MGMT 2103 CORE MAIN ANSWERS AND QUESTIONS
SET A+
✔✔_________ is the set of shared, taken-for-granted implicit assumptions that a group
holds and that determines how it perceives, thinks about, and reacts to its various
environments. Another way of saying this is, "The way we do things around here." -
✔✔Organizational culture
✔✔True or false: Performance management requires knowing what work activities and
outputs are desired (or connecting the behaviors to business goals), observing (or
appraising) whether they occur, and provide feedback to help employees meet
expectations. - ✔✔True
✔✔True or false: the Competing Values Framework provides a practical way for
managers to understand, measure, and change organizational culture. - ✔✔True
✔✔Which elements establish an organization's pay structure?
A. Pay range and pay differentials
B. Cost control and equality
C. Legal requirements and job descriptions
D. Individual salaries of its employees
E. Job structure and pay level - ✔✔Job structure and pay level
✔✔In McClelland's acquired needs theory - ✔✔We learn needs as we live our lives
✔✔Under the FLSA, exempt status of employees depends on their - ✔✔Job
responsibilities and salary
✔✔_________ is the process by which a person learns the values, norms, and required
behaviors that permit her or him to participate as a member of the organization -
✔✔Organizational socialization
, ✔✔In Maslow's need hierarchy theory, providing a work environment where employees
are not worried about physical or psychological harm fulfills what level? - ✔✔Safety
✔✔Which federal law establishes a minimum wage and requirements for overtime pay
and child labor? - ✔✔Fair Labor Standards Act
✔✔_________ is a form of pay where an employee is paid a given amount over a
specific period of time, regardless of the number of hours worked or quality of the work.
- ✔✔Salary basis
✔✔Which of the following is a compensation program that would best support an
organizational culture of cooperation and problem solving?
A. Fixed pay
B. Merit pay
C. Gainsharing
D. Incentive pay
E. Skill-based pay - ✔✔Gainsharing
✔✔Which of the following must a principle do to reduce agency costs?
A. Encourage the agent to maximize his or her benefits
B. Provide complete autonomy to the agent
C. Discourage the agent from pursuing projects with high potential payoffs
D. Increase information asymmetry and goal congruence
E. Align the agent's interests with the principal's interests - ✔✔Align the agent's
interests with the principal's interests
✔✔True or false: positive Reinforcement is designed to make the desired, or target,
behavior occur more often - ✔✔True
✔✔True or false: Organizations use pay surveys to benchmark compensation - ✔✔True
✔✔They way in which organizations use the performance management system to
provide information for day-to-day decisions about salary, benefits, and recognition
programs fall under the __________ purpose of a performance management system. -
✔✔Administrative
✔✔True or false: Key jobs are those that are uncommon and have unstable content
among many organizations, making them very difficult to evaluate using pay surveys -
✔✔False
✔✔What is the result of combining more assignments into a single layer, thus giving
managers more flexibility in making assignments and awarding pay increases -
✔✔Broad bands or broadbanding
SET A+
✔✔_________ is the set of shared, taken-for-granted implicit assumptions that a group
holds and that determines how it perceives, thinks about, and reacts to its various
environments. Another way of saying this is, "The way we do things around here." -
✔✔Organizational culture
✔✔True or false: Performance management requires knowing what work activities and
outputs are desired (or connecting the behaviors to business goals), observing (or
appraising) whether they occur, and provide feedback to help employees meet
expectations. - ✔✔True
✔✔True or false: the Competing Values Framework provides a practical way for
managers to understand, measure, and change organizational culture. - ✔✔True
✔✔Which elements establish an organization's pay structure?
A. Pay range and pay differentials
B. Cost control and equality
C. Legal requirements and job descriptions
D. Individual salaries of its employees
E. Job structure and pay level - ✔✔Job structure and pay level
✔✔In McClelland's acquired needs theory - ✔✔We learn needs as we live our lives
✔✔Under the FLSA, exempt status of employees depends on their - ✔✔Job
responsibilities and salary
✔✔_________ is the process by which a person learns the values, norms, and required
behaviors that permit her or him to participate as a member of the organization -
✔✔Organizational socialization
, ✔✔In Maslow's need hierarchy theory, providing a work environment where employees
are not worried about physical or psychological harm fulfills what level? - ✔✔Safety
✔✔Which federal law establishes a minimum wage and requirements for overtime pay
and child labor? - ✔✔Fair Labor Standards Act
✔✔_________ is a form of pay where an employee is paid a given amount over a
specific period of time, regardless of the number of hours worked or quality of the work.
- ✔✔Salary basis
✔✔Which of the following is a compensation program that would best support an
organizational culture of cooperation and problem solving?
A. Fixed pay
B. Merit pay
C. Gainsharing
D. Incentive pay
E. Skill-based pay - ✔✔Gainsharing
✔✔Which of the following must a principle do to reduce agency costs?
A. Encourage the agent to maximize his or her benefits
B. Provide complete autonomy to the agent
C. Discourage the agent from pursuing projects with high potential payoffs
D. Increase information asymmetry and goal congruence
E. Align the agent's interests with the principal's interests - ✔✔Align the agent's
interests with the principal's interests
✔✔True or false: positive Reinforcement is designed to make the desired, or target,
behavior occur more often - ✔✔True
✔✔True or false: Organizations use pay surveys to benchmark compensation - ✔✔True
✔✔They way in which organizations use the performance management system to
provide information for day-to-day decisions about salary, benefits, and recognition
programs fall under the __________ purpose of a performance management system. -
✔✔Administrative
✔✔True or false: Key jobs are those that are uncommon and have unstable content
among many organizations, making them very difficult to evaluate using pay surveys -
✔✔False
✔✔What is the result of combining more assignments into a single layer, thus giving
managers more flexibility in making assignments and awarding pay increases -
✔✔Broad bands or broadbanding
