question 12

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 such a program.

Accepted Answer

The first factor to consider is whether

Question 13

This incentive plan has a buy-back provision.

Accepted Answer

A) ESOPs 
B) Rucker 
C) Improshare 
D) Scanlon 
A) ESOPs 
B) Rucker 
C) Improshare 
D) Scanlon

Question 14

With which profit sharing formula does the profit sharing pool become funded only after profits exceed a predetermined level but fall below some established maximum level?

Accepted Answer

A) fixed first-dollar-of-profits 
B) profitability threshold 
C) graduated first-dollar-of-profit 
D) equal payments 
A) fixed first-dollar-of-profits 
B) profitability threshold 
C) graduated first-dollar-of-profit 
D) equal payments

Question 15

Which of the following is true regarding group incentive plans as opposed to individual incentive plans?

Accepted Answer

A) There are more groups in a company than individuals to measure. 
B) Individual group members usually work more efficiently alone than in cohesive groups. 
C) It is easier to develop performance measures for individual incentive plans than group incentive plans. 
D) It is easier to develop performance measures for group incentive plans than individual incentive plans. 
A) There are more groups in a company than individuals to measure. 
B) Individual group members usually work more efficiently alone than in cohesive groups. 
C) It is easier to develop performance measures for individual incentive plans than group incentive plans. 
D) It is easier to develop performance measures for group incentive plans than individual incentive plans.

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

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

Question 18

The main disadvantage of group incentive compensation is employee ________.

Accepted Answer

The answer of The main disadvantage of group incentive compensation...

Question 19

Which of the following is true of incentive pay?

Accepted Answer

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

This type of individual incentive plan rewards employees who recruit new customers or new employees.

Accepted Answer

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

Another name for incentive pay is ________ pay.

This method reinforces cooperation among team members except when team members perceive differences in other members' performances.

On which team is membership relatively permanent and members work full-time?

Which of the following is true of most general stock compensation plans?

To have better safety records,XYZ Company gives monetary incentive awards to its workers for lower accident rates due to improper use of heavy equipment.Which of the following incentive plans describes this example?

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

________ profit sharing plans place cash awards in trust accounts for employees and are set aside on employees' behalf as a source of retirement income.

Customer satisfaction,labor cost savings,materials cost savings,and reduction in accidents were listed as typical performance measures for which type of incentive plan?

The sales value of production (SVOP)is the sum of sales ________ plus the value of goods in inventory.

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

Which gain sharing plan focuses on lowering the percentage of labor costs using a value-added formula?

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 such a program.

This incentive plan has a buy-back provision.

With which profit sharing formula does the profit sharing pool become funded only after profits exceed a predetermined level but fall below some established maximum level?

Which of the following is true regarding group incentive plans as opposed to individual incentive plans?

What is the main objective of Scanlon plans?

Which of the following is true concerning incentive pay?

The main disadvantage of group incentive compensation is employee ________.

Which of the following is true of incentive pay?

This type of individual incentive plan rewards employees who recruit new customers or new employees.

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

Employer-Sponsored Retirement Plans and Health Insurance Programs

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

Another name for incentive pay is ________ pay.

This method reinforces cooperation among team members except when team members perceive differences in other members' performances.

On which team is membership relatively permanent and members work full-time?

Which of the following is true of most general stock compensation plans?

To have better safety records,XYZ Company gives monetary incentive awards to its workers for lower accident rates due to improper use of heavy equipment.Which of the following incentive plans describes this example?

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

________ profit sharing plans place cash awards in trust accounts for employees and are set aside on employees' behalf as a source of retirement income.

Customer satisfaction,labor cost savings,materials cost savings,and reduction in accidents were listed as typical performance measures for which type of incentive plan?

The sales value of production (SVOP)is the sum of sales ________ plus the value of goods in inventory.

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

Which gain sharing plan focuses on lowering the percentage of labor costs using a value-added formula?

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 such a program.

This incentive plan has a buy-back provision.

With which profit sharing formula does the profit sharing pool become funded only after profits exceed a predetermined level but fall below some established maximum level?

Which of the following is true regarding group incentive plans as opposed to individual incentive plans?

What is the main objective of Scanlon plans?

Which of the following is true concerning incentive pay?

The main disadvantage of group incentive compensation is employee ________.

Which of the following is true of incentive pay?

This type of individual incentive plan rewards employees who recruit new customers or new employees.

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

Employer-Sponsored Retirement Plans and Health Insurance Programs

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