MCQs > Finance & Management > Human Resource Management (Skill Development) MCQs > Incentive Pay MCQs

Incentive Pay MCQ

Variable Pay is the compensation that depends on _____ in order to be awarded.

Answer

Correct Answer: All of these

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Social Loafers are the individuals who _____ in group settings.

Answer

Correct Answer: Avoid providing maximum effort

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Programs that provide a portion of company proceeds over a specific period of time that is_____

Answer

Correct Answer: Both b and c

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Prerequisites are extra _____ benefits usually provided to top employees in many businesses.

Answer

Correct Answer: Financial

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Merit Pay is a program to reward top performers with increases in their _____ wage that carry over from year to year.

Answer

Correct Answer: Annually

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Individual Incentives are the incentives that reinforce performance of a single person or a group.

Answer

Correct Answer: False

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Group Incentives are the incentives that provide reinforcement for actions of one individual within the organization.

Answer

Correct Answer: True

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Golden Parachutes refers to provision for _____ who are dismissed from a merged or acquired firm of typically large lump-sum payments on dismissal.

Answer

Correct Answer: Executives

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Valued returns to the individual in exchange for doing something that the organization desires of the employee refers to _____

Answer

Correct Answer: Extrinsic Rewards

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Something that the employee feels they have a right to receive from the company is known as_____

Answer

Correct Answer: Entitlement

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A payment typically provided to a salesperson for selling an item to a customer is known as______

Answer

Correct Answer: Commission

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A lump-sum payment, typically given to an individual at the end of a time period is known as_____

Answer

Correct Answer: Bonus

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More Human Resource Management (Skill Development) Subjects
The New Human Resource Management Process
Strategy-Driven Human Resource Management
The Legal Environment and Diversity Management
Workforce Planning
Recruiting Job Candidates
Selecting New Employees
Learning and Development
Performance Management and Appraisal
Rights and Employee Management
Employee and Labor Relations
Compensation Management
Employee Benefits
Workplace Safety, Health, and Security
Organizational Ethics, Sustainability, and Social Responsibility
Global Issues for Human Resource Managers
More Resources
Human Resource Management (Skill Development) Skill Assessment
Human Resource Management (Skill Development) PDF
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