T4 exam

Which of the following is the most important potential disadvantage of performance pay?A . It increases the need for layoffs in poor economic conditions.B . It does not fit well with high-involvement management.C . It is mainly effective in small companies.D . It does not pay off for some employers.View...

Which of the following variables offers the most likely explanation for the decrease in popularity of "defined benefit plans" by employers in Canada?A . They provided poor returns on pension plan investments, and longevity of employees increased.B . Defined benefit plans are simply not popular among employees.C . They help...

As an employer, you believe it is always a good idea to pay people for their contributions to organizational results. Which of the following plans would likely be the key component of the compensation plan?A . indirect payB . base payC . pay for knowledgeD . performance payView AnswerAnswer: D

Which of the following is a reason why employees may prefer base pay over performance pay?A . Performance pay is more predictable.B . Base pay is directly related to their performance level.C . They dislike uncertainty about their compensation.D . Market conditions are always changing.View AnswerAnswer: C

A particular company wants to make sure employees feel they are appreciated, while at the same time ensuring key employees have a sense of loyalty towards the company. Which of the following systems does this company most likely use?A . benefitsB . performance payC . indirect payD . base payView...

As a general rule, organizations using a high-involvement managerial strategy use indirect pay as a way to encourage which of the following relationships?A . employer-community relationshipB . employee-task relationshipC . employer-employee relationshipD . employer-union relationshipView AnswerAnswer: C

Which pay type usually makes up a small proportion of total compensation, and may not be used at all by some employers?A . mandatory benefitsB . wagesC . merit payD . salariesView AnswerAnswer: C

Which of the following conditions make it impractical to use output-related pay?A . Output is easy to measure.B . Output is very stable.C . Output cannot be controlled by the individual employee.D . Output is easy to price in terms of its value to the employer.View AnswerAnswer: C

Your company offers you pay for time not worked, disability benefits, supplemental medical coverage, and a full range of free employee services. These items refer to which component of the compensation mix?A . direct payB . base payC . indirect payD . performance payView AnswerAnswer: C

As a human resource consultant, you have been asked to provide some rationale why an organization may decide to use base pay as a cornerstone for a compensation scheme. Which of the following notions would you advance in supporting your argument?A . It provides an organization with more labour flexibility...