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Take Assessment: Exam 4

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Name Exam 4

Instructions

This exam consists of 50 equally weighed questions. Always pick the single best answer. Questions that are skipped or are submitted with multiple answers will be scored as incorrect.

 

 

 

Multiple Attempts This Test allows 2 attempts. This is attempt number 1.

Force Completion This Test can be saved and resumed later.

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Question 1 text   Question 12 points  Save  

 According to Maslow’s hierarchy of needs theory, when does a need stop motivating?

Question 1 answers

when it is satisfied

it never stops motivating

when one moves higher up the hierarchy

all of these

none of these

Question 2 text   Question 22 points  Save  

 Rebecca’s manager wants to acknowledge her outstanding service record for the past quarter. Her manager decides to give Rebecca a bonus of $1000 as a reward. This is an example of using ________ to reinforce behavior.

Question 2 answers

intrinsic motivation

extrinsic motivation

physiological needs

extinction

recognition

Question 3 text   Question 32 points  Save  

 ________ award shares of stock for the achievement of predetermined financial targets such as profit or growth in earnings per share.

Question 3 answers

Nonqualified stock options

Stock appreciation rights

Performance achievement plans

Phantom stock plans

Restricted stock plans

Question 4 text   Question 42 points  Save  

 The Hygiene-Motivator theory is also called the ________.

Question 4 answers

two-factor theory

learned needs theory

equity theory

theory of extrinsic motivation

hierarchy of needs

Question 5 text   Question 52 points  Save  

 How often do most firms computer labor productivity measures used in gainsharing plans?

Question 5 answers

weekly

monthly

quarterly

annually

monthly and quarterly

Question 6 text   Question 62 points  Save  

 Gainsharing is an incentive plan that ________.

Question 6 answers

uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement

engages many or all employees in a common effort to achieve a company’s productivity objectives with any resulting cost-savings gains shared among employees and the company

contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm’s stock for employees

provides tax advantages for employees by deferring income taxes, often until the employee retires

involves the firm simply distributing a percentage of profits as profit shares to employees at regular intervals

Question 7 text   Question 72 points  Save  

 The first step in implementing a gainsharing plan is to ________.

Question 7 answers

choose specific performance measures

decide on a funding formula

decide how often to pay bonuses

establish general plan objectives

develop an involvement system

Question 8 text   Question 82 points  Save  

 Vroom’s expectancy theory states that a person’s motivation to exert some level of effort is a function of all of the following except ________.

Question 8 answers

the probability that the effort will lead to performance

the perceived relationship between performance and obtaining the reward

the perceive value of the reward

the amount of intrinsic motivation associated with the behavior

all of these affect a person’s effort

Question 9 text   Question 92 points  Save  

 Motivator factors affect a continuum that ranges from ________.

Question 9 answers

dissatisfaction to satisfaction

no dissatisfaction to no satisfaction

dissatisfaction to no dissatisfaction

satisfaction to no satisfaction

none of these

Question 10 text   Question 102 points  Save  

 All of the following are advantages of team incentives except that ________.

Question 10 answers

team planning is reinforced

worker’s pay may not be proportional to his or her efforts

jealousy is reduced

problem solving is encouraged

collaboration is encouraged

Question 11 text   Question 112 points  Save  

 The Lincoln incentive system is an incentive plan that ________.

Question 11 answers

uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement

engages many or all employees in a common effort to achieve a company’s productivity objectives with any resulting cost-savings gains shared among employees and the company

contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm’s stock for employees

provides tax advantages for employees by deferring income taxes, often until the employee retires

involves the firm distributing total annual profits each year among employees based on their merit rating

Question 12 text   Question 122 points  Save  

 Under ________, executives receive units instead of shares of company stock. Then at some point in the future, they receive value (usually in cash) equal to the appreciation of the units they own.

Question 12 answers

nonqualified stock options

stock appreciation rights

performance achievement plans

phantom stock plans

restricted stock plans

Question 13 text   Question 132 points  Save  

 What type of gainsharing plan uses the formula payroll expenses divided by total sales to determine employee bonuses?

Question 13 answers

Lincoln

Rucker

Improshare

Scanlon

all of these

Question 14 text   Question 142 points  Save  

 According to the Sarbanes-Oxley Act of 2002, if a company must restate financial statements due to material noncompliance with a financial reporting requirement, the act requires that the CEO ________.

Question 14 answers

repay any bonuses received during the 12 months prior to the issuance of the financial statements in question

make a public apology to stock holders

resign from the position of CEO

open his or her private records for investigation by an independent auditor

all of these

Question 15 text   Question 152 points  Save  

 An employee stock ownership plan is an incentive plan that ________.

Question 15 answers

engages many or all employees in a common effort to achieve a company’s productivity objectives with any resulting cost-savings gains shared among employees and the company

focuses on the sharing of benefits between employer and employees

contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm’s stock for employees

provides tax advantages for employees by deferring income taxes, often until the employee retires

involves the firm distributing total annual profits each year among employees based on their merit rating

Question 16 text   Question 162 points  Save  

 Phantom stock plans refer to stock plans that provide ________.

Question 16 answers

units instead of shares of company stock. Then at some point in the future, they receive value (usually in cash) equal to the appreciation of the units they own

shares without cost to the executive so that the employee can sell the stock but is restricted from do so for a set period of time

shares of stock for the achievement of predetermined financial targets such as profit or growth in earnings per share

permit the recipient to exercise the stock option or to take any appreciation in the stock price in cash, stock, or some combination of these

the option to purchase stock at a stated price, usually the fair market value at the time of the grant

Question 17 text   Question 172 points  Save  

 ________ is any salary increase the firm awards to an individual employee based on his or her individual performance.

Question 17 answers

Merit pay

Variable pay

Competency-based pay

Job-based pay

Piecework

Question 18 text   Question 182 points  Save  

 Which of the following is not one of the compensable factors emphasized in the Equal Pay Act?

Question 18 answers

skills

effort

accountability

responsibility

working conditions

Question 19 text   Question 192 points  Save  

 Which form of equity refers to the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay?

Question 19 answers

external

internal

distributive

individual

procedural

Question 20 text   Question 202 points  Save  

 According to the Fair Labor Standards Act, if a worker covered by the act works more than 40 hours, he or she will receive overtime pay at a rate of ________ of normal pay for any hours worked over 40 in a workweek.

Question 20 answers

50%

100%

125%

150%

200%

Question 21 text   Question 212 points  Save  

 Direct financial payments include all of the following except ________.

Question 21 answers

wages

insurance

salaries

incentives

commissions

Question 22 text   Question 222 points  Save  

 According to the Family and Medical Leave Act, eligible employees can take up to ________ weeks of unpaid, job-protected leave for the birth of a child or for the care of a child, spouse, or parent.

Question 22 answers

two

four

six

twelve

sixteen

Question 23 text   Question 232 points  Save  

 All of the following occupations are exempt from the overtime provisions stated in the Fair Labor Standards Act except ________.

Question 23 answers

physicians

dentists

management trainees

teachers

architects