LSUS MBA 704 EXAM 2 COMPREHENSIVE TEST
PAPER WITH COMPLETE SOLUTIONS
◉ Measuring/Rewarding Performance.
Answer: Reinforce cultural values
◉ Adherence of Important Values.
Answer: Get employees to accept values, trust organization
◉ Reinforcing the Stories of Folklore.
Answer: Validate culture and way of doing things
◉ Recognition and Promotion.
Answer: Reward culture role models
◉ Mergers and Acquisitions.
Answer: Different structures, power bases, and emotions
◉ Relationship Enterprises.
Answer: Separate companies acting as single firm
,◉ Economic Crisis.
Answer: Effect of culture on ethics and long-term survival
◉ Guidelines for Organizational Culture Change.
Answer: Asses current culture and set goals
Hire outside personnel
Make changes from top down
Include employees in change
Take out reminders of previous culture
Expect problems and resistance to change
Move quickly and stay the course
◉ Money as a Reward.
Answer: Money associated with achievement and recognition, status
and respect, freedom and control, and power
◉ Agency Theory.
Answer: Explains how managers differ from owners in using pay
and other compensation to run the organization
Owners concerned with increasing stockholder value
Managers concerned with job tenure and short term performance
, ◉ Effectiveness of Pay.
Answer: Money can be a motivator
The more people get, the more they want
Pay cut seen as insult and indication of low value
Monet means different things to different peoples
Rewarding team performance is effective
◉ Methods of Administering Pay.
Answer: Base Pay
Merit Pay
Pay for performance
◉ Base Pay.
Answer: Amount of money paid on regular basis
Often determined by market conditions
Typically coupled with merit pay for salary increases
◉ Merit Pay.
Answer: Compensations ties to measures of performance
achievements during a specific time period
High pay achieved at high performance levels
PAPER WITH COMPLETE SOLUTIONS
◉ Measuring/Rewarding Performance.
Answer: Reinforce cultural values
◉ Adherence of Important Values.
Answer: Get employees to accept values, trust organization
◉ Reinforcing the Stories of Folklore.
Answer: Validate culture and way of doing things
◉ Recognition and Promotion.
Answer: Reward culture role models
◉ Mergers and Acquisitions.
Answer: Different structures, power bases, and emotions
◉ Relationship Enterprises.
Answer: Separate companies acting as single firm
,◉ Economic Crisis.
Answer: Effect of culture on ethics and long-term survival
◉ Guidelines for Organizational Culture Change.
Answer: Asses current culture and set goals
Hire outside personnel
Make changes from top down
Include employees in change
Take out reminders of previous culture
Expect problems and resistance to change
Move quickly and stay the course
◉ Money as a Reward.
Answer: Money associated with achievement and recognition, status
and respect, freedom and control, and power
◉ Agency Theory.
Answer: Explains how managers differ from owners in using pay
and other compensation to run the organization
Owners concerned with increasing stockholder value
Managers concerned with job tenure and short term performance
, ◉ Effectiveness of Pay.
Answer: Money can be a motivator
The more people get, the more they want
Pay cut seen as insult and indication of low value
Monet means different things to different peoples
Rewarding team performance is effective
◉ Methods of Administering Pay.
Answer: Base Pay
Merit Pay
Pay for performance
◉ Base Pay.
Answer: Amount of money paid on regular basis
Often determined by market conditions
Typically coupled with merit pay for salary increases
◉ Merit Pay.
Answer: Compensations ties to measures of performance
achievements during a specific time period
High pay achieved at high performance levels
