8. If a corporation compares its compensation and performance evaluation systems

Question

8. If a corporation compares its compensation and performance evaluation systems to its best competitors, it has engaged in b. patent infringement e. corporate comparisons that may be worthwhile d. benchmarking e. specific knowledge enhancement 9. When rates of pay and job assignments are determined by administrative rules and implicit promises of management, then the firm is operating in: a. an internal labor market b. a competitive labor market c. a human capital labor market d. a risk sharing market e. all of the above. 10. The rate at which an employer provides an incentive for an employee to perform is the a. informativeness principle b. incentive coefficient c. risk sharing premium d. efficient bargaining solution 1. If a work performance measure is based on both objective and subjective measures, the objective measure might be: a. the number of units produced b. the dependability of the worker c. the quality of the units produced. d. the cooperation of the worker e none of the above. 12. The ratchet effect refers to: a. basing a performance evaluation on expected future performance b. A particular type of incentive pay c. The idea that d. Basing next year's standard of performance on this year's actual performance. e. None of the above. most managers are afraid to penalize employees for bad performance 13. Relative performance evaluation a. Involves comparing employee performance across many employees in the same job. b. May not be as beneficial as recently thought by Fredrick Taylor c. Is not always the best way to evaluate a subjective performance d. Is almost always better than subjective performance evaluation. e. Involves some of all the above.

Explanation / Answer

Ans:

1) Option D

Benchmarking

Benchmarking is a process of comparing the performance of company's products, services, policies and processes against those of best in the industry.It is used for improvement in the companies performance.

2) Option A

an internal labor market

Internal labor markets are an administrative unit within a organization. It is responsible for governing the aspects of  pricing and allocation of labor in the organization based on the set of administrative rules and procedures.

  

Related Questions

Navigate

• Browse (All)
• Browse 8
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.