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WorksheetsUFred MBA - Compensation Plan
Total questions: 12
Worksheet time: 6mins
_____ 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.
In the study conducted by Skift in 2015, what was the top reason people did not take a single vacation day?
They would return to a mountain of work.
Taking time off is more difficult as one advances in the company.
No one could do the work.
They wanted to show complete dedication to their job.
Severance pay in Canada is regulated by:
Canadian Human Rights Commission
Department of Finance Canada
Department of Justice
Severance pay is not strictly regulated.
