Pay For Performance And Financial Incentives! Hardest Trivia Questions Quiz

70 Questions | Total Attempts: 122

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Pay For Performance And Financial Incentives! Hardest Trivia Questions Quiz

This is the hardest trivia questions quiz that is designed to test out how you Pay For Performance and Financial Incentives in the business sector. There have been a lot of scholars who have come up with theories that form the background of the buying and selling of goods and services. And in this quiz,you will get to review most of them and their use in the world today.


Questions and Answers
  • 1. 
    Frederick Taylor referred to the tendency of employees to work at the slowest pace possible and to produce at the minimum acceptable level as ________.
    • A. 

      Social loafing

    • B. 

      Systematic soldiering

    • C. 

      Work shifting

    • D. 

      Group logrolling

  • 2. 
    Which of the following terms refers to financial rewards paid to workers whose production exceeds some predetermined standard?
    • A. 

      Indirect financial payments

    • B. 

      Merit payments

    • C. 

      Hardship allowances

    • D. 

      Financial incentives

  • 3. 
    A management approach based on improving work methods through observation and analysis is known as ________.
    • A. 

      Strategic management

    • B. 

      Scientific management

    • C. 

      Management by objectives

    • D. 

      Performance management

  • 4. 
    Who proposed a two-factor theory that explains how motivator factors relate to satisfaction and hygiene factors relate to dissatisfaction?
    • A. 

      Frederick Taylor

    • B. 

      Abraham Maslow

    • C. 

      Frederick Herzberg

    • D. 

      David McClelland

  • 5. 
    Which of the following is a true statement about Herzberg's Hygiene-Motivator theory?
    • A. 

      Highly motivated workers rely equally on lower-level and higher-level needs.

    • B. 

      Assigning workers to teams can eliminate job-associated stress and frustration.

    • C. 

      Providing employees with feedback and challenge satisfies their lower-level needs

    • D. 

      Managers can create a self-motivated workforce by providing feedback and recognition.

  • 6. 
    According to Herzberg's Hygiene-Motivator theory, which of the following factors will most likely satisfy employees' higher-level needs?
    • A. 

      Base salary

    • B. 

      Achievement

    • C. 

      Incentive pay

    • D. 

      Co-worker relationships

  • 7. 
    Which of the following found that extrinsic rewards could detract from an employee's intrinsic motivation?
    • A. 

      Frederick Taylor

    • B. 

      Frederick Herzberg

    • C. 

      David McClelland

    • D. 

      Edward Deci

  • 8. 
    Rebecca's manager wants to acknowledge her outstanding service record for the past quarter. The manager decides to give Rebecca a bonus of $1000 as a reward. According to Edward Deci, which of the following will most likely occur as a result?
    • A. 

      The bonus will encourage Rebecca to work harder than before.

    • B. 

      The bonus will detract from Rebecca's inner desire to work hard.

    • C. 

      Rebecca's bonus will satisfy her higher-level needs and increase her motivation.

    • D. 

      Rebecca will feel inadequate because the bonus fails to address hygiene factors.

  • 9. 
    According to Victor Vroom, expectancy could also be referred to as the ________.
    • A. 

      Probability that effort will lead to success

    • B. 

      Relationship between performance and reward

    • C. 

      Perceived value a person attaches to a reward

    • D. 

      Employer's strategy for motivating employees

  • 10. 
    The perceived relationship between successful performance and obtaining the reward is referred to by Vroom as ________.
    • A. 

      Instrumentality

    • B. 

      Valence

    • C. 

      Expectancy

    • D. 

      Optimism

  • 11. 
    In Vroom's theory of motivation, motivation is equal to E * I * V, where E represents ________.
    • A. 

      Existence

    • B. 

      Expectancy

    • C. 

      Esteem

    • D. 

      Energy

  • 12. 
    In Vroom's theory of motivation, motivation is equal to E * I * V, where I represents ________.
    • A. 

      Intrinsic needs

    • B. 

      Internalization

    • C. 

      Instrumentality

    • D. 

      Incentives

  • 13. 
    In Vroom's theory of motivation, which of the following terms refers to the perceived value a person attaches to a reward?
    • A. 

      Valence

    • B. 

      Instrumentality

    • C. 

      Expectancy

    • D. 

      Variable pay

  • 14. 
    According to Vroom's theory, when managers design incentive plans they should do all of the following EXCEPT ________.
    • A. 

      Focus on behavior modification methods

    • B. 

      Make incentive plans easy to understand

    • C. 

      Provide training and support to employees

    • D. 

      Boost the confidence level of employees

  • 15. 
    Behavior modification is based upon the principles of rewards and punishments advanced by ________.
    • A. 

      Frederick Taylor

    • B. 

      Frederick Herzberg

    • C. 

      B.F. Skinner

    • D. 

      Edward Deci

  • 16. 
    Which of the following terms refers to changing behavior through rewards or punishments that are contingent on performance?
    • A. 

      Behavior modification

    • B. 

      Personal development

    • C. 

      Instrumentality

    • D. 

      Internal motivation

  • 17. 
    Which of the following is NOT a basic tenet of behavior modification?
    • A. 

      Behavior that leads to rewards tends to be repeated.

    • B. 

      Properly scheduled rewards can be used to encourage some behaviors

    • C. 

      Properly scheduled punishments can be used to minimize some behaviors

    • D. 

      Employees must understand the link between rewards, punishments, and behavior.

  • 18. 
    Which of the following terms refers to an incentive plan that ties a group's pay to the firm's profitability?
    • A. 

      Piecework

    • B. 

      Variable pay

    • C. 

      Pay-for-performance

    • D. 

      Merit pay

  • 19. 
    Under the Fair Labor Standards Act, which of the following would NOT be included in overtime pay computations?
    • A. 

      Bonus for new hires

    • B. 

      Christmas bonus

    • C. 

      Efficiency bonus

    • D. 

      Union contract bonus

  • 20. 
    What type of pay plan is being used when workers are paid a sum for each unit they produce?
    • A. 

      Competency-based pay

    • B. 

      Job-based pay

    • C. 

      Piecework

    • D. 

      Bonus

  • 21. 
    Which of the following terms refers to an incentive plan in which a person is paid a sum for each item he or she makes or sells, with a strict proportionality between results and rewards?
    • A. 

      Variable pay

    • B. 

      Straight piecework

    • C. 

      Straight hourly pay

    • D. 

      Standard hour plan

  • 22. 
    In which of the following do workers receive a basic hourly rate plus a premium equal to the percent by which their performance exceeds the standard?
    • A. 

      Variable pay

    • B. 

      Straight piecework

    • C. 

      Standard hour plan

    • D. 

      Standard piecework

  • 23. 
    All of the following are disadvantages associated with piecework plans EXCEPT that workers ________.
    • A. 

      Resist attempts to modify production standards

    • B. 

      Focus on production quantity instead of quality

    • C. 

      View the plans as unfair and complicated

    • D. 

      Dislike new technology or processes

  • 24. 
    Which of the following is the primary advantage of piecework plans?
    • A. 

      Powerful incentive to workers

    • B. 

      Workers earn efficiency bonuses

    • C. 

      Firms save on overtime wages

    • D. 

      Entices independent contractors

  • 25. 
    Which of the following terms refers to any salary increase the firm awards to an individual employee based on his or her individual performance?
    • A. 

      Competency-based pay

    • B. 

      Variable pay

    • C. 

      Merit pay

    • D. 

      Base pay

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