A) the special reward programs used to satisfy the lower and middle-level managers.
B) the bonuses provided to union members to withhold a strike.
C) the bonuses provided to employees who take long leaves without pay.
D) annual incentives paid to daily wage workers to remain in the organization.
E) one-time incentives paid in exchange for remaining with the company.
G) A) and C)
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A) Bonuses are for bigger work groups,whereas team awards are for small teams.
B) Unlike bonuses,team awards encourage cooperation.
C) Bonuses are usually given to employees who meet deadlines,whereas team awards are given only when the team as a whole meets the targets.
D) Unlike team awards,bonuses encourage competition among individuals.
E) Bonuses reward attainment of a specific goal,whereas team awards reward performance measured more broadly.
G) None of the above
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A) Stock options carry significant risk,whereas ESOPs are risk-free.
B) Stock options are usually granted to company executives,whereas ESOPs are provided to all employees.
C) In stock options,stocks are placed into a trust,whereas ESOPs give employees the right to buy a certain number of shares of stock.
D) Under stock options,employees can sell their stocks,whereas ESOPs do not allow employees to sell their stocks.
E) Earnings from stock options are exempt from income taxes,whereas earnings from ESOPs are taxable.
G) A) and D)
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The kinds of incentive pay fall into thr...View Answer
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A) innovative tasks
B) non-standard jobs
C) managerial jobs
D) jobs with difficult-to-measure output
E) routine jobs
G) B) and D)
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B) False
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A) a retention bonus
B) a piecework rate system
C) a merit pay system
D) the Scanlon plan
E) a balanced scorecard
G) C) and D)
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A) ESOPs provide tax advantages to employers.
B) ESOPs provide very high risk-free retirement income.
C) Employees can use ESOPs to buy their company during financial crises.
D) ESOPs must invest at least 51 percent of their assets in the company's own stocks.
E) The employees are provided with many more shares of stock than they actually own.
G) B) and D)
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A) piecework rate plan.
B) merit pay plan.
C) Scanlon plan.
D) profit-sharing plan.
E) rapid hour plan.
G) D) and E)
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A) the individual's pay relative to the individual's performance rating.
B) the individual's pay relative to company's average pay for that position.
C) the individual's worth versus that of others in the organization.
D) the ratio of the individual's pay to benefits.
E) the average worth of the skills possessed by the individual.
G) D) and E)
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A) minimum wage
B) overtime pay
C) incentive pay
D) piecework rates
E) salary
G) A) and C)
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A) commissions.
B) gainsharing.
C) a merit plan.
D) a variable wage plan.
E) profit sharing.
G) A) and B)
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Stock options give employees the right t...View Answer
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B) False
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The balanced scorecard is a combination ...View Answer
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A) It eliminates the need to communicate the details of an incentive plan to the employees.
B) It eliminates managerial effort when providing incentives to employees.
C) It increases the pay for all employees in the organization regardless of their performances.
D) It reduces employee stress because it does not focus on financial targets.
E) It helps employees understand the organization's goals.
G) B) and D)
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A) It allows companies to deduct executive pay that exceeds $1 million.
B) It ensures that by rewarding the achievement of a variety of goals,temptation on the executive's part to gain bonuses by manipulating data are reduced.
C) It encourages executives to hold on to their stock options when the company is undergoing financial problems.
D) It forces executives to focus on the company's long-term success because ESOP funds are guaranteed by the Pension Benefit Guarantee Corporation.
E) It mandates that an ESOP invest at least 51% of its assets in the company's own stock.
G) B) and E)
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A) Gainsharing succeeds regardless of whether employees understand how performance is measured.
B) Gainsharing is likely to succeed under almost any organizational conditions.
C) Gainsharing broadens employees' horizons beyond the range of activities they can influence.
D) Gainsharing measures oversimplify the complex responsibilities of production work.
E) Gainsharing expands employees' thinking beyond their individual interests.
G) A) and C)
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A) 10
B) 26
C) 51
D) 60
E) 76
G) A) and E)
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B) False
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