BUSI 342 Mindtap Assignment 6 Liberty University Complete Answers

BUSI 342 Mindtap Assignment 6 Liberty University Complete Answers

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•     Medical insurance is
•     If a state’s minimum wage is higher than the federal minimum wage,
•     essentially treats each paycheck as a new act of discrimination.
•     According to theory, sales employees compensated based on commissions should be more motivated than if paid a straight hourly wage because the commission emphasizes a clear instrumentality link between the employee’s performance and outcomes.
•     The main premise of equity theory is that employee motivation is based on
•     A discount chain store that tries to gain competitive advantage in the market by offering customers the absolute lowest prices on merchandise might adopt compensation strategy to help limit payroll costs in order to keep product pricing low.
•     A high-end luxury store like Louis Vuitton might adopt for sale employees in order to ensure that customers receive outstanding customer service and are impressed by the professionalism of the store and staff.
•     If an employer uses online salary information such as that provided on salary.com which provides average compensation information for various jobs, it is important for the employer to remember which of the following general "rules of thumb" about these statistics?
•     The host-country-based approach to international compensation for expatriates
•     A is an incumbent who is paid above the range set for a job.
•     Which of the following is a type of organizational incentive plan?
•     Incentives like merchandise and gift certificates are most frequently used as
•     Jeffrey owns a restaurant chain and has decided to start a "pooled" tip system in which all servers put their tips received from customers into a common pool which is then split evenly between all servers, bussers, and kitchen staff. Which of the following outcomes is Jeffrey MOST likely to observe as a result of creating pooled tip system?
•     Which of the following situational factors is the best indication that group/team incentives may work well in that particular situation?
•     Tessa is a supervisor at a manufacturing plant. She created incentive system to encourage cooperation and teamwork among employees in reducing the amount of scrap wasted in the manufacturing process. All individuals who meet minimum standard for satisfactory performance are eligible to receive the reward based on the amount of savings the team achieved from scrap reduction.
•     Evelyn is the compensation manager within the HR department of a Fortune 500 corporation. The company is re-evaluating the incentive plans offered to employees and wants to make sure that individual employees see a clear linkage between how their own performance relates to their own compensation. Which of the following options should Evelyn not recommend to meet her objectives?
•     Which of the following examples is most consistent with a straight commission system?
•     The Dodd-Frank Act requires which of the following actions with regard to executive compensation?
•     Which of the following scenarios would be most likely described as including a "golden parachute?"
•     Which of the following is a criticism of common executive compensation?