Question $16(3$ points$)$

$16.$ There are many different incentive plans that companies may use. $\_\_\_\_\_\_\_$ plans are often used to encourage collaboration among workers while $\_\_\_\_\_\_\_\_\_\_$ plans are more often used to reward individual effort.

Question $16$ options:

Gain$-$sharing, profit

Commission, merit

Gain$-$sharing, merit

Commission, profit

Question $17(3$ points$)$

$17.$ This type of plan is a group$-$based incentive plan that rewards based on the number of hours a firm expects a job to take and compares it to the actual completion date. If the actual date is earlier than expected, the group is rewarded for an earlier completion date.

Question $17$ options:

Scanlon

Improshare

Gain share

Deferred profit share

Question $18(3$ points$)$

$18.$ A $\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ encourages employees to make suggestions on how to increase productivity, design or create products, and rewards employees if their suggestions work, thereby sharing in the wealth of the company as what happened at $3$M:

Question $18$ options:

Scanlon plan

Profit sharing plan

Gain sharing plan

All of the above

Question $19(3$ points$)$

$19.$ Employee ownership programs relate to which theory of motivation that discusses alignment of goals? Expressed another way: When Owner & Manager goals are not on the same page this can present an$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$problem.

Question $19$ options:

Agency theory.

Reinforcement theory.

Goal setting theory.

Expectancy theory.

Question $20(3$ points$)$

$20.$ CEO compensation is often in the news. In response to this, some CEOs at large companies have agreed to set their base pay at $$1.$ In these schemes, CEOs make most of their compensation from

Question $20$ options:

sitting on other company's board of directors

benefits that are tied to the company's performance over the next year.

compensation that focuses on long term goals.

tax credits on lost income.

Question $21(3$ points$)$

$21.$ If an organization is looking to reward employees for excellent customer service, which plan would be most motivating?

Question $21$ options:

Merit based pay.

Piecework plan.

Standard hour plan.

All of the above.

Question $22(3$ points$)$

$22.$ All of the following are mandatory benefits employers are required by law to provide except

Question $22$ options:

Social Security.

retirement insurance.

unemployment insurance.

workers' compensation insurance.

Question $23(3$ points$)$

$23.$ Which of the following is not accurate regarding workers' compensation?

Question $23$ options:

It is funded by the federal government.

The injured worker continues to receive benefits while at home.

It allows employees to collect money while they are still injured.

It releases the employer from being sued when a worker is injured on the job.

Question $24(3$ points$)$

$24.$ Kimberley puts $$200$ pre$-$tax in a special account each month to use to help pay for her health care options. She is participating in a $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

Question $24$ options:

preferred provider organization

health maintenance organization

health savings account

consumer$-$driven health plan.

Question $25(3$ points$)$

$25.$ Maggie wants to form a union to have her employer improve working conditions and provide higher pay. The first thing she needs to do is

Question $25$ options:

contact the NLRB for authorization to form a union

reach out to the international union for approval to form a new chapter

collect signatures from $30\%$ of the eligible employees who want to unionize

collect $$1,000$ per worker to help start the union

Question $26(3$ points$)$

$26.$ Which type of vesting gradually gives employees ownership of their retirement benefits?

Question $26$ options:

cliff vesting.

shelf vesting.

graded vesting.

delayed vesting.