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QUESTION 1:
One of the advantages of team incentives is:
a. Cooperation between members of the same team
b. Competition between members of the same team
c. Cooperation between different teams
d. Competition between different teams
Correct Answer: a
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QUESTION 2:
One of the disadvantages of team incentives is:
a. Cooperation between members of the same team
b. Competition between members of the same team
c. Cooperation between different teams
d. Competition between different teams
Correct Answer: d
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QUESTION 3:
Merit pay consists of:
a. An increase in base pay normally given once a year
b. Lump-sum payments given once
Correct Answer: a
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QUESTION 4:
Bonus pay consists of:
a. An increase in base pay normally given once a year
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Correct Answer: b
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QUESTION 5:
What is another name for retirement income?
a. Stock options
b. Provident fund
c. Pension
Correct Answer: c
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QUESTION 6:
Layoffs are a form of:
a. Voluntary separation
b. Involuntary separation
Correct Answer: b
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QUESTION 7:
Resignation from a company is a form of
a. Voluntary separation
b. Involuntary separation
Correct Answer: a
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QUESTION 8:
Fat cat pay refers to:
a. Exorbitant salaries paid to senior officials in light of the benefit their contributions
have brought to the organization
b. Enormous amount of benefits brought by senior officials to the organization
irrespective of the salary they are getting
c. Salary paid to the fat pet cats of senior officials
Correct Answer: a
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