Question

1- One advantage of a ________ is that it ‘broadens individual outlook?’

A. Professional incentive

B. Individual incentive

C. Benefit

D. Executive incentive

E. Group incentive

2- In the 1940s, a survey revealed that what employees want most from a job is ____________________.

A. full appreciation for work done

B. professional development.

C. to retire as soon as possible

D. a bigger paycheck.

3- A common advantage of group incentives is that:

A. the best performers will maximize their efforts to make up for free riders.

B. there is very little chance of infighting or conflict with group incentives.

C. they always equally reward the performance of all employees.

D. they broaden the individual outlook of group members.

E. they encourage team members to compete with each other.

4- Acme Global announced that it had $1 million available for pay increases this year. Lindsey was a top performer and hopes to get a 10 percent __________ incentive.

A. merit pay

B. bonus

C. piecework

D. commissions

5- Katrina’s organization is hiring for low-skilled jobs in an industry where unemployment is high and it is easy to find replacement workers. Adopting a(n) ________ organizational philosophy on compensation could allow her to hire plenty of workers.

A. pay for longevity

B. below-the-market

C. wage compression

D. competency-based pay

Answer 1

1.
E. Group incentive

It is the incentives that are created for the individuals to be successful as a group. It makes individuals to work more collectively.

2.
A. Full appreciation for work done

Employees want that their work is appreciated and it is the biggest motivation for them, as justified by Hertzberg also in two factor theory of the motivation.

3.
D

Group incentives reward the whole group and individuals work as a team to deliver the expected results to maximize the benefits.

4.
A. Merit pay

Lindsay is the top performer, then she wants the pay hike for the whole year. So, she is expecting merit pay incentives that is only for the top performers.

5.
B. Below-the-market

It is the approach that will help Katrina to get the benefits of the high level of unemployment in the market. It will make her to hire a bigger number of workers at below the market standard wage rates.