HRM 200 Chapter 12 Exam Questions and Answers
The piecework plan is expressed in monetary terms whereas the standard hour plan is expressed in: - Answer-a premium that equals the percent by which his or her performance exceeds standard
Under this pay system, each worker receives a set paymen...
The piecework plan is expressed in monetary terms whereas the standard hour plan is
expressed in: - Answer-a premium that equals the percent by which his or her
performance exceeds standard
Under this pay system, each worker receives a set payment for each piece produced or
processed in a factory or shop. It is known as a: - Answer-straight piecework plan
The following are long-term incentive plans extended to employees EXCEPT: - Answer-
retained earnings plans
One drawback to the split-award approach is that it pays too much to the marginal
performer, who, even if his or her own performance is mediocre, at least gets the
second, company-based bonus. One way to get around this would be to use the: -
Answer-multiplier method
Amish is the human resources professional at a software development company that
has experienced high employee turnover over the past year. The CEO has asked him to
explain what the most likely primary cause of this is. Amish reports that recent research
indicates that the number-one reason that employees leave an organization is - Answer-
lack of recognition and praise.
Aziz is the human resources professional at a consulting engineering company. He has
been asked by the executive team to suggest incentives that would most likely motivate
the junior engineers who have recently graduated from university and are generally in
their mid to late 20's. Which of the following should Aziz suggest? - Answer-paid time off
to volunteer for charitable organizations
The following are types of incentive plans EXCEPT: - Answer-straight salary and
commission
Untac Inc., a consulting engineering firm, has recently implemented a type of
organization-wide incentive plan whereby all full time employees share in the company's
profits. Untac Inc. has implemented a: - Answer-profit-sharing plan
Because of the role managers play in determining divisional and corporate profitability,
most employers pay their managers and executives some type of: - Answer-bonus or
incentive
, Under this pay system, each worker receives the minimum hourly wage plus an
incentive for each piece produced above a set number of pieces per hour. It is known as
a: - Answer-guaranteed piecework plan
A type of organization-wide incentive plan that engages many or all employees in a
common effort to achieve a company's productivity objectives by sharing the resulting
cost savings among employees and the company is referred to as a - Answer-
gainsharing plan
A type of incentive plan that gives income over and above base salary to individual
employees who meet a specific individual performance standard is a(n) - Answer-
individual incentive program
A plan that offers each person a bonus based on the company's results, regardless of
the person's actual effort, is called: - Answer-profit sharing.
The following are basic features of the Scanlon plan EXCEPT: - Answer-guaranteed
minimum payouts.
Future Shop, an electronics retailer, is considering removing commission for its sales
staff from their compensation plan, and compensating them on a straight salary basis.
The following is an advantage of this approach EXCEPT: - Answer-straight salaries
make it difficult to switch territories or quotas or to reassign salespeople.
A type of incentive plan that generally is organization-wide and that provides employees
with a share of the organization's profits in a specified period is a(n): - Answer-profit-
sharing plan.
Aziz is the human resources professional at a consulting engineering company. He has
been asked by the executive team to implement a short term incentive plan for senior
managers. The following are basic issues he should consider, with the exception of: -
Answer-salary grade.
There has been a definite movement away from the extremes of straight commission or
fixed salary for salespeople to: - Answer-combination plans.
Long-term incentive plans whose payment or value is contingent on financial
performance measured against objectives set at the start of a multi-year period are
called: - Answer-performance plans.
Today, any plan that ties pay to productivity or profitability is called: - Answer-variable
pay
When a target bonus is set for each eligible position, and adjustments are then made for
greater- or less-than-targeted performance, this is called: - Answer-an individual award.
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