BUS/409 BUS409 BUS 409 WEEK 5 QUIZ 4

Customer satisfaction, labor cost savings, materials cost savings, and reduction in accidents were listed as typical performance measures for which type of incentive plan?

This method reinforces cooperation among team members except when team members perceive differences in other members' performances.

Which of the following is true about the level of risk involved with incentive pay?

Which gain sharing plan bases incentives on the ratio between labor costs and sales value of production (SVOP)?

With which profit sharing formula does the profit sharing pool become funded only after profits exceed a predetermined level but fall below some established maximum level?

On which teams is membership relatively permanent, with the members working full-time on the team?

This formula for calculating profit sharing awards gives the employees a higher percentage of the profits as the profits increase.

In addition to the guaranteed hourly pay rate, John receives incentives for every item produced over the designated production standard. What kind of incentive plan is used in this situation?

This incentive plan has a buy-back provision.

XYZ Manufacturing Co. uses a gain sharing plan that gives incentives to employees to finish products rather than to incentivize dollar savings. Therefore, this company measures productivity as the ratio of standard labor hours and actual labor hours. What kind of gain sharing program does XYZ Manufacturing Co. use?

Which of the following is true of incentive pay?

Gunther Rohn was rewarded for making a suggestion that saved Ewe and Eye Electronics thousands of dollars. Which type of incentive compensation approach might have worked best?

Profit sharing plans and employee stock option plans are incentives on what level?

These profit sharing plans award cash to employees on a quarterly or annual basis as part of their regular compensation.

This is another name for parallel teams.

Which of the following is a characteristic of job-based pay?

This type of pay program rewards employees for successfully learning specific criteria.

Which of the following is a reason many European and Japanese employees are better skilled and able to work more productively than American workers?

The level of specialization or expertise an employee brings to a job are what type of skills?

Which company discussed in the chapter tests its employees twice per year, and has abnormally high training costs in assessing the skill levels of its employees?

This term refers to the level of specialization or expertise an employee possesses in a particular job.

This term reflects an approach to job design that results in the development of more intrinsically motivating and interesting work.

Which person-focused model links pay levels to increased knowledge and skills within the same general job category?

In the garment factory of XYZ Co., line workers are trained to be able to work at different manufacturing steps such as grading, cutting, sewing and assembling, pressing, etc. XYZ Co.'s strategy of training its workers to do different tasks is an example of which following term?

In a TV set manufacturing facility of XYZ Inc., although there are different assembly lines in which workers focus on certain aspects of production, senior line workers are capable of producing the TV sets from start to finish. Senior workers' capability of doing the entire operation from start to finish is an example of which following term?

In this person-focused pay model, employees are rewarded for increasing their skills within a single job family, even if the skills do NOT build on each other.

Which company emphasizes globalization, product services, and six sigma quality improvements for corporate growth? This company also offers a renowned two-year global program for high potential HR professionals that includes the opportunity for cross-functional experience.

In the XYZ Corp. passenger car manufacturing plant, assembly line station team leaders are allowed to stop the assembly line by pulling a cord available at each station whenever they notice a serious quality problem in the assembly process. This is an example of which of the following terms?

According to the job characteristics theory, this core characteristic refers to the amount of freedom, independence, and discretion the employee enjoys in determining how to do the job.

Which of the following are the two main reasons given for adopting pay-for-knowledge programs?