HR Chapter 12 questions with correct answers

Employee Stock Ownership Plan - Answer (ESOP) A plan whereby employees gain significant stock ownership in the organization for which they work. Advantages of ESOP - Answer Favorable tax treatment for ESOP earnings. Employees motivated by their ownership stake in the firm. Disadvantages of ESOP - Answer Retirement benefit is tied to the firm's future performance. Salary-Only - Answer All compensation is paid as a base wage with no incentives Straight Commission - Answer Compensation is computed as a percentage of sales in units or dollars. Salary-Plus_Commission - Answer Compensation is a part salary for income stability and part commission for incentive. Straight Piece Rate System - Answer Pay system in which wages are determined by multiplying the number of units produced by the piece rate for one unit