Accessibility: Keyboard Navigation
Difficulty: 2 Medium
Topic: Compensation: Definition, Please
4.
The degree to which pay influences individual and aggregate motivation among employees at any point in time is referred to as a(n):
A.
sorting effect.
B.
incentive effect.
C.
turnover effect.
D.
directional effect.
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Topic: Compensation: Definition, Please
5.
Which of the following is an example of a relational return?
A.
Short-term incentives
B.
Employment security
C.
Long-term incentives
D.
Income protection
Accessibility: Keyboard Navigation
Difficulty: 2 Medium
Topic: Forms of Pay
6.
Which of the following is given as an increment to the base pay in recognition of past work behavior?
A.
Base pay
B.
Long-term incentive
C.
Merit pay
D.
Short-term incentive
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Topic: Forms of Pay
7.
GreenRain Corp. faces an increase in employee turnover rate. The CEO calls for a board meeting with the senior executives to discuss the issue. Who among the following suggests increasing the relational returns that employees receive to reduce the turnover rate at GreenRain?
A.
Tom suggests increasing the decision-making authorities given to the employees to make work more challenging.
B.
Deena suggests providing more work/life balance for the employees by increasing the number of paid leaves.
C.
Syed suggests increasing the medical insurance coverage offered to the employees.
D.
Liam suggests increasing merit bonuses.
Accessibility: Keyboard Navigation
Difficulty: 3 Hard
Topic: Forms of Pay
8.
Which form of pay does not permanently increase labor costs?
A.
Incentive
B.
Merit pay
C.
Cost-of-living adjustments
D.
Base pay
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Topic: Forms of Pay
9.
Recent surveys show that, on average, an outstanding performer receives a _____ merit increase, an average performer a _____ merit increase, and a poor performer a 0.4% merit increase.
A.
10.5%; 7%
B.
8.4%; 5.2%
C.
6.7%; 4.2%
D.
4.4%; 2.8%
Accessibility: Keyboard Navigation
Difficulty: 2 Medium
Topic: Forms of Pay
10.
Which of the following companies is taking efforts to improve the work/life balance of its employees?
A.
MH Corp. increases the number of paid holidays given to its senior employees.
B.
Kay Corp. increases the transport allowance for its employees by 10 percent.
C.
Haywire Corp. allows its employees to buy company stocks at a reduced price of $30 per share.
D.
Halo Corp. increases the variable pay for its employees.
Accessibility: Keyboard Navigation
Difficulty: 3 Hard
Topic: Forms of Pay
11.
Variable pay may also be called _____.
A.
relational returns
B.
pensions
C.
stock options
D.
incentives
Accessibility: Keyboard Navigation
Difficulty: 1 Easy
Topic: Forms of Pay
12.
Which of the following is often the largest component in an executive pay package?
A.
Base pay
B.
Stock options
C.
Merit pay
D.
Perks