Question 1

Describe private pension plans.

Accepted Answer

In private pension plans,contributions a

Question 2

Summarize the potential limitations of group incentive plans.

Accepted Answer

Group incentives plans have a number of

Question 3

Under the employee stock ownership plan,the employees gradually gain a major stake in the ownership of the firm.

Accepted Answer

A) True 
 B)False

Question 4

Which one of the following is considered as a criterion for money to be effective in the organizational reward system?

Accepted Answer

A)  The system must be uniform. 
B)  The system must be as objective as possible. 
C)  The system must be administered contingently on the employee's exhibiting critical performance behaviors. 
D)  The system must be administered contingently on the employee's experience. 
A)  The system must be uniform. 
B)  The system must be as objective as possible. 
C)  The system must be administered contingently on the employee's exhibiting critical performance behaviors. 
D)  The system must be administered contingently on the employee's experience.

Question 5

According to Kerr,which one of the following is NOT mentioned as a consideration for an organization that is planning an effective pay system for rewarding people?

Accepted Answer

A)  The organization must ask itself what outcomes it is seeking. 
B)  The organization must plan to sustain the improved results,if any. 
C)  The organization must tie its rewards to these outcomes. 
D)  The enterprise must be able to measure these results. 
A)  The organization must ask itself what outcomes it is seeking. 
B)  The organization must plan to sustain the improved results,if any. 
C)  The organization must tie its rewards to these outcomes. 
D)  The enterprise must be able to measure these results.

Question 6

The pay-for-performance plans have the ability to punish low performance.

Accepted Answer

A) True 
 B)False

Question 7

A growing number of firms that have implemented a well-structured,formal recognition system have experienced a dramatic improvement in the _____ of their best employees.

Accepted Answer

A)  productivity 
B)  ethical behavior 
C)  feedback 
D)  retention 
A)  productivity 
B)  ethical behavior 
C)  feedback 
D)  retention

Question 8

Which of the following allows employees to make tax-deductible contributions to a pension,savings,or an individual retirement account (IRA)?

Accepted Answer

A)  Economic Recovery Act of 1981 
B)  Employee Retirement Income Security Act of 1974 
C)  Family and Medical Leave Act of 1993 
D)  Civil Rights Act of 1991 
A)  Economic Recovery Act of 1981 
B)  Employee Retirement Income Security Act of 1974 
C)  Family and Medical Leave Act of 1993 
D)  Civil Rights Act of 1991

Question 9

According to the text,which of the following is given as one of the major reason for the recent economic crisis?

Accepted Answer

A)  The owners of a corporation minimize costs and work to increase the stock value of the enterprise. 
B)  Managers have much shorter time horizons and their bonuses or merit pay may be tied closely to how well they performed in the last four quarters. 
C)  Managers are willing to accept losses in return for the increased opportunity for greater profits and market share. 
D)  Managers are more interested in expending corporate resources on activities that do not directly contribute to owner wealth. 
A)  The owners of a corporation minimize costs and work to increase the stock value of the enterprise. 
B)  Managers have much shorter time horizons and their bonuses or merit pay may be tied closely to how well they performed in the last four quarters. 
C)  Managers are willing to accept losses in return for the increased opportunity for greater profits and market share. 
D)  Managers are more interested in expending corporate resources on activities that do not directly contribute to owner wealth.

Question 10

Which of the following is the practice of collapsing the traditional large number of salary levels into a small number of salary grades with broad pay ranges?

Accepted Answer

A)  Broad-banding 
B)  Skill pay 
C)  Commissions based beyond sales to customers 
D)  Rewarding leadership effectiveness 
A)  Broad-banding 
B)  Skill pay 
C)  Commissions based beyond sales to customers 
D)  Rewarding leadership effectiveness

Question 11

In which of the following system,besides sales volume,the reward is determined by customer satisfaction and sales team outcomes such as meeting revenue or profit goals?

Accepted Answer

A)  Commissions based beyond sales to customers 
B)  Rewarding new goals 
C)  Pay for knowledge workers in teams 
D)  Competency pay 
A)  Commissions based beyond sales to customers 
B)  Rewarding new goals 
C)  Pay for knowledge workers in teams 
D)  Competency pay

Question 12

Under the flexible,cafeteria-style benefits arrangement,the organization will establish a budgeted amount that it is willing to spend per employee,and the individual is then allowed to decide how to spend this money.

Accepted Answer

A) True 
 B)False

Question 13

What are the different steps that need to be followed to effectively manage a formal and informal recognition program?

Accepted Answer

The following steps need to be followed

Question 14

The efficiency wage theory is particularly useful in explaining the importance of offering benefits that appeal to and are needed by today's employees to make them satisfied,stress free,and productive.

Accepted Answer

A) True 
 B)False

Question 15

Owners may have longer time horizons because their goal is to maximize their value over time.

Accepted Answer

A) True 
 B)False

Question 16

Gain-sharing plans are designed to share with the group or team the net gains from productivity improvements.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following plans were particularly popular during the height of the scientific management movement over a hundred years ago?

Accepted Answer

A)  Individual incentive pay plan 
B)  Base pay plan 
C)  Merit pay plan 
D)  Group incentive pay plan 
A)  Individual incentive pay plan 
B)  Base pay plan 
C)  Merit pay plan 
D)  Group incentive pay plan

Question 18

Agency theory seeks to explain:

Accepted Answer

A)  how owners and managers may vary in their approach to risk taking. 
B)  how owners are more effective than managers in using pay and other forms of compensation to effectively run the organization. 
C)  differences in time horizons between managers and lower-level employees. 
D)  how owners and managers are similar while making decisions during a high stress situation. 
A)  how owners and managers may vary in their approach to risk taking. 
B)  how owners are more effective than managers in using pay and other forms of compensation to effectively run the organization. 
C)  differences in time horizons between managers and lower-level employees. 
D)  how owners and managers are similar while making decisions during a high stress situation.

Question 19

Pay is inversely proportional to morale.

Accepted Answer

A) True 
 B)False

Question 20

All of these are disadvantages of the group incentive plan EXCEPT:

Accepted Answer

A)  it de-emphasizes individual performance and rewards the non-productive as well. 
B)  the rewards may be realized decades later reducing the day-to-day performance motivation. 
C)  it focuses the group on specific performance targets. 
D)  employees may come to regard the quarterly or annual group rewards as part of their base salary and expect them every year. 
A)  it de-emphasizes individual performance and rewards the non-productive as well. 
B)  the rewards may be realized decades later reducing the day-to-day performance motivation. 
C)  it focuses the group on specific performance targets. 
D)  employees may come to regard the quarterly or annual group rewards as part of their base salary and expect them every year.

Describe private pension plans.

Summarize the potential limitations of group incentive plans.

Under the employee stock ownership plan,the employees gradually gain a major stake in the ownership of the firm.

Which one of the following is considered as a criterion for money to be effective in the organizational reward system?

According to Kerr,which one of the following is NOT mentioned as a consideration for an organization that is planning an effective pay system for rewarding people?

The pay-for-performance plans have the ability to punish low performance.

A growing number of firms that have implemented a well-structured,formal recognition system have experienced a dramatic improvement in the _____ of their best employees.

Which of the following allows employees to make tax-deductible contributions to a pension,savings,or an individual retirement account (IRA)?

According to the text,which of the following is given as one of the major reason for the recent economic crisis?

Which of the following is the practice of collapsing the traditional large number of salary levels into a small number of salary grades with broad pay ranges?

In which of the following system,besides sales volume,the reward is determined by customer satisfaction and sales team outcomes such as meeting revenue or profit goals?

Under the flexible,cafeteria-style benefits arrangement,the organization will establish a budgeted amount that it is willing to spend per employee,and the individual is then allowed to decide how to spend this money.

What are the different steps that need to be followed to effectively manage a formal and informal recognition program?

The efficiency wage theory is particularly useful in explaining the importance of offering benefits that appeal to and are needed by today's employees to make them satisfied,stress free,and productive.

Owners may have longer time horizons because their goal is to maximize their value over time.

Gain-sharing plans are designed to share with the group or team the net gains from productivity improvements.

Which of the following plans were particularly popular during the height of the scientific management movement over a hundred years ago?

Agency theory seeks to explain:

Pay is inversely proportional to morale.

All of these are disadvantages of the group incentive plan EXCEPT:

Introduction to Organizational Behavior: an Evidence-Based Approach

Environmental Context: Globalization, diversity, and Ethics

Organizational Context: Design and Culture

Personality,perception,and Employee Attitudes

Motivational Needs,processes,and Applications

Positive Organizational Behavior and Psychological Capital

Communication and Decision Making

Stress and Conflict

Power and Politics

Groups and Teams

Behavioral Performance Management

Effective Leadership Processes

Great Leaders: an Evidenced-Based Approach

Filters

Exam 4: Organizational Context: Reward Systems

Describe private pension plans.

Summarize the potential limitations of group incentive plans.

Under the employee stock ownership plan,the employees gradually gain a major stake in the ownership of the firm.

Which one of the following is considered as a criterion for money to be effective in the organizational reward system?

According to Kerr,which one of the following is NOT mentioned as a consideration for an organization that is planning an effective pay system for rewarding people?

The pay-for-performance plans have the ability to punish low performance.

A growing number of firms that have implemented a well-structured,formal recognition system have experienced a dramatic improvement in the _____ of their best employees.

Which of the following allows employees to make tax-deductible contributions to a pension,savings,or an individual retirement account (IRA)?

According to the text,which of the following is given as one of the major reason for the recent economic crisis?

Which of the following is the practice of collapsing the traditional large number of salary levels into a small number of salary grades with broad pay ranges?

In which of the following system,besides sales volume,the reward is determined by customer satisfaction and sales team outcomes such as meeting revenue or profit goals?

Under the flexible,cafeteria-style benefits arrangement,the organization will establish a budgeted amount that it is willing to spend per employee,and the individual is then allowed to decide how to spend this money.

What are the different steps that need to be followed to effectively manage a formal and informal recognition program?

The efficiency wage theory is particularly useful in explaining the importance of offering benefits that appeal to and are needed by today's employees to make them satisfied,stress free,and productive.

Owners may have longer time horizons because their goal is to maximize their value over time.

Gain-sharing plans are designed to share with the group or team the net gains from productivity improvements.

Which of the following plans were particularly popular during the height of the scientific management movement over a hundred years ago?

Agency theory seeks to explain:

Pay is inversely proportional to morale.

All of these are disadvantages of the group incentive plan EXCEPT:

Introduction to Organizational Behavior: an Evidence-Based Approach

Environmental Context: Globalization, diversity, and Ethics

Organizational Context: Design and Culture

Personality,perception,and Employee Attitudes

Motivational Needs,processes,and Applications

Positive Organizational Behavior and Psychological Capital

Communication and Decision Making

Stress and Conflict

Power and Politics

Groups and Teams

Behavioral Performance Management

Effective Leadership Processes

Great Leaders: an Evidenced-Based Approach

Filters