MGMT 500 - Final Exam (with Answers)

MGMT 500 - Final Exam (with Answers) |\ |\ |\ |\ |\ |\




There is little evidence to show that pay plans linking pay to
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performance result in gains in organizational performance. - |\ |\ |\ |\ |\ |\ |\ |\


CORRECT ANSWERS ✔✔FALSE |\ |\




Agency theory argues that employees prefer risky pay since
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rewards can be greater than a salary. - CORRECT ANSWERS
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✔✔FALSE


In ______________ theory, incentive pay is motivating if it helps an
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employee gain a sense of achievement, recognition or approval. -
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CORRECT ANSWERS ✔✔Maslow's
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An individual incentive pay system is associated with high
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turnover of high performers. - CORRECT ANSWERS ✔✔FALSE
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A key factor in increasing trust in top management is
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____________. - CORRECT ANSWERS ✔✔an acceptable appraisal |\ |\ |\ |\ |\ |\ |\


system


Both success and risk sharing plans are organizational as
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opposed to group-level plans. - CORRECT ANSWERS ✔✔FALSE
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Managers have more control over distributive justice than
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procedural justice. - CORRECT ANSWERS ✔✔FALSE |\ |\ |\ |\ |\

, A number of studies show that companies with profit sharing
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have higher performance than companies without profit sharing. -
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CORRECT ANSWERS ✔✔TRUE
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The "oil" that lubricates the compensation engine is
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______________ - CORRECT ANSWERS ✔✔performance |\ |\ |\ |\ |\


management


The ability triangle includes all but ____________. - CORRECT
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ANSWERS ✔✔organization development |\ |\




A growing number of companies are interested in variable pay
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because it helps employees adapt to new technologies and work
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processes. - CORRECT ANSWERS ✔✔TRUE |\ |\ |\ |\




A _______ plan divides a task into simple actions and determines
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the time an average worker takes to complete each action. -
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CORRECT ANSWERS ✔✔Bedeaux |\ |\




Unions prefer individual to group incentive pay plans since
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members can earn more money. - CORRECT ANSWERS ✔✔FALSE
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The Rowan plan uses a standard that is purposefully set high
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requiring high performance levels. - CORRECT ANSWERS
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✔✔FALSE