Sage Vantage MARK3330 Business Ethics Chapter 11 Test

How does profit sharing increase loyalty to one's company?

Generally it takes several years for an employee to fully access the profit sharing, which leads to higher employee loyalty.

Smaller companies tend to have ______ levels of employee engagement when compared to larger companies.

Higher

According to Frederick Herzberg, what is the relationship between what makes people satisfied with their job and what makes people dissatisfied with their job?

Motivation factors and hygiene factors are separate, so the presence of hygiene factors doesn't necessarily mean that employees will be satisfied with their job.

You are a management consultant, and a new client has come to you with what you determine to be problems with a number of fence-sitter employees at their insurance firm. What strategy could you suggest that would help to motivate these employees to be more productive?

Since fence-sitters tend to accomplish only what is required of them, advise your client to raise the company minimums so that more is required to keep one's job in good standing.

Why does offering stock options to employees tend to lead to greater employee loyalty to the company?

Stock options allow employees to buy stock at a fixed price, so if the company's stock price has risen since that price was fixed, they can make money through buying company stock.

Leaders who display ______ are more likely to inspire employees to be engaged in their work.

outstanding moral character

When a manager empowers employees well, the employees ______.

take on aspects of a managerial role

According to Paul Lawrence, managers and company executives should relate to other lower level employees by ______.

taking the time to bond with them

As a manager, respecting employees requires that you run a workplace where ______.

basic human needs are met

What is the relationship between disengaged employees and an inefficient workplace?

Disengaged employees are disinterested in their job and therefore waste company time creating an inefficient workplace.

Companies must be publicly traded in order to offer their employees stock options.

False

If an employee is a go-getter in one aspect of their job, it is safe to assume they will apply that same attitude to other aspects of their job as well.

False

Open-book management is a strategy where employees who normally may not have information about the company's financial state are given access to it so that they can make more informed choices.

True

An employee performance huddle at the end of the day ______.

allows employees to end the day sharing something they achieved with fellow team members

You have been newly named a team leader. Your boss has told you that if this project is successful you will be promoted. What can you do at the outset of your project to try and ensure your team's success?

The most important element when working in a team is trust, so encourage open sharing of ideas and a willingness to admit mistakes without harsh judgment.