Exam 12: Recognizing Employee Contributions With Pay

Explain why it is crucial to communicate the reasons for any changes in a compensation system to employees. Describe various ways an organization can communicate these changes.

Performing interesting work is an example of an extrinsic reward.

When an organization has a growth strategy, the short-run pay level and benefit level tend to be below market level.

In the _____ dimension, employees base their fairness assessments on the processes that were used to decide the amount of compensation.

Agents prefer a behavior-based contract when _____.

Employees assess fairness along the distributive dimension when their assessment is based on _____.

Which of the following is most likely to provide intrinsic motivation?

Which of the following theories suggests that high employee performance not followed by a monetary reward will make future high performance less likely?

Which of the following is a compensation program that would best support an organizational culture of cooperation and problem solving?

Which of the following compensation programs uses a management style that gives importance to control?

Discuss any five governance practices that support director independence from management.

Which of the following statements about outcome-oriented or behavior-oriented contracts is true?

Which of the following is true of how the agency theory views monitoring?

_____ can be described as a function of ability and motivation.

Which of the following is likely to occur when pay for performance with stronger incentive intensity is replaced with one having a weaker incentive pay?

Which of the following is a tool that allows companies to track financial results while simultaneously monitoring progress in building the capabilities and acquiring the intangible assets they would need for future growth?

The _____ requires companies to report compensation levels for the five highest paid executives and the company's performance relative to that of competitors over a five-year period.

In a(n)_____ plan, performance is usually measured as physical output and the payment is not rolled into the base pay.

A(n)_____ plan gives employees the opportunity to buy the company's shares at a previously fixed price.

Which of the following components is a perceived link between behavior and pay?