Question 1

Which of the following statements about the academic judgement on performance-related pay is most accurate?

Accepted Answer

A)   Unfavourable
B)   Fairly favourable
C)   Very favourable
D)   MixedE) C) and D)
F) A) and D) A

Question 2

Which of the following statements about the extent of incentives in the UK is correct?

Accepted Answer

A)   The proportion of employees receiving incentive payments is increasing
B)   The proportion of employees receiving incentive payments is falling
C)   The proportion of employees receiving incentive payments is stable
D)   It is unclear what proportion of employees is receiving incentive paymentsE) A) and D)
F) All of the above

Question 3

What is being described here? The belief that employees will alter their behaviour (e.g.: by working harder)  if they anticipate that they will be rewarded with something they value (e.g. pay)  as a result.

Accepted Answer

A)   Sorting effect
B)   Expectancy theory
C)   Tournament theory
D)   Incremental effectE) None of the above
F) A) and D) B

Question 4

What is being described here? An incentive payment system which rewards employees provided they maintain a pre- determined and agreed level of working.

Accepted Answer

A)   Piecework
B)   Individual time saving
C)   Measured day work
D)   Gain sharingE) B) and C)
F) A) and D)

Question 5

Which of the following is not a major reason for introducing skills-based pay?

Accepted Answer

A)   Productivity improvements through multi-skilling
B)   Encouraging employees to up-skill
C)   The attraction and /retention of well-qualified people
D)   Encouraging a sense of shared purposeE) B) and C)
F) None of the above

Question 6

What is being described here? A payment system which rewards groups of employees with shares in their companies costs.

Accepted Answer

A)   Flexible benefits
B)   Gain sharing
C)   Profit sharing
D)   Merit payE) A) and B)
F) C) and D) C

Exam 21: Incentives

Which of the following statements about the academic judgement on performance-related pay is most accurate?

Correct Answer
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A

Which of the following statements about the extent of incentives in the UK is correct?

Correct Answer
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What is being described here? The belief that employees will alter their behaviour (e.g.: by working harder) if they anticipate that they will be rewarded with something they value (e.g. pay) as a result.

Correct Answer
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B

What is being described here? An incentive payment system which rewards employees provided they maintain a pre- determined and agreed level of working.

Correct Answer
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Which of the following is not a major reason for introducing skills-based pay?

Correct Answer
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What is being described here? A payment system which rewards groups of employees with shares in their companies costs.

Correct Answer
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C

Exam 21: Incentives

Which of the following statements about the academic judgement on performance-related pay is most accurate?

Correct AnswerverifiedA

Which of the following statements about the extent of incentives in the UK is correct?

Correct AnswerverifiedShow Answer

What is being described here? The belief that employees will alter their behaviour (e.g.: by working harder) if they anticipate that they will be rewarded with something they value (e.g. pay) as a result.

Correct AnswerverifiedB

What is being described here? An incentive payment system which rewards employees provided they maintain a pre- determined and agreed level of working.

Correct AnswerverifiedShow Answer

Which of the following is not a major reason for introducing skills-based pay?

Correct AnswerverifiedShow Answer

What is being described here? A payment system which rewards groups of employees with shares in their companies costs.

Correct AnswerverifiedC

Correct Answer
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A

Correct Answer
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Correct Answer
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B

Correct Answer
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Correct Answer
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Correct Answer
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C