MGMT 500 - Final Exam (with Answers) |\ |\ |\ |\ |\ |\
There is little evidence to show that pay plans linking pay to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
performance result in gains in organizational performance. - |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔FALSE |\ |\
Agency theory argues that employees prefer risky pay since
|\ |\ |\ |\ |\ |\ |\ |\ |\
rewards can be greater than a salary. - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔FALSE
In ______________ theory, incentive pay is motivating if it helps an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
employee gain a sense of achievement, recognition or approval. -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Maslow's
|\ |\ |\
An individual incentive pay system is associated with high
|\ |\ |\ |\ |\ |\ |\ |\ |\
turnover of high performers. - CORRECT ANSWERS ✔✔FALSE
|\ |\ |\ |\ |\ |\ |\
A key factor in increasing trust in top management is
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
____________. - CORRECT ANSWERS ✔✔an acceptable appraisal |\ |\ |\ |\ |\ |\ |\
system
Both success and risk sharing plans are organizational as
|\ |\ |\ |\ |\ |\ |\ |\ |\
opposed to group-level plans. - CORRECT ANSWERS ✔✔FALSE
|\ |\ |\ |\ |\ |\ |\
Managers have more control over distributive justice than
|\ |\ |\ |\ |\ |\ |\ |\
procedural justice. - CORRECT ANSWERS ✔✔FALSE |\ |\ |\ |\ |\
, A number of studies show that companies with profit sharing
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
have higher performance than companies without profit sharing. -
|\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔TRUE
|\ |\ |\
The "oil" that lubricates the compensation engine is
|\ |\ |\ |\ |\ |\ |\ |\
______________ - CORRECT ANSWERS ✔✔performance |\ |\ |\ |\ |\
management
The ability triangle includes all but ____________. - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔organization development |\ |\
A growing number of companies are interested in variable pay
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
because it helps employees adapt to new technologies and work
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
processes. - CORRECT ANSWERS ✔✔TRUE |\ |\ |\ |\
A _______ plan divides a task into simple actions and determines
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the time an average worker takes to complete each action. -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Bedeaux |\ |\
Unions prefer individual to group incentive pay plans since
|\ |\ |\ |\ |\ |\ |\ |\ |\
members can earn more money. - CORRECT ANSWERS ✔✔FALSE
|\ |\ |\ |\ |\ |\ |\ |\
The Rowan plan uses a standard that is purposefully set high
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
requiring high performance levels. - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\
✔✔FALSE
There is little evidence to show that pay plans linking pay to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
performance result in gains in organizational performance. - |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔FALSE |\ |\
Agency theory argues that employees prefer risky pay since
|\ |\ |\ |\ |\ |\ |\ |\ |\
rewards can be greater than a salary. - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔FALSE
In ______________ theory, incentive pay is motivating if it helps an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
employee gain a sense of achievement, recognition or approval. -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Maslow's
|\ |\ |\
An individual incentive pay system is associated with high
|\ |\ |\ |\ |\ |\ |\ |\ |\
turnover of high performers. - CORRECT ANSWERS ✔✔FALSE
|\ |\ |\ |\ |\ |\ |\
A key factor in increasing trust in top management is
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
____________. - CORRECT ANSWERS ✔✔an acceptable appraisal |\ |\ |\ |\ |\ |\ |\
system
Both success and risk sharing plans are organizational as
|\ |\ |\ |\ |\ |\ |\ |\ |\
opposed to group-level plans. - CORRECT ANSWERS ✔✔FALSE
|\ |\ |\ |\ |\ |\ |\
Managers have more control over distributive justice than
|\ |\ |\ |\ |\ |\ |\ |\
procedural justice. - CORRECT ANSWERS ✔✔FALSE |\ |\ |\ |\ |\
, A number of studies show that companies with profit sharing
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
have higher performance than companies without profit sharing. -
|\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔TRUE
|\ |\ |\
The "oil" that lubricates the compensation engine is
|\ |\ |\ |\ |\ |\ |\ |\
______________ - CORRECT ANSWERS ✔✔performance |\ |\ |\ |\ |\
management
The ability triangle includes all but ____________. - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔organization development |\ |\
A growing number of companies are interested in variable pay
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
because it helps employees adapt to new technologies and work
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
processes. - CORRECT ANSWERS ✔✔TRUE |\ |\ |\ |\
A _______ plan divides a task into simple actions and determines
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the time an average worker takes to complete each action. -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Bedeaux |\ |\
Unions prefer individual to group incentive pay plans since
|\ |\ |\ |\ |\ |\ |\ |\ |\
members can earn more money. - CORRECT ANSWERS ✔✔FALSE
|\ |\ |\ |\ |\ |\ |\ |\
The Rowan plan uses a standard that is purposefully set high
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
requiring high performance levels. - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\
✔✔FALSE
