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hr exam 412715 - The Scanlon plan is a variation of which...

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The Scanlon plan is a variation of which type of incentive? A. Individual B. Merit pay C. Gainsharing D. Profit sharing A system in which an employer pays a worker specifically for each unit produced is known as A. gross pay. B. hourly wage. C. piecework rate. D. salary. In 2003, a company employee received an option to purchase the company's stock at $45 per share. If the stock is trading at $40 a share in 2005, the employee will most likely A. hold on to the option, hoping the stock price will increase in the future. B. try changing the price in the original option agreement to improve the stock's performance. C. exercise the option, receiving a gain of $5. D. exercise the option, receiving a gain of $40. An employee produces 10 components in an hour and earns $8.00 ($.80 × 10), while an employee who produces 12 components per hour earns $9.60 ($.80 × 12). This arrangement is an example of a _______ plan. A. commission B. differential-piece-rate C. straight-piecework D. straight-salary Organizations being squeezed between labor and product markets need to A. change their strategic mission and direction, moving to more attractive industries. B. move from job-based pay structures to skill-based pay systems, where employees are empowered and jobs are more enriched. C. couple pay policies with creative HR, production, and marketing management to make workers' contributions more valuable and products more profitable.
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