Part B$-$Matching

Each question worth one mark. Total $10$ marks Term

$\backslash$table$[[$a$)$ Competitive advantage,Letter,D$],[,,],[,,],[$b$)$ Trait systems,,$]]$

Definition

is an individual incentive pay program that rewards employees based on their individual hourly production against an objective output standard, determined by the pace at which manufacturing equipment operates.

These accounts are set aside on employees' behalf as a source of retirement income

c$)$ Leniency error

describes an organization's success when the organization acquires or develops capabilities that facilitate outperforming the competition

an approach to job evaluation that uses market data to determine differences in job worth

d$)$

$\backslash$table$[[$Piecework plan,$]]$

are a particular method of job evaluation, places jobs into categories based on compensable factors

e$)$ Deferred profit sharing plan

refers to corrections that organizations can make for differences between their jobs and external benchmark jobs. These corrections are based on subjective judgment rather than on objective criteria

a type of performance$-$appraisal method, requires raters $($e$.$g$.,$ supervisors or customers$)$ to evaluate each employee's traits or characteristics $($e$.$g$.,$ quality of work, quantity of work, appearance, dependability, cooperation, initiative, judgment, leadership responsibility, decision$-$making ability, and creativity$)$

f$)$ Horizontal skills

is a measure of central tendency calculated as the sum of numbers $($e$.$g$.,$ annual salaries in the marketing department$)$ divided by the number of salaries

i$)$ Job levelling

refer to similar skills $($e$.$g$.,$ assembly skills applied to lawn mowers and assembly skills applied to snow blowers$)$

j$)$ Mean

when raters appraise an employee's performance more highly than it really rates, compared with objective criteria