Egalitarian compensation systems are:
A) problematic because of increased tensions between co-workers.
B) more common in older businesses with mature products.
C) important to developing a more stable work force.
D) becoming common in competitive environments.
55) Elitist compensation systems are most likely:
A) beneficial to firms trying to expand market share.
B) implemented by newer, smaller businesses.
C) established in very competitive environments.
D) used by older firms with mature products.
56) Above-market compensation policies are more likely to:
A) create an impression of innovation and success.
B) improve employee morale and reduce employee turnover.
C) affect employee cooperation more than any other business policy.
D) reduce barriers between people who need to work closely together.
57) Companies that pay employees at rates above the market are generally:
A) small start-up companies.
B) involved in global expansion.
C) companies that struggle financially.
D) larger companies in less competitive industries.
58) Firms that use nonmonetary rewards are most likely trying to:
A) reinforce achievement and sales growth.
B) foster an internally competitive climate.
C) develop responsibility among employees.
D) emphasize customer service and loyalty.
59) Companies that emphasize monetary rewards are primarily associated with:
A) volatile markets.
B) high customer service demands.
C) high job security.
D) cross-functional teams.
60) An emphasis on monetary rewards will generally reward a company with:
A) more achievement and responsibility among employees.
B) an internal climate of cooperation among employees.
C) long-term employee commitment.
D) increased employee diversity.
61) The practice of openness in a compensation system generally leads to:
A) greater pay dissatisfaction among employees.
B) increased fairness in managerial pay decisions.
C) greater overall compensation costs.
D) increased team building.
62) You have just been hired at Corpus Entertainment, Inc. (CEI) and as part of your contract, you sign an oath that you will not divulge information about your compensation to your co-workers or any other employee of CEI. You realize that the company has a(n) ________ pay policy.
63) The practice of secret pay in a compensation system generally leads to:
A) managers being more careful in their compensation decisions because they have to defend them.
B) an increase in the cost of mistakes in the pay-making decisions.
C) greater pay dissatisfaction among employees.
D) an egalitarian pay system.
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