Unit 4- Pay for Performance Plan

Unit 5- Pay for Performance Plan

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Multiple Choice

A plan, offering a 75% base salary along with 25% incentives is classified as

• Combination plan

• Non Commission plan

• Strait Salary

• None of the above

Multiple Choice

The Piece work pay plan is often called

• Group pay plan

• Individual pay plan

• Both A and B

• None of the above

Multiple Choice

The factor which influence the bonuses are....

• Eligibility

• Fund size

• Individual performance

• All the above

Multiple Choice

_______ are variable rewards granted to employees according to variations in their performance.

• a. Remuneration

• b. Perks

• c. Fringe Benefits

• d. Incentives

Multiple Choice

In ________, bonus paid to a worker is equal to 50% of time saved multiplied by rate per hour.

• a. Rowan Plan

• b. Barth Scheme

• c. Bedaux Plan

• d. Hasley Plan

Multiple Choice

The safety awards, attendance bonus, sales commission, and piece rate are classified as

• Individual pay plans

• Group based pay plans

• Organised wide pay plans

• None of the above

Multiple Choice

The term ...................... refers to performance-based pay programs where an employee is incentivized and rewarded for achieving goals or objectives.

• External Competitiveness

• pay-for-performance compensation

• Internal structure

• None of the above

Multiple Choice

A ................ system links increases in base pay to how highly employees rated on a subjective performance evaluation

• Merit pay

• Seniority based pay

• Skill based pay

• None of the above

Multiple Choice

................. bonuses are based on employees or company performance employees receive an end-of-years bonus

• Festival Bonuses

• Seasonal Bonuses

• Yearly Bonuses

• Lump-sum bonuses

Multiple Choice

................ are an incentive that companies use to encourage their employees to work toward specific outcomes.

• Spot Awards

• Sports Awards

• City Allowance

• None of the above

Multiple Choice

......................... is the person in the first line management who monitors and regulates employees in their performance of assigned or delegated tasks

• Manager

• Executive

• Supervisor

• Sales person

Multiple Choice

A typical Board of Directors comprise ...... outside and ..... inside directors.

• 10 and 3

• 9 and 4

• 15 and 3

• 8 and 3

Multiple Choice

A typical Board of Directors comprise ...... outside and ..... inside directors.

• 10 and 3

• 9 and 4

• 15 and 3

• 8 and 3

Multiple Choice

....................................... are classified as professionals

• •Scientists

• Engineers

• Lawyers

• Doctors

• All the above

Multiple Choice

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

Multiple Choice

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

Multiple Choice

Which form of pay does not permanently increase labor costs?

• A. Incentive

• B. Merit pay

• C. Cost-of-living adjustments

• D. Base pay

Multiple Choice

Variable pay may also be called _____.

• A. relational returns

• B. pensions

• C. stock options

• D. incentives

Multiple Choice

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

Multiple Choice

Sales Compensation Packages includes

• •Guaranteed base salary

• •Guaranteed base salary + commission

• •Guaranteed base salary + commission + bonus

• All the above

Multiple Choice

Contingent employee is a person who works

........

• Through a temporary help agency

• On an on-call basis

• As an independent contractor

• All the above

Multiple Choice

Offering flexible working time is the example for ..............

• Positive incentives

• Negative incentives

• Both A and B

• Non of the above

Multiple Choice

.......................... refers to workers who engage in hard manual labor, typically agriculture, manufacturing, construction, mining, or maintenance.

• Blue-collar worker

• White-collar worker

• Both A and B

• None of the above

Multiple Choice

A ................ plan is an arrangement allowing employees to choose which types of benefits they would like.

• Cafeteria benefit

• Scanlon Plan

• Priest Man's Plan

• None of the above