A) It encourages employees to compete at the expense of cooperating to achieve organizational goals.
B) It allows employees to buy their company when it is experiencing financial problems.
C) It combines the advantages of different incentive pay plans and helps employees understand the organization's goals.
D) It increases cooperation,but does little to motivate day-to-day effort or to attract and retain top individual performers.
E) It is the only measure used by top management to measure the performance of HR professionals and managers.
G) A) and E)
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A) Executives can use the advantage of knowing the company's inside information to buy or sell stock and create huge personal gains.
B) Executives can roll in the stock price into their base pay to avoid paying a huge tax.
C) Executives will lower the stock prices in order to enjoy bonuses.
D) Executives can use the employee stock ownership plan to buy their company if it is experiencing financial problems.
E) The executives can obtain as many shares as they need at a price that is much lower than the market rate.
G) A) and C)
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A) It does not focus on quality or customer service.
B) It escalates costs for an employer in the long term.
C) It is applicable only in team-based work environments.
D) It helps employees work at a comfortable pace.
E) It does not pay workers extra for work done in less than the standard time.
G) B) and D)
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A) Employees will make decisions that are in their best interests at the expense of the organization's interests.
B) It is difficult to monitor an employee's work output when decisions are made by the employee.
C) When employees become more involved in pay decisions,they neglect the work assigned to them.
D) Employees should be a part of the human resource department to be involved in pay-related decisions.
E) It will have a negative impact on the top-level management of the company.
G) A) and D)
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A) Scanlon plan
B) balanced scorecard
C) long-term incentive
D) merit plan
E) short-term incentive
G) A) and E)
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A) merit pay
B) team award
C) commission
D) standard hour plans
E) gainsharing
G) B) and E)
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A) exercise the option,receiving a gain of $5.
B) exercise the option,receiving a gain of $40.
C) not bother to exercise the options.
D) buy the stock at $45 per share.
E) sell the shares to a third party slightly above the market price.
G) None of the above
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A) a group bonus.
B) merit pay.
C) the Scanlon plan.
D) a piecework rate.
E) a team award.
G) A) and E)
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A) pay his employees per piece that is manufactured.
B) create a balanced scorecard.
C) reorganize the departments in the organization.
D) implement a profit-sharing incentive plan.
E) hire new employees and pay them above the market rate.
G) C) and E)
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A) an incentive pay plan in which the employer pays the rate per piece based on the difference in performance of employees.
B) a system that gives employees a bonus if the ratio of labor costs to the sales value of production is below a set standard.
C) an incentive pay in which the piece rate is higher when a greater amount is produced.
D) a system of linking pay increases to ratings on performance appraisals.
E) an incentive pay plan where employees are paid different wages based on the skills they possess.
G) A) and C)
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A) Financial benefits mostly come when the employee leaves the organization.
B) Employees have the right to participate in votes by shareholders,hence reducing the negotiating power of the employer.
C) It causes the employers to lose control over their employees.
D) The employees will not benefit even if the organization is performing well.
E) Stock options do not provide any ownership to employees,instead offering an equivalent sum.
G) A) and C)
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The two types of piecework rates are the...View Answer
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A) when concern for costs obscures customer service
B) when groups try to outdo one another in satisfying customers
C) when competition replaces cooperation to meet company goals
D) when competition for sales obscures the importance of ethical behavior
E) when performance goals consider only one objective,such as sales growth
G) A) and E)
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A) HR professionals.
B) executives.
C) production workers.
D) managers.
E) knowledge workers.
G) A) and C)
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A) Employees must be able to understand the requirements of the incentive pay plan.
B) Equal incentives should be offered to all the employees of the organization.
C) Employees must be the key decision makers when creating incentive pay plans.
D) The company should not inform the employees about incentive plan changes.
E) Employees should make decisions that are only in favor of their interests.
G) C) and D)
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A) piecework plan
B) merit pay
C) standard hour plan
D) differential plan
E) skill-based plan
G) A) and E)
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B) False
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A) purchase the stock.
B) sell the stock.
C) retain the stock.
D) distribute the stock.
E) liquidate the stock.
G) None of the above
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A) Differential piece rate
B) Standard hour plan
C) Merit pay
D) Piece rate
E) Commission
G) B) and C)
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A) piecework rate
B) gainsharing
C) sales commission
D) merit pay
E) ESOPs
G) C) and D)
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