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Wayan Inc.,a health care insurance company,pays an incentive based on the average work per hour.Wayan pays $10 for billing 20 medical charts per hour.An employee who bills 30 charts would earn $15 per hour.Hence,Wayan pays the same rate per chart no matter how many charts an employee produces per hour.Which of the following is being exemplified in this scenario?


A) Straight piecework plan
B) Skill-based pay system
C) Merit pay system
D) Quality-based pay system
E) Straight commission plan

F) A) and B)
G) None of the above

Correct Answer

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Which of the following statements is true about a piecework rate plan?


A) It can be used for all types of jobs and in all types of industries.
B) It is best suited for complex jobs and tasks.
C) It can be used to encourage team work and collaboration.
D) It has a direct link between the work done by the employee and the amount earned.
E) It encourages the employee's peers to perform as well and reduces conflicts.

F) A) and B)
G) A) and D)

Correct Answer

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The differential piece rates system refers to:


A) an incentive pay plan in which the employer pays the rate per piece based on the difference in performance of employees.
B) a system that gives employees a bonus if the ratio of labor costs to the sales value of production is below a set standard.
C) an incentive pay in which the piece rate is higher when a greater amount is produced.
D) a system of linking pay increases to ratings on performance appraisals.
E) an incentive pay plan where every employee is paid different wages based on the skills they possess.

F) A) and B)
G) A) and C)

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Elaborate on how gainsharing can be successful as a form of group incentive.

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Gainsharing is most likely to succeed wh...

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A piecework rate plan is best suited for:


A) HR professionals.
B) executives.
C) production workers.
D) managers.
E) knowledge workers.

F) B) and E)
G) All of the above

Correct Answer

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Jupiter Systems,an information technology company,determines a particular time to complete a particular task.Even if an employee completes the allotted task before the time of completion,the employee receives an amount of pay equal to the wage for the designated time.Which of the following payment methods is exemplified in this scenario?


A) Piecework plan
B) Differential plan
C) Standard hour plan
D) Merit plan
E) Skill-based plan

F) A) and B)
G) B) and D)

Correct Answer

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Songreen Inc.,a firm that manufactures ready-to-eat soups,offers incentives based on an employee's performance rating and the employee's compa-ratio.Which of the following payment plans is exemplified in this scenario?


A) Piecework plan
B) Merit pay
C) Standard hour plan
D) Differential plan
E) Skill-based plan

F) D) and E)
G) A) and E)

Correct Answer

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_____ is a group incentive program that measures improvements in productivity and effectiveness and distributes a portion of each gain to employees.


A) Profit rate
B) Gainsharing
C) Commission sharing
D) Merit rate
E) Group bonus

F) A) and B)
G) None of the above

Correct Answer

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Under profit sharing,payments are a percentage of the organization's profits and become part of the employees' base salary.

A) True
B) False

Correct Answer

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Which of the following is a long-term incentive?


A) Sales commission
B) Group bonus
C) Merit pay
D) Stock option
E) Piece rate

F) C) and D)
G) B) and D)

Correct Answer

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To make the merit increases consistent,administrators of merit pay programs must closely monitor the compa-ratio and the:


A) number of grades in the pay structure.
B) individual's performance ratings.
C) number of new hires in the company.
D) company's stock price in the current financial year.
E) average pay of the area where the organization is based.

F) All of the above
G) B) and C)

Correct Answer

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Which of the following is a reason for ESOPs' popularity?


A) ESOPs provide tax advantages to employers.
B) ESOPs provide very high risk-free retirement income.
C) Employees can use ESOPs to buy their company during financial crises.
D) ESOPs must invest at least 51 percent of its assets in the company's own stocks.
E) The employees are provided with many more stocks than they actually own.

F) All of the above
G) C) and E)

Correct Answer

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An employee stock ownership plan is an arrangement in which the organization distributes shares of stock to all its employees by placing it in a trust.

A) True
B) False

Correct Answer

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Incentive pay for executives lays the groundwork for significant ethical issues.

A) True
B) False

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Explain how employee stock ownership plans differ from stock options?

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Stock options give employees the right t...

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ESOP denies employees the right to participate in votes by shareholders even if the stock is registered on a national exchange.

A) True
B) False

Correct Answer

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Which of the following best describes a balanced scorecard?


A) A combination of performance measures directed toward the company's long and short-term goals and used as the basis for awarding incentive pay
B) A performance review process where the organization collects feedback from customers, managers, and subordinates, assigns ratings, and lists them on the company's performance card
C) An arrangement in which the organization distributes shares of stock to all its employees by placing the stock into a trust
D) An incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary
E) It is a system designed to measure the performance of HR personnel based on the quality of recruitment

F) A) and E)
G) A) and C)

Correct Answer

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Brendan,the HR manager at Baretta & Co.,is trying to implement an effective group incentive plan which measures increases in productivity and effectiveness and distributes a portion of its earnings to all employees.In this case,Brendan should apply the incentive scheme of _____.


A) piecework rate
B) gainsharing
C) sales commission
D) merit pay
E) ESOPs

F) A) and B)
G) A) and C)

Correct Answer

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Which of the following incentive plans are specifically designed to promote group performance?


A) Performance bonuses
B) Gainsharing
C) Standard hour plans
D) Merit pay
E) Commissions

F) A) and E)
G) B) and D)

Correct Answer

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What are the different types of piecework rates? Explain each of them.

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The two types of piecework rates are the...

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