Which of the following statements holds true for the term, perverse incentive?O1)It refers to a structure for determining salary increases that encourages workthat is less effective, less efficient, or both.2)It refers to the standard range of wages paid at a location, usually across acity or a region.O 3)It refers to the salary range a company sets for its employees, independent ofthe community wage level and wages as set by other, competing companies.It refers to a measure of an employee's worth in terms of how much of the4)company's profit the employee generates.5) It refers to a low-paying post workers accept to gain valuable experience.

A reward system illustrates the values and norms of the company. A Reward system is utilized by…

Answered: Which of the following statements holds…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Which of the following is an internal pay factor? a. Inflation b. Cost of living c. Current economic state d. Unemployment rates e. Type of industry
The Demographic Dividend refers to: A) The value of the workforce that the population regularly provides to the economy. (B) The potential gain of a demographic structure favorable to the development of the economy. C) A demographic structure that promotes the reduction of consumption and the increase in savings. D) The potential gain of a demographic structure unfavourable to the labour market.
You have just been promoted to be the Product Manager of Company ABC. The Human Resource Director had just informed you of the Worker's Union Representative of their request for ten percent (10%) increase pay rise. The workers would stage a demonstration for pay increase if their demand is not met. You realize that current prices are inflationary. 1 What will be the impact of pay increase to the price determination of the company products prices in the market? 2 How could you, in your position as the Product Manager implement changes in the company's production plan so that you could maintain the company's profitability and at the same time reduce inflationary prices?
What staff will you require for pharmacy? What skills will they need (make sure they are bona fide requirements). Write 1 job descriptions for one of the positions that you require to run your business. You might have listed more jobs above in #2 that are required to run the business but you only need to write 1 job description. Write the job ad for this job descriptions. Think about what information individuals want to know in a job ad. Be creative, you want to attract the best talent. Best practice in recruitment has you design your recruitment strategy before you have candidates apply for a job. What will your recruitment process look like to ensure you are getting the best candidate for the position? Write 3 Behaviour Based Interview Questions that you want to ask the candidates, be sure to include a scoring guide and desired answers.
A little over two years ago, Avondale Industries acquired a company that produces a line of adhesives and sealants used in the aerospace industry. The acquisition was shortly followed by providing the best and brightest employees in the division with training every three months on topics selected by the group. A year later, the adhesives and sealants division developed a new sealant that lasts longer, is less expensive to produce, and is more effective in preventing the spread of fire or flames from the engine compartment to the airplane and preventing air leakage. The new product resulted in a sustainable competitive advantage in the market. Which of the following statements best explains how training contributed to the division’s new competitive advantage? The training gave the employees the opportunity to demonstrate their many skills and competencies to the company. The training taught the employees how to look at competitors’ products and determine how to make them…
Select an overseas country of your choosing (UK) and assume that you are employed in the human resources department for a large company(Grace Kennedy). The company has just reached an agreement to open a new sales office in this foreign country in order to better serve customers in that market. Although support personnel will be hired locally, three sales representatives from headquarters will be transferred to this office for a period of two years in order to get it “up and running.” The national sales manager has asked you to prepare a report outlining the intercultural communication issues that these sales reps likely will face. Your team will be required to research the business communication in this country and write a report to your Board of Directors that addresses the following that may play a role in impacting the success of these sales representatives in establishing an office in the country. a. What intercultural issues that the sales representatives will likely faces.
. Select an overseas country of your choosing and assume that you are employed in the human resources department for a large company. The company has just reached an agreement to open a new sales office in this foreign country in order to better serve customers in that market.Although support personnel will be hired locally, three sales representatives from headquarters will be transferred to this office for a period of two years in order to get it “up and running.” The national sales manager has asked you to prepare a report outlining the intercultural communication issues that these sales reps likely will face.Your team will be required to research the business communication in this country and write a report to your Board of Directors that addresses the following that may play a role in impacting the success of these sales representatives in establishing an office in the country.1. Prevailing norms of communication2. Nonverbal communication, 3. High context and low context…
Evidence suggests that the employees who already have the highest skill levels in an organization are the most likely to receive further training, while the lower-skilled employees most in need of training are less likely to receive it, either because those employees decline opportunities or because they are not selected to participate. Why might the situation described above happen? What criteria should be used to determine who is selected to participate in training programs? How can organizations encourage lower-skilled employees to take advantage of elective training opportunities?
You are a Benefits Manager at a privately held, retail organization. In January, you were notified that health insurance premiums have increased, and as a result, changes need to be made to the existing benefit package for the next year. The owners of the company want to keep the employee contribution to health insurance the same and therefore cuts will need to come from other voluntary benefits offerings. Current voluntary benefits include Paid Time Off, Holiday Pay, Life Insurance, Long Term Disability, Dental Insurance, Tuition Reimbursement, and an Employee Assistance Program. what information and data would be good togather make an informed decision regarding the benefits that should be eliminated or reduced for the next benefit year? , assume both the Employee Assistance Program and Tuition Reimbursement benefits were eliminated. What qualitative and quantitative metrics would you recommend tracking to evaluate these actions
Which of the following is recommended to firms that want to earn employee commitment? A) document the psychological contract B) explain the importance of efficiency programs C) establish a career planning and development process D) promise lifetime employment E) offer seniority bonuses
Suppose you are faced with the following problems as a sales manager: a) Salespeople are not spending adequate time to develop new set of customers. b) Salespeople are selling profitable products less than non-profitable and easy to sell products to achieve their sales volume quotas. Suggest a compensation plan that can be used to solve above problems.
What are some potential disadvantages of using a packaged application to help automate the employee goal-setting process?

SEE MORE QUESTIONS

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS