______ provide
employees with a portion of the company’s earnings
|
a.
|
Profit-sharing plans
|
|
b.
|
Skill-based pay plans
|
|
c.
|
Informal rewards
|
|
d.
|
none of these are appropriate
|
ANS: A
60. Seiko
Instruments reward’s plan is an example of a(n):
|
a.
|
profit-sharing program
|
|
b.
|
skill-based pay plan
|
|
c.
|
informal rewards
|
|
d.
|
flexible benefits plan
|
ANS: A
61. To
reduce failure when using a profit-sharing plan, you should do which of the
following?
|
a.
|
Involve line managers and employees in
the program’s creation to ensure their
support.
|
|
b.
|
Set clear goals for the program
|
|
c.
|
Ensure that the employees understand the
metrics that the program is measuring.
|
|
d.
|
all of these
|
ANS: D
62. To
reduce failure when using a profit-sharing plan, you should do all of the
following except:
|
a.
|
Do not tell the employees
the metrics that the program is measuring
|
|
b.
|
Tie the program to the
company’s strategies
|
|
c.
|
Give the program time to
succeed. It takes two or three years for a program to
change overall company
performance.
|
|
d.
|
Provide up-to-date
information that allows employees to see how well they are
performing against their
goals
|