Description
Strategic Compensation in Canada 4th Edition By Richard Long – Test Bank
Chapter 5: Performance Pay Choices
TRUE/FALSE
1.Merit bonuses represent a permanent increase to base pay.
ANS: F PTS: 1 REF: 163 OBJ: 2
2.If an organization has a “promote from within” policy, it doesn’t really need any other rewards to motivate behaviour.
ANS: F PTS: 1 REF: 164 OBJ: 1
3.Attendance programs are less risky for organizations in which intrinsic motivation is low in the first place.
ANS: T PTS: 1 REF: 172 OBJ: 1
4.All things being equal, goal sharing programs are thought to be less motivational than gain sharing programs.
ANS: F PTS: 1 REF: 177 OBJ: 2
5.To qualify as having an employee profit sharing plan a firm must have a formal program in which payments based on profits are made to a wide cross section of employees.
ANS: T PTS: 1 REF: 179 OBJ: 2
6.The three types of profit sharing plans are the current distribution plan, the deferred payout plan, and the amortization plan.
ANS: F PTS: 1 REF: 181 OBJ: 3
7.The three main types of employee stock plans are: stock bonus plans, stock purchase plans and stock option plans.
ANS: T PTS: 1 REF: 184 OBJ: 3
8.Employee stock plans are simpler to implement in privately-held rather than publicly-traded corporations.
ANS: F PTS: 1 REF: 187 OBJ: 3
9.Profit sharing plans can reduce the need for employee supervision.
ANS: T PTS: 1 REF: 189 OBJ: 3
10.The use of long-term incentive plans is of little value to most firms.
ANS: T PTS: 1 REF: 189 OBJ: 3
MULTIPLE CHOICE
1.Which of the following pay plans is geared to individual performance?
|
a. |
Profit sharing |
|
b. |
Competency-based |
|
c. |
Gain-sharing |
|
d. |
Piece rates |
ANS: D PTS: 1 REF: 151 OBJ: 1
BLM: Remember
2.What is the most common form of performance pay used by medium to large Canadian firms?
|
a. |
Merit raises |
|
b. |
Profit sharing |
|
c. |
Merit bonuses |
|
d. |
Commissions |
ANS: A PTS: 1 REF: 152 OBJ: 1
BLM: Understand
3.A typical tree planter should be able to plant thirty trees in an hour. You have determined the average amount of money a worker with the skills and abilities to plant trees should earn hourly is $18. What is the straight piece rate paid to your employees?
|
a. |
$30 |
|
b. |
$1.66 |
|
c. |
$0.60 |
|
d. |
$18 |
ANS: C PTS: 1 REF: 153 OBJ: 1
BLM: Apply
Reviews
There are no reviews yet.