Chapter 11 & 12: Pay for performance

Chapter 11 & 12: Pay for performance

University

10 Qs

quiz-placeholder

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Chapter 11 & 12: Pay for performance

Chapter 11 & 12: Pay for performance

Assessment

Quiz

Social Studies

University

Medium

Used 29+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following terms refers to all forms of pay or rewards going to employees and

arising from their employment?

salary

employee benefits

wage reimbursement

employee compensation

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a type of direct financial payment?

wages

insurance

incentives

commissions

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Ahmad is a sales representative in a jewelry store. He typically works 40 hours per week and his

pay is completely based on his sales. He earns a 5% commission for every sale he makes. Which

of the following terms best describes John's situation?

pay for performance

indirect financial compensation

time-based compensation

piecework pay

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What theory of motivation states that people are strongly motivated to maintain a balance

between what they perceive as their contributions and their rewards?

Two-factor theory

Equity theory

Learned needs theory

Expectancy theory

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of pay plan is being used when workers are paid a sum for each unit they

produce?

competency-based pay

job-based pay

piecework

bonus

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In which of the following do workers receive a basic hourly rate plus a premium equal to the

percent by which their performance exceeds the standard?

variable pay

straight piecework

standard hour plan

standard piecework

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following terms refers to any salary increase the firm awards to an individual

employee based on his or her individual performance?

competency-based pay

variable pay

merit pay

base pay

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