Business, 02.11.2020 19:30 redthangracing

IF YOU CAN ANSWER ALL I WILL GIVE BRAINLIEST. THIS IS FROM CONNEXUS HRMGT CLASS: COMPETENCY AND INCENTIVE-BASED PAY PLANS CHAPTER Lorna works as a shoe salesperson at a major department store. She earns $8 an hour but also gets 10 percent commission on each pair of shoes she sells. Lorna is being paid according to a
A. commission plan
B. profit-sharing plan
C. combination plan
D. at-risk variable pay plan

2. Which of the following actions would you most likely expect after implementing a competency-based pay plan at your company?

A. employees pursuing training to update skills
B. managers seeking transfers to more valued areas
C. recruiters focusing more on decision-making skills
D. trainers focusing on better orienting workers

3. Based on the description of competency-based programs, which of the following employees would you least expect to be paid in this manner?

A. teacher
B. computer technician
C. chief human resources officer
D. nurse

4. While pay-for-performance plans are dependent of results, competency-based plans are dependent on

A. Productivity
B. skills
C. rapport
D. job

5. QXR Financial Services has decided to phase out its competency-based pay plan because it has become too difficult to maintain. Which of the following is most likely to increase?

A. training
B. grievances
C. salary
D. absenteeism

6. are payments made to executives who are leaving the company based on a change in company ownership

A. Guaranteed loans
B. Golden parachutes
C. Stock options
D. Commissions

7. Miguel works as an insurance salesman, and is paid based on the number of sales he makes. He receives 10 percent of every sale, but receives no other money from his employer. Miguel is paid according to a(n) plan.

A. salary
B. Individual
C. combination
D. Commission

8. Profit sharing is

A. a plan by which employees receive a portion of an organization's profit
B. a process by which companies help their employees start their own business
C. a benefit plan that is reserved for senior-executive officers
D. a method of reducing an organization's operating costs

9. In a(n) pay program, employees are paid according to their skills and knowledge, rather than the job titles that they hold.

A. commission
B. Incentive
C. competency-based
D. salary

10. What is an advantage of using a competency-based pay plan?

A. employees tend to work harder
B. salaries are easy to calculate
C. employees are rewarded for staying with the company
D. it is cheaper than other plans

Answers: 1

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