UFred MBA - Compensation Plan

_____ is an incentive plan that sets rates based on completion of a job in a predetermined time period.

• Bonus

• Standard hour pay

• Lump sum merit pay

• Straight piecework

Operating yardstick to traditional financial gauges when computing executive pay is known as...

• Incentive bonus for executives

• Executive long-term incentives

• Balanced scorecards

• Incentive awards and recognition

______ is a traditional method that is used primarily in agriculture section.

• Piecework

• Merit pay

• Spot bonus

• Straight commission

Enterprise incentive plans consists of

• Profit sharing

• Employee stock option plans

• Employee stock ownership plans

• All of the above

Gainsharing program bonuses are based on ________ of the work team.

• Productivity

• Leisure

• Quality

• Planning

Team compensation plan in which all _________ members receive an incentive bonus payment when production or service standards are met or exceeded.

• Individual

• Group

• Team

• All

Compensation can be ________benefits.

• Monetary

• Non-monetary

• Both ‘a’ and ‘b'

• None of the above

Examples of non-monetary benefits are:

• Cash Bonuses

• Tuition Assistance

• Retirement matching

• Both ‘b’ and ‘c’

Some communication channels/methods used by organizations to explain benefits are:

• Twitter with a link to compensation package

• Payroll inserts

• Printed compensation package

• All of the above

If you are receiving the Silver Handshake, you are doing what?

• Being promoted.

• Taking sick leave.

• Being offered incentives to retire.

• Contributing to a defined-contribution pension plan.