Pay for Performance and Financial Incentives – MCQs

50 questions. Click to practice.

Correct options are highlighted when revealed.

1.In which performance appraisal technique are percentage-based ratings assigned within predefined performance categories?

2.What is the term for a meeting where a manager and employee discuss the performance evaluation?

3.What term describes the practice of using employees' phones and computers to track their work speed and accuracy?

4.What is the term for the employee compensation system where earnings are linked directly to their productivity?

5.What is the term for the salary increment awarded to an employee based on their individual performance?

6.Which theory includes the 'commonsense' observations as a key component?

7.What is the term for a compensation system that links incentives and salary to the company's overall profit performance?

8.In a straight commission compensation system, sales representatives are compensated based on their __________?

9.Which term best describes employee training and the development of confidence?

10.Which of the following is an example of variable compensation?

11.What will be the outcome if expectancy, instrumentality, and valence are all absent?

12.Based on Herzberg's theory, which factors should employers emphasize to develop a workforce that is self-driven?

13.Which component involves providing qualitative or quantitative data to sustain or adjust performance?

14.What is a benefit of avoiding the need to recalculate the piece rate by using which system?

15.In Fredrick Herzberg's theory, which category represents an individual's basic or low-level needs?

16.Which category best describes a program designed to offer praise and approval to individuals?

17.Which of the following components are encompassed within an enterprise Incentive Management system?

18.Which category do basic requirements like food, water, and shelter fall under?

19.In Frederick Herzberg's theory, what term is used to describe a person's higher-level needs?

20.What term describes the pay structure that includes both a fixed salary and commission?