Final Exam Quiz Questions

Why don't employers share pay info with employees?

All of the above

In which of the following jobs is it most appropriate to use behaviorally anchored rating scales?

An assembly line job that involves tightening its on an engine

Best appraisal format in terms of legal defensibility:

BARS

When a job involves very routine, mechanistic tasks, most appropriate appraisal format:

BARS

Changes in prices of goods and services in product and service markets:

CPI

Which of the following is a factor to control in order to management labor costs in a simple labor cost model?

Employment

_______ is a variable pay plan where payout depends not on company level performance such as labor cost saving, but rather on performance at some subunit, plant of facility.

Gain sharing

In the context of evolution formats, which of the following is true of the alternation ranking method?

It recognizes that raters are better at ranking people at extreme ends of the distribution

Rating format with lowest rating errors:

MBO management by objectives

In the context of the performance evaluation process, which of the following ensures that raters are motivated to rate accurately?

Making sure that the mangers are graded on how well they utilize and develop Human Resources

Which of the following motivational theories states that performance based payments work best when they closely following performance?

Reinforcement theory

Which is not part of the analysis?

SWAT

Which of the following statements is true regarding rater training?

Training to reduce halo errors and improve accuracy has been most successful

In situations where the nature of the task is so uncertain that it may be difficult to specify expected goals, the most appropriate rating format is:

a standard rating scale

purpose of equity incentive programs such as restricted stock or stock option is:

align employee goals with goals of the shareholders

Factors transforming in business:

all of the factors

Total compensation or total rewards typically refers to:

base-pay, incentive pay and employee benefits

Replacing merit grids with....

bonuses

Which type of pay would finanically heathy businesses use?

bonuses and profit sharing

_______, designed for employees or managers, explain compl policies and practices.

communication portals

The amount of fairness, in the case amount of pay given to employees refers to:

distributive justice

advantage of team incentives:

effective in stimulating ideas and problem solving

When employee performance is easily measured and the organization's performance is fairly stable over time the most effective type of compensation is to offer:

emphasis on monetary rewards and large-incentive component

_______ is a platform used for employees to manage their information.

employee self-service

According to ____ theory, relative pay is important as employees evaluates the adequacy of their pay via comparisons with other employees.

equity

advantage of gain sharing plans:

increase employees knowledge of the business

negative outcome of MGMT by objectives method:

increase in performance pressure and stress

most common form of outcome-based appraisal:

management by objectives MBO

______ is a reward that recognizes outstanding past performance.

merit pay

This is true about merit pay:

merit programs commonly designed to pay different amounts depending on level of performance

Changes in the wages in the labor market:

pay surveys

disadvantages of gain sharing plan:

payouts can occur even if a company's financial performance is poor

Major criticism of standard rating scales:

raters have different definitions of scale levels

paying above the max:

red circle rates

A major advantage of force headcount

reduction in benefit costs

A compa-ratio reflects:

relationship of the avg actual salary in each range in the midpoint of the range

_____ have indirect pay -performance links and require employees to put up money to exercise grants.

stock option plans

______ theory of motivation states that employee motivation is the production of instrumentality and valence

the expectancy

Deming's major argument regarding performance appraisals:

the work situation is major determinant of performance

Leaving the organization:

turnover effect

True about merit bonuses:

viewed less of an entitlement