Quiz 11: Employee Incentives And Benefits

Human Resource Management

Business
109
Questions
22
True/False
77
Choices
10
Essay
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Questions

Q1
Free

__________is compensation that depends on some measure of individual or group performance or results in order to be awarded.

Multiple Choice
expand_more
A) Variable pay
B) Merit pay
C) Vesting
D) Golden parachutes
E) Perquisites
Answer:
A) Variable pay
Q2
Free

One advantage of ______ is "promoting the link between performance and results."

Multiple Choice
expand_more
A) professional incentives
B) individual incentives
C) group incentives
D) benefits
E) executive incentives
Answer:
B) individual incentives
Q3
Free

A disadvantage of __________ is that "many jobs have no direct output."

Multiple Choice
expand_more
A) individual incentives
B) executive incentives
C) benefits
D) group incentives
E) professional incentives
Answer:
A) individual incentives
Q4

Individual incentives:

Multiple Choice
expand_more
A) may motivate undesirable behaviors in the workforce.
B) assist in maximizing teamwork.
C) do not promote a link between performance and results.
D) require less supervision than group incentives.
E) are easier to develop than group incentives.
Answer:

A) You need to subscribe to get the answer.

Q5

At the beginning of the quarter, Marcus sat down with his manager and set three goals for the next three months. The achievement of each goal will depend on Marcus. No one else in his work group can affect the work toward the goal. Which advantage of individual incentives does this illustrate?

Multiple Choice
expand_more
A) Easy to evaluate employee's effect on team
B) Ability to match rewards to employee desires
C) Promotes the link between performance and results
D) May motivate less productive employees to work harder
E) None of the above
Answer:

A) You need to subscribe to get the answer.

Q6

Gainsharing plans are:

Multiple Choice
expand_more
A) basically the same thing as profit sharing plans.
B) based on any organization factor whose costs can be calculated, where a share of the gain is provided to the employees.
C) based on employee stock ownership at a level of at least 50% ownership in the firm, where employees provide gains to the company through ownership.
D) direct ownership plans that transfer value of the company to employees based on gains in productivity over the course of each year.
E) individual incentives that measure employee weight gain or loss and pay employees who lose weight an incentive payment.
Answer:

A) You need to subscribe to get the answer.

Q7

_______________ placed some significant limits on executive pay in public corporations and added new requirements for both reporting of compensation and of shareholder involvement with executive compensation.

Multiple Choice
expand_more
A) Executive Compensation and Shareholder Involvement Act of 2010
B) The Madison Avenue Wall Street Reform and Consumer Protection Act of 2008
C) The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
D) The Wall Street Compensation and Shareholder Involvement Act of 2008
E) The Wagner-Tate Executive Reporting Act of 2009
Answer:

A) You need to subscribe to get the answer.

Q8

A routine component of executive compensation, common "perks" include all of the following except:

Multiple Choice
expand_more
A) stock options.
B) use of company cars and aircraft.
C) home security systems.
D) club memberships.
E) tax planning assistance.
Answer:

A) You need to subscribe to get the answer.

Q9

Stock incentives, long-term bonuses, and perks are all common _____________ to help the executives act in manners favorable to the firm.

Multiple Choice
expand_more
A) executive incentives
B) equity incentives
C) pay differentials
D) administration benefits
E) exit pay programs
Answer:

A) You need to subscribe to get the answer.

Q10

Whitney earns about $100,000 a year. She and her employer both pay 6.2 percent of Whitney's pay into __________ by withholding the money from Whitney's pay check.

Multiple Choice
expand_more
A) Social Security
B) Medicare
C) unemployment insurance
D) retirement
E) exit pay
Answer:

A) You need to subscribe to get the answer.

Q11

Social Security includes all the following EXCEPT:

Multiple Choice
expand_more
A) retirement
B) disability benefits
C) Medicare
D) survivor benefits
E) workers' compensation
Answer:

A) You need to subscribe to get the answer.

Q12

The insurance program designed to provide medical treatment and temporary payments to employees who cannot work because of an employment-related injury or illness is:

Multiple Choice
expand_more
A) unemployment insurance
B) workers' compensation
C) government disability insurance
D) Social Security disability
E) portability option
Answer:

A) You need to subscribe to get the answer.

Q13

Which entity manages mandatory workers' compensation programs?

Multiple Choice
expand_more
A) The federal government
B) Regional governments
C) State governments
D) Municipal governments
E) County governments
Answer:

A) You need to subscribe to get the answer.

Q14

A(n) __________ would be used to measure how often claims are made against a workers' compensation insurance policy.

Multiple Choice
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A) test history
B) analysis rating
C) volume match
D) experience rating
E) insurance record
Answer:

A) You need to subscribe to get the answer.

Q15

Worker's compensation insurance rates are determined by all factors EXCEPT:

Multiple Choice
expand_more
A) the risk of occupation
B) the frequency and severity of past claims
C) past judge and jury awards to victims
D) level of benefit payable, based on state regulations
E) None of the above
Answer:

A) You need to subscribe to get the answer.

Q16

Paige was working on a graphic design project for her employer when she cut her hand with scissors and needed stitches. Her employer paid for the doctor's visit to get the stitches under _________.

Multiple Choice
expand_more
A) Social Security
B) Medicare
C) unemployment insurance
D) worker's compensation
E) None of the above
Answer:

A) You need to subscribe to get the answer.

Q17

A worker would most likely be eligible for unemployment if they:

Multiple Choice
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A) quit their job voluntarily.
B) were terminated for cause.
C) start their own business after being terminated from another company.
D) are actively looking for work.
E) fail to disclose any money earned while claiming unemployment.
Answer:

A) You need to subscribe to get the answer.

Q18

Due to a recession, Lauren was laid off by her organization. To avoid having Lauren and other laid-off workers stop spending money and thus deepen the recession, __________ will help them maintain some income.

Multiple Choice
expand_more
A) Social Security
B) Medicare
C) unemployment insurance
D) worker's compensation
E) leave pay
Answer:

A) You need to subscribe to get the answer.

Q19

Regular FMLA leave is typically associated with __________ leave?

Multiple Choice
expand_more
A) 6 weeks paid
B) 6 weeks unpaid
C) 12 weeks paid
D) 12 weeks unpaid
E) 18 weeks unpaid
Answer:

A) You need to subscribe to get the answer.

Q20

FMLA affects companies with __ or more employees within 75 miles of a central location.

Multiple Choice
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A) 15
B) 20
C) 30
D) 50
E) 100
Answer:

A) You need to subscribe to get the answer.

Q21

FMLA leave, when associated with care of a service member, is allowed for as many as ____ workweeks in a 12-month period.

Multiple Choice
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A) 6
B) 12
C) 18
D) 26
E) 36
Answer:

A) You need to subscribe to get the answer.

Q22

Upon completion of FMLA leave, the employee will return to work to:

Multiple Choice
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A) any open position
B) an equivalent position
C) a position of promotion
D) any part-time position
E) None of the above
Answer:

A) You need to subscribe to get the answer.

Q23

Alfred has requested unpaid leave to care for his wife. She was injured while serving in the army in Afghanistan. Alfred may be able to take this leave and return to his original job (or an equivalent one) under ________.

Multiple Choice
expand_more
A) Social Security
B) the Affordable Care Act
C) the Family and Medical Leave Act
D) Medicare`/
E) high-deductible health plan (HDHP)
Answer:

A) You need to subscribe to get the answer.

Q24

Matthew has just had a child placed in his foster care. He has requested unpaid leave to care for the child. Matthew may be able to take this leave and return to his original job (or an equivalent one) under ________.

Multiple Choice
expand_more
A) Social Security
B) the Affordable Care Act
C) the Family and Medical Leave Act
D) Medicare
E) high-deductible health plan (HDHP)
Answer:

A) You need to subscribe to get the answer.

Q25

The Patient Protection and Affordable Care Act of 2010 mandates that companies with at least ______ employees provide health care coverage or face penalties for not providing health insurance.

Multiple Choice
expand_more
A) 15
B) 20
C) 50
D) 75
E) 100
Answer:

A) You need to subscribe to get the answer.

Q26

Abigail runs a small business of 55 employees. She is working hard to find a way to provide health benefits to all her employees by 2016 to be in compliance with __________.

Multiple Choice
expand_more
A) Social Security
B) the Affordable Care Act
C) the Family and Medical Leave Act
D) Medicare
E) high-deductible health plan (HDHP)
Answer:

A) You need to subscribe to get the answer.

Q27

__________is a law that requires employers to offer to maintain health insurance on individuals who leave their employment (for a period of time).

Multiple Choice
expand_more
A) high-deductible health plan (HDHP)
B) COBRA
C) Traditional Health Care Plans
D) Defined Benefit Plan
E) PBGC
Answer:

A) You need to subscribe to get the answer.

Q28

__________ refers to a maximum amount of time beyond which the employee will have unfettered access to their retirement funds, both employee contributions and employer contributions.

Multiple Choice
expand_more
A) Golden Parachutes
B) Defined Benefit Plan
C) Perquisites
D) Vesting
E) Variable Pay
Answer:

A) You need to subscribe to get the answer.

Q29

__________is a governmental corporation established within the Department of Labor whose purpose is to insure retirement funds from failure.

Multiple Choice
expand_more
A) Golden Parachutes
B) Defined Benefit Plan
C) Pension Benefit Guarantee Corporation
D) Social Loafers
E) high-deductible health plan
Answer:

A) You need to subscribe to get the answer.

Q30

Which of the following types of paid time off is mandatory for U.S. employers?

Multiple Choice
expand_more
A) Paid federal holidays
B) Paid annual leave
C) Paid sick leave
D) Paid personal leave
E) There are no mandatory paid time off requirements for companies in the U.S.
Answer:

A) You need to subscribe to get the answer.

Q31

________ is a voluntary benefit consisting of vacation/annual leave, personal time off, sick days, holidays, and severance pay.

Multiple Choice
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A) Contributory pay
B) Paid time off
C) Deferred compensation
D) Fiduciary rule
E) Family Medical Leave
Answer:

A) You need to subscribe to get the answer.

Q32

While not required, many U.S. employers provide employees with some paid holidays, sick leave, and/or vacation time. These voluntary benefits fall under the category of ________.

Multiple Choice
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A) paid time off
B) group health insurance
C) employee services
D) retirement plans
E) Family Medical Leave
Answer:

A) You need to subscribe to get the answer.

Q33

Laura's organization provides group health insurance that covers a set percentage of fees for medical services such as doctors or in-patient care. It allows her to go to any doctor or provider. Her group health insurance is a ________.

Multiple Choice
expand_more
A) fee-for-service plan
B) health maintenance organization
C) preferred provider organization
D) health savings account service
E) Family Medical Leave
Answer:

A) You need to subscribe to get the answer.

Q34

Tamera's organization provides group health insurance. She has a primary care physician who is her first point of contact for all preventative care and routine medical situations. Her primary care physician can provide her with referrals to specialists, if needed. However, to be covered, the specialists must be within her plan's network. Her group health insurance is a ________.

Multiple Choice
expand_more
A) fee-for-service plan
B) health maintenance organization
C) preferred provider organization
D) health savings account service
E) Family Medical Leave
Answer:

A) You need to subscribe to get the answer.

Q35

Myra's organization provides group health insurance. Under her coverage, Myra can see any physician or go to any medical facility. However, if she goes to a physician or facility outside those identified by her plan, she will have to pay a larger percentage of the costs. Her group health insurance is a ________.

Multiple Choice
expand_more
A) fee-for-service plan
B) health maintenance organization
C) preferred provider organization
D) health savings account service
E) high-deductible health plan
Answer:

A) You need to subscribe to get the answer.

Q36

Paige's organization provides group health insurance. The plan covers "major medical" costs for each employee in any given year that total more than $10,000. Her group health insurance is a ________.

Multiple Choice
expand_more
A) fee-for-service plan
B) health maintenance organization
C) high-deductible health plan
D) health savings account service
E) low-deductible health plan
Answer:

A) You need to subscribe to get the answer.

Q37

Erin knows exactly what benefits she will receive when she retires. She has worked for the organization for 20 years and will receive 65% of the average of her two highest years of pay. Erin's retirement plan is a ________ plan.

Multiple Choice
expand_more
A) defined benefit
B) defined contribution
C) vesting
D) experience
E) high-deductible plan
Answer:

A) You need to subscribe to get the answer.

Q38

Michelle puts $17,500 into her 401(k) retirement plan each year. This type of retirement plan is a ________.

Multiple Choice
expand_more
A) defined benefit
B) defined contribution
C) vesting
D) experience
E) high-deductible plan
Answer:

A) You need to subscribe to get the answer.

Q39

Meghan's organization offers several sets of benefits. One set would appeal to young single employees because it provides more paid time off for personal activities and no reimbursements for child care expenses. Another set would likely appeal to parents with young children because it does provide child care reimbursements and other benefits important to parents, such as life insurance. Meghan's organization is offering a _______ flexible benefits plan.

Multiple Choice
expand_more
A) modular
B) core-plus
C) full-choice
D) defined benefit
E) low-deductible plan
Answer:

A) You need to subscribe to get the answer.

Q40

Rachel's organization offers flexible benefits. Rachel receives some of the same benefits as everyone else in the organization, such as health, dental, and life insurance. However, Rachel was also able to add tuition reimbursement and elder care assistance to her benefits package. Rachel's organization is offering a _______ flexible benefit plan.

Multiple Choice
expand_more
A) modular
B) core-plus
C) full-choice
D) defined benefit
E) low-deductible plan
Answer:

A) You need to subscribe to get the answer.

Q41

Chelsea's organization offers flexible benefits. During the open enrollment period, Chelsea can choose any benefits she wants. She selects several benefits, including elder care coverage to help her care for her mother and extra dental coverage because she knows her daughter will need braces this year. Chelsea's organization is offering a _______ flexible benefit plan.

Multiple Choice
expand_more
A) modular
B) core-plus
C) full-choice
D) defined benefit
E) low-deductible plan
Answer:

A) You need to subscribe to get the answer.

Q42

Alexander's organization offers flexible benefits. The plan has five packages from which Alexander can choose. His organization is offering a _______ flexible benefit plan.

Multiple Choice
expand_more
A) modular
B) core-plus
C) full-choice
D) defined benefit
E) low-deductible plan
Answer:

A) You need to subscribe to get the answer.

Q43

Less productive employees who see others getting valued rewards for performance may be convinced to increase their own performance levels in order to get similar rewards.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q44

Individual incentives may motivate undesirable employee behaviors.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q45

Bonuses are more effective when based on meeting or exceeding a performance goal than when based on a time period.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q46

A "differential piece-rate" system provides the employee with a base wage to complete a certain amount of work plus more money for extra pieces produced.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q47

Group incentives tend to require less supervision than individual incentives.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q48

When providing group incentives, individual efforts and results may get "lost" in the group.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q49

Gainsharing programs can include increased labor productivity, lower labor costs, or improved safety.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q50

If a company with a profit-sharing program does not have any profit during a particular period, the company still has to pay out to all employees.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q51

An Employee Stock Ownership Plan is basically a qualified retirement benefit plan.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q52

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 gave shareholders the right to a non-binding vote on compensation packages for executives.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q53

Employers are required to pay for all of employees' Social Security.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q54

Social Security's disability program and Social Security's retirement program are the same benefit.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q55

Medicare is completely free to the retiree.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q56

All employers pay the same workers' compensation insurance premiums, regardless of the type of industry.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q57

Any individual who becomes unemployed is eligible for unemployment benefits.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q58

The FMLA provides paid leave for 12 weeks for reasons such as the birth/adoption of a child or to care for a family member who has a serious health condition.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q59

Under ACA, employees not covered by a healthcare plan at work are required to go to the state health exchange where they can purchase individual coverage.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q60

If a company chooses to provide health care benefits to employees, they have to follow the COBRA, HIPAA, and ERISA rules.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q61

Traditional health care plans cover a set percentage of fees for medical services"”for either doctors or in-patient care.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q62

A defined benefit plan is a health care plan that provides both health maintenance services and medical care as part of the plan.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q63

Modular plans are much easier for HR to manage than other types of flexible benefit plans because there are a limited number of modules to keep track of, thus making them cheaper.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q64

Flexible benefit plans are gaining ground because our workforce is more diverse than it used to be.

True/False
expand_more
A) True.
B) False.
Answer:

Subscribe First.

Q65

List the various options for individual incentives.

Essay
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Answer:

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Q66

Provide an example of a straight piece-rate plan and of a differential piece-rate plan.

Essay
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Answer:

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Q67

List the various options for group incentives.

Essay
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Answer:

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Q68

List the statutory benefits required by federal law.

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Q69

Identify the main statutory requirements that must be followed if organizations choose to provide health care or retirement plans for their employees.

Essay
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Answer:

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Q70

List the main categories of voluntary benefits available to organizations.

Essay
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Answer:

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Q71

List the organization's options when providing flexible benefit plans to employees.

Essay
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Answer:

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Q72

Identify and describe the main statutory requirements that must be followed if organizations choose to provide health care or retirement plans for their employees.

Essay
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Answer:

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Q73

List and describe the main categories of voluntary benefits available to organizations.

Essay
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Answer:

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Q74

Describe organization's options when providing flexible benefit plans to employees.

Essay
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Answer:

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Q75

When she is not working, Shelby trains to run marathons. She wishes she had more time to travel to various races, but work keeps her busy. Kevin does not want time off work. He needs to earn as much overtime as possible to pay off his college loans. The company recently offered either a week's pay or a week off as the bonus to the salesperson who made the most sales. Both Shelby and Marcus worked hard to win. Which advantage of individual incentives does this illustrate?

Multiple Choice
expand_more
A) Easy to evaluate individual employees
B) Ability to match rewards to employee desires
C) Promotes the link between performance and results
D) May motivate less productive employees to work harder
E) None of the above
Answer:

A) You need to subscribe to get the answer.

Q76

Much fanfare was made about Anthony's latest bonus in the office. He has always been a high performer. However, this year he received an extra-large bonus. His coworker Hannah got a little tired of hearing about Anthony's bonus and decided that next year she would win some of the bonus money. Which advantage of individual incentives does this illustrate?

Multiple Choice
expand_more
A) Easy to evaluate individual employees
B) Ability to match rewards to employee desires
C) Promotes the link between performance and results
D) May motivate less productive employees to work harder
E) None of the above
Answer:

A) You need to subscribe to get the answer.

Q77

Naoyuki is a surgical technologist at a hospital. His job involves helping out during surgeries. Among other things, he hands supplies to surgeons and surgeons' assistants, holds retractors and other instruments, and performs various tasks requested by the surgeon. An individual bonus plan would not work for Naoyuki because of which disadvantage of individual incentives?

Multiple Choice
expand_more
A) Many jobs have no direct output
B) May motivate undesirable employee behaviors
C) Record-keeping burden is high
D) May not fit organizational culture
E) None of the above
Answer:

A) You need to subscribe to get the answer.

Q78

As a product promoter, Emily receives a commission on every sale made as a result of her presentations. However, part of her job also is to keep the area around her display neat and to return the items she promotes to their correct locations following demonstrations. Since Emily does not get a bonus for cleaning up, she leaves her area messy and does not return products following demonstrations. Which disadvantage of individual incentives does this illustrate?

Multiple Choice
expand_more
A) Many jobs have no direct output
B) May motivate undesirable employee behaviors
C) Record-keeping burden is high
D) May not fit organizational culture
E) None of the above
Answer:

A) You need to subscribe to get the answer.

Q79

With the introduction of an individual incentive program, Caitlin has begun spending an hour each day documenting her employees' outcomes. Which disadvantage of individual incentives does this illustrate?

Multiple Choice
expand_more
A) Many jobs have no direct output
B) May motivate undesirable employee behaviors
C) Record-keeping burden is high
D) May not fit organizational culture
E) None of the above
Answer:

A) You need to subscribe to get the answer.

Q80

With the introduction of an individual incentive program, Alexander feels like he is competing with the other members of his team instead of working together with them. While the individual incentive plan could mean more money for some members of the team, most members of the team feel the same way Alexander does. They wish they could go back to working together for a group incentive. Which disadvantage of individual incentives does this illustrate?

Multiple Choice
expand_more
A) Many jobs have no direct output
B) May motivate undesirable employee behaviors
C) Record-keeping burden is high
D) May not fit organizational culture
E) None of the above
Answer:

A) You need to subscribe to get the answer.

Q81

A lump sum payment, typically given to an individual at the end of a period is a(n):

Multiple Choice
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A) commission
B) merit pay
C) bonus
D) exit pay
E) stock option
Answer:

A) You need to subscribe to get the answer.

Q82

Jacob sat down with his supervisor at the beginning of the quarter and set a goal to reduce defects on the assembly line from 5% to 2%. If he achieves this goal by the end of the quarter, he will receive a ________ of $4,000.

Multiple Choice
expand_more
A) bonus
B) commissions
C) merit pay
D) piecework
E) exit pay
Answer:

A) You need to subscribe to get the answer.

Q83

Merit pay:

Multiple Choice
expand_more
A) is a percentage of customer sales paid to the sales person
B) is a lump sum bonus payment
C) is pay for tenure (or length of service) in the organization
D) is a type of bonus that is based on a time period and not on individual performance
E) increases the annual wages of top performers and carries over from year to year
Answer:

A) You need to subscribe to get the answer.

Q84

Acme Global announced that it had $1 million available for pay increases this year. Lindsey was a top performer and hopes to get a 10% __________ incentive.

Multiple Choice
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A) bonus
B) commissions
C) merit pay
D) piecework
E) exit pay
Answer:

A) You need to subscribe to get the answer.

Q85

In which type of individual incentive program does each task have an assigned amount of time for completion?

Multiple Choice
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A) Straight piece-rate plan
B) Differential piece-rate plan
C) Standard hour plan
D) Individual bonus plan
E) Merit payment plan
Answer:

A) You need to subscribe to get the answer.

Q86

Blake worked 40 hours this week but was paid for 45 hours. Blake is paid under a(n) __________ plan.

Multiple Choice
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A) bonus
B) commission
C) merit pay
D) standard hour
E) exit pay
Answer:

A) You need to subscribe to get the answer.

Q87

A _______________ is a payment typically provided to a salesperson for selling an item to a customer and is usually paid as a percentage of the price of an item that is sold.

Multiple Choice
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A) commission
B) employee stock option
C) merit pay
D) piece-rate
E) bonus
Answer:

A) You need to subscribe to get the answer.

Q88

Harold is paid based on a percentage of the value of the products and services he sells. He is being paid by:

Multiple Choice
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A) bonus
B) base pay
C) value pay
D) commission
E) merit
Answer:

A) You need to subscribe to get the answer.

Q89

For every $1,000 of widgets Tanner sells, he receives a _________ of 10%.

Multiple Choice
expand_more
A) bonus
B) commission
C) merit pay
D) piecework
E) exit pay
Answer:

A) You need to subscribe to get the answer.

Q90

_______________ and _______________ are the keys to successful piece-rate plans.

Multiple Choice
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A) Bonuses; feedback
B) Standards; feedback
C) Standards; bonuses
D) Feedback; recognition
E) Recognition; motivation
Answer:

A) You need to subscribe to get the answer.

Q91

Angelique is paid a flat rate of $2 per pair of pants that she sews at work. Angelique is being paid on a:

Multiple Choice
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A) bonus rate basis
B) merit pay basis
C) differential piece-rate system
D) level piece system
E) straight piece-rate system
Answer:

A) You need to subscribe to get the answer.

Q92

Larry produced 40 pressed inner fenders out of sheet metal per hour and got paid $24 per hour ($0.60 x 40), but Michelle only produced 30 inner fenders per hour and got paid $18.00 ($0.60 x 30). What type of compensation program are Larry and Michelle working under?

Multiple Choice
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A) Commission
B) Merit pay
C) Straight piece-rate
D) Bonus
E) Pay differential
Answer:

A) You need to subscribe to get the answer.

Q93

In her organization's _________ plan, Nicole is paid for each widget she produces.

Multiple Choice
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A) bonus
B) commission
C) merit pay
D) piecework
E) exit pay
Answer:

A) You need to subscribe to get the answer.

Q94

One advantage of a ________ is that it "broadens individual outlook."

Multiple Choice
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A) group incentive
B) executive incentive
C) individual incentive
D) professional incentive
E) benefit
Answer:

A) You need to subscribe to get the answer.

Q95

Which type of incentive program is easier to develop?

Multiple Choice
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A) Individual incentive
B) Variable incentive
C) Group incentive
D) Combination incentive
E) Executive incentive
Answer:

A) You need to subscribe to get the answer.

Q96

A common advantage of group incentives is that:

Multiple Choice
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A) the best performers will maximize their efforts to make up for free riders.
B) they broaden the individual outlook of group members.
C) they encourage team members to compete with each other.
D) they always equally reward the performance of all employees.
E) there is very little chance of infighting or conflict with group incentives.
Answer:

A) You need to subscribe to get the answer.

Q97

One disadvantage of group incentives is that individual high-performers may be pressured to ___________ their output to conform to group norms.

Multiple Choice
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A) lower
B) raise
C) retract
D) forget about
E) None of the above
Answer:

A) You need to subscribe to get the answer.

Q98

Social loafers:

Multiple Choice
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A) give100% both individually and in a group setting
B) areshy and reserved in company social settings
C) strive to be recognized as an outstanding performer in a group setting
D) avoid exerting maximum effort in group settings because it is difficult to pick out individual performance
E) usually cause group infighting by intentionally creating conflict.
Answer:

A) You need to subscribe to get the answer.

Q99

_______________ is a breakdown of communication and/or cooperation between individuals in a group.

Multiple Choice
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A) Social loafing
B) Autonomy
C) Conversion deficit
D) Group infighting
E) Ringeffect
Answer:

A) You need to subscribe to get the answer.

What are profit sharing programs?

Multiple Choice
expand_more
A) An individual incentive plan that provides a bonus based on that employee's profitability
B) A program that provides a portion of company proceeds over a specific amount of time to the employees of the firm through a bonus payment
C) An example of giving praise
D) Incentives typically based on improvements in workplace safety of material savings
E) Pretty much the same as a gain sharing program
Answer:

A) You need to subscribe to get the answer.

The link between individual employee actions and the incentives paid to them is most difficult to establish in which type of incentive plan?

Multiple Choice
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A) Bonus
B) Commission
C) Merit pay
D) Piece-rate
E) Profit sharing
Answer:

A) You need to subscribe to get the answer.

At the end of each year, Acme Global's _________ program pays a portion of company proceeds to the employees of the company through a bonus payment.

Multiple Choice
expand_more
A) profit sharing
B) gainsharing
C) employee stock ownership plan
D) stock option
E) exit pay
Answer:

A) You need to subscribe to get the answer.

When the manufacturing department cut waste by 10%, the organization paid each member of the department $500 (a portion of the savings) as a part of the organization's ________ program.

Multiple Choice
expand_more
A) profit sharing
B) gainsharing
C) employee stock ownership plan
D) stock option
E) exit pay
Answer:

A) You need to subscribe to get the answer.

Which group incentive ultimately allows at least part of the stock in the company to be given to employees over a period of time based on some formula?

Multiple Choice
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A) Employee stock ownership plan
B) Stock options plan
C) Employee stock provision plan
D) Stock purchasing plan
E) An executive-level retirement plan
Answer:

A) You need to subscribe to get the answer.

Acme Global gives its employees stock in the company at the end of each year. The stocks go directly into the employees' retirement accounts as part of the organization's __________ plan.

Multiple Choice
expand_more
A) profit sharing
B) stock purchasing
C) employee stock ownership plan
D) stock option
E) exit pay
Answer:

A) You need to subscribe to get the answer.

_______________ allow an individual employee to buy a certain amount of stock in the company at a specified future point.

Multiple Choice
expand_more
A) Stock purchasing plans
B) Stock options plans
C) Employee stock ownership plans
D) Employer stock sales plans
E) Company-funded retirement funds
Answer:

A) You need to subscribe to get the answer.

_______________ let qualifying employees purchase shares of stock in the company at any time and usually at a discount.

Multiple Choice
expand_more
A) Stock options plans
B) Employee stock ownership plans
C) Company-funded retirement funds
D) Employer divestiture plans
E) Stock purchasing plans
Answer:

A) You need to subscribe to get the answer.

Acme Global gave its top executives the opportunity to buy Acme Global stock in 5 years at the same price at which the stock is selling today. Acme Global is using a(n) ________ plan.

Multiple Choice
expand_more
A) profit sharing
B) stock purchasing
C) employee stock ownership plan
D) stock option
E) exit pay
Answer:

A) You need to subscribe to get the answer.

Acme Global gave its top executives the opportunity to buy Acme Global stock at a 5% discount. Acme Global is using a(n) ________ plan.

Multiple Choice
expand_more
A) profit sharing
B) stock purchasing
C) employee stock ownership plan
D) stock option
E) exit pay
Answer:

A) You need to subscribe to get the answer.

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