Question 1
3 out of 3 points
Correct
Which of the following is true regarding group incentive
plans as opposed to individual incentive plans?
Question 2
3 out of 3 points
Correct
These profit sharing plans award cash to employees on a
quarterly or annual basis as part of their regular compensation.
Question 3
3 out of 3 points
Correct
Which type of individual incentive plan requires the
achievement of multiple, complex objectives without compromising the quality
and quantity of output that is generated by employees?
Question 4
3 out of 3 points
Correct
Customer satisfaction, labor cost savings, materials cost
savings, and reduction in accidents were listed as typical performance measures
for which type of incentive plan?
Question 5
3 out of 3 points
Correct
This incentive plan has a buy-back provision.
Question 6
3 out of 3 points
Correct
In addition to the guaranteed hourly pay rate, John receives
incentives for every item produced over the designated production standard.
What kind of incentive plan is used in this situation?
Question 7
3 out of 3 points
Correct
To have better safety records, XYZ Company gives monetary
incentive awards to its workers for lower accident rates due to improper use of
heavy equipment.
Question 8
3 out of 3 points
Correct
This is another name for parallel teams.
Question 9
3 out of 3 points
Correct
Gunther Rohn was rewarded for making a suggestion that saved
Ewe and Eye Electronics thousands of dollars. Which type of incentive
compensation approach might have worked best?
Question 10
3 out of 3 points
Correct
This method reinforces cooperation among team members except
when team members perceive differences in other members’ performances.
Question 11
3 out of 3 points
Correct
What is the main objective of Scanlon plans?
Question 12
3 out of 3 points
Correct
John is a design engineer working at an auto manufacturer
research and development department. In addition to his normal duties, he is
assigned to a team of other engineers developing a highly automated assembly
line for the new model of a passenger car. What type of team is John assigned
to?
Question 13
3 out of 3 points
Correct
Which of the following is true of most general stock
compensation plans?
Question 14
3 out of 3 points
Correct
Which of the following is true about the level of risk
involved with incentive pay?
Question 15
3 out of 3 points
Correct
With which profit sharing formula does the profit sharing
pool become funded only after profits exceed a predetermined level but fall
below some established maximum level?
Question 16
3 out of 3 points
Correct
Which company emphasizes globalization, product services,
and six sigma quality improvements for corporate growth? This company also
offers a renowned two-year global program for high potential HR professionals
that includes the opportunity for cross-functional experience.
Question 17
3 out of 3 points
Correct
This type of pay system is used by unions and contractors to
reward their carpenters for increasing their carpentry abilities.
Question 18
3 out of 3 points
Correct
According to the job characteristics theory, this core
characteristic refers to the amount of freedom, independence, and discretion
the employee enjoys in determining how to do the job.
Question 19
3 out of 3 points
Correct
This is considered “at the heart” of
person-focused pay programs.
Question 20
3 out of 3 points
Correct
Which pay plan generally rewards employees for acquiring
job-related competencies, knowledge, or skills rather than for demonstrating
successful job performance?
Question 21
3 out of 3 points
Correct
This model is geared to promoting staffing flexibility in a
company, by training employees in one department with some of the critical
skills that are needed to perform effectively in another department.
Question 22
3 out of 3 points
Correct
In a TV set manufacturing facility of XYZ Inc., although
there are different assembly lines in which workers focus on certain aspects of
production, senior line workers are capable of producing the TV sets from start
to finish. Senior workers’ capability of doing the entire operation from start
to finish is an example of which following term?
Question 23
3 out of 3 points
Correct
In the garment factory of XYZ Co., line workers are trained
to be able to work at different manufacturing steps such as grading, cutting,
sewing and assembling, pressing, etc. XYZ Co.’s strategy of training its
workers to do different tasks is an example of which following term?
Question 24
3 out of 3 points
Correct
Which one of the following would be correct regarding
person-focused pay programs?
Question 25
3 out of 3 points
Correct
This type of pay system rewards employees for successfully
acquiring new job-related knowledge.
Question 26
3 out of 3 points
Correct
In the XYZ Corp. passenger car manufacturing plant, assembly
line station team leaders are allowed to stop the assembly line by pulling a
cord available at each station whenever they notice a serious quality problem
in the assembly process. This is an example of which of the following terms?
Question 27
3 out of 3 points
Correct
Skill variety, task identity, autonomy, and feedback are the
elements that make up this theory.
Question 28
3 out of 3 points
Correct
This term refers to the level of specialization or expertise
an employee possesses in a particular job.
Question 29
3 out of 3 points
Correct
Which of the following is a characteristic of job-based pay?
Question 30
3 out of 3 points
Correct
In this person-focused pay model, employees are rewarded for
increasing their skills within a single job family, even if the skills do NOT
build on each other.
