MBA 704 EXAMS SCRIPT CORRECT QUESTIONS
AND ANSWERS SURE A+
✔✔Bonus - ✔✔Extra pay for performance that meets certain criteria or is at a level
above expectations
Bonus pay forward over fixed pay increases
✔✔Stock Options - ✔✔Opportunity to buy shares of stock in the future at a
predetermined fixed price
Typically used with senior level managers
If executive increase organizational performance, value of company stock will also
increase
✔✔Gain Sharing - ✔✔Employees share with the group the net gains from productivity
improvements
✔✔Profit Sharing - ✔✔Employees share increased profits with other employees
Not all increases are a direct result of efforts
✔✔Employee Stock Ownership Plan (ESOP) - ✔✔Employees sign a major stake in the
ownership of the firm by being given stock or being allowed to purchase stock at a price
below market value
✔✔Commission Beyond Sales - ✔✔Commission determined by customer satisfaction
and sales team outcomes
✔✔Rewarding Leadership Effectiveness - ✔✔Pay based on employee satisfaction
measure to recognize people management skills of leaders
✔✔Pay for Knowledge - ✔✔Pay given for acquiring additional training
✔✔Skill Pay - ✔✔Pay given for demonstrated skills rather than the job performed
, ✔✔Recognition vs Money - ✔✔Recognition can happen anytime
Can take different forms
Employee loyalty
Competitive advantage
Must be fair
✔✔Mandated Benefits - ✔✔Unemployment Insurance
Social Security
Workers' Compensation
Family/Medical Leave Act
✔✔Traditional Benefits - ✔✔Life, Disability, and Health Insurance
Pension
PTO
✔✔New Benefits - ✔✔Wellness programs
Life cycle benefits (Childcare and eldercare)
✔✔Personality - ✔✔How people affect others and how they understand and view
themselves
Inner and outer measurable trains
✔✔Heredity and Brain - ✔✔Nature vs nurture
Self concept: People's attempts to understand themselves
Self esteem: Self preservation competence and self image
✔✔***Person-Situation Interaction - ✔✔Each is different
✔✔Socialization Process - ✔✔Personality development consists of a continuous
process and sequence based largely on learning opportunities and the continuous
impact from the environment
✔✔Successful Organizational Socialization - ✔✔Challenging first job
Relevant training
Timely and consistent feedback
Right person in charge of socialization
Relaxed orientation program
Work groups with high mode
✔✔Big 5 Traits (FFM) - ✔✔Extraversion
Agreeableness
Conscientiousness
Emotional stability
Openness to experience
AND ANSWERS SURE A+
✔✔Bonus - ✔✔Extra pay for performance that meets certain criteria or is at a level
above expectations
Bonus pay forward over fixed pay increases
✔✔Stock Options - ✔✔Opportunity to buy shares of stock in the future at a
predetermined fixed price
Typically used with senior level managers
If executive increase organizational performance, value of company stock will also
increase
✔✔Gain Sharing - ✔✔Employees share with the group the net gains from productivity
improvements
✔✔Profit Sharing - ✔✔Employees share increased profits with other employees
Not all increases are a direct result of efforts
✔✔Employee Stock Ownership Plan (ESOP) - ✔✔Employees sign a major stake in the
ownership of the firm by being given stock or being allowed to purchase stock at a price
below market value
✔✔Commission Beyond Sales - ✔✔Commission determined by customer satisfaction
and sales team outcomes
✔✔Rewarding Leadership Effectiveness - ✔✔Pay based on employee satisfaction
measure to recognize people management skills of leaders
✔✔Pay for Knowledge - ✔✔Pay given for acquiring additional training
✔✔Skill Pay - ✔✔Pay given for demonstrated skills rather than the job performed
, ✔✔Recognition vs Money - ✔✔Recognition can happen anytime
Can take different forms
Employee loyalty
Competitive advantage
Must be fair
✔✔Mandated Benefits - ✔✔Unemployment Insurance
Social Security
Workers' Compensation
Family/Medical Leave Act
✔✔Traditional Benefits - ✔✔Life, Disability, and Health Insurance
Pension
PTO
✔✔New Benefits - ✔✔Wellness programs
Life cycle benefits (Childcare and eldercare)
✔✔Personality - ✔✔How people affect others and how they understand and view
themselves
Inner and outer measurable trains
✔✔Heredity and Brain - ✔✔Nature vs nurture
Self concept: People's attempts to understand themselves
Self esteem: Self preservation competence and self image
✔✔***Person-Situation Interaction - ✔✔Each is different
✔✔Socialization Process - ✔✔Personality development consists of a continuous
process and sequence based largely on learning opportunities and the continuous
impact from the environment
✔✔Successful Organizational Socialization - ✔✔Challenging first job
Relevant training
Timely and consistent feedback
Right person in charge of socialization
Relaxed orientation program
Work groups with high mode
✔✔Big 5 Traits (FFM) - ✔✔Extraversion
Agreeableness
Conscientiousness
Emotional stability
Openness to experience
