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COMPENSATION ADMIN FINAL CHAPTER 11-13 | 135 QUESTIONS | WITH PASSED ANSWERS!!
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COMPENSATION ADMIN FINAL CHAPTER 11-13 | 135 QUESTIONS | WITH PASSED ANSWERS!!
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COMPENSATIONADMIN FINAL
CHAPTER 11-13 | 135
QUESTIONS | WITH
PASSED ANSWERS!!
COMPENSATION ADMIN
Evatee 9/10/24 COMPENSATION ADMIN
,COMPENSATION ADMIN FINAL CHAPTER 11-
13 | 135 QUESTIONS | WITH PASSED
ANSWERS!!
A phantom stock plan ties an employee's bonus to the performance of
company stock, but that employee never actually receives any stock.
a. True
b. False Answer - True
Research supports the notion that if adequate monetary compensation is in
place, coupled with an open and supportive management-employee
environment, nonmonetary-based recognition tends to offer little value to
stakeholders.
a. True
b. False Answer - False
Deferred profit-sharing plans are often used as quasi pension plans, particularly
in medium-sized companies.
a. True
b. False Answer - True
Gain sharing is not a viable plan to use if no valid historical benchmark can be
set.
a. True
b. False Answer - True
,Financially funded plans combine at least two criteria in establishing goal-
sharing bonuses. Often, one of those variables is organizational profitability,
making such plans highly motivational to employees.
a. True
b. False Answer - False
The Scanlon Plan helps in the development of a cooperative relationship
among workers, unions, and management.
a. True
b. False Answer - True
In order for the Scanlon plan to work, organizations must be able to predict
future cost of inputs, particularly labour.
a. True
b. False Answer - False
Employee participation is not necessarily a component of goal-sharing plans.
a. True
b. False Answer - True
The Scanlon plan has changed over the years. A central reason for these
changes is the notion that employees can reduce labour input as a function of
output by increasing other costs.
a. True
b. False Answer - True
Goal-sharing plans have increased in popularity over the last decade.
a. True
, b. False Answer - False
A management report identified the following labour usage ratios for a window
manufacturer in Richmond, British Columbia: 1.4 hours of labour per window
in 2015; 1.25 hours of labour per window in 2016. Management makes the
arbitrary decision to set next year's gain-sharing cutoff at 1.325 labour hours
per window (the average of the 2015 and 2016 figures). Which gain-sharing
plan is management using?
a. Scanlon plan
b. family of measures plan
c. Rucker plan
d. Improshare plan Answer - d. Improshare plan
ABC Ltd. generated one million Canadian dollars in profits this year. ABC Ltd.
decides to place 200,000 Canadian dollars (20 percent of pre-tax profits) in a
bonus pool. In previous years, this figure has ranged from zero to 50 percent of
pre-tax profits. What type of formula is ABC Ltd. using to determine
contributions into the pool?
a. fixed percentage
b. fixed threshold
c. discretionary
d. percentage approach Answer - c. discretionary
Which statement does NOT accurately describe a profit-sharing plan?
a. For motivational reasons, fixed formula profit-sharing plans are
recommended.
b. Stock bonus plans provide employees with the right to purchase shares in
the future at a fixed price.
c. Deciding the split is an important issue in gain-sharing plans.
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