Exam 13: Recognizing Employee Contributions With Pay

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Brendan,the HR manager at Baretta & Co.,is trying to implement an effective group incentive plan which measures increases in productivity and effectiveness and distributes a portion of its earnings to all employees.In this case,Brendan should apply the incentive scheme of _____.

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Elaborate on how gainsharing can be successful as a form of group incentive.

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The differential piece rates system refers to:

(Multiple Choice)
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Explain how employee stock ownership plans differ from stock options?

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Which of the following statements is true about a piecework rate plan?

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A piecework rate plan is best suited for:

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Which of the following is a long-term incentive?

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Under profit sharing,payments are a percentage of the organization's profits and become part of the employees' base salary.

(True/False)
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Wayan Inc.,a health care insurance company,pays an incentive based on the average work per hour.Wayan pays $10 for billing 20 medical charts per hour.An employee who bills 30 charts would earn $15 per hour.Hence,Wayan pays the same rate per chart no matter how many charts an employee produces per hour.Which of the following is being exemplified in this scenario?

(Multiple Choice)
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An employee stock ownership plan is an arrangement in which the organization distributes shares of stock to all its employees by placing it in a trust.

(True/False)
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_____ is a group incentive program that measures improvements in productivity and effectiveness and distributes a portion of each gain to employees.

(Multiple Choice)
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Jupiter Systems,an information technology company,determines a particular time to complete a particular task.Even if an employee completes the allotted task before the time of completion,the employee receives an amount of pay equal to the wage for the designated time.Which of the following payment methods is exemplified in this scenario?

(Multiple Choice)
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Songreen Inc.,a firm that manufactures ready-to-eat soups,offers incentives based on an employee's performance rating and the employee's compa-ratio.Which of the following payment plans is exemplified in this scenario?

(Multiple Choice)
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To make the merit increases consistent,administrators of merit pay programs must closely monitor the compa-ratio and the:

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Incentive pay for executives lays the groundwork for significant ethical issues.

(True/False)
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What are the different types of piecework rates? Explain each of them.

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Which of the following is a reason for ESOPs' popularity?

(Multiple Choice)
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Which of the following best describes a balanced scorecard?

(Multiple Choice)
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ESOP denies employees the right to participate in votes by shareholders even if the stock is registered on a national exchange.

(True/False)
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Which of the following incentive plans are specifically designed to promote group performance?

(Multiple Choice)
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